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The reserves had touched an all-time high of USD 426 billion in April 2018.

India's forex reserves up by USD1.99 billion to USD 419.99 billion

The overall reserves had declined by USD 2.05 billion to USD 417.99 billion in the previous reporting week.

31 May 2019 6:47 PM

"As far as the IMF is concerned, we think that the reforms and the future direction should continue to focus on achieving faster and importantly, more inclusive growth with low inflation," IMF spokesperson Gerry Rice said.

Looking forward to working with new govt of PM Modi: IMF

"The IMF looks forward to working with Prime Minister Modi's new government," IMF spokesperson Gerry Rice said.

25 May 2019 2:50 PM

In the fresh disclosure, the Chinese foreign loans from July through April FY19 surged to USD 6.56 billion, according to the finance ministry's documents. (Photo:AP)

Pakistan got USD 6.5 billion loan from China in April: Report

SAFE is an acronym for the State Administration of Foreign Exchange managed by the Chinese central bank.

24 May 2019 8:31 AM

In the reporting week, foreign currency assets, which are a major component of the overall reserves, swelled by USD 1.358 billion to USD 392.227 billion.

Forex reserves up by USD 1.36 bn to USD 420.05 bn

In the previous week, the reserves had increased by USD 171.9 million to USD 418.687 billion.

17 May 2019 7:29 PM

The package will include 'an ambitious structural reform agenda' to boost growth. (Photo:AP)

Pakistan reaches agreement with IMF for 6 billion dollar bailout package

PM Imran Khan’s government came to power last year reluctant to seek what is now expected to be its 13th IMF bailout since the late 1980s.

13 May 2019 12:47 PM

Also speaking at the Paris Forum event, French Economy Minister Bruno Le Maire warned about the impact of a trade war between the world's two biggest economies. (Photo:AP)

US-China trade tensions threat to world economy: IMF chief

The head of the International Monetary Fund said that fresh trade tensions between the US and China were a threat to the world economy.

07 May 2019 3:35 PM

A Harvard and Berkeley University of California alumnus, Baqir has been with the IMF since 2000. (File Photo)

Pakistan appoints ex-IMF official as State Bank Governor

A Pakistani economist working for the International Monetary Fund (IMF) has been appointed as the governor of the State Bank of Pakistan.

05 May 2019 1:24 PM

Abdul Hafeez Shaikh, who already served as finance minister from 2010-2013, has been appointed as 'Adviser on Finance' but will be heading the finance ministry once again. (Photo:File)

Amid economic crisis, Imran Khan appoints new Finance Minister

Pakistani Prime Minister Imran Khan made a sweeping cabinet reshuffle on Thursday after only seven months in power.

19 Apr 2019 11:32 AM

Prime Minister Khan-led government and Finance Minister Umar in particular have faced mounting criticism by opposition parties. (File Photo)

Asad Umar, Pakistan's Finance Minister steps down

Asad Umar, who was involved in extensive discussions with the IMF to finalise a bailout package for the country, quit the Cabinet.

18 Apr 2019 3:47 PM

External account pressure reduced Pakistan's international reserves to USD 6.6 billion by mid-January 2019. (File Photo)

Pak set to sign USD 6-8 billion bailout deal with IMF: Finance Minister

Pakistan and the IMF are set to sign a USD 6-8 billion bailout package, Finance Minister Asad Umar has announced.

16 Apr 2019 7:39 PM

The sources said that IMF officials were also seeking details of the China-Pakistan Economic Corridor. (File Photo)

IMF likely to delay bailout package for Pakistan in ongoing talks

The IMF's bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement.

15 Apr 2019 12:58 PM

Financial markets have rallied this year on hopes that United States and China will reach a settlement. (Representational Image)

G-20 chiefs: World economic growth to revive later this year

a trade standoff between the United States and China threatens to dim the economic outlook.

13 Apr 2019 12:26 PM

In the reporting week, foreign currency assets -- a major component of the overall reserves -- rose by USD 2.062 billion to USD 386.116 billion.

Forex reserves swell by USD 1.87 billion to USD 413.8 billion

The special drawing rights with the International Monetary Fund dipped by USD 1.2 million to USD 1.455 billion.

13 Apr 2019 8:59 AM

The Indian government in February said bad loans fell by Rs 31,168 crore in April-December 2018-19 compared to NPAs worth Rs 8,95,601 crore at March-end 2018. (Photo: AFP)

India needs to bolster level of capitalisation of government-owned banks: IMF

The level of non-performing loans (NPLs) in India remains high.

11 Apr 2019 10:21 AM

Arun Jaitley will travel to Washington for attending the Spring Meetings of the World Bank and the International Monetary Fund (IMF) from April 12 to 14.

Jaitley addresses global investors on reforms, economic outlook

Economic Affairs Secretary Subhash Chandra Garg also attended the round-table meet.

10 Apr 2019 9:20 PM

General government debt is projected to rise over the medium term to over 72 per cent of the GDP by 2024. (Photo: AFP)

Some reforms in India show benefits of digitalisation: IMF

India have shown the benefits of digitalisation which has also reduced the opportunities for discretion and fraud, says IMF.

10 Apr 2019 10:42 AM

This report would be the first under Indian American economist Gita Gopinath, who is now IMF’s chief economist.

India one of world’s fastest growing large economies: IMF

Details about the Indian economy would be revealed in upcoming WEO survey report to be released by IMF next month.

22 Mar 2019 10:46 AM

'The key challenges facing youth in emerging economies labour markets include gender gaps, technological change, poor job quality in employment,' said IMF senior economist John Bluedorn.

At 30 pc, India's youth inactivity highest among emerging mkts: IMF economist

Data compiled by CMIE claimed that the unemployment rate in India rose to 7.2 per cent in February 2019.

07 Mar 2019 11:42 AM

In the previous week, the reserves had increased by USD 150.2 million to USD 398.272 billion.

Forex reserves up by USD 944 million to USD 399.21 billion

The country's reserve position with the IMF increased by USD 10.8 million to USD 2.993 billion.

02 Mar 2019 12:38 PM

FATF urged Pakistan to swiftly complete its action plan. (Photo:File)

Pakistan to stay on FATF 'grey list' for the time being: Report

Pakistan will most likely stay on the ‘grey list’ of The Financial Action task force, that helps stop terror financing.

22 Feb 2019 3:55 PM

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