[

international monetary fund

]

Pakistan in deep economic crisis. Here's how much financial help it requires

Pakistani authorities are now reportedly trying to make a last-ditch effort to strike a staff-level agreement with the IMF to bridge the gap of external financing requirements.
Pakistan's prime minister Imran Khan. (File Photo / REUTERS)
Pakistan's prime minister Imran Khan. (File Photo / REUTERS)
Updated on Oct 20, 2021 09:21 AM IST
Copy Link
Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

IMF hails India for ‘swift and substantial’ response to Covid-19 crisis

The IMF in its report based on "consultations" among members, however, sounded a note of caution saying that the economic outlook remains "clouded" due to pandemic-related uncertainties, contributing to both downside and upside risks.
International Monetary Fund (REUTERS)
International Monetary Fund (REUTERS)
Published on Oct 16, 2021 01:22 PM IST
Copy Link
PTI |

Finance ministers of G20 nations to meet today in Washington

According to an official statement issued by G20, the Wednesday meeting will be held as part of the International Monetary Fund (IMF)-World Bank Group (WBG) annual meetings.
Fourth G20 finance ministers and central bank governors meeting to be held on Wednesday. (Photo via G20)
Fourth G20 finance ministers and central bank governors meeting to be held on Wednesday. (Photo via G20)
Published on Oct 13, 2021 06:39 AM IST
Copy Link
Written by Joydeep Bose | Edited by Amit Chaturvedi, Hindustan Times, New Delhi

IMF warns of darkening prospects in developing countries | Growth forecast table

  • The International Monetary Fund (IMF) noted that although the global economic recovery is continuing, the fault lines opened up by the coronavirus disease (Covid-19) pandemic are looking “more persistent.”
Gita Gopinath, chief economist at the International Monetary Fund (IMF) speaks at a World Economic Outlook news conference in Washington on Tuesday.(Bloomberg)
Gita Gopinath, chief economist at the International Monetary Fund (IMF) speaks at a World Economic Outlook news conference in Washington on Tuesday.(Bloomberg)
Published on Oct 12, 2021 09:33 PM IST
Copy Link
By hindustantimes.com, Hindustan Times, New Delhi

IMF cuts China growth forecast for 2021 and 2022

  • The world's second-largest economy was the only major one to expand last year after the coronavirus pandemic forced governments across the globe to lockdown.
The downward adjustment is the IMF's second since April, when it pegged full-year growth at 8.4 percent.(AP)
The downward adjustment is the IMF's second since April, when it pegged full-year growth at 8.4 percent.(AP)
Published on Oct 12, 2021 06:57 PM IST
Copy Link
AFP |

IMF to decide 'very soon' if managing director keeps her job

IMF managing director Kristalina Georgieva is being investigated in a data manipulation case in favour of China while in a senior role at the World Bank.
IMF Managing Director Kristalina Georgieva at a news conference.(Reuters)
IMF Managing Director Kristalina Georgieva at a news conference.(Reuters)
Published on Oct 09, 2021 09:16 AM IST
Copy Link
AFP |

IMF head accused of swaying report in China's favour, risks undermined authority

Georgieva on Thursday said that she “fundamentally” disagreed with the finding -- by an outside law firm engaged by the World Bank -- that she had applied pressure on the bank’s staff to boost China’s ranking in an economic report.
In this file photo taken on May 18, 2021, International Monetary Fund Managing Director Kristalina Georgieva speaks during a joint press conference at the end of the Summit on the Financing of African Economies in Paris. (AFP)
In this file photo taken on May 18, 2021, International Monetary Fund Managing Director Kristalina Georgieva speaks during a joint press conference at the end of the Summit on the Financing of African Economies in Paris. (AFP)
Published on Sep 17, 2021 08:51 AM IST
Copy Link
Bloomberg |

