Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target The International Monetary Fund (IMF) on Tuesday praised the […]
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U.S. Treasury Secretary Yellen to visit India in November Finance Minister Nirmala Sitharaman held bilateral talks with her American counterpart, Treasury Secretary Janet Yellen, during which Ms. Yellen announced that she would visit India in November. “I am glad to announce today that in November ahead of the G20 meetings, I will take my first […]
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The International Monetary Fund is once again lowering its projections for global economic growth in 2023 The International Monetary Fund is once again lowering its projections for global economic growth in 2023 Two principal economists painted very different pictures on Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, […]
Continue ReadingIndia’s former Chief Economic Adviser Krishnamurthy Subramanian has been appointed to the post of Executive Director (India) at the IMF, with effect from November 1, 2022 India’s former Chief Economic Adviser Krishnamurthy Subramanian has been appointed to the post of Executive Director (India) at the IMF, with effect from November 1, 2022 The Appointments Committee […]
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Sri Lanka has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos as part of the cash-strapped island nation’s bid to tackle its worst economic crisis triggered by the shortage of foreign exchange. Sri Lanka is going through its worst economic crisis since its independence in 1948. The worsening […]
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“It is believed that the International Monetary Fund has asked Pakistan to provide firm guarantees that its friends would provide $4 billion for its external requirements,” a media report said. “It is believed that the International Monetary Fund has asked Pakistan to provide firm guarantees that its friends would provide $4 billion for its external […]
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Sri Lanka’s inflation surged to 60.8% in July, up from 54.6% in June, the crisis-hit country’s statistics department said on Saturday, as food and fuel remained scarce amid depleted foreign exchange reserves. The year-on-year inflation based on the Colombo Consumer Price Index was 60.8% in July, the Department of Census and Statistics said in a […]
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Sri Lanka’s inflation surged to 60.8% in July, up from 54.6% in June, the crisis-hit country‘s statistics department said on Saturday, as food and fuel remained scarce amid depleted foreign exchange reserves. The year-on-year inflation based on the Colombo Consumer Price Index was 60.8% in July, the Department of Census and Statistics said in a […]
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The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items in May by the Shehbaz Sharif government The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items in May by the Shehbaz Sharif government : Cash-strapped Pakistan’s trade deficit has surged […]
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Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Cash-strapped Pakistan has secured a deal with the International Monetary Fund (IMF) to restore the stalled $6 billion assistance package and unlock doors […]
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