International Monetary Fund: News
08 Dec 2024
Reserve Bank Of India (RBI)India's forex reserves surge $1.51B to $658B, reversing previous declines
India's foreign exchange (forex) reserves surged by a whopping $1.51 billion to $658.091 billion for the week ending November 29, data released by the Reserve Bank of India (RBI) showed.
01 Dec 2024
Donald Trump'Nuts': Vivek Ramaswamy lambasts NYC's $220M deal with Pakistan-owned hotel
United States Republican and entrepreneur Vivek Ramaswamy has reacted to reports that New York City is paying $220 million to lease the Roosevelt Hotel in Manhattan, a property owned by Pakistan International Airlines (PIA).
08 Nov 2024
ChinaChina unveils $1.4 trillion stimulus package to address 'hidden' debt
China has unveiled a five-year CNY 10 trillion ($1.4 trillion) financial plan to tackle the problem of 'hidden' debt in local governments.
01 Nov 2024
Reserve Bank Of India (RBI)India's forex reserves decline to $684.8 billion in October
India's foreign exchange (forex) reserves have declined by $3.4 billion, reaching $684.8 billion as of October 25, the Reserve Bank of India (RBI) data showed.
26 Oct 2024
CanadaG7 leaders agree to loan $50 billion to Ukraine
The Group of Seven (G7) leaders have agreed to lend Ukraine around $50 billion.
18 Oct 2024
ChinaChina's Q3 economic growth slows down, misses government's 5% target
China's economy has grown at its slowest pace since early 2023, latest data from the National Bureau of Statistics showed.
26 Sep 2024
InflationIMF approves $7 billion loan to cash-strapped Pakistan
The International Monetary Fund (IMF) has approved a $7 billion loan for Pakistan, aiming to bolster the country's struggling economy.
22 Sep 2024
Ranil WickremesingheMarxist leader Anura Kumara Dissanayake elected Sri Lanka's new president
Anura Kumara Dissanayake, the 55-year-old leader of the People's Liberation Front alliance (JVP), has won Sri Lanka's presidential election.
08 Sep 2024
Donald TrumpTrump threatens '100% tariff' on nations ditching Dollar for trade
Donald Trump, the Republican US presidential nominee, has issued a stern warning to countries considering abandoning the US Dollar for trade, according to Bloomberg.
06 Sep 2024
Adani GroupAdani urges Bangladesh to clear power bills of $800 million
Adani Power, a subsidiary of Adani Group has pledged to maintain an uninterrupted power supply to Bangladesh, despite the country's current outstanding payments surpassing $800 million (around ₹6,714 crore).
30 Aug 2024
Reserve Bank Of India (RBI)India's forex reserves reach record high of $681 billion
India's foreign exchange reserves have reached a new peak of $681.69 billion as of August 23, marking an increase of $7.02 billion, according to data from the Reserve Bank of India (RBI).
22 Jul 2024
Economic SurveyIs India's growth stalling? Economic Survey projects slower FY25 pace
India's real Gross Domestic Product (GDP) is expected to grow between 6.5% and 7% in the fiscal year 2024-25, as per the Economic Survey presented by Union Finance Minister Nirmala Sitharaman on Monday.
13 Jul 2024
Shehbaz SharifIMF approves $7 billion loan to aid Pakistan's economy
The International Monetary Fund (IMF) has approved a $7 billion loan to Pakistan in an effort to stabilize its struggling economy.
29 May 2024
ShanghaiIMF raises China's 2024 GDP growth forecast to 5%
The International Monetary Fund (IMF) has revised its economic growth forecast for China in 2024 to 5%, as stated in a recent press release.
08 May 2024
ArgentinaArgentina introduces 10,000-peso banknote worth only $10
The Central Bank of Argentina issued a new 10,000-peso banknote on Tuesday, which is five times the size of the previous highest-valued 2,000-peso bill.
18 Apr 2024
EcuadorEcuador declares nationwide shutdown amid energy crisis
Ecuador on Wednesday ordered all public and private workers to stay home for two days as critically low water levels at hydroelectric plants sparked a major power crisis in the country, AFP reported.
