IMF
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Pakistan’s economic crisis: Hajj quota given up to Saudi Arabia
Pakistan's Economic Crisis: Hajj quota given up to Saudi Arabia For the first time in 75 years, Pakistan has made the decision to surrender its Hajj quota to Saudi Arabia. This move was prompted by the rising inflation in the...
Published On May 10th, 2023 -
Indian economy would expand near by 6% this fiscal year, IMF forecasts
Indian Economic Growth: International Monetary Fund (IMF) Report The International Monetary Fund (IMF) has predicted that India will be the world's fastest-growing economy, despite facing significant challenges such as financial turbulence, inflationary pressures, the impact of the Russia-Ukraine conflict, and...
Published On April 28th, 2023 -
India’s forex reserves fall $2.40 billion to 3-month low of $560 billion
According to data from the Reserve Bank of India, the country's foreign exchange reserves declined by $2.397 billion to $560 billion as of March 10, 2023. This marks a three-month low for India's foreign exchange reserves after they had increased...
Published On March 17th, 2023 -
IMF decreases FY23 India’s GDP growth forecast to 6.8%
IMF decreases FY23 India's GDP growth forecast: In light of lower-than-anticipated output in the second quarter and more sluggish external demand, the International Monetary Fund (IMF) reduced India's growth prediction for FY23 from 7.4% forecasted in July to 6.8%. India's...
Published On December 24th, 2022 -
IMF Forecast: Global GDP Growth to drop, India’s inflation to drop by 4% next year
International Monetary Fund, IMF Forecast: The International Monetary Fund made predictions that India's global growth will drop from 6% in 2021 to 3.2 % in 2022 and 2.7 % in 2023. With the exception of the global financial crisis and...
Published On October 12th, 2022 -
GoI named former CEA K Subramanian as Executive Director for India at IMF
Former Chief Economic Adviser, KV Subramanian was appointed as the Executive Director for India at the International Monetary Fund (IMF). His term will begin from November and will continue for a period of three years or until further orders, whichever...
Published On August 26th, 2022 -
IMF Signed Extended Fund Facility(EFF) With Pakistan
IMF(International Monetary Fund) provides assistance to countries experiencing serious payment imbalances because of structural impediments or slow growth and an inherently weak balance-of-payments position. Buy Prime Test Series for all Banking, SSC, Insurance & other exams IMF's Extended Fund Facility:...
Published On August 1st, 2022 -
IMF cuts Indian economic growth forecast by 80 bps to 7.4%
The International Monetary Fund (IMF) has slashed India’s growth forecast for 2022-23 (FY23) by 80 basis points to 7.4 per cent from 8.2%, citing less favourable external conditions and rapid policy tightening by the central bank. However, despite the growth...
Published On July 27th, 2022
