International Monetary Fund: News
11 Jan 2025
IndiaIMF chief predicts India's economy to weaken in 2025
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has predicted a slight weakening of India's economy in 2025.
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.