31 Mar 2024
Shehbaz SharifNo more red carpets at events in Pakistan: Know why
Pakistan's Prime Minister, Shehbaz Sharif, has banned the use of red carpets for federal ministers and government figures at official events.
18 Mar 2024
Pakistan NewsPakistan fixes interest rate at 22% as inflation nears 33%
In an attempt to combat alarming inflation rate of 32.89%, Pakistan's central bank has decided to keep its primary interest rate steady at 22% for sixth fiscal term in a row.
23 Feb 2024
Pakistan GovernmentPakistan's new government to seek $6 billion IMF loan: Reports
Pakistan is seeking a new loan of at least US$6 billion from the International Monetary Fund (IMF) to help the incoming government repay billions of dollars in debt due this year.
06 Feb 2024
Nirmala SitharamanInterim budget for J&K more than Pakistan's IMF grant
India has announced an interim Budget of Rs. 1.18 lakh crore for fiscal 2024-25 for the union territory of Jammu and Kashmir.
31 Jan 2024
ChinaChina's manufacturing activity contracts for fourth consecutive month
China's manufacturing sector experienced its fourth consecutive month of contraction in January 2024, signaling a sluggish start to the year for the industry and the world's second largest economy.
17 Jan 2024
Artificial Intelligence and Machine Learning1 in 4 CEOs plans to replace workers with AI
A recent study shows that 25% of CEOs plan to reduce their workforce by at least 5% due to the rise of generative AI.
15 Jan 2024
Artificial Intelligence and Machine LearningAI could displace 40% of jobs, worsen equality: IMF
The International Monetary Fund (IMF) has shared an analysis revealing that artificial intelligence (AI) could impact nearly 40% of all jobs.
07 Jan 2024
Sheikh HasinaBangladesh votes today amid opposition boycott, fears of violence
Polling for the general election in Bangladesh began on Sunday amid fears of sporadic violence as the country's main opposition parties announced a boycott.
19 Dec 2023
IndiaIMF forecasts 6.3% growth for India's economy this fiscal year
The International Monetary Fund (IMF) predicts India's economy will grow by 6.3% this fiscal year and next, thanks to digital public infrastructure and a robust government infrastructure program.
02 Nov 2023
Pakistan GovernmentPakistan to hold general elections on February 11
Pakistan will hold general elections on February 11, the Election Commission of Pakistan (ECP) said on Thursday.
24 Oct 2023
Sri LankaSri Lanka approves free visas for India, 6 other countries
Sri Lanka's government has reportedly greenlit a proposal to offer free visas to tourists from seven countries, including India, China, Russia, Japan, Malaysia, Indonesia, and Thailand.
13 Oct 2023
ChinaChina's property sector downturn could hurt Asia Pacific, warns IMF
The International Monetary Fund (IMF) has issued a warning that the slump in China's real estate sector could put a damper on growth prospects in the Asia Pacific region.
10 Oct 2023
IndiaIMF hikes India's growth forecast to 6.3%, lowers China's
The International Monetary Fund (IMF) has revised India's 2023-24 growth forecast from 6.1% to 6.3%, thanks to "stronger-than-expected" consumer spending in the April-June quarter.
30 Sep 2023
Pakistan NewsDebt-ridden Pakistan seeks $11 billion aid from China, Saudi Arabia
Pakistan's caretaker government is reportedly in talks with China and Saudi Arabia to secure $11 billion in aid, aiming to keep the International Monetary Fund (IMF) bailout program on track and avoid an economic crisis.
22 Aug 2023
BRICSWhy 40+ countries want to join BRICS
BRICS—a coalition of large emerging economies comprised of Brazil, Russia, India, China, and South Africa—reportedly aims to expand nearly 22 years after its inception.
13 Jul 2023
Shehbaz SharifPakistan secures $3 billion bailout from International Monetary Fund
The International Monetary Fund (IMF) on Wednesday granted a much-awaited $3 billion bailout for Pakistan, a move that is likely to save the country from defaulting on its debt repayments.
