Page 2 - International Monetary Fund

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

Tensions with India may derail bailout scheme's goals: IMF warns Pakistan

The IMF also slapped 11 new conditions on Pakistan for the release of the next tranche of its bailout programme. This takes the total conditions imposed on Pakistan to 50

IMF funding to Pakistan akin to backing terror, says Rajnath Singh

Azad, Tharoor likely to be part of govt delegation to world capitals

Ex-Pentagon official hits out at Trump over IMF Pakistan bailout move

Former Pentagon official Michael Rubin criticises IMF and Trump administration for approving $1 billion bailout to Pakistan, says move aids China and ignores Islamabad's links to terrorism

IMF disburses $1.023 bn tranche to Pak; to hold discussions about budget

IMF disburses USD 1.023 bn tranche to Pak; to hold virtual discussions about budget

IMF to hold virtual talks on Pakistan's budget amid security concerns

The International Monetary Fund will on Wednesday hold virtual discussions on Pakistan's upcoming budget as the visit of its mission to Islamabad was delayed due to security concerns in the region. The federal government is planning to unveil the budget for fiscal 2025-26 on June 2. The International Monetary Fund (IMF) talks will continue until May 16. The global lender has appointed a new mission chief to Pakistan and the mission is now expected to travel to Islamabad over the weekend, subject to the security situation, government sources told The Express Tribune on Tuesday. The IMF mission delayed its scheduled arrival here on Tuesday due to uncertainty caused by the ongoing India-Pakistan conflict that has affected air travel across the region. Virtual discussions are expected to be held from today. For the second and final leg of the talks, the IMF team is expected to arrive in Islamabad on Saturday and stay until May 23, the source said. The IMF's Resident Representative to

Pakistan: An economy on life support, strained by debt and weak reforms

Faces shaky recovery amid renewed tensions with India, surging debt, IMF dependence, weak reforms, and chronic structural and governance failures. SHIKHA CHATURVEDI & JAYANT PANKAJ explain

Why India abstained on IMF's $2.3 billion loan package for Pakistan

India abstained from voting on the IMF executive board's approval of two loan proposals worth $2.3 billion for Pakistan, officially recording its objections without casting a dissenting vote

IMF 'reimbursing' Pak for ordnance used to devastate border areas: Abdullah

Jammu and Kashmir Chief Minister Omar Abdullah on Saturday hit out at the IMF for granting a billion dollar loan to Pakistan, saying the global financial organisation was "essentially reimbursing" Islamabad for the ammunition used to devastate border areas of the Union territory. The International Monetary Fund on Friday approved the disbursement of around USD 1 billion to Pakistan under the Extended Fund Facility (EFF). "I'm not sure how the 'International Community' thinks the current tension in the subcontinent will be de-escalated when the IMF essentially reimburses Pakistan for all the ordnance it is using to devastate Poonch, Rajouri, Uri, Tangdhar & so many other places," Abdullah said in a post on X. India abstained from the vote at the IMF, pointing out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community, exposes funding agencies and donors to reputational risks, and makes a mockery of global values.

India abstains from voting on IMF's $2.3 billion loan to Pakistan

The Indian side raised the possibility of the funds being used for terror activities; both countries are in a military stand-off after Pak-backed terrorists killed 26 civilians at Pahalgam in Jammu an

India urges IMF to act cautiously on bailout package to Pakistan

India has expressed concern ahead of the IMF's decision on Pakistan's bailout package, urging the board to evaluate the country's past track record with such programmes

Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit

Public sector lender Union Bank purchased 189,450 paperback and 10,422 hardcover copies of Krishnamurthy V Subramanian's book 'India@100: Envisioning Tomorrow's Economic Powerhouse' for ₹7.25 crore

Krishnamurthy Subramanian's termination was India's call, says IMF

Sources said the reasons for Subramanian's termination included alleged impropriety in using his position to promote and publicise his latest book India@100

Indian govt decided to terminate services of Subramanian: IMF

The International Monetary Fund on Monday said that the termination of services of Executive Director K V Subramanian was a decision taken by the Indian government. Government of India has terminated services of Subramanian six months ahead of his three-year tenure. The termination was effective April 30, 2025. However, reasons for Subramanian's exit have not been officially announced. "The appointment and termination of any member of the Executive Board is a decision for member countries to make. The termination of ED Subramanian is a decision by the Government of India. We wish him well in his future endeavours and look forward to working with his successor," IMF spokesperson said when reached out for comments. According to sources, concerns were raised over an "alleged impropriety" relating to the promotion and publicity of his latest book, 'India@100: Envisioning Tomorrow's Economic Powerhouse'. It is also alleged that Subramanian used his official position to pressurise some .

KV Subramanian to exit IMF role early, govt begins search for replacement

Krishnamurthy Subramanian is set to leave his IMF post early amid reported concerns over data issues and book promotion. Meanwhile, the Indian government begins searching for his replacement

Six month left, Krishnamurthy Subramanian's term cut short at IMF

Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant

Islamabad calls India's IMF loan review push 'politically motivated'

Ahead of IMF's crucial review meeting next week, Pakistan has termed India's announcement that it will request the global lender to review Islamabad's financial support programme as politically motivated after the Pahalgam terror attack. The Express Tribune said Saturday quoting officials that India's attempt to involve the International Monetary Fund (IMF) is an extension of its political campaign to isolate Pakistan diplomatically. The IMF Executive Board is scheduled to meet Pakistan officials on May 9 for the first review of the Extended Funding Facility (EFF), and request for an arrangement under the resilience and sustainability facility. India on Friday said it will be asking global multilateral agencies, including the IMF, to have a relook at funds and loans provided to Pakistan, as New Delhi seeks to corner the neighbouring state diplomatically following the dastardly April 22 terror attack in Pahalgam which killed 26 tourists. The Express Tribune said officials argue that