Tag: international monetary fund

India growth forecast: IMF slashes India’s growth forecast for FY22 to 9.5% from its previous projection of 12.5%

The International Monetary Fund (IMF) has slashed India’s growth forecast for FY22 to 9.5% from its previous projection of 12.5% citing the severe second Covid-19...

Pakistan parliament passes FATF-related bill

Pakistan’s parliament has passed a bill for providing legal assistance in international criminal matters as part of efforts to fulfil the conditions set by the...

G20 finance chiefs back global tax crackdown

Finance chiefs of the G20 club of large economies have backed a landmark move to stop multinationals shifting profits into low-tax havens and win back...

Pakistan news: View: Pakistan should stop looking to leverage the Taliban

Pakistan’s founder, Mohammad Ali Jinnah, was convinced his fledgling nation’s most valuable asset was its location. In an interview a month after independence in 1947,...

IMF Chief Economist Gita Gopinath, NASA scientist Kamlesh Lulla among 34 immigrants honoured by prestigious US foundation

International Monetary Fund Chief Economist Gita Gopinath and NASA Scientist Kamlesh Lulla are among the 34 immigrants honoured by a prestigious American foundation ahead of...

Covid crisis in India a warning of possible events in other low- and middle-income countries: IMF

Observing that the ongoing “catastrophic” second wave of COVID-19 in India is a sign that the worst may be yet to come, the IMF has...

Covid-19: India crisis reveals complacency and lack of foresight, Raghuram Rajan Says | India News

NEW DELHI: India’s overwhelming surge of coronavirus infections has revealed complacency after last year’s first wave, as well as a “lack of foresight, a lack...

Covid will leave deep scars in world economy even after recovery

Just as some patients recovering from Covid-19 suffer long-lasting symptoms, it’s becoming clear that the same will be true for the global economy once this...

IMF projects India’s growth rate to jump to impressive 12.5 per cent in 2021

The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy...

India's 'Lock-Unlock-Relock' policy needs a relook

Mumbai hit a record number of 11,163 Covid-19 cases and 25 deaths on Sunday. This has prompted the Maharashtra government to roll out a slew...

World economy risks ‘dangerously diverging’ even as growth booms

The world economy is on course for its fastest growth in more than a half century this year, yet differences and deficiencies could hold it...

Pakistan explores options to import cotton from India to meet shortfall

Pakistan is mulling to import cotton from India with better prospects of gradual restoration in trade ties following last week’s bilateral arrangement to maintain peace...

Pakistan unlikely to exit ‘grey list’ as FATF meets to decide its fate: Report

Pakistan is unlikely to exit the ‘grey list‘ of the FATF as some European countries have taken the stand that Islamabad has not fully implemented...

Pakistan’s foreign debt & liabilities continue to surge

Pakistan’s foreign debt and liabilities increased by $3 billion or 2.6 percent during the six months period ended in December last, the country’s central bank’s...

Govt sticks to $5 trillion economy target; emphasis on infra aimed at achieving goal: DEA Secretary

The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken...

India’s 11.5% projected growth in FY22 will be largely mechanical: Gita Gopinath

The 11.5% growth projected by the International Monetary Fund (IMF) for India in fiscal 2022 will largely be mechanical, as the economy normalises from an...

Which developing economies will rise after the pandemic?

After 2000, globalization and surging commodity prices astronomically boosted economic growth among nations with emerging economies. Over the next decade their share of the global...

China reconsiders global strategy for Yuan

China is reconsidering its strategy for the internationalization of yuan after completing a comprehensive review recently, according to a senior central bank official. “As everybody...

Global recession: Tech-driven changes in job markets threaten social contract with workers: Experts

New Delhi/Geneva: Changes to job markets driven by new technologies, accelerated further by the COVID-19 pandemic, are opening up workers to threats as well as...

Government has no strategy to deal with coronavirus pandemic, revive economy: Congress

New Delhi: The Congress Friday hit out at the Modi government alleging it has no strategy to fight the coronavirus pandemic or revive the economy...

COVID-19 has resulted in largest global economic contraction in 80 years, say World Bank and IMF

WASHINGTON: The World Bank and the International Monetary Fund said the global economic contraction caused by the ongoing coronavirus pandemic is the largest in the...

Pakistan Coronavirus News: Lockdown over, Pakistan’s COVID-19 deaths, infections tick higher

ISLAMABAD: COVID-19 infections in Pakistan trended higher in recent days and were approaching 50,000, official data showed, with total deaths crossing 1,000, as the government...

View: Erecting a firewall against China will only hurt India

By Swaminathan S Anklesaria Aiyar Panicky restrictions look defensible in the short run and ridiculous in the longer run. This is true of the government...

Guardians of global economy come up short in fight against virus

By Rich Miller and Eric Martin The guardians of the global economy came up short. Facing what the International Monetary Fund says is a crisis...

BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans

LONDON (Reuters) – Bank of England Governor Andrew Bailey told Britain’s banks to speed up lending to companies as the coronavirus crisis threatens to deliver...