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FM Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag

This comes as India's southern neighbour deals with its worst-ever economic crisis.

Breakthrough in Pakistan-IMF bailout talks as $8-bn package approved

The size of the loan would be increased from the existing $6 billion to $8 billion - a net addition of $2 billion, a senior government functionary requesting anonymity said

Sri Lanka to appoint advisors on debt restructuring in next 20 days

Sabry said that the discussions he started with IMF officials in Washington would end on Sunday, and that there are a lot more discussions to be held ahead

IMF assures to support Sri Lanka's efforts to overcome economic crisis

The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis

IMF says held 'fruitful' technical talks with Sri Lanka on loan request

The Fund said in a statement that the discussions included the need for Sri Lanka to implement 'a credible and coherent strategy' to restore macroeconoimc stability

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."

Sri Lanka says India, World Bank consider $2 billion bridge finance

The country of 22 million people is struggling to pay for imports after a sharp drop in foreign exchange reserves which has led to a currency devaluation and soaring inflation

India must boost credit, labour to raise growth potential, says IMF

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

Pakistan govt's gross debt to be 71.3% of GDP in 2022: IMF projection

The report has projected government expenditure at 18.4 per cent of the GDP in 2022 and 17.1 per cent in 2023 compared to 18.6 per cent in 2021

IMF projects India's general fiscal deficit at 9.9% of GDP for FY23

Rising energy and food prices will put renewed pressure on fiscal deficits, IMF First Deputy Managing Director Gita Gopinath said in a tweet.

Lanka must ensure political stability before IMF deal: Dr Dushni Weerakoon

We have an economic crisis that has spilled out as a political crisis: Weerakoon

Speculation without data

Poverty estimates need govt surveys to resume

International Monetary Fund, World Bank chiefs raise global debt alarm

World Bank President Malpass called for a new process for restructuring debt burdens for developing nations amid concerns about a lack of transparency over how much they owe to China

IMF asks cash-strapped Sri Lanka to restructure huge foreign debt

Crisis-hit island nation also seeks bridge loans as IMF aid will take six months

Pakistan to cut expenditures, development funds to revive IMF programme

'We will seek revival of the IMF programme, and we will, God willing, do belt tightening, and cut PSDP (Public Sector Development Funds),' Ismail told a news conference in Islamabad

IMF says governments must protect vulnerable 'when things fall apart'

IMF Fiscal Affairs Director Vitor Gaspar said poor households spent up to 60% of their budgets on food, compared to just 10% for the average household in advanced economies

G20 nations need to coordindate urgently for economic recovery: Sitharaman

Finance Minister Nirmala Sitharaman has said that there is an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks as she attended the G20 Emerging Market Economies meeting here. Sitharaman shared her insights on the economic outlook, risks and near-term policy challenges for Emerging Market Economies (EMEs) such as food and energy security and tightening of global financial conditions, the Ministry of Finance said. The the G20 Emerging Market Economies meeting was organised by the IMF on the sidelines of the upcoming G20 Finance Ministers and Central Bank Governors meeting. The Finance Minister, discussing the future of work and debt vulnerabilities, said that there is an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks. Union Finance Minister Smt. @nsitharaman & Shri @DasShaktikanta @RBI ...

Should purchasing power parity of $3.2 be made India's formal poverty line?

Experts have some reservations about the methodology used to arrive at the number, and that the poverty figures under the existing PPP of $1.9 per person per day have been understated

Regulating crypto assets, digital currency India's priorities: IMF official

Regulating crypto assets and digital currency, addressing remaining regulatory concerns in banking and integrating with the global economy are among the few mid-term structural issues for India

Oil falls 5% to 107.25 dollar per barrel after IMF cuts growth outlook

Brent crude, the global benchmark, fell $5.91, or 5.22%, to settle at $107.25 a barrel, while U.S. West Texas Intermediate dropped $5.65, or 5.22%, to settle at $102.56 a barrel