International Monetary Fund

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Argentina and the International Monetary Fund agreed Thursday on a three-year USD 50 billion stand-by financing deal aimed at strengthening the South American country's economy and helping it fight inflation.

IMF agrees to USD 50 billion deal to help Argentina's economy

Finance Minister Nicolas Dujovne said the funds would be available after the executive board meets June 20.

08 Jun 2018 12:36 PM

The International Monetary Fund has called on Saudi Arabia to keep public spending under control. (Photo: AFP)

IMF urges Saudi Arabia to contain spending as deficit widens

Saudi Arabia has embarked on an ambitious reform drive, known as Vision 2030.

23 May 2018 6:41 PM

The global economy is expected to grow at a solid pace through next year, boosted by faster expansion in the United States and Europe.

IMF sees solid near-term global growth but risks beyond

The IMF raised its US forecast by two tenths for both years, to 2.9 per cent for 2018 and 2.7 per cent for 2019.

18 Apr 2018 1:09 PM

The country's foreign exchange reserves hit a life-time high of USD 424.361 billion after rising by USD 1.828 billion in the week to March 30, helped by rise in foreign currency assets, the Reserve Bank said on Friday.

India's forex reserves rise to life-time high of USD 424.361 billion

In the previous week, the reserves had increased by USD 1.197 billion to USD 422.532 billion.

06 Apr 2018 7:22 PM

China's ambitious 'One Belt One Road initiative' is an important project that can foster regional cooperation, but entails risks like debt sustainability, the IMF said. (Photo: AFP)

OBOR important project for regional cooperation, but entails risks too: IMF

The OBOR initiative focuses on improving connectivity and cooperation among Asian countries, Africa, China and Europe.

30 Mar 2018 8:36 PM

IMF said that the reforms being carried out for the past few years might help create jobs. (Photo: File | AFP)

Unemployment major challenge for India but reforms would create jobs: IMF

Noting India has been one of the fastest growing economies, IMF said this has led to improvement in living standards, reducing poverty.

30 Mar 2018 9:39 AM

The country's reserve position with the Fund also increased by USD 21.7 million to USD 2.087 billion.

Forex reserves up by USD 1.96 billion to USD 421.720 billion

The reserves had touched a life-time high of USD 421.914 billion on February 9, FY18.

23 Feb 2018 6:11 PM

Other Gulf countries are expected to implement their own VAT scheme in the coming years. (Representational)

Tax-free promiseland disappearing: UAE, Saudi to impose VAT from 2018

Along with higher education in UAE, VAT will apply to food, clothes, electronics, gasoline, phone, water, electricity bills, hotel bookings.

27 Dec 2017 3:23 PM

CNN reported that India's economy has bounced back from a year-long slowdown, but it was not enough to regain global growth crown from China. (Photo: AFP)

IMF to update India's growth rate forecast in January

Recently US-based Moody's upgraded India's sovereign rating after a gap of 13 years to Baa2.

01 Dec 2017 9:53 AM

India is currently pursuing an "exciting" route of digital transformation, said Vitor Gaspar, Director of the International Monetary Fund's Fiscal Affairs Department. Photo: AFP

India undergoing 'exciting digital transformation': IMF official

Vitor Gaspar, Director of the IMF's Fiscal Affairs Department, said India is a case study in its new book on digital revolution.

16 Oct 2017 4:04 PM

Describing the two major recent reforms in India - the notes ban and Goods and Services Tax (GST) - as a monumental effort, Lagarde said it is hardly surprising that there 'is a little bit of a short-term slowdown' as a result. (Photo: AFP/File)

IMF chief hails note ban, GST, says Indian economy on 'solid track'

The comment comes days after the IMF lowered its growth forecast for the current and the next year

15 Oct 2017 9:47 AM

Indian economy, GDP, slipped to a record low rate in August. (Photo: AP)

This is what IMF suggests India to grow at a faster rate

Agency says India must tackle coporate and banking sector bad loans and initiate labour reforms.

14 Oct 2017 10:11 AM

The Nifty cracked and slipped below 10,000 as investors went around picking profit.

Disappointing macro data hits markets

The International Monetary Fund (IMF) yesterday lowered India’s growth projection to 6.7 per cent in 2017.

12 Oct 2017 3:42 AM

Prime Minister Narendra Modi (Photo: PTI)

PM’s economic council lists 10 priority areas for growth

The economic advisory council, formed by Prime Minister Narendra Modi last month, held its first meeting on Wednesday.

12 Oct 2017 1:07 AM

Chinese President Xi Jinping welcomed Indian Prime Minister Narendra Modi, other BRICS leaders at the International Conference Centre in Xiamen. (Photo: Twitter | ANI)

Chinese Prez Xi welcomes Modi at Xiamen for 9th annual BRICS summit

Both Modi and Xi are expected to hold a bilateral meeting on Tuesday.

04 Sep 2017 8:27 AM

IMF in June shaved its forecasts for US growth to 2.1 per cent for 2017 and 2018. (Photo: AFP)

IMF keeps global growth forecasts; China, eurozone revised higher

Global gross domestic product would be 3.5 per cent in 2017 and 3.6 per cent in 2018.

24 Jul 2017 10:00 AM

Gold reserves remained unchanged at USD 20.348 billion. (Representational image)

Forex kitty dips USD 161.9 mn to USD 386.377 bn

Country's reserve position with the IMF too dipped by USD 3 million to USD 2.319 billion.

14 Jul 2017 6:19 PM

World Leaders at G20 Summit. (Photo: AFP)

What is G20? All you need to know about leading powers' annual summit

The G20, first met for a summit in 2008 in Washington to discuss ways to achieve balanced and sustainable world economic growth.

05 Jul 2017 12:24 PM

Economists prefer to bandy about a different term when referring to corruption. (Representational Image)

Corruption: What are we to do?

A just and relatively honest society requires a system that inflicts swift and commensurate retribution on transgressors.

11 May 2017 3:46 AM

IMF expects India to grow by 2018-19

IMF is expecting India to grow by 7.7 per cent after disruptions caused by demonetisation,

09 May 2017 8:32 AM

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Mohan Guruswamy