IMF slashes India’s FY22 GDP outlook

  • Gita Gopinath, chief economist at the IMF, said the Delta variant is dominant around the world right now, and it has already affected IMF’s growth forecasts.
Gita Gopinath, chief economist at the International Monetary Fund (IMF) speaks at a World Economic Outlook news conference in Washington on Tuesday.(Bloomberg)
Gita Gopinath, chief economist at the International Monetary Fund (IMF) speaks at a World Economic Outlook news conference in Washington on Tuesday.(Bloomberg)
Updated on Jul 28, 2021 04:37 AM IST
Copy Link
By Asit Ranjan Mishra, New Delhi

IMF cuts India's growth forecast to 9.5% from 12.5% for FY 2021-22

  • IMF’s chief economist Gita Gopinath said lack of access to vaccines and renewed waves of Covid-19 cases in some countries, notably India, have led to downgrades.
Gita Gopinath, chief economist at the International Monetary Fund (IMF).(Bloomberg)
Gita Gopinath, chief economist at the International Monetary Fund (IMF).(Bloomberg)
Published on Jul 27, 2021 06:56 PM IST
Copy Link
By hindustantimes.com | Edited by Kunal Gaurav, Hindustan Times, New Delhi

IMF unveils $50 billion proposal to end Covid-19 pandemic by mid-2022

  • The plan calls for upfront financing, vaccine donations and moves to ensure free cross-border flows of raw materials and finished vaccines, as well as some $8 billion in investments to diversify and increase vaccine production capacity worldwide.
The IMF projected some 1 billion doses could be donated this year even if countries prioritized their own populations AP(AP)
The IMF projected some 1 billion doses could be donated this year even if countries prioritized their own populations AP(AP)
Published on May 21, 2021 06:32 PM IST
Copy Link
Reuters | , Washington

IMF quota review: Sitharaman pushes for greater coordination among BRICS nations

The finance minister pointed out the need of BRICS nations to respond to the COVID-19 crisis through policy support and enhanced international coordination.
Finance Minister Nirmala Sitharaman during a virtual meeting of BRICS finance ministers and central bank governors meeting in New Delhi. (ANI Photo)
Finance Minister Nirmala Sitharaman during a virtual meeting of BRICS finance ministers and central bank governors meeting in New Delhi. (ANI Photo)
Published on Apr 06, 2021 10:20 PM IST
Copy Link
PTI | , New Delhi

IMF raises China's 2021 growth forecast to 8.4%, marking 10-year high

  • Chinese economy has enjoyed strong rebound since lockdowns were lifted in the country.
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)
Sparks fly up as a worker produces engineering equipment for export at a factory in Nantong in China's eastern Jiangsu province. (AFP)
Published on Apr 06, 2021 06:25 PM IST
Copy Link
AFP |

IMF projects India's growth rate to jump to 12.5 per cent in 2021

Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
IMF has projected 12.5 per cent growth rate for India in 2021.(File photo)
IMF has projected 12.5 per cent growth rate for India in 2021.(File photo)
Updated on Apr 06, 2021 06:24 PM IST
Copy Link
PTI | , Washington

US Dollar’s share of global currency reserves sinks to lowest since 1995

The slide came in a quarter when a gauge of the greenback fell the most since 2010, and amid questions about how long the dollar can maintain its status as the pre-eminent reserve currency.
With its rebound this year, the dollar is heading for its best quarterly performance in a year, up by 2.8%.(Reuters)
With its rebound this year, the dollar is heading for its best quarterly performance in a year, up by 2.8%.(Reuters)
Published on Apr 01, 2021 12:56 AM IST
Copy Link
Bloomberg | | Posted by Srivatsan K C

Debt crisis threatens developing nations, says World Bank head

World Bank President David Malpass spoke before the start of a meeting of finance ministers and central bankers from the Group of 20 biggest economies on Friday.
World Bank President David Malpass said “a prominent risk for some of the countries at the bottom, and that has to do with the difficulty of getting new investment,”(Reuters)
World Bank President David Malpass said “a prominent risk for some of the countries at the bottom, and that has to do with the difficulty of getting new investment,”(Reuters)
Published on Feb 25, 2021 08:19 PM IST
Copy Link
Bloomberg |

