IMF says risks to financial stability have increased, calls for vigilance

International Monetary Fund Managing Director Kristalina Georgieva. File | Photo Credit: Reuters Risks to financial stability have increased, International Monetary Fund chief Kristalina Georgieva said in a speech delivered in Beijing on March 26, calling for continued vigilance despite moves by advanced economies to calm market stress. The IMF managing director reiterated her view that 2023 would […]

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Sri Lanka receives first tranche of IMF bailout

File photo of a vendor holding Sri Lankan bank notes while working at a market in Colombo on March 20, 2023. | Photo Credit: AFP Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told Parliament on March 22. The crisis-ridden island nation was scheduled to receive a $330 […]

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Adani investment has come in, we are not panicking about projects: Sri Lankan Foreign Minister Ali Sabry

Sri Lanka’s economic recovery, trade, investment and the development partnership were at the top of the agenda as Sri Lankan Foreign Minister Ali Sabry met with External Affairs Minister S. Jaishankar in Delhi on March 4. Speaking to The Hindu earlier, the Sri Lankan Foreign Minister said that his government’s focus is on the IMF […]

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Weekly inflation rises to 38.4% in cash-strapped Pakistan

People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. – The Sensitive Price Index, used to measure short-term inflation, rose to 38.42% on a year-on-year basis in Pakistan. | Photo Credit: AFP The yearly inflation hit a new high of 38.42% in the outgoing week in cash-strapped Pakistan as […]

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IMF chief wants central banks to keep raising rates to hit ‘neutral’ level

‘It would take until 2024 for the positive effect of central banks raising rates globally to be felt,’ said International Monetary Fund chief Kristalina Georgieva ‘It would take until 2024 for the positive effect of central banks raising rates globally to be felt,’ said International Monetary Fund chief Kristalina Georgieva International Monetary Fund chief Kristalina […]

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IMF asks countries to preserve vital foreign reserves amidst appreciating U.S. dollar

The U.S. dollar is at its highest level since 2000, having appreciated 22% against the yen, 13% against the Euro and 6% against emerging market currencies since the start of this year The U.S. dollar is at its highest level since 2000, having appreciated 22% against the yen, 13% against the Euro and 6% against […]

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Sitharaman discusses current global situation and G-20 presidency with Gita Gopinath

India will assume the Presidency of the G20 for one year from December 1, 2022 to November 30, 2023. India will assume the Presidency of the G20 for one year from December 1, 2022 to November 30, 2023. Finance Minister Nirmala Sitharaman has met IMF’s Deputy Managing Director Gita Gopinath during which they discussed current […]

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India unlikely to be hit as hard by global recession as other countries: SBI chairman

With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said With a projected growth rate of 6.8% and inflation “much under control”, India is doing reasonably well State Bank of India Chairman Dinesh Khara said The impact of a global […]

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Sitharaman briefs G20 FMs on its 2023 presidency agenda

Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating Union Finance Minister Nirmala Sitharaman called for collective responsibility of G20 countries to prevent global economic risks from aggravating India on Thursday briefed the finance ministers and central bank governors of G20 countries about its agenda […]

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India should choose fiscal, monetary policy carefully to support ‘bright spot’ growth forecast: IMF

With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India was “still a bright spot”, said an IMF official With downgrades in growth forecasts from June, and a slowdown predicted next year, a growth rate next fiscal year of 6.1% for India […]

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