30 Jun 2023
Pakistan NewsCash-strapped Pakistan strikes $3 billion standby bailout deal with IMF
Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) for a $3 billion loan program, the global lender said.
17 Jun 2023
Ranil WickremesingheSri Lankan president to visit India, may seek financial support
Sri Lankan President Ranil Wickremesinghe is set to visit India on July 21 for the first time since the country's political chaos and economic crisis last year.
20 May 2023
Krishnamurthy SubramanianWhy Rs. 2,000 note withdrawal is important, IMF expert explains
Dr. Krishnamurthy Subramanian, the executive director for India at the International Monetary Fund (IMF), has hailed the decision of the Reserve Bank of India (RBI) to scrap the circulation of Rs. 2,000 currency notes.
11 May 2023
Imran Khan (Pakistan PM)Imran Khan's arrest: 6 dead as protesters attack government buildings
The demonstrations in Pakistan against the arrest of former Prime Minister Imran Khan grew violent as protesters clashed with the police across the country. Reportedly, at least six people have died in the violence.
06 May 2023
Pakistan NewsPakistan: IMF's bailout package stalled amid debt, unmet loan conditions
The International Monetary Fund (IMF) is reportedly likely to hold up the already agreed bailout package for cash-strapped Pakistan.
12 Apr 2023
Indian EconomyIndian economy 'very strong,' will grow at 5.9%: IMF chief
The International Monetary Fund (IMF) on Tuesday slashed the growth projection for India from 6.1% to 5.9% for the financial year 2023-24. However, Daniel Leigh, the division's World Economic Studies chief, praised India, calling it one of the bright spots in the current global economy.
07 Mar 2023
Sri LankaChina backs Sri Lanka, clears way for IMF's $2.9B bailout
China has assured Sri Lanka a two-year moratorium for 2022 and 2023, paving the way for the International Monetary Fund's (IMF) $2.9 billion bailout.
03 Mar 2023
Pakistan NewsPakistan: Inflation reaches 31.6%, breaks 58-year record
Pakistan's monthly inflation rose to a historic high of 31.6% in February, the Pakistan Bureau of Statistics (PBS) said.
26 Feb 2023
Pakistan NewsPakistan economic crisis: Life-saving surgeries halted amid drug, equipment shortage
Pakistan's economic crisis is having a severe impact on the most vulnerable, as doctors there have been forced not to perform surgeries due to a shortage of essential drugs and equipment, ANI reported.
24 Feb 2023
Pakistan NewsNo business class flights, five-star hotels for Pakistan ministers
In light of Pakistan's ongoing financial crisis, the government has prohibited ministers from staying in five-star hotels or traveling in business class abroad.
21 Feb 2023
Pakistan NewsFunction as country; tax rich, subsidize poor: IMF tells Pakistan
The International Monetary Fund (IMF) has advised Pakistan that if it wants to function as a country, it must tax the rich and the high earners while ensuring that only the poor receive subsidies.
19 Feb 2023
Pakistan NewsPakistan already bankrupt, IMF bailout won't help: Defence Minister Asif
Pakistan has already gone bankrupt, the country's Defence Minister Khawaja Asif said while addressing an event in Sialkot on Saturday amid a massive cash crunch and decades-high runaway inflation.
16 Feb 2023
Pakistan NewsPakistan fuel price hits record high; Petrol at Rs. 280/liter
Pakistan announced a record increase in fuel prices on Wednesday, triggering a shock for its already overburdened citizens.
14 Feb 2023
Pakistan NewsPakistan price shock: Milk crosses PKR 210/liter, chicken PKR 700/kg
Amid Pakistan's economic crisis, the steep increase in the prices of essential food items following an unchecked price hike for daily-use items, particularly milk and chicken, has shocked its citizens.
10 Feb 2023
Pakistan NewsCash-strapped Pakistan, IMF fail to reach deal on bailout package
Pakistan and the International Monetary Fund (IMF) reportedly failed to arrive at a clear agreement for the latest installment of the bailout package pending since November, amounting to $1.1 billion.
