Page 3 - Imf
IMF slashes India's FY23 GDP growth forecast to 8.2%
The IMF's projection of India's retail inflation is now at 6.1 per cent, higher than the Reserve Bank of India's (RBI's) forecast of 5.7 per cent
 "IMF slashes India's FY23 GDP growth forecast to 8.2%")
Ex-IMF economist Miftah Ismail has a tight time frame as Pak's FM
Ismail, who briefly held the post four years ago, brings with him a record of decisive policy action and a close relationship with PM Shehbaz Sharif but faces a daunting array of challenges
 "Ex-IMF economist Miftah Ismail has a tight time frame as Pak's FM")
IMF considers rapid aid for debt-burdened Sri Lanka after India's push
A delegation headed by Sri Lanka's finance minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme the government hopes will help top up its reserves
 "IMF considers rapid aid for debt-burdened Sri Lanka after India's push")
India backs Sri Lanka for much-needed IMF bailout package
India's Finance Minister Nirmala Sitharaman has affirmed her Sri Lankan counterpart Ali Sabry that India will fully support the deliberations of the island nation with the IMF
 "India backs Sri Lanka for much-needed IMF bailout package")
Citing Russia's war, IMF cuts global growth forecast to 3.6%
The war and the darkening outlook came just as the global economy appeared to be shaking off the impact of the highly infectious omicron variant
Oil slumps 5% after IMF cuts economic growth outlook
Prices fell despite lower output from OPEC+, which produced 1.45 million barrels per day (bpd) below its targets in March, as Russian output began to decline following sanctions
 "Oil slumps 5% after IMF cuts economic growth outlook")
Brent crude dips 3.4% to $109.22 as IMF cuts global growth outlook
Brent crude was down $3.94, or 3.4%, to $109.22 a barrel at 1338 GMT, having risen more than $1 to $114.21 earlier in the session
 "Brent crude dips 3.4% to $109.22 as IMF cuts global growth outlook")
IMF cuts global growth forecast due to 'seismic waves' from Ukraine war
The war is expected to slow growth and further increase inflation, the IMF said in its latest World Economic Outlook
 "IMF cuts global growth forecast due to 'seismic waves' from Ukraine war")
FM meets IMF chief; discusses impact of geopolitics on global growth
Congratulating India on its successful vaccination programme to control spread of Covid-19, Georgieva also appreciated New Delhi for extending relief to other vulnerable countries to fight pandemic
 "FM meets IMF chief; discusses impact of geopolitics on global growth")
Crisis-hit Sri Lanka seeks emergency financial assistance from IMF
Sri Lanka is seeking up to $4 billion this year to tide over problems and pay creditors amid dwindling foreign reserves and Asia's fastest inflation
 "Crisis-hit Sri Lanka seeks emergency financial assistance from IMF")
IMF chief hails India's help to Sri Lanka in dealing with economic crises
Georgieva made these remarks during the Spring Meetings of IMF-World Bank (WB) in Washington DC with Sitharaman
 "IMF chief hails India's help to Sri Lanka in dealing with economic crises")
Major risks of crypto - money laundering and terror financing: Sitharaman
The Union Minister reached Washington today on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers meeting and the Central Bank Governor Meeting (FMCBG)
One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief
IMF Managing Director Kristalina Georgieva said on Thursday that the Ukraine conflict will downgrade forecasts for 143 economies this year, which collectively make up 86% of the world's GDP
 "One-fifth of humanity could face poverty, hunger from Ukraine war: UN chief")
Extreme poverty in India fell sharply in 2011-19: World Bank paper
Rural decline steeper than in urban centres
 "Extreme poverty in India fell sharply in 2011-19: World Bank paper")
Sri Lankan delegation heads to US to seek $4 bn bailout package from IMF
A Sri Lankan government delegation is headed to the US as it desperately tries to salvage the country's beleaguered economy
 "Sri Lankan delegation heads to US to seek $4 bn bailout package from IMF")
Oil and edible import bills surge by 60% in Pakistan, says report
Government decides to resume talks with IMF for package revival
 "Oil and edible import bills surge by 60% in Pakistan, says report")
Pakistan: Shehbaz govt to retract from decision on fuel hike, says report
According to The News International, the sources said, the government thinks subsidising the masses with this huge multi-billion rupee package for cheap products is not a viable option
 "Pakistan: Shehbaz govt to retract from decision on fuel hike, says report")
FM Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings
During the official visit to the US, Sitharaman will take part in bilateral meetings with several countries, including Indonesia, South Korea, Sri Lanka and South Africa
 "FM Nirmala Sitharaman leaves for US to attend World Bank, IMF meetings")
IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%
Its FY23 projection would still be better than many
 "IMF likely to slash FY23 GDP growth forecast for India to 8-8.3%")
Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda
A key global issue, cryptocurrency regulations, will not feature in the agenda and are unlikely to be discussed on the sidelines as well, Business Standard has learnt
 "Russia-Ukraine war, Covid-19 surge in China on IMF-World Bank agenda")
