Globally, economic policy could soon be in uncharted territory
He stressed that a swap line was critical from the point of view of preserving global financial stability
The comments from Das come days after the RBI assuaged markets that it will do all it can to minimise the coronavirus impact.
Of this, 10 billion dollars is available at zero interest for the poorest members through the rapid credit facility
The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis more than 10 years ago, OECD said
Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday
The IMF said it had an array of facilities and instruments in its tool kit to help countries respond to the economic impact of the coronavirus.
Thakur said various financial institutions, including IMF and RBI, have projected that India will once again attain fast growth
The forex kitty had zoomed by $3 billion to $476.092 billion in the previous reporting week
"The projected recovery... is fragile," IMF chief Kristalina Georgieva said at the meeting in the Saudi capital
China has said it could still meet its economic growth target for 2020 despite the epidemic
The economic refugees of earlier years have been replaced by well-placed people leaving (or staying away from) India's unattractive political economy, writes T N Ninan
In the previous week, the foreign exchange reserves had increased by $ 1.701 billion to $ 473 billion
'However, a sharp & rapid economic rebound could follow'
Globally, he said, 14 per cent of workforce or 375 million workers could lose jobs to automation
he IMF in January lowered India's economic growth estimate for the current fiscal to 4.8 per cent
International Monetary Fund spokesman Gerry Rice said the Fund welcomed China's efforts to contain the spread of the virus
The six-nation Gulf Cooperation Council (GCC) - whose net financial wealth the IMF estimates at $2 trillion - accounts for over one fifth of global oil supply
Kristalina Georgieva said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact
The IMF said that global growth would have been 0.5 percentage point lower without last year's actions