IMF

The IMF has approved an emergency funding of USD 206 million under its rapid finance instrument to help Sri Lanka address the urgent needs arising from the catastrophic Cyclone Ditwah and preserve macroeconomic stability. The cyclone caused widespread destruction in the island nation and left over 643 people dead. In a statement issued on Friday, the Washington-based International Monetary Fund (IMF) said the disaster has created urgent humanitarian and reconstruction needs, generating significant fiscal pressures and balance-of-payments needs. The emergency financial support provided by the IMF under the rapid finance instrument will help address these pressures, it said. The IMF added that the cyclone devastation hit when the Fifth Review of Sri Lanka's USD 2.9 billion bailout was nearing completion. Given the time needed to assess the economic impact of the cyclone and examine how an IMF-supported programme can best support Sri Lanka's recovery and reconstruction efforts while

The Indian economy is expected to record around 7 per cent growth in the current fiscal, slightly higher than 6.6 per cent projected by the IMF in October, said Gita Gopinath, former chief economist of the Washington-based International Monetary Fund. Speaking at Times Network's India Economic Conclave 2025, Gopinath said that the IMF made its projection for India's growth before the National Statistical Office (NSO) came out with its July-September quarter growth rate of 8.2 per cent. "I would say that the IMF number (India's growth projection) was 6.6 per cent that came out in October. But their forecast for the second quarter of the current fiscal, in terms of what the growth would be, was much lower than what it turned out to be at over 8 per cent. "Just doing math, I would expect that India's GDP growth would go up close to 7 per cent," she said. Earlier this month, the Reserve Bank of India raised the GDP growth projection to 7.3 per cent for the current fiscal from its earli

The government in Beijing has been far too hesitant in carrying out essential reform, and is now facing the consequences of that delay

When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

The IMF upgraded its China growth forecast for 2025 to 5%, from 4.8%, citing the production powerhouse's strong outbound shipments, also lifting its 2026 forecast to 4.5%, from 4.2%

Pakistan's population also continues to grow at a high pace, with mid-2025 official figures citing 2.55%, while World Bank data points to 1.8-1.9%

RBI deputy governor Poonam Gupta says the IMF's 'crawl-like' label is a sub-classification based on recent volatility data, and does not change India's managed-float exchange rate regime

India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012

The Fund cites declining RBI interventions but warns that India's FX restrictions and slow structural reforms could hinder long-term growth

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

India's economy is estimated to grow at 6.6 per cent in 2025-26, the International Monetary Fund said, noting that the Goods and Services Tax reforms are likely to help cushion the country from the adverse impact of the 50 per cent tariffs imposed by the US. "India's economy has continued to perform well. Following the economic growth of 6.5 per cent in fiscal year 2024/25, real GDP expanded by 7.8 per cent in the first quarter of fiscal year 2025/26," the IMF said in a statement after its Executive Board completed an annual assessment for India. The International Monetary Fund (IMF) said that looking ahead, India's ambition to become an advanced economy can be supported by advancing comprehensive structural reforms that enable higher potential growth. Despite external headwinds, growth is expected to remain robust, supported by favourable domestic conditions, it added. "Under the baseline assumption of prolonged 50 per cent US tariffs, real GDP is projected to grow at 6.6 per cent

The currency plunged to a record low on Friday after the central bank unexpectedly stepped back from defending it as firmly as before

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

After a few months of positive noises from the US and China, relations again soured after Beijing clamped down on exports of rare-earth elements that are vital to manufacturing everything

When finance ministers and central bankers gathered in Washington in April for the first of the twice-yearly meetings of the International Monetary Fund and World Bank

Banga said the World Bank was working very closely with the International Monetary Fund and others to accelerate debt restructuring under the G20 Common Framework for Debt Treatments

Trade tensions between US and China have intensified after Beijing expanded its rare earth export controls

Pakistan and the IMF on Wednesday reached a staff-level agreement (SLA) on the country's loan programmes, paving the way for Islamabad to access USD 1.2 billion, pending approval from the global lender's board. The Washington-based International Monetary Fund (IMF) will provide Pakistan with USD 1 billion under its Extended Fund Facility (EFF) and USD 200 million under its Resilience and Sustainability Facility (RSF) after approval from the fund's board. Last week, an IMF mission led by Iva Petrova concluded talks with Pakistani authorities on the second review of the EFF agreed in 2024 and the first review for the RSF climate loan agreed this year, but it left Pakistan without signing a staff-level agreement. In a statement issued early on Wednesday, Petrova stated that the staff-level agreement remained subject to approval by the IMF Executive Board. Supported by the EFF, Pakistan's economic programme is entrenching macroeconomic stability and rebuilding market confidence, she ..

The US and global economies will grow a bit more this year than previously forecast as the Trump administration's tariffs have so far proved less disruptive than expected, the International Monetary Fund said on Tuesday, though the agency also said the extensive duties still pose risks. The United States' economy will expand 2 per cent in 2025, the IMF projected in its influential semiannual forecast, the World Economic Outlook. That is slightly higher than the 1.9 per cent forecast in the IMF's last update in July and 1.8 per cent in April. The US should grow 2.1 per cent next year, also just one-tenth of a per cent faster than its previous projection, the IMF said. Its current forecasts are still down from a year ago, however, a sign that the international lending agency expects the tariffs to weaken the US economy, in part by creating more uncertainty for businesses. Last October, the IMF forecast the US would grow 2.2 per cent this year. All the projections also represent a ...

India, the World Bank said, is expected to remain the world's fastest-growing major economy, underpinned by continued strength in consumption growth