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Tag: imf

IMF, World Bank hold first meetings in Africa in 50 years

Posted on October 9, 2023 By admin
IMF, World Bank hold first meetings in Africa in 50 years

The IMF and World Bank last held their meetings in Africa in 1973, when Kenya hosted the event and some nations were still under colonial rule. | Photo Credit: Reuters The IMF and World Bank gather in Morocco Monday for their first annual meetings on African soil in 50 years, under pressure to reform to…

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World

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

Posted on September 19, 2023 By admin
Pakistan rejects report claiming it sold arms to Ukraine to secure crucial IMF funding

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

Posted on August 29, 2023 By admin
Drought dents Sri Lanka’s economic hopes, farmers’ livelihood

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

Posted on August 29, 2023 By admin
IMF managing director to attend G20 summit in Delhi after trips to China and Indonesia

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

Posted on July 26, 2023 By admin
Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

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…

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

Business

IMF projects Indian economy to grow at 6.1% in 2023

Posted on July 25, 2023 By admin
IMF projects Indian economy to grow at 6.1% in 2023

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 The IMF on July 25 projected a growth rate of 6.1% for India in 2023, which is a 0.2 percentage point upward revision compared…

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