Tag: International Monetary Fund

Pakistan, IMF strike deal over disbursement of $1.2 billion fund

March 28, 2026 admin

Pakistan, IMF strike deal over disbursement of .2 billion fund

The IMF mission held talks with Pakistani officials in Karachi and Islamabad from February 25 to March 2, but left without an agreement. | Photo Credit: Reuters Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement (SLA) for the disbursement of approximately $1.2 billion under two separate arrangements. The two sides successfully…

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India a key driver of global growth, says IMF spokesperson

January 16, 2026 admin

A view of the International Monetary Fund (IMF) logo at its headquarters in Washington. Image used for representation purpose only. | Photo Credit: Reuters India continues to remain a key growth engine for the global economy, with its economic performance staying strong and resilient, according to the International Monetary Fund (IMF). IMF spokesperson Julie Kozack,…

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A critical story that a chunk of the media missed

December 12, 2025 admin

‘The concern that the IMF has expressed, and which underlies the lowly ‘C’ grade, is not going to be hastily resolved’ | Photo Credit: Getty Images/iStockphoto The release of the national accounts data for Quarter 2 recently was also one that coincided with serious concerns being expressed by the International Monetary Fund (IMF) about the…

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Cyclone Ditwah: International Monetary Fund explores recovery support for Sri Lanka

December 5, 2025 admin

Houses damaged by the overflowing Mahaweli River following Cyclone Ditwah, in Kandy, Sri Lanka on December 4, 2025. | Photo Credit: Reuters The International Monetary Fund (IMF) is exploring ways to support Sri Lanka in its recovery process following cyclone Ditwah, which has caused widespread destruction in the island nation and left more than 450…

World

IMF gives India a ‘C’ on its GDP and other national accounts data, the second-lowest grade

November 27, 2025 admin

The International Monetary Fund logo is seen outside the headquarters building in Washington. Image used for representation purpose only. | Photo Credit: Reuters The International Monetary Fund’s (IMF) annual review has given India’s national accounts statistics, which includes key figures such as Gross Domestic Product (GDP) and Gross Value Added (GVA), a grade of ‘C’,…

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India’s forex kitty drops $5.69 billion to $634.58 billion

January 10, 2025 admin

India’s forex kitty drops .69 billion to 4.58 billion

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto India’s forex reserves dropped by $5.693 billion to $634.585 billion in the week ended January 3, the Reserve Bank of India said on Friday (January 10, 2025). In the previous reporting week, the overall kitty had declined by $4.112 billion to $640.279 billion. The…

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Sri Lanka records highest deflation since 1961

November 30, 2024 admin

An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70% that year. File | Photo Credit: Reuters Sri Lanka’s consumer prices fell by 2.1% in November, the highest deflation rate recorded by the economically fragile island nation since 1961, official data showed Saturday (November 30, 2024). An…

World

Neither US Nor China Can Ignore India Today: Sitharaman

October 24, 2024 admin

Washington: India’s priority is not to impose its dominance but to enhance its influence, Union Finance Minister Nirmala Sitharaman has said, asserting that no country, whether the US or China, can ignore New Delhi today. Ms. Sitharaman made the remarks on Wednesday during a panel discussion on “Bretton Woods at 80: Priorities for the Next…

World

IMF maintains India’s growth projection at 7% for FY25

October 22, 2024 admin

A view of the International Monetary Fund headquarters building in Washington, DC ahead of the 2024 IMF/World Bank Annual Meetings. | Photo Credit: AFP The International Monetary Fund (IMF) maintained its June growth rate projects for India in its latest World Economic Outlook (WEO) released on Tuesday (October 22, 2024), to kick off the World…

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India needs to create 148 mn additional jobs by 2030 given population growth, says IMF DMD Gopinath

August 17, 2024 admin

Union Finance Minister Nirmala Sitharaman with Deputy Managing Director of the International Monetary Fund Gita Gopinath, during a meeting, in New Delhi, on August 17, 2024. | Photo Credit: PTI India has been a laggard among G20 nations in terms of employment generation and the country needs to create an additional 148 million jobs by…

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