Page 9 - International Monetary Fund

Dollar's share in global central bank reserves declines, IMF data shows

The shares of the Chinese yuan, the British pound, the Australian and Canadian dollars and the Swiss franc were little changed

Interventions in forex market to curb excessive volatility: RBI to IMF

The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime. "... (IMF) staff characterisation of India's exchange rate as a 'stabilised arrangement' is incorrect and inconsistent with reality. As in the past, exchange rate flexibility would continue to be the first line of defence in absorbing external shocks, with interventions limited to addressing ...

IMF cautions India on govt debt vulnerabilities, Centre disagrees

General govt debt may exceed 100% of GDP in medium term, warns Fund

India star performer, contributing more than 16% of global growth: IMF

Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. What we have been observing for quite some time now is that India has been growing at a very robust rate. It's one of the star performers when it comes to real growth when you look at peer countries. It's one of the fastest growing large emerging markets and it's contributing, in our current projections, more than 16 per cent of global growth this year, Nada Choueiri, the Mission of India at IMF, told PTI in an interview. The IMF on Monday released its annual Article IV consultation with India, according to which the South Asian country, underpinned by prudent macroeconomic policies, is on track to be one of the fastest-growing major economies in the world this year. Nonetheless, the economy is facing global headwinds, ...

Here's why the world's most loved-emerging market is feeling jittery

Where India has stood apart from most other emerging markets is in delivering high economic growth - 6 per cent-plus expected in 2023 and 2024, according to the International Monetary Fund

IMF's executive board approves 50% quota increase to strengthen resources

The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 annual meetings

Pakistan informs IMF its debt serving costs may go up to PKR 8.5 trn

A substantial portion of this debt cost is attributed to domestic debt servicing, while external debt servicing exceeds PKR 900 billion

COP28 Prez calls on MDBs to work faster to address climate finance

Dr. Al Jaber told the MDBs they have already made "good progress" on reform, including an endorsement by shareholders of a new vision for the World Bank

Long way to go in terms of Indian engagement with global mkts: John Lipsky

Lipsky said that there's still a long way to go in terms of Indian engagement with global markets

Sri Lanka, IMF reach agreement for disbursal of 2nd tranche of bailout

Sri Lanka and the IMF have reached a crucial staff-level agreement to release the second tranche of about USD 330 million out of the USD 2.9 billion bailout package which will help in the cash-strapped country's economic recovery. The International Monetary Fund in March this year approved a 48-month, USD 2.9 billion extended arrangement under the Extended Fund Facility (EFF) to support Sri Lanka's economic policies and reforms. The IMF mission that visited Sri Lanka for the first review of the global lender-supported Extended Fund Facility programme for the country noted that despite early signs of stabilisation, full economic recovery is not yet assured. "Sri Lanka will have access to SDR 254 million (about US$330 million) in financing once the review is approved by IMF Management and IMF Executive Board," the IMF said in a release on Thursday. The release of the second tranche at the conclusion of the first review of the facility approved in March is subject to approval by the I

Progressive and proactive: Crypto players all praise for IMF-FSB plan

Investments in resources, technology, and personnel would be necessary to ensure compliance

Uncertain outlook

IMF warns of geopolitical risks to world economy

IMF warns of stubborn inflation and weaker global growth in the coming year

In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025

Muneesh Kapur appointed as RBI's executive director, takes charge Oct 3

He also worked as the Adviser to the Executive Director at the International Monetary Fund from 2012 to 2015

IMF mission to arrive in Pak by late October for economic review: Report

The IMF will send its delegation to Pakistan in the last week of October to review the cash-strapped country's economic performance in the first three months of the current fiscal year, according to a media report on Tuesday. Quoting sources in the Ministry of Finance, The Express Tribune newspaper said that during the meeting with the International Monetary Fund (IMF) mission, the caretaker government will also discuss reforms in various sectors, including taxes and energy. The report said once the economic review is successfully completed, Pakistan will receive the next installment of USD 700 million from the IMF after its board's approval. The Washington-based global lender transferred USD 1.2 billion to the cash-strapped country in July, as part of the USD 3 billion bailout programme for nine months to support the government's efforts to stabilise the country's ailing economy. Although essentially a bridge loan, it offered much respite to Pakistan, which was battling an acute .

Despite signs of stabilisation, full recovery not assured: IMF on Sri Lanka

At the end of the mission, Breuer and Svirydzenka said in a statement that Sri Lanka has made commendable progress in implementing reforms

India likely to keep door shut on crypto for two years, says WazirX

India has called for a globally coordinated approach to crypto rules with the help of institutions such as the International Monetary Fund

IMF's Gita Gopinath praises India's G20 Summit message, PM Modi responds

IMF's deputy managing director Gita Gopinath shared a photo with Prime Minister Narendra Modi and complimented him on successfully hosting the G20 Summit

Crypto can't be legal tender; blanket ban not easy: IMF-FSB paper

Central banks should avoid holding crypto assets in their official reserve as they pose a risk to monetary and global financial stability, according to the synthesis paper

G20 Finance Deputies' meet begins: Crypto norms, debt distress in focus

India's G20 presidency has also put together a summary of various works being done by different institutions towards crypto assets