Strong G20 action to reverse 'dangerous divergence' in global economy: IMF chief

IMF Managing Director Kristalina Georgieva said "much stronger international collaboration" was needed to accelerate the rollout of Covid-19 vaccines in poorer countries
FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse/File Photo(REUTERS)
FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse/File Photo(REUTERS)
Published on Feb 24, 2021 07:59 PM IST
Copy Link
Reuters | , Washington

India’s new agri laws have potential to raise farm income: IMF's Gita Gopinath

There are multiple areas where the reforms are needed, including infrastructure, the Chief Economist of the Washington-based global financial institution said on Tuesday.
Gopinath, in response to a question on the new farm laws, said: “These particular farm laws were in the area of marketing.
Gopinath, in response to a question on the new farm laws, said: “These particular farm laws were in the area of marketing."(File photo)
Published on Jan 27, 2021 11:24 PM IST
Copy Link
PTI | , Washington

India’s economy to shrink by 8% in FY’21, says IMF

  • India’s September quarter GDP estimate, at -7.5% after -23.9% in the June quarter, positively surprised analysts.
The FY21 upgrade for India is because mobility came back much faster than expected. (HT Archive)
The FY21 upgrade for India is because mobility came back much faster than expected. (HT Archive)
Published on Jan 27, 2021 05:37 AM IST
Copy Link
By Asit Ranjan Mishra, Livemint, New Delhi

IMF projects 11.5% growth rate for India in 2021

In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This makes India the only major economy of the world to register a double-digit growth in 2021, it said.
Early this month, IMF Managing Director Kristalina Georgieva had said that India “actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with the economic consequences of it”.(Reuters)
Early this month, IMF Managing Director Kristalina Georgieva had said that India “actually has taken very decisive action, very decisive steps to deal with the pandemic and to deal with the economic consequences of it”.(Reuters)
Published on Jan 26, 2021 06:58 PM IST
Copy Link
PTI | , Washington

World’s economic recovery gets delayed by slow vaccine rollouts

  • Double-dip recessions are now expected in Japan, the euro area and UK as restrictions to curb the virus’s spread are enforced. Record cases in the US are dragging on retail spending and hiring, prompting President Joe Biden’s new administration to seek an extra $1.9 trillion fiscal stimulus.
The US, Britain, and European Union are delivering vaccines, setting up a scenario where some parts of the world reach herd immunity while others lag, hurting poorer economies.(AP)
The US, Britain, and European Union are delivering vaccines, setting up a scenario where some parts of the world reach herd immunity while others lag, hurting poorer economies.(AP)
Published on Jan 24, 2021 06:12 PM IST
Copy Link
Bloomberg |

Covid-19 could disrupt global recovery, says IMF director

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.
Dr. Rafik Abdou checks on a Covid-19 patient at Providence Holy Cross Medical Center in the Mission Hills section of Los Angeles, Thursday.(AP File Photo)
Dr. Rafik Abdou checks on a Covid-19 patient at Providence Holy Cross Medical Center in the Mission Hills section of Los Angeles, Thursday.(AP File Photo)
Published on Nov 20, 2020 07:16 AM IST
Copy Link
Washington | By Associated Press | Posted by Kanishka Sarkar

IMF tells Britain to keep spending to fend off coronavirus crisis

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 Managing Director Kristalina Georgieva said the Bank of England should continue to keep monetary policy accommodative(Reuters)
IMF Managing Director Kristalina Georgieva said the Bank of England should continue to keep monetary policy accommodative(Reuters)
Published on Oct 29, 2020 11:00 PM IST
Copy Link
London | By Reuters | Posted by Ayshee Bhaduri

Forex reserves up by $3.618 billion to record $545.638 billion

The country’s reserve position with the IMF was also up by $23 million to $4.631 billion during the reporting week, the data showed.
Currency seen at a forex bureau counter in New Delhi.(PTI File Photo)
Currency seen at a forex bureau counter in New Delhi.(PTI File Photo)
Published on Oct 09, 2020 07:04 PM IST
Copy Link
Mumbai | By Press Trust of India | Posted by Kanishka Sarkar

