Page 8 - Imf

IMF names UC Berkeley's Pierre-Olivier Gourinchas as next chief economist

French-born University of California-Berkeley economist Pierre-Olivier Gourinchas will replace Gita Gopinath as the Fund's next chief economist

IMF defers Pakistan's 6th review to release $1 billion under fund facility

The International Monetary Fund (IMF) on Monday deferred Pakistan's consideration of the completion of the sixth review and release of a USD 1 billion tranche under the Extended Fund Facility (EFF).The Executive Board of IMF made the decision of postponement after receiving a request from the Pakistani authorities. The consideration was scheduled for January 12, 2022, reported The News International.When contacted about the exact date for consideration of Pakistan's request by the Fund's Executive Board, the IMF's Resident Chief in Pakistan, Esther Perez Ruiz, replied, "The Board meeting for consideration and eventual approval of the 6th Review under the EFF is being postponed at the request of the authorities. The new date is yet to be determined."Top official sources confirmed to The News here on Sunday that the IMF's Executive Board had removed from its calendar 2022 consideration of Pakistan's case for completion of the 6th review scheduled for January 12 and release of USD 1 ...

IMF says emerging economies must prepare for Fed policy tightening

In a blog published Monday, the IMF said it expected robust US growth to continue, with inflation likely to moderate later in the year.

IMF delays release of new forecast to factor in Covid developments

The International Monetary Fund will release its World Economic Outlook on Jan. 25, a week later than planned, to factor in Covid developments

Why is the IMF trying to be an aid agency?

Forceful conditionality is essential to establish financial stability and ensure that IMF's resources do not end up financing capital flight

Pakistan cabinet approves IMF mandated supplementary budget

The IMF agreed last month to revive a stalled $6 billion funding programme but demanded further budgetary tightening from Pakistan before the next tranche could be approved

Harnaaz, Leena or Gita: Who's your icon?

The results from the poll were quite interesting. Harnaaz won hands down in Jaipur; Leena was a distant second

Macroeconomic target setting has now become a joke and needs review

The time has come to start questioning this target setting business. Since 2009 these targets for financial stability have become a joke everywhere.

IMF approves extended credit release of $ 212 mn to Congo: Executive Board

IMF's Executive Board has approved the immediate release of more than $212 million to back up the international reserves of the Democratic Republic of Congo (DRC)

Global debt reaches record $226 trn in 2020 amid Covid pandemic: IMF

Global debt rose to a record $226 trillion in 2020 as the world was hit by the raging Covid-19 pandemic and a deep recession, the International Monetary Fund said

Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea

Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines

IMF chief economist Gita Gopinath calls on Prime Minister Narendra Modi

The meeting comes days after the IMF announced that she is being promoted as its First Deputy Managing Director

Uncertainty remains about new variants as global economy recovers: Gopinath

Gopinath further said the pandemic has been aggravated by the recent advent of the Omicron variant of coronavirus

IMF chief economist sees inflationary pressures, risks from Omicron

Gita Gopinath says a more transmissible SARS-CoV-2 variant such as Omicron could cost the global economy a further $5.3 trn, in addition to the current projected loss of $12.5 trn

IMF chief calls on global cooperation on pandemic, economic recovery

Kristalina Georgieva, managing director of IMF, called on global cooperation to control the Covid-19 pandemic and support the economic recovery

International Monetary Fund chief warns of 'digital Berlin Wall'

Georgieva also warned that the intensification of anti-competitive trends during the Covid-19 pandemic could reduce the level of GDP in advanced economies by 1 per cent in the medium term

Omicron likely to reinforce IMF downgrade of global growth forecasts: MD

Omicron variant is likely to reinforce a downgrade of IMF's outlook on the global economy, Managing Director Kristalina Georgieva said

IMF says chief economist Gopinath to replace Okamoto as no. 2 official

The IMF named its chief economist Gita Gopinath to become its second-ranking official, replacing First Deputy Managing Director Geoffrey Okamoto

Gita Gopinath to become IMF's first deputy managing director next year

IMF's First Deputy Managing Director Geoffrey Okamoto will resign next year, and Chief Economist Gita Gopinath will replace him, the fund announced on Thursday."The IMF said today that First Deputy Managing Director (FDMD) Geoffrey Okamoto will leave the Fund early next year and that Gita Gopinath, currently the IMF's Chief Economist, is proposed to be the Fund's new First Deputy Managing Director," the press release said.Although Gopinath had been scheduled to return to her academic position at Harvard University in January next year, she decided to stay and accepted the new position, according to the release."In particular, the FDMD will take the lead on surveillance and related policies, oversee research and flagship publications and help foster the highest quality standards for Fund publications," the release noted.Gopinath will start in her new role on January 21, 2022.

International Monetary Fund rejects Pakistan's borrowing request

The bank may purchase such securities in the secondary market, according to the draft