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IMF welcomes India’s efforts in making Covid-19 vaccinations accessible
By hindustantimes.com | Written by Srivatsan K C, Hindustan Times, New Delhi
PUBLISHED ON JUN 10, 2021 10:59 PM IST
During his fortnightly news conference, IMF’s spokesperson Gerry Rice said that the IMF “strongly welcomed” the government’s announcement to enable access to vaccinations.
IMF sees risks after El Salvador makes Bitcoin legal tender
Bloomberg |
PUBLISHED ON JUN 10, 2021 08:40 PM IST
El Salvador’s congress approved a law this week requiring businesses to accept Bitcoin in exchange for goods and services.
IMF, World Bank ask G7 to release surplus Covid-19 vaccines
Reuters | , Washington
PUBLISHED ON JUN 04, 2021 01:34 AM IST
In a joint statement to the G7, IMF Managing Director Kristalina Georgieva and World Bank President David Malpass also called on governments, pharmaceutical companies and groups involved in vaccine procurement to boost transparency about contracting, financing and deliveries.
Covid crisis in India a warning of possible events in other countries: IMF
PTI | , Washington
PUBLISHED ON MAY 22, 2021 10:49 AM IST
A report co-authored by International Monetary Fund economist Ruchir Agarwal and its Chief Economist Gita Gopinath said that under the business-as-usual scenario, the vaccine coverage in India is expected to remain under 35 per cent of the population by the end of 2021.
With RBI keeping interest rates on hold, quantitative easing to unfold: Fitch
ANI | , Singapore
UPDATED ON APR 10, 2021 01:31 PM IST
This comes on the back of RBI pledging to buy up to ₹1 lakh crore of bonds in Q1 of FY22 to cap borrowing costs and to support the economy's recovery.
Faster global growth driven primarily by US, China, India: World Bank president
PTI | , Washington
UPDATED ON APR 08, 2021 07:06 AM IST
World Bank president David Malpass said here is also the concern of inequality in terms of vaccinations and median income that's not going up very fast for some countries.
India's economy on path of gradual recovery: IMF
PTI | , Washington
PUBLISHED ON MAR 26, 2021 07:56 AM IST
“India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020," IMF’s spokesperson Gerry Rice said.
IMF says Covid-19 might widen wealth differences in Europe
Reuters |
PUBLISHED ON FEB 22, 2021 08:42 PM IST
Economists have warned that such divergence would make the economic management of the EU, including the monetary policy of the European Central Bank more difficult and would increase the risk of crises down the road.
IMF, Pakistan reach agreement to release around USD 500 million
PTI | , Islamabad
UPDATED ON FEB 16, 2021 10:47 PM IST
The IMF had agreed in 2019 to provide Pakistan USD 6 billion under a 39-month Extended Fund Facility (EFF) arrangement but it was disrupted due to Covid-19 pandemic last year.
Four charts on the state of the Indian economy
By Roshan Kishore, New Delhi
UPDATED ON FEB 08, 2021 04:38 AM IST
- While the MPC has projected real GDP growth at 10.5% in 2021-22, the Budget assumes nominal growth of 14.4%. What exactly is the state of the Indian economy?
India said to forecast 11% growth buoyed by Covid-19 vaccine roll out
Bloomberg |
PUBLISHED ON JAN 28, 2021 09:39 PM IST
The forecast for next year is in line with the International Monetary Fund’s estimate for 11.5% expansion, which will once again make India the fastest-growing major economy in the world ahead of China’s 8.1% pace.
India needs bold policy response to secure robust economic recovery, says IMF
PTI | , Washington
PUBLISHED ON JAN 28, 2021 06:52 PM IST
The upward revision for FY21/22 to double-digit growth reflects carryover from a stronger-than-expected recovery in 2020.
IMF favours extension of pandemic support, thrust on infra investment in Budget
PTI |
PUBLISHED ON JAN 27, 2021 03:32 PM IST
On Tuesday, the IMF projected an impressive 11.5% growth rate for India in 2021. While this is attributable to the stronger than expected recovery, Gopinath said India still has some distance to go.
Covid-19: IMF says pandemic hit global economy projected to grow at 5.5% in 2021
PTI | , Washington
PUBLISHED ON JAN 26, 2021 07:55 PM IST
"We project global growth for 2021 at 5.5 per cent, 0.3 percentage point higher than our October forecast, moderating to 4.2 per cent in 2022,” said Gita Gopinath, Chief Economist of the IMF.
World’s economic recovery delayed by slow vaccine rollouts
Bloomberg |
PUBLISHED ON JAN 24, 2021 11:06 PM IST
The World Bank already this month trimmed its prediction to 4% in 2021 and the International Monetary Fund will this week update its own outlook.
Farm bills have potential but cannot ignore those adversely affected: IMF
PTI | , Washington
UPDATED ON JAN 16, 2021 05:55 AM IST
There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.
