Tag: imf

Success of India grounded in pursuit of reforms over last years: IMF MD

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International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by…

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Business

AI May Lead To Flattening Of Pay Structure: IMF’s Gita Gopinath

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Ms Gopinath also said China’s growth projection has been downgraded slightly. Marrakech: As the lingering effects of the Covid pandemic and the Russia-Ukraine war continue to be felt, it’s been a challenging few years for the global economy, but there are rays of hope as well. In an exclusive interview with NDTV in Marrakech, the…

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World

Bankrupt Sri Lanka gets China’s tentative agreement on debt restructure

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Wang Wenbin. File | Photo Credit: ANI Sri Lanka on October 11 welcomed China’s tentative agreement to a debt restructure, as the island nation works to restore its ruined finances after suffering its worst-ever economic crisis. The government defaulted on its $46 billion debt last year at a time when months of food and fuel…

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World

“India A Global Bright Spot, Powerhouse Of Growth”: PM Modi

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India’s growth is projected to be higher than China’s. (File) New Delhi: With the IMF forecasting robust economic growth in India amid concerns about the global economy, Prime Minister Narendra Modi on Tuesday said the country is a global bright spot and powerhouse of growth and innovation. The International Monetary Fund (IMF) on Tuesday raised…

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Nation

Pakistan rejects report claiming it sold arms to Ukraine to secure crucial IMF funding

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Image used for representational purpose only. File | Photo Credit: Reuters Pakistan has rejected a report claiming that it sold arms and ammunition to Ukraine in order to secure a crucial bailout package from the International Monetary Fund (IMF). Foreign Office Spokesperson Mumtaz Zahra Baloch on September 18 rejected as “baseless and fabricated” the Intercept…

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World

Drought dents Sri Lanka’s economic hopes, farmers’ livelihood

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H.J.M Seneviratne cuts yellow paddy stems that dried following drought, at his paddy field in Anamaduwa, Sri Lanka. | Photo Credit: Reuters H.J.M Seneviratne (63) slices through yellowed paddy stems dried out by a drought that has destroyed more than 95% of his crop and is threatening crisis-hit Sri Lanka’s summer rice harvest. The island’s…

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World

IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

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File picture of International Monetary Fund Managing Director Kristalina Georgieva | Photo Credit: Reuters International Monetary Fund Managing Director Kristalina Georgieva will visit China from Wednesday to meet with top leaders, before travelling to Indonesia and India for ASEAN and Group of 20 summits, an IMF spokesperson said on Tuesday. “During August 30 to September…

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World

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

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IMF delegates participate in a news conference on the IMF release of the World Economic Outlook Update, at IMF headquarters in Washington, DC, on July 25, 2023. | Photo Credit: AFP Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the…

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Business