Page 13 - Imf

Will distribute 'Special Drawing Rights' to member countries by Aug: IMF MD

IMF Managing Director Kristalina Georgieva said she is "confident" the financial organisation will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August

Higher rates offset by positive US spillovers: IMF chief economist Gopinath

She told a Peterson Institute for International Economics event that the better outlook is increasing demand for exports from many countries

IMF paints a rosy picture, says Asia's economy to grow 7.6% in 2021

The IMF expects Asia's economy to grow 5.4 per cent in 2022

India must capture all segments of financial market to fuel growth: IMF

India is on the right track and is innovating on the policy side, but the country needs to capture all the segments of the financial market to fuel growth in the country, according to IMF official

India needs to grow faster to make up for contraction during Covid-19: IMF

India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight%

IMF, World Bank urged to ensure timely delivery of Covid-19 vaccines

Asserting that the effects of the pandemic will be felt for years, the IMF and the World Bank have been urged to ensure timely delivery of safe and effective vaccines across all countries

Pakistan's economic endurance hinges on China despite IMF loan: Report

Pakistan is set to meet a dozen conditions in six months to stay in the $6 billion IMF programme, but the cash-strapped country's economic endurance still hinges on a $11 billion lifeline from China

Covid-19: IMF policy panel endorses $650 billion increase in resources

IMF has authorised a $650 billion expansion of the 190-nation lending institution's resources with the aim of providing more support for vulnerable countries as they battle the coronavirus pandemic

India's debt-to-GDP rose to 90% during Covid-19 pandemic, says IMF

In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. It avoided falls on the scale of the great depression.

World Bank, IMF eye ways to link debt relief to climate change spending

Source said planning was still in the early stages, but the goal was to launch the platform late in 2021, with a secretariat to be hosted at the World Bank

Recovery underway after worst global recession since World War II: IMF MD

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway

IMF lifts China's GDP to 8.4%, but Gopinath says growth unbalanced

The IMF increased China's GDP projection to 8.4% for this year, a 10-year high, but chief economist Gita Gopinath cautioned that economic growth in the world's second largest economy was unbalanced

Covid leaving complex legacies that will need to be tackled: IMF official

The Covid-19 pandemic is leaving behind complex legacies that will need to be tackled, a top IMF official said on Wednesday

Evidence of normalisation of economic activity in India, says Gita Gopinath

In its annual World Economic Outlook, the Washington-based global financial institution said that the Indian economy is expected to grow by 6.9% in 2022

IMF favours global minimum corporate tax: Chief economist Gita Gopinath

Gopinath said current disparities in national corporate tax rates had triggered 'a large amount' of tax shifting and tax avoidance, reducing the tax base on which governments could collect revenues

IMF scales up India's FY22 GDP growth forecast to 12.5%; experts unsure

The Fund's projection suggests India would again become the world's fastest-growing large economy

FM calls for greater coordination among BRICS on IMF's quota review

India on Tuesday pitched for greater coordination among BRICS nations on the issue of the 16th general review of quotas of the International Monetary Fund to give more say to developing countries.

World economy risks 'dangerously diverging' even as growth booms

While America's booming economy will undoubtedly act as a driver for the rest of the world by sucking in imports, there could also be some grumbling about the higher market borrowing costs

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term

India's economy on path of gradual recovery: International Monetary Fund

India's economy is on the path of gradual recovery, real GDP growth, return to positive territory in fourth quarter of 2020, IMF's spokesperson Gerry Rice said