Saturday, 20 August, 2022
TopicInternational Monetary Fund

Topic: International Monetary Fund

Sri Lanka-IMF discussions have resumed under President Ranil Wickremesinghe, says Colombo 

President’s Office also reportedly issues statement saying negotiations with IMF are ‘highly successful’, and so are political negotiations to form an all-party government.

Bankrupt Sri Lanka can’t use $1.5 billion credit line from Beijing due to China’s IMF concerns

'There is a condition in relation to the months of import cover that we need to have in order to be able to draw on that money,' Indrajit Coomaraswamy, advisor of the Sri Lankan govt Thursday.

Bankrupt Sri Lanka issues tenders calling for more oil and fuel imports

The government is seeking a loan of about Rs 31,000 crore this year from the International Monetary Fund and creditors including China and Japan to help pay for food and fuel.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.

Sri Lanka turns to 5-time PM Ranil Wickremesinghe to steady island, secure IMF bailout

Wickremesinghe, now his party's lone MP in Parliament, was sworn in once more as PM Thursday. Move seen as attempt to end protests, restore country's international credibility.

Off The Cuff with Gita Gopinath

In the latest edition of ThePrint 'Off The Cuff', Gita Gopinath, Chief Economist of the International Monetary Fund (IMF), was in conversation with our...

IMF cuts Asia-Pacific growth forecast to 6.5% on Delta variant, slow vaccine pace

IMF says much of the downgrade was due to slower growth in India, which is now forecast to expand 9.5% this year, and South East Asia, where the virus continues to wreak havoc.

Indian economy needs to fire on 4 engines to grow. But Modi govt is betting on just 2

Steep jump in medium-term growth rates, of the kind projected, needs strong private & govt investment, domestic demand & exports. Govt has bet on growth in own investment, while exports are doing well.

India set for record steel consumption as economy begins to revive

Demand for steel is expected to surge 17% to 110 mn tonnes this financial year due to rising power consumption & mining activity, and higher tractor & passenger vehicles sales.

Ready to strengthen dialogue, scale-up tech collaboration with India amid pandemic: IMF

IMF spokesperson Gerry Rice said it sees speeding vaccination campaign, providing fiscal resources to the health sector and social support as immediate policy priorities for India.

On Camera

YourTurn

Sir Ganga Ram hospital Consultants, Residents and DNB students hold placards during a protest in New Delhi, on 30 December 2021 | PTI

Distrust of Indian doctors isn’t new. Class-caste bias always ruled medical profession

As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

Representational image. A file photo of an Indian Air Force Cheetah helicopter. | Photo: Commons

IAF operation underway to rescue Italian mountaineer stranded on Mount Nun in Ladakh

The IAF deployed its ‘Cheetah’ helicopter to rescue mountaineer Federico Nicoli. Mount Nun is the second highest peak in the Zanskar Valley of Ladakh.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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