MAY 9, 2025 The International Monetary Fund (IMF) today reviewed the Extended Fund Facility (EFF) lending program ($1 billion) and also considered a fresh Resilience and Sustainability Facility (RSF) lending program ($1.3 billion) for Pakistan. As an active and responsible member country, India raised concerns over the efficacy […]
WASHINGTON — The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecast. The 190-country lending agency said Tuesday that […]
WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year, significantly worse […]
WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this […]
WASHINGTON/GENEVA – The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than the global financial crisis a decade ago, the head of the International Monetary Fund said on Friday, calling it “humanity’s darkest hour.” […]
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she […]
Washington, Jul 23: The IMF on Tuesday projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, saying its GDP will now grow respectively at the rate of 7 and 7.2 per cent reflecting a weaker-than expected […]
International Monetary Fund chief Christine Lagarde on Tuesday announced she would step down “temporarily” from the global crisis lender after being nominated to lead the European Central Bank. EU leaders announced a deal to fill the top positions in the political and economic bloc, including picking Lagarde to […]
Washington : The IMF is looking forward to working with the new government of Prime Minister Narendra Modi, a top official said Friday, asserting that India’s reforms and future direction should continue to focus on achieving faster and more inclusive growth with low inflation. Prime Minister Modi on Thursday […]
ISLAMABAD – Pakistan begins nearly two weeks of talks with the International Monetary Fund on Wednesday over what would be the South Asian country’s 13th IMF bailout since the 1980s to help it end a spiralling current account crisis. Finance Minister Asad Umer says $12 billion is required […]
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