scorecardresearch
Friday, March 29, 2024
TopicIMF

Topic: IMF

Pakistan ‘very hopeful’ of finalising a deal with IMF this month, says PM Shehbaz Sharif

The country is reeling from an economic crisis with inflation surging to 37.97% in May, posting a record for the second consecutive month and also the highest in South Asia.

It’s clear Indian economy is not ‘fast-growing’, govt must raise capacity for growth & employment

Medium-term impact of pandemic means some lowering of India's sustainable growth rate is inevitable. The fact that we are fastest-growing in the world is only a relative benchmark.

How hyperinflation, economic turmoil is pushing people to adopt crypto in several emerging economies

Such substitution from fiat currencies can make monetary policy less effective, pose threat to nations' financial stability. Policymakers must improve trust in banking systems, currencies.

IMF upgrades Asia Pacific growth outlook to 4.6%, driven by recovery in China & India’s ‘resilient growth’

The International Monetary Fund however warns that there are several downside risks to this outlook and that Asian economies should not become complacent.

IMF cuts India’s GDP forecast to 5.9% for current fiscal, down 0.2% from its January estimate

In its report, the IMF forecast global real GDP growth at 2.8% for 2023 and 3% for 2024, marking a sharp slowdown from 3.4% growth in 2022 due to tighter monetary policies.

Pakistan’s need for $1 billion IMF loan is dire. The poor are risking lives for flour, oil

Such is the curse of hunger that even endangering one’s life in the quest for wheat flour seems a necessary risk to take in Pakistan.

Pakistan finance minister cancels trip to IMF, World Bank meetings in US, say govt officials

Finance Minister Ishaq Dar was scheduled to attend meetings from 10 April and see top IMF officials and multilateral creditors in a bid to secure stalled funding.

Countries in stronger position should help others with debt woes, says IMF chief

IMF chief Kristalina Georgieva also added that such assistance would be particularly important against the backdrop of high interest rates and currency depreciation.

IMF reaches staff-level agreement with Ukraine on 4-year financing package worth $15.6 billion

The Fund said the agreement is expected to help unleash large-scale financing for Ukraine from international donors and partners.

Crisis-hit Sri Lanka gets crucial $3 bn bailout from IMF. Deal aims to curb corruption, inflation

The island nation will also be the first in Asia to undergo a 'governance diagnostic exercise' by the International Monetary Fund. First tranche of loan to be released in next few days.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.