Tag: imf

Debt, fiscal challenges facing low-income countries worry IMF

April 20, 2024 admin

IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024. | Photo Credit: Reuters Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by…

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IMF: 8% growth projection for India not ours

April 5, 2024 admin

International Monetary Fund (IMF) logo. Representational image | Photo Credit: Reuters The recent remarks of Krishnamurthy Subramanian, Executive Director at the International Monetary Fund, about India’s growth figures does not represent the views of the IMF and were in his role as India’s representative at the global body, the IMF has said. “The views conveyed……

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China reaffirms financial support for Sri Lanka

March 30, 2024 admin

This handout photo released by Sri Lankan Prime Minister’s Office on March 27, 2024 shows Sri Lanka’s PM Dinesh Gunawardena (left) with Chinese President Xi Jinping, before a meeting in Beijing. | Photo Credit: AFP China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s Prime Minister on March 30…

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Sri Lankan Prime Minister Dinesh Gunawardena arrives on six-day visit to China

March 25, 2024 admin

Dinesh Gunawardena. File | Photo Credit: AP Sri Lankan Prime Minister Dinesh Gunawardena arrived at Beijing on March 25 for a six-day official visit during which he will hold talks with Chinese President Xi Jinping and Premier Li Qiang on ways to further deepen bilateral ties. “Mr. Gunawardena was received on his arrival by Chinese…

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South Sudan On Top With $492 GDP Per Capita

March 15, 2024 admin

South Sudan On Top With 2 GDP Per Capita

South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account the cost of living, providing a…

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New Pakistan PM Shehbaz Sharif orders ‘immediate’ talks with IMF for extended facility for ailing economy

March 5, 2024 admin

Pakistan’s Prime Minister Shehbaz Sharif (L). | Photo Credit: AFP Pakistan’s new Prime Minister Shehbaz Sharif has ordered “immediate” talks with the IMF for an extended fund facility for his cash-strapped country, saying that improving the state of the economy would be the top priority of his government which has received the “mandate”. In January,…

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

February 2, 2024 admin

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

October 14, 2023 admin

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

October 11, 2023 admin

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

October 10, 2023 admin

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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