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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

'Winners' and 'losers' from Covid-19

China is a clear winner; US a distant second; Europe and the UK are among the losers; India an also-ran

World Bank, IMF urge countries with excess vax supply to release surplus

World Bank Group and International Monetary Fund (IMF) have called on countries anticipating excess Covid-19 vaccine supplies in the coming months to release their surplus doses

India Covid crisis warning for other low- and middle-income countries: IMF

IMF has said that the situation in India is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now

IMF backs $50-bn plan to help world escape coronavirus crisis in 2022

That investment would fund an ambitious effort to immunize at least 40% of the global population by the end of this year and 60% or more by the first half of 2022, the IMF said

Economic Outlook for 2021-22

Outlook beset by uncertainties, but GDP in 2021-22 likely to be lower than in 2019-20

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

Will distribute 'Special Drawing Rights' to member countries by Aug: IMF MD

IMF Managing Director Kristalina Georgieva said she is "confident" the financial organisation will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August

Higher rates offset by positive US spillovers: IMF chief economist Gopinath

She told a Peterson Institute for International Economics event that the better outlook is increasing demand for exports from many countries