The International Monetary Fund (IMF) has cut its projection for India’s economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the “weaker-than-expected outlook” for the domestic demand. read more

According to Heng, India had a dynamic and youthful population which could give it a significant advantage, as it could propel its digital economy. read more

Deep divisions were reflected in the European Union over the IMF’s role during the financial crisis beginning in 2008, which results in mistrust between northern members of the bloc against the south. read more

The International Monetary Fund (IMF) cut its growth forecasts for the global economy for this year and the next. Global growth is forecast at 3.2 per cent in 2019, picking up to 3.5 per cent in 2020 -- 0.1 per cent point lower than in April projections... read more

“India’s economy is set to grow at 7.0 per cent in 2019, picking up to 7.2 per cent in 2020. The downward revision of 0.3 percentage point for both years reflects a weaker-than expected outlook for domestic demand,” the International Monetary Fund (IMF)... read more

Imran Khan’s government faces mounting pressure as rising prices and tough austerity policies under Pakistan’s latest bailout from the IMF are squeezing the middle class that helped carry it to power. read more

The IMF role fell vacant after current MD Christine Lagarde announced her resignation last week after she was nominated by the European Council as president of the European Central Bank. read more

To reduce cost of his US trip, Pakistan Prime Minister Imran Khan wants to stay at the official residence of his country envoy in Washington amid an austerity drive by the government to solve the cash-strapped nation’s financial woes. read more

The move was expected to further squeeze the country’s poor and middle class, which have seen their purchasing power shrink under the current reforms. read more

The IMF said in a statement the EFF-supported programme is intended to help Pakistan “reduce economic vulnerabilities and generate sustainable and balanced growth. read more

“We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,” the board said. read more

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts. read more

With this, multilateral lenders like the IMF, the World Bank and the EU may continue downgrading Pakistan, making its financial situation more precarious. read more

On Friday, Sensex slid and closed nearly 290 points lower after reports that the Indian government had decided to impose retaliatory tariffs. The fresh tension now adds to the slowdown concerns in the Indian markets. read more

Last month, Pakistan reached an accord in principle with the International Monetary Fund (IMF) for a three-year, $6 billion bailout package aimed at shoring up its fragile public finances and strengthening a slowing economy. read more