Tag: imf

Global economy in tug-of-war between oil shock and AI boom: IMF chief

August 26, 2026 admin

President of the International Monetary Fund Kristalina Georgieva waves after a meeting with Uruguay’s President Yamandu Orsi in Montevideo, Uruguay. File | Photo Credit: AP The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz “better than feared” due to various factors, including an investment boom in artificial…

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IMF upgrades India’s 2025-26 growth to 7.3% from earlier estimate of 6.6%

January 19, 2026 admin

This upward revision was primarily a reflection of stronger-than-expected growth in the third quarter, and “strong momentum” in the fourth quarter, the IMF said. File | Photo Credit: Reuters The International Monetary Fund has revised upwards its estimate of India’s GDP growth in the current financial year 2025-26 to 7.3% from its earlier prediction of…

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IMF projects India to grow 6.6% in 2025, cuts projection for next year

October 14, 2025 admin

International Monetary Fund chief economist Pierre-Olivier Gourinchas speaks during the “World Economic Outlook” press briefing at the IMF/World Bank 2025 Annual Meetings in Washington, D.C., U.S., on October 14, 2025. | Photo Credit: Reuters The International Monetary Fund (IMF) in the October outlook increased India’s growth projections by 20 basis points to 6.6% for 2025…

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Watch: US elections: Who are Trump and Harris appealing to?

October 26, 2024 admin

The View from Washington: Who are Trump and Harris appealing to? | Video Credit: The Hindu In the third episode of The View from Washington, as the campaigning in the US elections heats up, we look at the gender divide among supporters of Kamala Harris and Donald Trump, the ethnic groups they have been targeting,…

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IMF Approves $7 Billion Loan To Support Pakistan’s Economy

September 25, 2024 admin

IMF Approves Billion Loan To Support Pakistan’s Economy

The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender. The three-year loan program “will require sound policies and reforms” to support Pakistan’s ongoing efforts to strengthen its economy…

World

Ethiopia receives IMF relief after easing forex curbs

July 31, 2024 admin

Ethiopia’s currency plunged by 30% after the central bank sought an IMF bailout. | Photo Credit: AFP Cash-strapped ased foreign exchange curbs on Monday as part of a broad economic reform package as the International Monetary Fund approved a loan to the Horn of Africa nation seeking a multibillion-dollar bailout. The value of the local…

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Pakistan reaches new $7 bn loan deal with IMF

July 13, 2024 admin

Pakistan reaches new bn loan deal with IMF

Under the IMF deal, Pakistan has agreed to increase tax revenues through measures of 1 and a half per cent of GDP in FY25 and three per cent of GDP over the programme. Pakistan and the International Monetary Fund (IMF) have agreed on a $7 billion aid package spread over more than three years to…

World

International Monetary Fund Maps 174 Countries’ Artificial Intelligence Readiness. India Is At 72

June 27, 2024 admin

The IMF index looks at market economies’ preparedness for Artificial Intelligence New Delhi: The International Monetary Fund (IMF) released an Artificial Intelligence Preparedness Index (AIPI) Dashboard on their website on Tuesday, tracking 174 economies globally for AI readiness. The Index has categorised each country into Advanced Economy (AE), Emerging Market Economy (EM), and Low-Income…

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Pakistan to seek rollover of $12 billion debt to meet budget targets before IMF team’s arrival

May 10, 2024 admin

Representational image only. | Photo Credit: AFP Pakistan has decided to seek a rollover of around $12 billion debt from key allies such as China in the 2024-25 fiscal year to meet a whopping $23 billion worth of gap in its external financing as the federal government aims to achieve budget targets before the expected…

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Cash-strapped Pakistan makes formal request to IMF for another bailout

April 20, 2024 admin

Pakistan Finance Minister Muhammad Aurangzeb. File | Photo Credit: Reuters Pakistan has formally sought a bailout package in the range of $6-$8 billion with the possibility of augmentation through climate financing from the IMF, a media report said on April 20. Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next…

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