International Monetary Fund (IMF)
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IMF cuts India’s FY24 GDP forecast to 5.9%
The International Monetary Fund (IMF) has revised India's Gross Domestic Product (GDP) growth forecast for the financial year 2023-24, lowering it by 20 basis points to 5.9 percent. This latest forecast is slightly below the Reserve Bank of India's projection...
Published On April 12th, 2023 -
Pakistan receives $700 mln funds from China
Pakistan's Finance Minister Ishaq Dar said his country has received $700 million funds from the China Development Bank. The deposit comes as Pakistan has been struggling with its external debt and has barely enough dollars to cover less than three...
Published On February 25th, 2023 -
Pakistani PM approves IMF deal, Geo reports, without giving details
Pakistan’s Prime Minister Shahbaz Sharif has approved a deal with the International Monetary Fund (IMF) and all matters over the bailout programme are settled, citing sources. Cash-strapped Pakistan had been due to wrap up talks with the IMF in a...
Published On February 10th, 2023 -
Pakistan’s Inflation Rises To 48 Year High as IMF Officials Visit For Talk
Inflation has risen to a 48-year high in crisis-hit Pakistan, where the International Monetary Fund (IMF) is visiting for urgent talks, according to data released on February 1 by the country's statistics bureau. Year-on-year inflation in January 2023 was recorded...
Published On February 2nd, 2023 -
India’s Current Account Deficit Pegged at 3-3.2% of GDP in FY23
Robust domestic economic activity and an uptick in oil import bills, India’s current account deficit is expected to be 3-3.2 per cent of gross domestic product (GDP) for FY23, according to Chief Economic Advisor (CEA) V Anantha Nageswaran. Buy Prime Test Series for all Banking,...
Published On November 25th, 2022 -
Moody’s Cuts India’s Economic Growth Projections to 7% For 2022
Moody’s Investor Services has lowered India’s economic growth forecast by 70 basis points to 7 per cent for the calendar year 2022. This is in line with the downward revision of the global growth forecast. Bank Maha Pack includes Live...
Published On November 12th, 2022 -
IMF to Provide $4.5 bn Loan for Bangladesh to Combat Economic Crisis
The International Monetary Fund (IMF) provisionally agreed a $4.5-billion support programme for Bangladesh, with the country’s finance minister saying the deal would help prevent economic instability escalating into a crisis. Buy Prime Test Series for all Banking, SSC, Insurance &...
Published On November 11th, 2022 -
IMF Slashed India’s GDP growth at 6.8% from 7.4% in Current Financial Year
The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its forecast for India’s gross domestic product (GDP) growth in financial year 2022-23 (FY23) by 60 basis points (bps) to 6.8 per cent, warning of a long and tough...
Published On October 13th, 2022 -
India Surpasses UK to Become World’s 5th Largest Economy
India has surpassed Britain to become world’s fifth largest economy, Bloomberg reported. The change in ranking has pushed the United Kingdom to the sixth spot as the country continues to grapple under the brutal cost-of-living shack. The Indian economy is...
Last updated on September 6th, 2022 01:02 pm -
IMF warns Ukraine’s Economy to Shrink Up to 35% in 2022
According to the International Monetary Fund (IMF), Ukraine's economy could shrink by up to 35% in 2022 due to the effects of the war with Russia. The IMF warned Ukraine with an initial assessment, that the loss of life, damage...
Published On July 7th, 2022
