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India’s high growth rate 'positive news' for world: IMF

  • Kristalina Georgieva, managing director of the international financial institution, was speaking on the sidelines of the annual spring meeting of the IMF and the World Bank in Washington.
IMF chief Georgieva noted India's well-targeted policy mix that has helped the economy to remain resilient even with limited fiscal space.(REUTERS)
IMF chief Georgieva noted India's well-targeted policy mix that has helped the economy to remain resilient even with limited fiscal space.(REUTERS)
Published on Apr 21, 2022 07:32 AM IST
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By | Written by Shivani Kumar | Edited by Poulomi Ghosh

IMF likely to downgrade global economic estimates as Omicron threat looms large 

Omicron has spread rapidly to at least 40 countries since it was first reported in South Africa last week, officials say, and many governments have tightened travel rules to try to keep it out.
The new strain could further destabilize economies that are still emerging from Covid-19 related lockdowns and disruptions. In picture - Covid-19 testing site in Times Square, New York, US.(AP)
The new strain could further destabilize economies that are still emerging from Covid-19 related lockdowns and disruptions. In picture - Covid-19 testing site in Times Square, New York, US.(AP)
Published on Dec 04, 2021 09:30 AM IST
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Reuters | , Washington

IMF warns of 'economic collapse' unless G20 extends debt relief

  • Georgieva did not specify which economies faced a crisis, but referred simply to "low-income countries."
The World Bank estimates that debt loads in poor countries surged 12 percent to a record $860 billion in 2020 amid the pandemic.(REUTERS)
The World Bank estimates that debt loads in poor countries surged 12 percent to a record $860 billion in 2020 amid the pandemic.(REUTERS)
Published on Dec 02, 2021 10:01 PM IST
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AFP | , Hindustan Times, New Delhi

Why World Bank junked its ease of doing business rankings

According to the Doing Business 2018 report, China had a score of 65.3 with a global ranking of 78, the same notch as the previous year’s.
The World Bank is canceling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some other governments. Georgieva said she disagreed with the findings.(AP)
The World Bank is canceling a prominent report on business conditions around the world after investigators found staff members were pressured by the bank’s leaders to alter data about China and some other governments. Georgieva said she disagreed with the findings.(AP)
Updated on Sep 18, 2021 03:04 AM IST
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By, Hindustan Times, New Delhi

Why World Bank junked its ease of doing business rankings

The rankings have acquired the status of a prestige tag for emerging economies and are a key influencer of wide-ranging policies. External probe points to scam to push China and Saudi Arabia up; implicates former top officials
Representational Image. (File photo)
Representational Image. (File photo)
Updated on Sep 18, 2021 03:02 AM IST
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By, Hindustan Times, New Delhi
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Tuesday, July 05, 2022