Page 17 - Imf

Interest rates may fall to pre-Covid levels in advanced economies: IMF

The IMF did not say, however, exactly when interest rates were set to fall back to lower levels

LIVE: SBI likely to raise $2 bn via offshore funds, board to meet on Apr18

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FM Nirmala Sitharaman arrives in Washington to attend IMF, WB meetings

Finance Minister Nirmala Sitharaman arrived here to attend the annual spring meetings of the IMF and the World Bank and lead the G-20 countries in a series of intense interactions over a host of issues facing the world. Sitharaman, who is leading a high-powered delegation, is scheduled to kick off her public engagements on Monday from the prestigious Peterson Institute for International Economics by speaking on resilience and growth of the Indian economy and interacting with the think-tank community. Among key engagements of the finance minister here include, spring Meetings of International Monetary Fund and the World Bank; hosting the Second G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under India's G20 Presidency and G20-related side events; World Bank Development Committee and IMF Committee Plenaries, interaction with global economists and think-tanks, bilateral engagements and interaction with global business leaders and investors in roundtables. Sitharaman

World Bank, IMF chiefs to discuss complex challenges facing global economy

Three years since the pandemic started, uncertainties and risks still weigh heavily on the global economy, according to the World Bank

How reward-driven are top-level appointments to World Bank and IMF?

Opinion is divided on the issue, with one section of experts and seasoned politicians claiming meritocracy isn't always at play, while another puts the choice down to plain pragmatism

Top headlines: Change in semiconductor scheme, price caps on gas and more

Business Standard brings you the top headlines at this hour

India, China to account for half of global economic growth: IMF chief

The IMF chief on Thursday said that the world economy is expected to grow at less than 3 per cent this year, with India and China expected to account for half of global growth in 2023. International Monetary Fund (IMF) managing director Kristalina Georgieva warned that a sharp slowdown in the world economy last year following the raging pandemic and Russia's military invasion of Ukraine would continue this year. The period of slower economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades," she said. Some momentum comes from emerging economies Asia especially is a bright spot. India and China are expected to account for half of global growth in 2023. But others face a steeper climb, she explained. After a strong recovery in 2021 came the severe shock of Russia's war in Ukraine and its wide-ranging consequences global

SL to finalise negotiations with creditors before 1st review of IMF bailout

Sri Lanka has received the first tranche of about $330 million from the IMF, and this has not only eased liquidity conditions in the domestic foreign currency market

India has built a world-class digital public infrastructure, says IMF

The IMF paper said that a set of enabling policies in the financial and telecommunications sector also supported the uptake of India Stack

Pakistan raises benchmark interest rate by 100 bps as IMF Loan in Limbo

The overall balance of payments position continues to remain under stress, with foreign exchange reserves still at low levels, the central bank said

Sri Lanka key rate 2-decade high at 16.5% after clinching IMF loan

The Central Bank of Sri Lanka kept the standing lending facility rate unchanged at 16.5%, according to a statement on its website on Tuesday

Ukraine receives first tranche of $2.7 billion financial aid from IMF

Ukraine has received the first tranche of USD 2.7 billion from a new International Monetary Fund (IMF) EEF program, CNN reported quoting Ukrainian Finance Minister Sergii Marchenko

Currency dealers offer $24 bn in loans to Pak to stay away from IMF package

Currency dealers in open market in Pak have offered loans of $24 billion to the government for the next two years to help it stay away from the International Monetary Fund (IMF) programme

Any major assistance to Lebanon depends on the IMF deal: European Union

A European Union official visiting Lebanon said on Friday that the international body will increase its humanitarian assistance to the crisis-struck country, but that more significant long-term aid depends on reforms and a deal with the International Monetary Fund. EU Commissioner for Crisis Management Janez Lenarcic said at a press conference following his two-day visit that the EU will provide 60 million euros (more than USD 65 million) in humanitarian assistance to Lebanon in 2023, a 20 per cent increase from last year. But he warned that such aid is "not a sustainable long-term solution to the massive financial crisis that has left three-quarters of Lebanon's population of 6 million in poverty. To get out of the crisis, he said, Lebanon needs to elect a president -- which would resolve a presidential vacuum that has dragged on for five months - and to ink a deal with the IMF, which he said would unlock substantial financial support also from the European Union that should help .

Saudi Arabia signals readiness to provide more credit to Pakistan

Pakistan claimed that it received an indication from Saudi Arabia for additional loans that may help to break gridlock with the International Monetary Fund (IMF)

Supporting Ukraine

New IMF loan raises questions

Where in the world is the IMF?

It is not a central player today as the world deals with inflation and financial instability and countries hurtle towards debt crisis. It must be revamped and strengthened to play that role

G-20 sets up an expert panel on multilateral institution reforms

NK Singh, Larry Summers to head the expert group

Global financial stability at risk from banking turmoil: IMF chief

Adding to a growing chorus of warnings from economic leaders, the IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank

World may split into rival economic blocs, it'll make all poorer: IMF chief

The IMF predicted growth of 2.9 per cent this year, and will release new forecasts next month