31 Jan 2023
Indian EconomyAmid global slowdown predictions, IMF calls India 'bright spot'
India is likely to see some economic slowdown in the fiscal year 2023, the International Monetary Fund (IMF) said in its January update of the World Economic Outlook released on Tuesday.
30 Jan 2023
Pakistan NewsPakistan hikes petrol, diesel prices by PKR 35/liter amid crisis
Pakistan announced a whopping PKR 35/liter price hike on petrol and diesel on Sunday, Reuters reported.
27 Jan 2023
Pakistan NewsPakistan seeks bailout amid crisis as currency hits all-time low
The removal of the unofficial price cap in Pakistan saw its currency's largest single-day decline as it plummeted 9.61% to Rs. 255.43 against the US dollar on Thursday.
17 Jan 2023
ChinaChina's economy grows 3% in 2022, second-lowest in nearly 50yrs
China's economy in 2022 grew at the second slowest rate in nearly 50 years, raising concerns about the impact of the downturn on the global market, AFP reported.
02 Jan 2023
Kristalina GeorgievaOne-third of global economy will be in recession: IMF chief
For those who were expecting a better 2023, the head of the International Monetary Fund (IMF) has a grim warning. The new year is going to be "tougher than the year we leave behind," said Kristalina Georgieva.
12 Oct 2022
Gross Domestic ProductAmid global economic slowdown, India is in bright spot: IMF
The International Monetary Fund (IMF) claimed on Tuesday that India's economic growth was improving despite the global economic slowdown.
11 Oct 2022
Russia-Ukraine crisis'2023 will feel like recession,' warns IMF amid economic downturn
The International Monetary Fund (IMF) warned on Tuesday that global growth may see a further drop in 2023 as economies worldwide struggle to deal with the Russia-Ukraine crisis fallout, AFP reported.
03 Sep 2022
IndiaIndia is world's fifth-largest economy, but has to outperform UK
In a significant achievement, India has surpassed the United Kingdom (UK) to claim the position of the 5th largest economy in the world, International Monetary Fund (IMF) said.
03 Sep 2022
Sri LankaSri Lanka crisis: Gotabaya Rajapaksa returns; apprehension of protest grows
Former Sri Lankan President Gotabaya Rajapaksa returned to the country on Friday nearly two months after fleeing the island country amid the worst-ever economic downturn, according to AFP.
21 Aug 2022
Sri LankaIMF to visit Sri Lanka on Wednesday to assess debt
A team of the International Monetary Fund (IMF) will be visiting Sri Lanka this week to assess the island nation's total external and internal debt.
08 Aug 2022
BangladeshBangladesh: Protests erupt after 52% fuel price hike amid slowdown
Protests erupted across Bangladesh following a sharp increase in fuel prices amid the country's economic slowdown.
01 Aug 2022
Sri LankaMore important to rebuild Lanka than my own house: Wickremesinghe
Sri lankan President Ranil Wickremesinghe, in reference to the protesters' threats, said that there was no point in asking that he "should go home" because he has nowhere to go.
16 Jul 2022
Egypt#NewsBytesExplainer: Like Sri Lanka, these countries too facing economic setback
An economic crisis is brewing in many nations, including the neighboring countries of India.
11 Jul 2022
Sri LankaAmid Sri Lanka crisis, IMF chief warns of global debt
With Sri Lanka reeling under its worst economic crisis in seven decades, International Monetary Fund chief Kristalina Georgieva warned G20 nations over global debt.
10 Jul 2022
Sri LankaLanka crisis: Gotabaya to resign, Wickremesinghe's house set on fire
Sri Lankan President Gotabaya Rajapaksa on Saturday agreed to step down from his post after violent protests in which demonstrators stormed his official residence in Colombo, forcing him to flee to an unknown location.
28 Jun 2022
IndiaSri Lanka under virtual lockdown over fuel scarcity amid crisis
Citizens of Sri Lanka have been placed under a virtual lockdown as the worsening sovereign debt crisis has deprived the South Asian country of fuel.
