Page 2 - International Monetary Fund

IMF reclassifies India's forex regime as 'crawl-like arrangement'

The Fund cites declining RBI interventions but warns that India's FX restrictions and slow structural reforms could hinder long-term growth

Review medium-term debt target, make it more ambitious: IMF to Centre

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

India must fire on all cylinders to reach Viksit Bharat goal: IMF

Krishna Srinivasan urges structural reforms, trade liberalisation, and deeper global integration

Pakistan, IMF reach staff-level agreement for $1.2 billion loan deal

Pakistan and the IMF on Wednesday reached a staff-level agreement (SLA) on the country's loan programmes, paving the way for Islamabad to access USD 1.2 billion, pending approval from the global lender's board. The Washington-based International Monetary Fund (IMF) will provide Pakistan with USD 1 billion under its Extended Fund Facility (EFF) and USD 200 million under its Resilience and Sustainability Facility (RSF) after approval from the fund's board. Last week, an IMF mission led by Iva Petrova concluded talks with Pakistani authorities on the second review of the EFF agreed in 2024 and the first review for the RSF climate loan agreed this year, but it left Pakistan without signing a staff-level agreement. In a statement issued early on Wednesday, Petrova stated that the staff-level agreement remained subject to approval by the IMF Executive Board. Supported by the EFF, Pakistan's economic programme is entrenching macroeconomic stability and rebuilding market confidence, she ..

IMF more upbeat about US growth, but outlook dimmer than last year

The US and global economies will grow a bit more this year than previously forecast as the Trump administration's tariffs have so far proved less disruptive than expected, the International Monetary Fund said on Tuesday, though the agency also said the extensive duties still pose risks. The United States' economy will expand 2 per cent in 2025, the IMF projected in its influential semiannual forecast, the World Economic Outlook. That is slightly higher than the 1.9 per cent forecast in the IMF's last update in July and 1.8 per cent in April. The US should grow 2.1 per cent next year, also just one-tenth of a per cent faster than its previous projection, the IMF said. Its current forecasts are still down from a year ago, however, a sign that the international lending agency expects the tariffs to weaken the US economy, in part by creating more uncertainty for businesses. Last October, the IMF forecast the US would grow 2.2 per cent this year. All the projections also represent a ...

Pakistan expects finalisation of staff-level agreement with IMF soon

Pakistani officials are hopeful for the finalisation of a staff-level agreement (SLA) with the IMF during Finance Minister Muhammad Aurangzeb's upcoming visit to the US, according to a media report on Friday. The finalisation is subject to consensus on the external account and verified flood-related losses, as well as their fiscal adjustment across central and provincial accounts, the Dawn newspaper reported. These issues are expected to be finalised during the upcoming IMF-World Bank annual meetings, where the Pakistani delegation, led by the finance minister and including the SBP governor and FBR chairman, will depart this weekend. Official sources confirmed to the paper that the International Monetary Fund (IMF) had shared the draft Memorandum of Economic and Financial Policies (MEFP) with the authorities before a visiting mission left Pakistan after two weeks of engagements. The IMF team visited Karachi and Islamabad from September 24 to October 8 to discuss the second review .

US' unilateral moves have rendered global multilateralism toothless

As the US sidelines institutions like the IMF, UN, and WTO, the post-War global order faces its most serious crisis yet

Centre appoints former RBI Governor Urjit Patel as IMF's executive director

Patel's appointment comes four months after Krishnamurthy Subramanian was recalled by the government from IMF

Urjit Patel appointed executive director at IMF for 3-year term: Who is he

Former RBI governor Urjit Patel has been appointed executive director at the IMF for three years. Here's a look at his career and what the role entails

S&P raises Pakistan's sovereign rating to 'B-' as fiscal outlook improves

S&P Global Ratings upgrades Pakistan's sovereign credit rating, citing improved fiscal conditions, contained external liquidity risks, and reduced near-term default risk

IMF's Gita Gopinath to return to Harvard University at end of August

She will become the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics at Harvard University

India now makes fastest payments globally, driven by UPI: IMF note

UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India, the note said

Brics finance ministers make unified proposal for voting reform at IMF

The joint statement by the group's finance ministers marks the first time the Brics countries have agreed on a unified position on the proposed reforms

Trump's trade war tougher test for emerging markets than Covid crisis: IMF

IMF's Gita Gopinath says emerging market central banks face more complex challenges amid Trump tariff shocks, capital flight risk and rate dilemmas

If IMF funds help Pak support terror, it's unfortunate: Shashi Tharoor

Tharoor expressed his displeasure at the International Monetary Fund for enabling Pakistan thus as they divert those funds to arm themselves to attack India

Datanomics: India closes in on Japan to be fourth-largest economy this year

India is likely to overtake Germany in 2028 as the third largest economy in the world, according to projections by the IMF

India beats Japan, now fourth-largest economy: NITI CEO Subrahmanyam

IMF projects India's GDP to cross Japan's in FY25; NITI Aayog chief says India will surpass Germany in 2.5-3 years to claim third-largest economy spot

Saudi Aramco eyes asset sales for expansion amid lower oil prices: Report

The company has asked investment bankers to pitch ideas for how to raise funds from its assets

Despite terror concerns, what led IMF to approve Pakistan's bailout package

India abstained from the IMF vote, warning of potential misuse of funds; the IMF said Pakistan met reform targets and that disbursed funds were directed to the central bank

With a stagnant economy, Pakistan needs to focus on citizens' welfare

In a low-income country, there will always be competing demands for resources