Page 3 - International Monetary Fund
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")
IMF praises India's resilient economy, highlights structural reforms taken
The IMF MD Kristalina Georgieva lauded India's well-targeted policy mix that has helped the Indian economy remain resilient in her meeting with Finance Minister Nirmala Sitharaman in Washington DC
 "IMF praises India's resilient economy, highlights structural reforms taken")
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")
Pakistan to resume negotiations with International Monetary Fund
Pakistan now gearing up to re-initiate talks with the IMF and World Bank through a economic team, aiming to restart the IMF programme.
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)
 "Major risks of crypto - money laundering and terror financing: Sitharaman")
FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting
Sitharaman and CEA V Anantha Nageswaran are expected to represent the government at the World Bank-IMF Spring Meeting, which will take place in Washington DC from April 18 to April
 "FM Sitharaman, CEA Nageswaran to attend World Bank-IMF Spring Meeting")
S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default
Suspension of external debt servicing by country triggers action
 "S&P lowers Sri Lanka's sovereign rating to 'CC' indicating looming default")
During Covid, free food helped rein in poverty in India: IMF paper
India has "eliminated low-income poverty (which is based the purchasing power parity or PPP of $1.9 per person a day)", the lead author of the paper said
 "During Covid, free food helped rein in poverty in India: IMF paper")
'Pew's view that 75 mn pushed into poverty is an opinion survey'
"As India has eliminated low-income poverty and has become a lower-middle income country, it's more useful to start using the $3.2/day poverty line"
 "'Pew's view that 75 mn pushed into poverty is an opinion survey'")
IMF funding to Pakistan virtually on hold till formation of new govt
As the political crisis in Pakistan turned into a constitutional crisis, the International Monetary Fund (IMF) funding to the country is expected to hit another 'pause'
 "IMF funding to Pakistan virtually on hold till formation of new govt")
India's forex reserves down by $2.03 billion to $617.648 billion
Continuing their downward trajectory for 3rd consecutive week, India's foreign exchange reserves declined by USD 2.03 billion to stand at USD 617.648 billion in week ended March 25, RBI data showed
 "India's forex reserves down by $2.03 billion to $617.648 billion")
Lanka to turn off street lights in deepening economic crisis; shares dive
The island of 22 million people is struggling with rolling blackouts for up to 13 hours a day because the government does not have enough foreign exchange for fuel imports
 "Lanka to turn off street lights in deepening economic crisis; shares dive")
India has safeguards in place to mitigate risks from capital flows: IMF
India, which has received a record number of FDI during the last few years despite Covid, has quite a few safeguards in place to mitigate the risks from capital flows, the IMF said
 "India has safeguards in place to mitigate risks from capital flows: IMF")
Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens
Ceylon Petroleum requested the public not to queue for diesel on Wednesday and Thursday after the state-run refiner failed to unload a shipment of 37,500 metric tonnes of the fuel
 "Sri Lanka: No medicines, 10-hour power cuts as economic crisis worsens")
A world that's more expensive is starting to destroy demand
Global food prices set a record last month, according to UN, as Russia-Ukraine invasion disrupted shipments from countries that, together, supply 1-quarter of world's grain and much of its cooking oil
 "A world that's more expensive is starting to destroy demand")
Will tax the rich and give money to poor: Imran ahead of no-trust vote
Pakistan opposition parties have moved a no-confidence motion against Prime Minister Imran Khan in the country's Parliament. It is expected to be taken up when the National Assembly meets again today
 "Will tax the rich and give money to poor: Imran ahead of no-trust vote")
Sri Lanka sends troops to fuel stations, aims to restructure its debt
The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis
 "Sri Lanka sends troops to fuel stations, aims to restructure its debt")
IMF asked Pak to show how it would fund $1.5 bn subsidy package: Minister
The International Money Fund (IMF) has asked Pakistan to explain how it would fund a $1.5 billion subsidy package announced by Prime Minister Imran Khan, Finance Minister Shaukat Tarin said on Sunday
Argentina's $45 bn debt deal with IMF gets final legislative approval
Argentina's Senate gave final legislative approval Thursday for President Alberto Fernndez's administration to refinance government's $45 bn debt with International Monetary Fund and avoid a default
IMF not asking for removal of central bank Governor: Sri Lanka
Addressing the nation on Wednesday evening, President Gotabaya Rajapaksa said that he has decided to work with the IMF to overcome Sri Lanka's economic woes, reports Xinhua news agency
