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RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP

On the Indian economy, RBI said that the outlook remains bright owing to sustained strengthening of macroeconomic fundamentals.

In FY23, RBI's balance sheet stood at <span class='webrupee'>₹</span>63.44 lakh crore. It has now increased to 24.1 per cent of India's GDP at end of March 2024.
Updated on May 30, 2024 01:19 PM IST
By | Edited by Mallika Soni

IMF raises China's 2024 growth forecast to 5%

China should continue with economic reforms to boost productivity, level the playing field among all types of firms, IMF said.

 A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting  in Nusa Dua, Bali, Indonesia.(Reuters)
Published on May 29, 2024 08:29 AM IST
Reuters |

Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Pakistan is seeking a USD 6 billion to USD 8 billion bailout package from the global lender for three to four years, to deal with its financial crisis,

The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.(AFP)
Published on May 18, 2024 02:56 PM IST

Brazil urges additional aid after $10 Billion plan to combat floods

The Brazilian government is weighing additional measures to help combat the fallout from historic floods in the state of Rio Grande do Sul.

Military personnel help people crossing a boat from Arroio do Meio to Lajeado, over the Forquilha river(AFP)
Published on May 17, 2024 12:21 AM IST
Bloomberg |

‘Artificial intelligence hitting labour forces like a tsunami’: IMF chief

Artificial intelligence is likely to impact 60% of jobs in advanced economies and 40% of jobs around the world in the next two years, Georgieva said.

Kristalina Georgieva, managing director of the International Monetary Fund (IMF).(Bloomberg)
Published on May 14, 2024 01:45 AM IST
Reuters |
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