Page 49 - Imf

IMF raises India's special drawing rights allocation to $17.86 billion

SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves

India's holding of special drawing rights rises to $19.41 billion

The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate

How Africa can seize the moment and start resetting its ties with the IMF

To understand what Africa needs to do, it's helpful to review the history of Special Drawing Rights

Impoverished Afghanistan got rid of America, but not the US dollar

Afghanistan is in dire need of funds, but nothing of consequence happens at lending institutions like the IMF without US approval.

Taliban takeover: IMF curbs funds, US halts arms sales to Afghanistan

While Afghanistan will still receive the assets, it won't be able to use them because the new regime lacks international recognition, the IMF said

Too soon to predict economic spillover of crisis to Pakistan: IMF 

Taliban insurgents tightened their grip on Afghanistan on Friday, wresting control of its second and third biggest cities

RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years

The central bank's gold reserves stood at 705.6 tonnes as on June 30. The gold reserves were at 558.1 tonnes in the beginning of 2018

IMF slashes India's economic growth forecast for FY22 to 9.5%

However, IMF sees India's GDP growing by 8.5%, 160 basis points higher than its earlier projection, in the next financial year (FY23)

Top headlines: IMF cuts India's FY22 GDP forecast; IndiGo Q1 loss widens

Business Standard brings you this evening's top stories

Global recovery gap widens on unequal vaccine access, IMF says

Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs, says IMF

World economy seen growing 6% in 2021, no change from April projection: IMF

Advanced economies, in which close to 40% of the population has been vaccinated, are largely reopening after last year's Covid-19 lockdowns.

IMF board approves policy reforms to support recovery of low-income nations

The executive board of the International Monetary Fund has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries from Covid-19

IMF urges countries to move from economic rescue to growth-oriented reforms

Improved competition policy frameworks such as those being debated in Europe and the United States can reduce the concentration of market power among a few firms

IMF board backs $650 bn reserves distribution, targets end-Aug completion

G20 members to back carbon pricing role for the first time in the climate fight

IMF approves $650 billion expansion in resources to fight pandemic

The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they battle the coronavirus pandemic.

Central Bank of Sri Lanka holds policy rates, says not look at IMF package

Following the rate decision, Governor W D Lakshman expressed confidence that Sri Lanka could avoid seeking a bailout from the International Monetary Fund

Backing grows for new IMF Covid and climate fund for vulnerable countries

IMF chief this month proposed the new trust to allow rich countries to channel some of their new IMF reserves to poor and middle-income counterparts ravaged by Covid or climate change

IMF proposes carbon price floor among emitters to limit global warming

The International Monetary Fund on Friday proposed to set up an international carbon price floor to help limit global warming and achieve the transition toward low carbon growth over this decade

Montek Ahluwalia named member of World Bank-IMF High-Level Advisory Group

Climate change is at the top of the agenda this year in both developed and emerging market countries, says Ahluwalia

Pakistan, in bailout deal with IMF, sets 4.8% GDP growth target for 2021-22

Pakistan's economy suffered a 0.47 per cent contraction in FY2019/20