International Monetary Fund: News
29 Jun 2018
IndiaIMF has three advices for India to sustain high growth
The International Monetary Fund (IMF) said today that to sustain the high growth rate India has achieved, it should carry out banking sector reforms, continue with fiscal consolidation, simplify and streamline good and services tax (GST), and renew impetus on reforms.
01 Jun 2018
IndiaMobile-manufacturing factories rose from 2 to 120 since 2014: Prasad
India is becoming a major manufacturing hub of mobile phones with the number of handset factories in the country going up to 120 in the last three-and-a-half years, Union Minister for Information Technology Ravi Shankar Prasad said.
29 May 2018
ItalyItaly crisis: Call to impeach President amid government-forming efforts
Amid Italy's deepening political crisis, the leader of Italy's biggest political party has called for the impeachment of President Sergio Mattarella after he vetoed a choice for the finance minister.
24 Apr 2018
IndiaRaghuram Rajan is 'top contender' as Bank of England Governor
The Bank of England will bid goodbye to its current governor next year, and authorities are gearing up to launch a hunt for Mark Carney's successor.
22 Apr 2018
IndiaIndia's GDP expected to reach $5 trillion by 2025
India is poised to remain the fastest growing large economy in the world and its GDP is expected to reach $5 trillion by 2025 as the economic reforms adopted in last few years have started to bear fruit, a top Indian official said.
22 Apr 2018
United States of AmericaWorld debt hits record $164 trillion: Should we be worried?
The global economy has been in its strongest upswing since 2011, but there's a monster under the bed.
21 Apr 2018
Supreme Court Of IndiaDeath penalty for child rapists: Modi Cabinet approves Ordinance
The Cabinet on Saturday cleared the ordinance seeking death penalty for those raping children under 12.
21 Apr 2018
IndiaIndia's growth momentum must continue despite elections, says IMF
The International Monetary Fund said it wants continued momentum in India's growth and structural reforms despite the election period.
20 Apr 2018
IndiaIf policies managed well, India can become powerhouse economy: IMF
India can become a powerhouse economy if policies are managed well and reforms are supportive of inclusive growth, said David Lipton, First Deputy Managing director of International Monetary Fund.
19 Apr 2018
IndiaGlobal debt reached record-high of $164 trillion in 2016: IMF
The global debt has reached a record high in 2016 at $164 trillion, or almost 225% of GDP, said Vitor Gaspar, Director of IMF.
19 Apr 2018
IndiaIndia using 'right policies' to lower high debt level: IMF
India has "quite a high" level debt to GDP ratio, but New Delhi is trying to lower it using "the right policies", the International Monetary Fund has said.
02 Apr 2018
Donald TrumpChina hits-back at US, imposes tariffs on imports worth $3bn
Days after proposing tariffs on American products, China has made it official for 128 items imported from the US, including pork and wine.
23 Mar 2018
AustraliaAfter US targets China, Beijing hits back with proposed tariffs
Hitting back at the US' trade tariffs, China has proposed similar action on 128 US products, which had an import value of $3bn last year.
11 Mar 2018
IndiaIndia seems to be recovering from demonetization disruptions: IMF
The International Monetary Fund (IMF) on Sunday said that the Indian economy now seems to be on its way to recovering from disruptions caused by demonetization and roll-out of goods and services tax (GST).
05 Mar 2018
Donald TrumpWar of words on trade between Trump and EU intensifies
US President Trump is stepping up his war of words on trade tariffs, and has threatened to "apply a tax" on car imports from the European Union.
28 Feb 2018
World Bank15th Finance Commission to soon decide what populism is
In a first, the Finance Commission, which recommends how much money states should get out of the taxes collected by the central government, will define what a populist measure is and recommend incentives for states that do not resort to them.
18 Feb 2018
Pakistan NewsPakistan borrows $500mn from China to support diminishing reserves
Pakistan has taken another foreign commercial loan of $500mn from Industrial and Commercial Bank of China (ICBC) to support its diminishing foreign currency reserves.
18 Nov 2017
KuwaitQatar the richest country in the world per capita
Based on the per capita income of its people, Qatar has been named the world's richest country.
15 Oct 2017
IndiaIndia on solid growth-track, says IMF Chief backing GST, demonetization
Only days after the International Monetary Fund slashed India's growth forecast for 2017 and 2018, IMF Managing Director Christine Lagarde said the country's economy is on a "very solid track" in the medium term.
11 Oct 2017
IndiaIMF cuts India's growth forecast, but expects a medium-term recovery
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
06 Oct 2017
IndiaIndia's economic-slowdown an "aberration"; GST, a huge positive: World Bank
The World Bank said the recent Indian economic slowdown is an "aberration" due to temporary disruptions in the run-up to Goods and Services Tax, adding it will be rectified soon.
31 Jul 2017
VenezuelaClashes mar Venezuela's constituent assembly vote, 10 killed
At least 10 people have died in protest-related violence in Venezuela as the country voted for a controversial constituent assembly.
24 Jul 2017
United States of AmericaIMF downgrades UK and US growth forecasts for 2017
The US and UK economies are expected to grow more slowly in 2017 than previously predicted, the International Monetary Fund (IMF) said.
20 Jul 2017
Donald TrumpVenezuela defies US sanctions threat on constituent assembly election
The Venezuelan government said it will hold a controversial constituent assembly election despite threats of US sanctions.
26 May 2017
GreeceFormer Greek PM Papademos injured in car explosion
Former Greek PM Papademos was injured after an explosive went off inside his car in Central Athens.
03 May 2017
IndiaOver $21 billion illicit financial outflows from India in 2014
Data from international watchdog Global Financial Integrity has revealed that in 2014, over $21 billion in illegal money found its way out of India.
29 Apr 2017
BrazilBrazil burns as the first general strike ended
Violence has broken out in Brazil as the country saw its first general strike in almost 20 years.
28 Apr 2017
IndiaIndia is set to become the world's fourth-largest economy
It's been 70 years since our independence; 5 more years and we will push Britain out of the top five economies. We would emerge as the world's fourth-largest economy overtaking Germany on the way.
09 Apr 2017
GreeceGreece, eurozone reach basic agreement to unlock bailout payments
Eurozone finance ministers said they have reached an "in principle" agreement with Greece on the contents of a deal to release a delayed bailout payment.
01 Feb 2017
IndiaHighlights of Union Budget 2017
Union Finance Minister Arun Jaitley said growth will recover in 2017.
24 Jan 2017
IndiaBudget giveaways uncertain due to demonetization distress
Finance Minister Arun Jaitley is under pressure to offer tax giveaways and increase capital and welfare spending in the upcoming union budget.
08 Jan 2017
ChinaChina's forex reserves drop, hit a 6-year low
China's foreign exchange reserves dropped by $41 billion to $3.011 trillion, the lowest since March 2011.
14 Nov 2016
EgyptIMF approves $12bn loan to Egypt
The International Monetary Fund (IMF) approved a three-year $12bn loan for Egypt to help it come-out the deep economic crisis, bring down public debt and control inflation.
21 Oct 2016
Saudi ArabiaSaudi Arabia raises $17.5 billion through first bond issue
Saudi Arabia raised a massive $17.5 billion in one of the largest bond sales clocked for an emerging country.
02 Oct 2016
United States of AmericaChina's Yuan joins IMF's list of reserve currencies
The Chinese Yuan will enter International Monetary Fund's (IMF) reserve-basket of currencies with 'Special Drawing Rights' (SDR).
