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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)

IMF projects 11.5% growth rate for India in 2021

PTI |
PUBLISHED ON JAN 26, 2021 06:58 PM IST
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.
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)

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.
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)

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.
Since the pandemic began, IMF has committed over USD 100 billion , says IMF MD(REUTERS)
Since the pandemic began, IMF has committed over USD 100 billion , says IMF MD(REUTERS)

World facing new Bretton Woods moment: IMF MD

Washington | By Press Trust of India| Posted by Ayshee Bhaduri
UPDATED ON OCT 15, 2020 05:07 PM IST
What was true at Bretton Woods, where allies at the end of World War II gathered to create the institutions that would use economic cooperation to prevent future conflicts, remains true today.
Given their heavy debt burdens, they are now struggling to maintain vital policy support. They need access to more grants, concessional credit, and debt relief, the IMF chief said.(AP)
Given their heavy debt burdens, they are now struggling to maintain vital policy support. They need access to more grants, concessional credit, and debt relief, the IMF chief said.(AP)

IMF recommends three policy priorities to overcome Covid-19 crisis

Washington | By Press Trust of India| Posted by Susmita Pakrasi
UPDATED ON OCT 14, 2020 08:14 PM IST
Releasing Global Policy Agenda at the start of the annual meetings of the International Monetary Fund (IMF) and the World Bank, Georgieva said three measures are needed to overcome the crisis and build a brighter future.
Georgieva credited the “extraordinary policy measures that put a floor under the world economy” which amounted to $12 trillion in fiscal support to households and firms.(REUTERS)
Georgieva credited the “extraordinary policy measures that put a floor under the world economy” which amounted to $12 trillion in fiscal support to households and firms.(REUTERS)

Covid-19 downturn not as bad as feared; crisis not over: IMF chief

Washington | By Agence France-Presse| Posted by Susmita Pakrasi
UPDATED ON OCT 06, 2020 07:14 PM IST
In June, the Washington-based crisis lender projected a nearly five percent contraction of global GDP, but results in the second and third quarters were better than expected.
Global contraction of coronavirus in the first of 2020 is inevitable , IMF MD Kristalina Georgieva said.(REUTERS)
Global contraction of coronavirus in the first of 2020 is inevitable , IMF MD Kristalina Georgieva said.(REUTERS)

Covid-19: A large global contraction in the first half of 2020 inevitable, says IMF

Washington | By Press Trust of India
UPDATED ON APR 18, 2020 06:47 AM IST
IMF Managing Director Kristalina Georgieva said a severe economic impact in the first half of 2020 is inevitable and the pandemic encounters weak public health systems.
Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.(Nathan G/Mint Photo)
Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago.(Nathan G/Mint Photo)

RBI ex-governor Raghuram Rajan is IMF key external advisory panel’s new member

Washington | By Press Trust of India
UPDATED ON APR 11, 2020 03:12 PM IST
IMF MD Kristalina Georgieva said that even before the spread of Covid-19 and the dramatic health, economic and financial disruptions it has brought, International Monetary Fund (IMF) members confronted a rapidly evolving world and complex policy issues.
Times Square is quiet as people jog through a rain storm during the coronavirus pandemic in New York.(AP Photo)
Times Square is quiet as people jog through a rain storm during the coronavirus pandemic in New York.(AP Photo)

Covid-19 update: World should brace for worst economic fallout since Great Depression, says IMF chief

Washington | By Agence France-Presse
UPDATED ON APR 10, 2020 08:07 AM IST
The International Monetary Fund expects “global growth will turn sharply negative in 2020,” with 170 of the fund’s 180 members experiencing a decline in per capita income, IMF chief Kristalina Georgieva said.
Kristalina Georgieva, managing director of the International Monetary Fund (IMF) said that coronavirus has disrupted the social and economic order at lightning speed and on a scale that has never been seen in living memory.(Bloomberg file photo)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF) said that coronavirus has disrupted the social and economic order at lightning speed and on a scale that has never been seen in living memory.(Bloomberg file photo)