$3.2 billion oil deal between Pakistan, Saudi expires; Islamabad urges renewal

The $3.2 billion Saudi oil facility was part of the $6.2-billion Saudi Arabian package announced in November 2018 to ease Pakistan’s external sector woes, the Express Tribune reported on Friday.
Petroleum Division spokesperson Sajid Qazi said the agreement expired in May and efforts are being made by the Finance Division to renew the facility.(REUTERS)
Petroleum Division spokesperson Sajid Qazi said the agreement expired in May and efforts are being made by the Finance Division to renew the facility.(REUTERS)
Updated on Aug 08, 2020 04:55 PM IST
Copy Link
Islamabad | By Press Trust of India | Posted by Prashasti Singh

Firms stressed, have little appetite for loans: Industry

The Confederation of Indian Industry (CII) said economic uncertainties were hampering the industry’s ability to plan for future, while the Associated Chambers of Commerce and Industry of India (Assocham) said companies were hesitant to take credit risk in these circumstances.
Barring a few, most of the sectors witnessed de-growth in credit deployment with construction witnessing 3.7% contraction, gems and jewellery (-3.7%), and leather and leather products (-4.4%).(Getty Images/iStockphoto)
Barring a few, most of the sectors witnessed de-growth in credit deployment with construction witnessing 3.7% contraction, gems and jewellery (-3.7%), and leather and leather products (-4.4%).(Getty Images/iStockphoto)
Updated on Jul 29, 2020 06:31 AM IST
Copy Link
Hindustan Times, New Delhi | By Rajeev Jayaswal

Forex reserves hit fresh all-time high, touch USD 513.25 bn

The reserves had crossed the half-a-trillion dollar mark for the first time in the week ended June 5 after it had increased USD 8.22 billion and reached USD 501.70 billion.
In the previous week ended Jun 26, the reserves had increased by USD 1.27 billion to USD 506.84 billion.(PTI)
In the previous week ended Jun 26, the reserves had increased by USD 1.27 billion to USD 506.84 billion.(PTI)
Updated on Jul 10, 2020 06:26 PM IST
Copy Link
New Delhi, Delhi | By Press Trust of India | Posted by Shivani Kumar

How India has responded to the global pandemic, writes Harsh Vardhan Shringla

Whether in diplomacy or economy, whether in society or policymaking, we have been learning new lessons
India has been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority(ANI)
India has been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority(ANI)
Updated on Jul 08, 2020 07:50 AM IST
Copy Link
By Harsh Vardhan Shringla

World Bank warns of drop in Indian GDP due to Covid-19 pandemic

Owing to the worldwide Covid-19 outbreak, advanced economies will see growth falling 7% in 2020, while emerging economies as a group, which includes India, will see a growth decline of 2.5% this year, the World bank has said.
Workers in one of the cycle manufacturing units in Ludhiana.(JS Grewal/HT File Photo)
Workers in one of the cycle manufacturing units in Ludhiana.(JS Grewal/HT File Photo)
Updated on Jun 09, 2020 12:19 AM IST
Copy Link
Hindustan Times, New Delhi | By Zia Haq

IMF says banks to face profitability challenge through 2025

The fund said that policy makers will need to strike the right balance between policies that preserve financial stability, maintain the soundness of institutions and support economic growth.
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia.(REUTERS)
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia.(REUTERS)
Published on May 22, 2020 11:09 PM IST
Copy Link
By Bloomberg

Will back Chile’s request for $23.8 billion flexible credit line, says IMF

The IMF’s executive board discussed Chile’s request during an informal session on Tuesday, and Managing Director Kristalina Georgieva would endorse the step when the board meets to take a formal decision in coming weeks.
IMF MD said the organisation would recommend approval of Chile’s request for a two-year, $23.8 billion flexible credit line(Reuters file photo)
IMF MD said the organisation would recommend approval of Chile’s request for a two-year, $23.8 billion flexible credit line(Reuters file photo)
Published on May 13, 2020 05:55 AM IST
Copy Link
Washington | By Reuters | Posted by: Prashasti Singh
SHARE
  • 1
  • 2
  • 3
  • ...
Story Saved
×
Saved Articles
My Reads
Sign out
New Delhi 0C
Sunday, October 24, 2021