Page 26 - International Monetary Fund

T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank

M Narasimham: Forgotten contributions

In 1977, the Janata government asked him to leave and made Narasimham governor for five months

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

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

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

IMF proposes temporary 'solidarity' tax on pandemic winners, the wealthy

Advanced economies with robust tax systems should increase their top income tax rates for a period, IMF said

Economic recovery on rough patch, second Covid-19 wave may dampen prospects

Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.

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

Avoiding a K-shaped global recovery

Political leaders in the developed world must recognise that no one is safe until everyone is safe, and that a healthy global economy is not possible without a strong recovery everywhere

China in $1.5-billion swap deal as Sri Lanka seeks to shun IMF

The Central Bank of Sri Lanka is entitled to a 10 billion yuan ($1.5 billion) swap facility from the People's Bank of China, Sri Lanka's monetary authority said in a statement Monday

Peace and Pakistan

The besieged country looks for a breather

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

Pakistan hires banks for a possible foreign currency bond offering: Report

The nation is looking to raise funds after reaching an agreement with the IMF on resumption of a $6-bn bailout program that was secured in 2019 to avoid bankruptcy

India stands out on Covid-19 vaccine policy, says IMF's Gita Gopinath

The country has been at the forefront in fighting the coronavirus pandemic, Gopinath said

G-20 nears consensus on boosting IMF reserve amid Covid-19 pandemic

Talks focused on a proposal for a $500-bn allocation of the IMF's special drawing rights

IMF chief urges G20 action to reverse global economy's dangerous divergence

IMF Managing Director Kristalina Georgieva said "much stronger international collaboration" was needed to accelerate the rollout of Covid-19 vaccines in poorer countries

IMF, Pakistan reach agreement to release around $500 million

IMF and cash-strapped Pakistan on Tuesday reached an agreement over reforms paving the way for imbursement of USD 500 million as part of revival of a stalled bailout programme, the finance min said

Budget 2021: International Monetary Fund welcomes India's focus on growth

Gerry Rice said the Union Budget rightly focuses on health, education, public infrastructure and, if fully implemented, can help increase India's growth potential

Complacency in markets because of continued monetary support: IMF

The rollout of Covid-19 vaccines has boosted expectations of a global recovery and helped prompt a surge in asset prices

Focus on extending Covid help, invest in infra: IMF's Gita Gopinath

Says agri laws have potential to increase farmers' income

IMF boosts world growth outlook as Covid-19 vaccines outweigh uncertainty

The pandemic is exacerbating inequality, with close to 90 million people likely to fall into extreme poverty in 2020 and 2021, the fund said