Amid Covid-19 pandemic, IMF anticipates sharply negative economic growth fallout since the Great Depression

Washington | By Press Trust of India
UPDATED ON APR 09, 2020 05:51 PM IST
The Great Depression was the worst worldwide economic downturn that lasted for 10 years from 1929, beginning in the US when the New York Stock Exchange on Wall Street crashed and wiped out millions of investors.
India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact, IMF MD said.(Reuters File Photo)
India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact, IMF MD said.(Reuters File Photo)

Indian economy experienced abrupt slowdown, but it’s not in a recession: IMF

Washington | By Press Trust of India
UPDATED ON FEB 01, 2020 08:09 AM IST
In the medium-term, Managing Director Kristalina Georgieva said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.
Kristalina Georgieva, managing director of the International Monetary Fund (IMF)(Bloomberg photo)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF)(Bloomberg photo)

Growth slowdown in India temporary, says IMF chief

Davos | By Press Trust of India
UPDATED ON JAN 24, 2020 04:58 PM IST
Speaking here at the WEF 2020, she also said the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019.
IMF Managing Director said there has been a very strong growth in India over the last years and the IMF is projecting reasonably strong growth for the country.(Reuters Representative Image)
IMF Managing Director said there has been a very strong growth in India over the last years and the IMF is projecting reasonably strong growth for the country.(Reuters Representative Image)

India has worked on fundamentals, but problems need to be addressed: IMF

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON OCT 18, 2019 07:07 AM IST
The IMF on Tuesday trimmed India’s growth forecast by 90 basic points to 6.1 per cent. This is second downward revision in seven months and in total 120 basis points reduction. 100 basis points is equal to one percentage point.
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks during a discussion in Washington on October 8.(Bloomberg)
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks during a discussion in Washington on October 8.(Bloomberg)

Effect of global economic slowdown ‘more pronounced’ in India: IMF chief

Washington | By HT Correspondent
UPDATED ON OCT 11, 2019 06:55 AM IST
In her speech, ahead of the IMF-World Bank autumn meetings next week, Georgieva said slower growth is expected this year in nearly 90% of world economies.
Kristalina Georgieva said it is a crisis where no one is immune and everyone has a responsibility to act.(Bloomberg)
Kristalina Georgieva said it is a crisis where no one is immune and everyone has a responsibility to act.(Bloomberg)

New IMF chief says global economy suffering ‘synchronized slowdown’

Washington | By Agence France-Presse
UPDATED ON OCT 08, 2019 09:53 PM IST
Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said Tuesday.
Muzaffarpur, India - June 21,2019:Midnight seen overcrowded child suffering from Acute Encephalitis Syndrome under treatment in the ward of Sri Krishna Medical College and Hospital (SKMCH) in Muzaffarpur, India, on Friday, June 21, 2019. (Photo by Parwaz Khan / Hindustan Times)(Parwaz Khan /HT PHOTO)
Muzaffarpur, India - June 21,2019:Midnight seen overcrowded child suffering from Acute Encephalitis Syndrome under treatment in the ward of Sri Krishna Medical College and Hospital (SKMCH) in Muzaffarpur, India, on Friday, June 21, 2019. (Photo by Parwaz Khan / Hindustan Times)(Parwaz Khan /HT PHOTO)

$80 out of pocket per year: Health burden in developing nations

Hindustan Times, New Delhi | By Anonna Dutt
PUBLISHED ON JUN 28, 2019 11:18 AM IST
According to a World Bank report,
An artist’s impression of the corridor.
An artist’s impression of the corridor.

Virar-Alibaug corridor in fast lane? Maharashtra govt seeks 14,000-cr loan from World Bank

Hindustan Times | By Swapnil Rawal
UPDATED ON JUN 18, 2018 12:21 PM IST
The move comes after the CM met the World Bank CEO
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