International Monetary Fund
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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 to Setback from 6.8 pc in 2022 to 6.1 pc in 2023, says IMF
The International Monetary Fund (IMF) has informed it is expecting some setbacks in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. The IMF has released...
Published On January 31st, 2023 -
IMF Bailout, India to back Sri Lanka’s Debt Restructuring Plan
India will support Sri Lanka’s debt restructuring plan as the island nation looks to trim its huge public expenditure to win approval for a crucial bailout from the International Monetary Fund. India formally notified that it would support Sri Lanka’s...
Published On January 18th, 2023 -
Ex-Chief Economic Advisor Arvind Virmani named as full-time member of NITI Aayog
Former Chief Economic Advisor, Arvind Virmani has been appointed as a full time member of NITI Aayog. The other existing Members of NITI Aayog are VK Saraswat, Ramesh Chand and VK Paul. While Suman Bery is the Vice Chairman of...
Published On November 17th, 2022 -
Dr Bimal Jalan authored a book titled “From dependence to SelfReliance”
Economist Dr Bimal Jalan authored the book “From dependence to SelfReliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights. The book is written lucidly, with the general reader in...
Published On October 26th, 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 -
IMF To Extend 2.9 Billion $ To Sri Lanka
Bankrupt Sri Lanka agreed a conditional $2.9 billion bailout with International Monetary Fund negotiators, as the island nation seeks to overcome a bruising economic crisis that saw its president flee the country. Months of acute food, fuel and medicine shortages, extended...
Published On September 2nd, 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 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 -
Pierre-Olivier Gourinchas appointed as next IMF’s Chief Economist
French-born economist Pierre-Olivier Gourinchas has been named as the next chief economist of the International Monetary Fund (IMF). He will succeed Gita Gopinath, the first woman to serve as the Fund’s chief economist. He will take over as first deputy...
Published On January 12th, 2022