India took 'very decisive' steps to deal with Covid, economic impact: IMF chief
PTI | By hindustantimes.com, Washington
PUBLISHED ON JAN 15, 2021 12:37 PM IST
The International Monetary Fund is scheduled to release its World Economic Update on January 26.
Farm laws can be a 'significant step', but protect those adversely impacted: IMF
PTI | , Washington
UPDATED ON JAN 15, 2021 11:01 AM IST
Gerry Rice, Director of Communications at the International Monetary Fund (IMF), said the new measures will reduce the role of the middlemen and enhance efficiency.
Covid-19 could push number of people living in extreme poverty to over 1 billion by 2030: UN
United Nations | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON DEC 06, 2020 11:00 AM IST
The ‘High Damage’ scenario anticipates that 80 per cent of the Covid-induced economic crisis would persist in 10 years’ time due to loss in productivity, preventing a full recovery to the growth trajectory seen before the pandemic.
At UN Covid meet, cash-strapped Pak PM Imran Khan seeks debt relief
Hindustan Times, Islamabad | By Imtiaz Ahmad
UPDATED ON DEC 04, 2020 11:06 PM IST
Addressing a session of the United Nations General Assembly on the response to the pandemic, Imran Khan pleaded on behalf of the developing countries for financial respite.
Indian economy is gradually recovering: IMF
Washington | By Press Trust of India | Posted by Shivani Kumar
UPDATED ON DEC 03, 2020 10:19 PM IST
India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand.
Covid-19 could disrupt global recovery, says IMF director
Washington | By Associated Press | Posted by Kanishka Sarkar
PUBLISHED ON NOV 20, 2020 07:16 AM IST
Last month, the IMF forecast that the global economy would contract by an historic 4.4% this year and then mount a partial and uneven recovery, with global growth rebounding by 5.2% next year.
Global economy recovery from the coronavirus‘remains difficult’: IMF chief
Washington | By Reuters | Posted by Ayshee Bhaduri
UPDATED ON NOV 19, 2020 07:02 PM IST
In a blog post, IMF Managing Director Kristalina Georgieva hailed what she called significant progress in the development of vaccines, but she cautioned that the economic path ahead remains “difficult and prone to setbacks.”
IMF programme for Pakistan unlikely to be back on track soon
Islamabad | By Press Trust of India | Posted by Ayshee Bhaduri
UPDATED ON NOV 13, 2020 06:35 PM IST
The IMF Executive board approved a three-year, USD 6 billion loan package for Pakistan in July last year. However, the programme has been in limbo since January this year and a second quarterly review of the 39-month facility could not be completed
IMF eyes new relationship with biggest shareholder after Biden win
Washington | By Reuters| Posted by: Harshit Sabarwal
UPDATED ON NOV 12, 2020 09:24 AM IST
IMF Managing Director Kristalina Georgieva sent “personal” letters to President-elect Biden and running mate Kamala Harris this week, an IMF spokesman told Reuters, without providing any details about their contents.
IMF tells Britain to keep spending to fend off coronavirus crisis
London | By Reuters | Posted by Ayshee Bhaduri
PUBLISHED ON OCT 29, 2020 11:00 PM IST
The IMF has estimated that Britain is on course to rack up a budget deficit of 16.5 per cent of gross domestic product this year, dwarfing the damage wrought on the country’s public finances by the global financial crisis.
IMF urges bank regulators to extend curbs on dividends, buybacks
By Bloomberg| Posted by: Harshit Sabarwal
UPDATED ON OCT 24, 2020 09:14 PM IST
Bank regulators should also act faster to roll back temporary relief measures that undermine the reliability of financial statements, or tweak global capital rules, even as other measures supporting the financial system remain in place, the IMF said in a new section of its semi-annual Global Financial Stability Report, released Friday.
IMF says Asia faces long recovery slog even as China grows
Asia-Pacific | By Bloomberg| Posted by Ayshee Bhaduri
PUBLISHED ON OCT 22, 2020 09:19 AM IST
The IMF’s downbeat outlook for Asia underscores how hard the road to recovery will be even in a region that drives global growth and where,in countries like China and South Korea,the virus has largely been contained
The IMF has a blueprint for helping the climate without hurting economic growth
By Bloomberg | Posted by Jahnavi Gupta
UPDATED ON OCT 17, 2020 07:30 PM IST
While the rest of the climate and energy world was poring over a different World Energy Outlook — the IMF’s comprehensive assessment of what the energy transition will mean for economies was relatively overlooked.
The IMF has a blueprint for helping the climate without hurting economic growth
By Bloomberg | Posted by Arpan Rai
PUBLISHED ON OCT 17, 2020 03:09 PM IST
The IMF’s new approach might herald a tipping point not just in the institution’s thinking about climate change, but the mainstream views of economics and policy making.