Page 7 - International Monetary Fund

IMF board approves policy reforms to support recovery of low-income nations

The executive board of the International Monetary Fund has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries from Covid-19

IMF to keep 2021 global growth forecast at 6%: Managing Director

Georgieva, speaking at an online event sponsored by the Peterson Institute for International Economics, said that economic recovery will be held back unless the pace of Covid-19 vaccination picks up

IMF calls for urgent action to address worsening 'two-track' recovery

As G20 finance ministers and central bank governors are set to gather later this week, the International Monetary Fund called for urgent action to address a worsening 'two-track' recovery

Unequal access to vaccines skews global recovery: IMF chief economist

Right now what we are seeing is highly unequal access to vaccinations, IMF chief economist Gita Gopinath

IMF proposes setting up of an international carbon price floor

The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

G7 eyes allocating $100 bn from IMF funds to Covid-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a three-day summit in Cornwall, England, which began on Friday

G7 eyes allocating $100 billion from IMF funds to COVID-ravaged nations: US

The issue will be on the table when G7 leaders discuss how to help steer the world's recovery from the coronavirus pandemic at a 3-day summit in Cornwall, southwestern England, which begins Friday

Sam Pitroda's leap of faith

Book review of Redesign the World: A Global Call to Action

IMF says it's ready to scale up collaboration with India during pandemic

The International Monetary Fund stands ready to strengthen its dialogue and scale-up its technical collaboration with India, spokesperson Gerry Rice has said

How Covid crisis exhausted what Mr Modi had in plenty all these years

The three things that derailed the economy in the past - war, drought and oil - were mostly absent during his regime, but with the Covid crisis Mr Modi's luck seems to have run out, writes T N Ninan

US dollar share of global foreign exchange reserves drops to 25-year low

This is according to a recent survey by the International Monetary Fund (IMF).

Pakistan to spend 'bare minimum' $6 billion to boost economic growth

The government's GDP target for next year is a percentage point higher than the IMF's 4% projection, and FM Tarin is seeking to boost growth to 6% in the year after

IMF to revisit growth forecast for India due to surge in Covid-19 cases

Covid-19 infections in India have surged past 21 million, with a death toll of 230,168, health ministry data showed

T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank

M Narasimham: Forgotten contributions

In 1977, the Janata government asked him to leave and made Narasimham governor for five months

Will distribute 'Special Drawing Rights' to member countries by Aug: IMF MD

IMF Managing Director Kristalina Georgieva said she is "confident" the financial organisation will distribute a new allocation of Special Drawing Rights (SDR) to member countries by mid-August

World Bank, IMF eye ways to link debt relief to climate change spending

The initiative reflects growing recognition that the economic turmoil of the Covid-19 pandemic has exacerbated budget constraints and debt challenges

IMF proposes temporary 'solidarity' tax on pandemic winners, the wealthy

Advanced economies with robust tax systems should increase their top income tax rates for a period, IMF said

Economic recovery on rough patch, second Covid-19 wave may dampen prospects

Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.

Coronavirus pandemic to shave 3% off global output in medium term: IMF

The Covid-19 shock could also have a bigger impact on the labor market over the medium- and longer term