Page 50 - Imf

Covid-19: IMF policy panel endorses $650 billion increase in resources

IMF has authorised a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic

India's debt-to-GDP rose to 90% during Covid-19 pandemic, says IMF

In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. It avoided falls on the scale of the great depression.

World Bank, IMF eye ways to link debt relief to climate change spending

Source said planning was still in the early stages, but the goal was to launch the platform late in 2021, with a secretariat to be hosted at the World Bank

Recovery underway after worst global recession since World War II: IMF MD

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway

IMF lifts China's GDP to 8.4%, but Gopinath says growth unbalanced

The IMF increased China's GDP projection to 8.4% for this year, a 10-year high, but chief economist Gita Gopinath cautioned that economic growth in the world's second largest economy was unbalanced

Covid leaving complex legacies that will need to be tackled: IMF official

The Covid-19 pandemic is leaving behind complex legacies that will need to be tackled, a top IMF official said on Wednesday

Evidence of normalisation of economic activity in India, says Gita Gopinath

In its annual World Economic Outlook, the Washington-based global financial institution said that the Indian economy is expected to grow by 6.9% in 2022

IMF favours global minimum corporate tax: Chief economist Gita Gopinath

Gopinath said current disparities in national corporate tax rates had triggered 'a large amount' of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues

IMF scales up India's FY22 GDP growth forecast to 12.5%; experts unsure

The Fund's projection suggests India would again become the world's fastest-growing large economy

FM calls for greater coordination among BRICS on IMF's quota review

India on Tuesday pitched for greater coordination among BRICS nations on the issue of the 16th general review of quotas of the International Monetary Fund to give more say to developing countries.

World economy risks 'dangerously diverging' even as growth booms

While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

India's economy on path of gradual recovery: International Monetary Fund

India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020, IMF's spokesperson Gerry Rice said

IMF approves $500 million loan disbursement for Pakistan to help economy

The International Monetary Fund (IMF) has approved a half-billion disbursement for Pakistan to help the country's economy and save lives and livelihoods amid the pandemic

IMF sees signs of stronger global recovery, but significant risks remain

IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US

IMF research shows top firms becoming more dominant during Covid pandemic

Key indicators of market power are on the rise, including price markups over marginal costs, and the concentration of revenues among the four biggest players in a sector, the IMF study said

India at forefront in fight against Covid-19 pandemic: IMF's Gita Gopinath

Gopinath praised India for playing a very important role during the crisis by manufacturing and shipping the Covid vaccines to several nations

Malaysia's contrarian 1998 playbook helps Sri Lanka shun IMF for China

Island nation picks a cue from the contrarian playbook Malaysia used during the days of the Asian crisis in 1998

Yellen supports new allocation of IMF's SDR currency to help poor nations

Yellen said an SDR allocation and steps to boost low- and zero-interest lending by the World Bank and International Monetary Fund were needed to help contain the pandemic and mitigate its devastating

Official, private digital currencies can coexist, say IMF experts

The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it