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Global Energy Prices To Affect Indian Economy: IMF MD

Economy

The head of the International Monetary Fund (IMF), during a media round table on Thursday on the Russian invasion of Ukraine, told a select group of reporters that the most significant channel of impact on the Indian economy is energy prices

Pakistan Refuses IMF's Proposal To Renegotiate Loan Fearing New Conditions

BW Online Bureau

Companies & Markets

Pakistan and the IMF had signed a USD 6 billion deal in July 2019 but the programme was derailed in January 2020 and restored briefly in March, 2021 before again going off the track in June, 2021.

Economist Gita Gopinath To Return To Academics

BW Online Bureau

World

Gopinath is IMF’s first female chief economist. She is known for drafting a $50 billion proposal on ending the pandemic through vaccinations. She led the analytical research at IMF on issues like climate change and Covid-19 pandemic.

India Doing Well In Terms Of Vaccinating People, Says International Monetary Fund

BW Online Bureau

Health

According to the latest WEO update, released ahead of the annual meeting of the IMF and the World Bank, India’s economy which contracted by 7.

IMF Head Meets With Board Probing Data-Rigging Allegations

BW Online Bureau

Companies & Markets

The IMF is investigating allegations that in 2018 World Bank employees were pressured to alter data affecting its business-climate rankings of China and other nations.

IMF Reduces Global GDP Growth Forecast For 2021

BW Online Bureau

Economy

According to IMF Chief, Kristalina Georgieva, the reasons include debt, inflation and divergent economic trends in the wake of COVID-19 pandemic. Inequality with respect to the availability of vaccines also poses a threat to the growth of the global economy.

Forex Reserves Decline USD 4 Bn To USD 603.93 Bn On Slide In Gold Assets

BW Online Bureau

Companies & Markets Sector Reports

The country's reserve position with the IMF also decreased by USD 46 million to USD 4.965 billion in the reporting week

Indian Economist Kalpana Kochhar To Retire From IMF Next Month

BW Online Bureau

Economy India

Kochhar oversaw the Fund’s HR policies and the recruitment and retention of more than 4,000 IMF employees from nearly 150 countries based in Washington, DC, and in overseas offices.

Big Economies Agree To Boost IMF Funding, Georgieva Says

BW Online Bureau

Economy

G20 finance officials on Friday expressed broad support for boosting the IMF's emergency reserves after new U.S. Treasury Secretary Janet Yellen dropped the opposition of her predecessor

IMF To Roll Out New Method To Judge Debt Sustainability

BW Online Bureau

Companies & Markets

The new methodology also aims to better assess a country's ability to service its gross financing needs, through liquid resources, potential new revenue streams, and the robustness of its domestic financing markets, said Manrique Saenz, a deputy division chief in the Strategy, Policy and Review Department.

IMF says India will reclaim status of world's fastest-growing economy, projects 11.5 pc growth

ANI

IMF says India will reclaim status of world's fastest-growing economy, projects 11.5 pc growth

IMF To Intensify Focus On Climate Change's Economic Impact, Georgieva

BW Online Bureau

Economy India

The Fund is also integrating climate factors into its annual economic country assessments, also known as Article IV consultations, focusing on adaptation in highly vulnerable countries, and carbon pricing in its assessment of large emitters, Georgieva said.

IMF Eyes New Relationship With Biggest Shareholder After Biden Win

BW Online Bureau

Economy

Georgieva has also run into resistance in her push for the G20 to look beyond a debt freeze for the poorest countries to include heavily-indebted small island states and other countries hit hard by the pandemic and the collapse of tourism.