IMF chief urges China to boost growth through ‘pro-market reforms’

Beijing – The managing director of the International Monetary Fund called on China on Sunday to implement a “comprehensive package of pro-market reforms” to boost a sluggish economy plagued by a housing market crisis, sluggish domestic demand and high youth unemployment. Chinese policymakers have so far resisted large-scale government stimulus to boost the economy, instead … Read more

IMF agrees to disburse $880 million loan to Ukraine

Washington — The International Monetary Fund’s executive board on Thursday approved the third review of Ukraine’s $15.6 billion loan program, allowing $880 million to be released for budget support, bringing the total disbursement to $5.4 billion, the International Monetary Fund said. The global bank said risks to Ukraine remained unusually high, particularly uncertainty surrounding the … Read more

Egypt says it has reached agreement with IMF to increase bailout loans

cairo — Egypt said on Wednesday it had reached an agreement with the International Monetary Fund to increase its bailout loan to $8 billion. Prime Minister Mustafa Madbouly announced the news in a televised speech on Wednesday. Egypt has been in talks with the International Monetary Fund for months to increase the $3 billion bailout … Read more

Maldives faces high risk of foreign debt crisis after Chinese borrowing: IMF

The president of the Maldives thanked China last month for its “selfless assistance” The International Monetary Fund warned on Wednesday that the strategically located Indian Ocean nation of the Maldives faces a high risk of a “debt crisis” as it borrows heavily from China and switches its allegiance to India. Beijing has pledged more funds … Read more

Nirmala Sitharaman: 7% growth possible; global institutions like IMF step up assessments Exclusive interview

Last updated: February 2, 2024 18:01 UTC Union Finance Minister Nirmala Sitharaman on Friday said in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi that the Narendra Modi government has Confidence controls inflation and keeps economic growth strong. Parliament before the Lok Sabha elections. She also talked about India’s growth expectations and how international … Read more

India’s success stems from reforms over past few years: IMF Managing Director Kristalina Georgieva

Published by: Muhammad Haris Last updated: February 2, 2024 09:15 UTC International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that India’s economic success is rooted in its pursuit of reforms over the past few years, and she expressed hope that by staying the course it will be able to survive by 2047 … Read more

Houthi attacks lead to nearly 30% drop in Red Sea container traffic: IMF

The rebels said the attacks were in solidarity with the Palestinians. (document) Dubai: Container traffic across the Red Sea has fallen by nearly a third this year as attacks by Yemen’s Houthi rebels continue, the International Monetary Fund said on Wednesday. Jihad Azour, director of the International Monetary Fund’s Middle East and Central Asia Department, … Read more

IMF: India’s economic growth will remain at a strong level of 6.5% in 2024 and 2025

Last updated: January 30, 2024 23:12 UTC Washington, DC, United States of America (USA) The International Monetary Fund (IMF) on Tuesday said in its latest World Economic Outlook update that India’s economic growth is expected to remain strong at 6.5% in 2024 and 2025. The report predicts that global economic growth will be 3.1% in … Read more

IMF raises global forecast for 2024, India continues to be bright spot

IMF’s headline inflation outlook for 2024 remains unchanged at 5.8% Washington: The International Monetary Fund announced on Tuesday that it would raise its global economic growth forecast to 3.1% in 2024, citing unexpected “resilience” in the world’s major developed and emerging market economies. The updated data released in the latest World Economic Outlook (WEO) report … Read more

Impact of AI on jobs: IMF says nearly 40% of global jobs could be disrupted by AI

The International Monetary Fund warned that the spread of artificial intelligence (AI) could impact nearly 40% of jobs worldwide, potentially increasing global inequality. In a Sunday blog post, IMF chief Kristalina Georgieva called on governments to set up social safety nets and introduce retraining programs to counter the impact of AI, a report cnn Said. … Read more