18 Jun 2022
IndiaSri Lanka fuel crisis: 2-week 'work from home' for employees
The Sri Lanka government on Friday declared work from home (WFH) for its government employees for the next two weeks as the island nation is grappling with an acute fuel shortage amid the worst financial crisis it has seen since its independence in 1948.
15 Jun 2022
Imran Khan (Pakistan PM)Debt-ridden Pakistan government asks its people to drink less tea
Pakistan has asked its citizens to drink less tea in order to keep the country's economy afloat.
10 May 2022
Sri LankaSri Lanka: Ex-PM Mahinda flees to naval base amid protests
Former Sri Lankan Prime Minister Mahinda Rajapaksa and his family have reportedly sought refuge at a naval base in Trincomalee, in the country's northeast region.
19 Apr 2022
Sri LankaSitharaman assures Sri Lanka of all possible assistance from India
Finance Minister Nirmala Sitharaman on Tuesday "assured all possible cooperation" to her Sri Lankan counterpart Ali Sabry on the sidelines of IMF-WB Spring Meetings in the US.
14 Apr 2022
IndiaSri Lanka crisis: India to provide additional $2 billion aid
India is considering enhancing its financial assistance to crisis-hit Sri Lanka in the form of credits for essential commodities and balance-of-payment support.
12 Apr 2022
IndiaAmid economic crisis, Sri Lanka defaults on $51 billion debt
Sri Lanka on Tuesday announced that it was defaulting on its $51 billion external debt in anticipation of a bailout from the International Monetary Fund.
01 Apr 2022
Sri LankaProtests near Sri Lankan President Gotabaya Rajapaksa's home; 45 arrested
Thousands of people descended on the streets of Sri Lankan capital Colombo near President Gotabaya Rajapaksa's house on Thursday night, demanding that he step down.
29 Mar 2022
IndiaExplainer: What's behind Sri Lanka's worst economic crisis in decades?
Sri Lanka is experiencing one of its most severe economic crises in decades, with rising inflation, weak government finances, and COVID-19 shattering the economy.
20 Mar 2022
Pakistan NewsHow would you fund $1.5B subsidy package? IMF asks Pakistan
The International Monetary Pay (IMF) has asked Pakistan to clarify how it plans to fund a $1.5 billion subsidy package promised by Prime Minister Imran Khan.
03 Nov 2021
AfghanistanHow Taliban's foreign currency ban affects Afghanistan
The Taliban has banned all foreign currency in Afghanistan and ordered its citizens to only use Afghan currency for trade.
28 Jan 2021
United States of AmericaImprove health system to tackle COVID-19 crisis in future: Gopinath
As the world gradually makes its way out of the coronavirus crisis, International Monetary Fund (IMF) Chief Economist Gita Gopinath has said that countries should work on their health system and be ready to provide timely assistance to impacted segments of the society.
15 Jan 2021
Indian GovernmentIndia's new farm-laws potential 'step forward' for agricultural reforms: IMF
Backing the new farm laws introduced by the Indian Government, the International Monetary Fund (IMF) said that these laws have the potential to "represent a significant step forward" for agricultural reforms.
17 Apr 2020
Reserve Bank Of India (RBI)Struggling economy gets RBI's boost, big announcement for banks
With the economy stung drastically by the coronavirus pandemic, RBI Governor Shaktikanta Das addressed media for the second time in a month to announce key measures.
11 Apr 2020
ItalyCoronavirus kills over 100,000 globally; 50% died in a week
The novel coronavirus is highly contagious and is capable of wiping off cities, the new data about the death toll confirms, yet again.
03 Apr 2020
IndiaCoronavirus: World Bank approves $1bn emergency fund for India
The World Bank on Thursday approved a $1 billion emergency fund for India to deal with the coronavirus pandemic, which has killed over 70 in the country and infected 2,543.
31 Mar 2020
H-1B VisaCoronavirus: Anticipating job loss, H-1B workers seek extension in US
With the global economy dwindling in the wake of coronavirus pandemic, professionals working on H-1B visas in the United States fear massive job cuts, hence, they have asked the administration to allow them to stay there for longer.
