Page 18 - International Monetary Fund
IMF planning to send in-person mission to crisis-hit Lanka: spokesperson
The IMF is planning an in-person mission in the coming weeks to Sri Lanka, which is facing a very difficult economic condition, for discussions on a financial arrangement
 "IMF planning to send in-person mission to crisis-hit Lanka: spokesperson")
IMF's Georgieva names Krishna Srinivasan to head Asia-Pacific dept
International Monetary Fund Managing Director Kristalina Georgieva Wednesday announced the appointment of Indian national Krishna Srinivasan as Director of the Asia and Pacific Department (APD)
LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day
For the past five days, Kerala has been reporting over 1,000 coronavirus cases each day and a total of 48 Covid-related deaths
 "LIVE: Maharashtra, Kerala report over 1,000 new Covid cases each in a day")
Pak has forex to pay for 2 months of imports, reserves slip below $10 bn
The stockpile decreased by $366 million in the week ended May 27 to stand at $9.72 billion
 "Pak has forex to pay for 2 months of imports, reserves slip below $10 bn")
Pakistan's IMF programme depends on govt ability to make fiscal adjustments
The restoration of Pakistan's delayed International Monetary Fund (IMF) programme depends on the government's capacity to make a fiscal adjustment of about 2.5 per cent of the GDP.
IMF may lower India's GDP growth projection for 2022 to below 8.2%
The IMF had cut India's gross domestic product (GDP) growth projection for 2022 to 8.2 per cent from 9 per cent in its World Economic Outlook report in April
 "IMF may lower India's GDP growth projection for 2022 to below 8.2%")
From balancing growth to inflation, WEF focused on challenges for economies
In the wake of the geopolitical crisis and rising prices, India's recovery remains dodgy
 "From balancing growth to inflation, WEF focused on challenges for economies")
World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report
Sri Lanka is nearing bankruptcy and has severe shortages of essentials from food, fuel, medicines and cooking gas.
 "World Bank to disburse $700 mn to Lanka, re-purpose existing loans: Report")
Pakistan says it's shut out of global bond markets with IMF only resort
Pakistan's government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the IMF
 "Pakistan says it's shut out of global bond markets with IMF only resort")
Need ample assurances on Sri Lanka's debt sustainability restoration: IMF
As Sri Lanka's public debt is assessed as "unsustainable," the IMF said it requires sufficient assurance from the nation that it will restore debt sustainability during the debt restructuring process
 "Need ample assurances on Sri Lanka's debt sustainability restoration: IMF")
Pakistan govt caves in to IMF, petrol prices increase by one fourth
The Pakistan government increased the rate of petroleum products by 30 PKR per litre, or up to one-fourth of their existing prices, paving the way for reaching a staff-level agreement with IMF
 "Pakistan govt caves in to IMF, petrol prices increase by one fourth")
Sri Lanka PM Wickremesinghe stresses urgency for economic reform plan
Sri Lanka's PM Ranil Wickremesinghe said that he will quickly prepare an economic reform programme and seek approval from the International Monetary Fund
 "Sri Lanka PM Wickremesinghe stresses urgency for economic reform plan")
Sri Lanka PM appointed as finance minister, to lead debt talks with IMF
He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies
 "Sri Lanka PM appointed as finance minister, to lead debt talks with IMF")
Default threat reaches Pak as inflation rises, political crisis worsens
Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.
 "Default threat reaches Pak as inflation rises, political crisis worsens")
Pak FM rules out removal of fuel, power subsidies ahead of IMF talks
Pakistan FM Miftah Ismail said on Monday that the government will not remove subsidies on power and fuel as per the commitment made by the previous government with the IMF.
 "Pak FM rules out removal of fuel, power subsidies ahead of IMF talks")
WEF summit: More forecast downgrades possible, no recession, says IMF
Members of the global elite are back in Davos after a two-year hiatus due to the pandemic
 "WEF summit: More forecast downgrades possible, no recession, says IMF")
Unexpected, but also unacceptable
Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy
 "Unexpected, but also unacceptable")
India's foreign exchange reserve declines by $2.67 billion to $593 billiion
In the previous reporting week, forex reserves stood at $595.95 billion.
 "India's foreign exchange reserve declines by $2.67 billion to $593 billiion")
IMF 'corrects' maths, says India to be $5-trillion economy by FY27
CEA disputed IMF's earlier projections that showed goal to be achieved by 2028-29
 "IMF 'corrects' maths, says India to be $5-trillion economy by FY27")
Not lowering fuel subsidies till govt survival assured, Pak PM Sharif
Pakistan is under considerable pressure from the International Monetary fund (IMF) to cut down on the fuel subsidies for taking the bailout package discussions further
 "Not lowering fuel subsidies till govt survival assured, Pak PM Sharif")
