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The prominent Indian-American economist was speaking to reporters ahead of the annual meeting of the IMF and the World Bank. (Photo: File)

Important for India to keep fiscal deficit in check, says IMF chief economist

On the projections in the World Economic Outlook report, Gopinath said appropriate steps have been taken.

16 Oct 2019 9:51 AM

India’s gross domestic product grew at its weakest pace since 2013 between April and June, stoking expectations of further stimulus. (Photo: File)

India cannot sacrifice economic strength to comply with US sanctions: Sitharaman

She said that India wants to comply with global sanctions, including US but also needs to maintain its own strategic interests.

16 Oct 2019 9:40 AM

Amid the US-China trade war and hard Brexit talks, the IMF also warned that the world economy is slowing to its weakest pace since the 2008 global financial crisis. (Photo: Representational image)

IMF lowers India’s growth rate to 6.1% this year, still the world’s fastest

In April, IMF had said the country will grow at 7.3 per cent in 2019, and three months later it has revised projections.

15 Oct 2019 9:09 PM

President Lenin Moreno met with Jaime Vargas, the head of the indigenous umbrella grouping CONAIE, for four hours of talks in the capital Quito broadcast live on state television. (Photo: File)

Ecuador President, protesters reach deal to end violent unrest

'With agreement, mobilizations across Ecuador are terminated and we commit ourselves to restoring peace in country,' said joint statement.

14 Oct 2019 10:10 AM

The IMF Managing Director said that global trade growth has come to a 'near standstill'. (Photo: File)

Effect of global slowdown 'more pronounced' in India: IMF chief

Georgieva said widespread deceleration means that growth in 2019-20 will fall to its 'lowest rate' since beginning of decade.

09 Oct 2019 8:45 AM

Police fired tear gas at protesters who threw stones and fire bombs close to the seat of government in the historic centre of the capital Quito. (Photo: AP)

Clashes break out as Ecuador Prez declares ‘state of emergency’

No figures were available for the number of people injured but some press photographers were hurt during the clashes.

04 Oct 2019 2:52 PM

International Monetary Fund (IMF) on Thursday said that India's economic growth is "much weaker" than expected due to corporate and environmental regulatory uncertainty and "lingering weakness" in some non-bank financial companies. (Representational Image)

IMF explains why India's economic growth is ‘much weaker than expected’

The growth is expected to rise to 7.2 per cent points in FY21, down by the projected growth rate of 7.5 in the earlier report.

13 Sep 2019 8:59 AM

She inherits the helm of an institution buffeted by the rise of populism in advanced economies and escalating trade conflicts — the largest of which has been driven by the United States, the fund's single biggest shareholder. (Photo: File)

Kristalina Georgieva set to become IMF's second woman chief

Georgieva will replace former IMF chief Christine Lagarde, who has been named to lead the European Central Bank.

10 Sep 2019 12:41 PM

The currency weakened by 20 percent alone in the week after the primaries while the Buenos Aires stock exchange dropped by 30 percent. (Photo: AFP)

Argentina asks IMF to restructure debt payments

The Central Bank bought $300 million in pesos on Tuesday to try to calm markets but the currency still depreciated by almost 2.5 percent.

29 Aug 2019 3:48 PM

In a strongly-worded editorial, the People’s Daily said the United States was holding its own citizens to ransom, without mentioning the latest US decision. (Photo: Representational)

China media says US 'destroying international order', after currency-manipulator branding

The accusation, which followed a sharp slide in the yuan on Monday, has driven an even bigger wedge between the world’s largest economies.

06 Aug 2019 12:23 PM

His visit comes as Pakistan has received a $6 billion bailout from the International Monetary Fund (IMF) despite concerns expressed by the US. (Photo: AP)

Khan receives no US welcome at airport, takes metro to Pakistan envoy’s house

Acting Chief of Protocol, Mary-Kate Fisher, who had welcomed the Pakistan Prime Minister at the airport, accompanied him on the metro ride.

22 Jul 2019 1:36 PM

International Monetary Fund chief Christine Lagarde submitted her resignation from the global crisis lender on Tuesday. (Photo:AP)

Christine Lagarde resigns as IMF chief, starting race for her successor

IMF succession is expected to be a major topic of discussion among G7 finance ministers and central bank governors meeting on Wed.

17 Jul 2019 10:27 AM

'Misaligned economic policies, including large fiscal deficits, loose monetary policy, and defence of an overvalued exchange rate, fuelled consumption and short-term growth in recent years, but steadily eroded macroeconomic buffers, increased external and public debt, and depleted international reserves,' IMF said. (Photo: ANI)

IMF blames Pakistan Tehreek-i-Insaf, PLM-N for Pakistan's economic crisis

IMF made these remarks in its staff report on USD 6 billion bailouts to Pakistan approved by its executive board earlier this week.

11 Jul 2019 2:27 PM

The International Monetary Fund (IMF) on Wednesday approved a USD 6 billion loan for Pakistan. (Photo: AFP)

IMF approves USD 6 billion loan for Pakistan

The USD 6 billion financial aid includes an immediate disbursement of USD 1 billion to help Pakistan address its balance of payment crisis.

04 Jul 2019 1:49 PM

Board approval will allow immediate disbursement of around USD 1 billion, with the remainder to be phased in over the period of the programme.

IMF board approves USD 6 billion loan package for Pakistan

Approval will also unlock an additional USD 38 billion from Pakistan’s international partners over the programme period.

04 Jul 2019 10:32 AM

'We accept Ms Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,' the board said. (Photo: File)

US economist David Lipton named as interim leader of IMF

'We have full confidence in First Deputy Managing Director David Lipton as Acting Managing Director of the IMF,' board said.

03 Jul 2019 9:36 AM

Pakistan last month reached an agreement with the Washington-headquartered International Monetary Fund (IMF) for a USD 6 billion bailout package aimed at shoring up its finances and strengthening a slowing economy as tries to overcome a ballooning balance-of-payments crisis. (Representational Image)

US expresses 'strong views' on IMF loan to Pakistan, pushes for 'conditionality'

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts.

19 Jun 2019 3:44 PM

The FATF continuing Pakistan in the ‘Gray’ list means its downgrading by IMF, World Bank, ADB, EU and also a reduction in risk rating by Moody’s, S&P and Fitch. (Photo: AP)

Pakistan fails to fulfil 25 of 27 action points given by terror finance watchdog

With this, multilateral lenders like IMF, World Bank and EU may continue downgrading Pak, making its financial situation more precarious.

16 Jun 2019 3:31 PM

Last month, Pakistan reached an accord in principle with the International Monetary Fund (IMF) for a three-year, USD 6 billion bailout package aimed at shoring up its fragile public finances and strengthening a slowing economy. (Photo: File)

Pakistan to get USD 3.4 billion in budgetary aid from Asian Development Bank

The ADB financing would come on top of the IMF loan, with most of the funds to be disbursed in the current fiscal year.

16 Jun 2019 9:41 AM

US Treasury Secretary Steven Mnuchin told reporters that Washington stood ready to impose more tariffs on China if President Donald Trump and China's Xi Jinping fail to strike a deal at the G20 summit later this month in Osaka. (Photo: AP)

G20 says worsening trade wars pose risk to world economy

G20 finance minister and central bank chiefs produced statement saying, ‘growth remains low and risks remain tilted to the downside.’

09 Jun 2019 3:36 PM

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Sanjeev Ahluwalia