IMF

  • G-7 countries ready to aid Ukraine 03-03-2014 12:10 PM

    Washington: Amidst raging tension, the group of seven rich economies (G-7) has committed itself to Ukraine's economic assistance and revival as long as Kiev agreed to pursue economic reforms sought by the IMF. In a statement, G-7 countries welcomed the decision of the International Monetary Fund (IMF) to send a...
  • Satisfied with G20 outcome, concerns on board: Chidambaram 23-02-2014 01:50 PM

    Sydney: Satisfied with the outcome of G20 meeting, Finance Minister P Chidambaram on Sunday said India's concerns with regard to withdrawal of US stimulus and the need to expedite IMF quota reforms have been taken on board by the group of rich and developing nations. "The communique has been drawn...
  • RBI will need to keep raising policy interest rate: IMF 22-02-2014 09:41 AM

    Mumbai: The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. "The ingrained nature of inflation and inflation expectations mean that reducing inflation - even over a protracted horizon - will require significant...
  • Indian economy much more resilient to external shocks: IMF 21-02-2014 12:11 PM

    The Indian economy is much more resilient to external shocks now than was last year, a top IMF official has said, attributing this to a series of administrative decisions and policy measures taken by the Union Government. "We see India much more resilient than they were about the middle of...
  • I am not a superman, says RBI governor 13-10-2013 08:06 PM

    Washington:With a "little bit of euphoria" surrounding him with the arrest of the Indian rupee's slide, RBI's new governor, Raghuram Rajan, has sought to temper expectations saying "I am not a superman". Portraying himself as a regular guy with "a wife and two kids," he told a Washington audience on...
  • India won't seek IMF funds in five years: Rajan 11-10-2013 06:49 PM

    India is not facing any economic crisis and won't approach IMF for funds in the next five years as the country has enough forex reserves, Reserve Bank Governor Raghuram Rajan has said. "There's no way we are close to being a country in financial or economic crisis...There's not a chance...
  • India rejects IMF projections on economic growth 09-10-2013 09:58 PM

    New Delhi: India on Wednesday rejected IMF's growth projections of 3.75 per cent for the current fiscal as "pessimistic", saying that the economy is turning around and the GDP expansion will exceed 5 per cent. "I reject the IMF numbers. The Indian economy is seeing turnaround both in terms of...
  • Rupee trims early losses, still down 39 paise against dollar 09-10-2013 09:34 AM

    Mumbai: In line with the equity market, the rupee trimmed early losses and was quoted down 39 paise to 62.18 against the dollar on demand from banks and importers for the US currency as it strengthened overseas. The rupee resumed lower at 62.07 per dollar as against the previous close...
  • Chidambaram to arrive in US today for World Bank annual meeting, likely to discuss tax issues 09-10-2013 08:50 AM

    US Treasury Secretary Jacob Lew is likely to raise issues of taxation and deepening collaboration on combating illicit financial activity with Finance Minister P Chidambaram, who arrives in US on Wednesday to attend the IMF/World Bank annual meetings. Lew will host Chidambaram on October 13 for the fourth annual meeting...
  • P Chidambaram visits US, to woo investors 08-10-2013 08:15 PM

    New Delhi, Oct 8 (IANS)Finance Minister P Chidambaram will be on a week's visit to the US beginning Wednesday to woo foreign investors and attend the annual meeting of the World Bank and the International Monetary Fund. According to a finance ministry statement here, Chidambaram will attend annual plenary meetings...
  • IMF lowers India's growth projections to 3.8 percent 08-10-2013 06:47 PM

    Washington:With the world economy entering yet another transition, the International Monetary Fund (IMF) expects India to grow at around 3.8 percent in fiscal 2013, about 1.8 percentage points lower than its July projection. For fiscal year 2014, growth is projected to accelerate somewhat to 5 percent, again 1.1 percentage points...
  • US debt crisis threatens world economy: IMF 04-10-2013 11:47 AM

    Washington: Terming the current debt crisis in America as "mission-critical", the International Monetary Fund has warned the US that its impending debt crisis could damage not only its domestic economy, but the entire global economy. "The ongoing political uncertainty over the budget and the debt ceiling does not help. The...
  • MFN Status will be given to India: Pakistan 07-09-2013 12:44 PM

    Islamabad: Pakistan has assured the International Monetary Fund (IMF) of granting the most favoured nation (MFN) status to India. In a written assurance to the IMF, Pakistan said it was moving forward with eliminating the negative list on trade with India as part of its overall trade policy. "We are...
  • Raghuram Rajan takes over as RBI governor 04-09-2013 05:10 PM

    Raghuram Rajan takes over as governor of the Reserve Bank of India in a difficult time. But the 50-year-old former IMF chief economist has already had a taste of working with the government: He was Chief Economic Advisor in the finance ministry under P Chidambaram. His move to the RBI...
  • Montek Singh Ahluwalia rules out approaching IMF over economic woes 31-08-2013 06:21 PM

    Hit by a currency crisis and poor growth, India on Saturday ruled out approaching the International Monetary Fund (IMF) for assistance, saying the economic situation has not reached a point where outside help is warranted. Planning Commission Deputy Chairman Montek Singh Ahluwalia said the RBI's forex reserves are adequate to...
  • RBI chief Raghuram Rajan: The young, outspoken former IMF heavyweight 07-08-2013 08:35 AM

    New Delhi: India named a former International Monetary Fund chief economist to head the Reserve Bank of India on Tuesday, giving fresh impetus to efforts to revive a struggling economy and a currency that is languishing at record lows. Raghuram Rajan, who predicted the global financial crisis in 2005, will...
  • IMF agrees to give Pak USD 5.3 bln loan to boost growth 05-07-2013 07:00 AM

    Islamabad: The International Monetary Fund on Thursday agreed to extend a USD 5.3 billion three-year loan facility to Pakistan to boost the country's foreign exchange reserves, fight an acute energy crisis, and prop up a sliding currency. Pakistan Finance Minister Ishaq Dar and Head of the IMF Mission Jeffrey Franks...
  • India to grow at about 5.8 in FY14: IMF 01-05-2013 08:55 PM

    New Delhi: IMF has projected 5.8 per cent economic growth for India in this fiscal 2013-14 and said pace of investment in infrastructure should increase to get back to 8 per cent expansion level. "We are forecasting India to grow at about 5.8 per cent this fiscal (2013-14) and 6.3...
  • Indian economy will grow by 6.1 pc this fiscal: World Bank 30-04-2013 01:39 PM

    New Delhi: World Bank on Tuesday scaled down India's growth forecast to 6.1 per cent for the current fiscal from 7 per cent projected six months ago. The decline in the growth forecast is largely due to the decline in agriculture sector which is expected to grow at 2 per...
  • Global economy avoided the worst but still shaky: IMF 20-04-2013 11:55 PM

    Washington: The global economy might have avoided the worst but it is by no means out of the woods, the International Monetary Fund said on Saturday adding that emerging markets face the risk of avoiding potential financial excesses and as such they should rebuild macroeconomic policy space and further strengthen...
  • IMF recognises Somalia after 22 years of chaos 13-04-2013 10:30 AM

    Washington: The International Monetary Fund has announced that it is recognising Somalia's new government after a 22-year break in relations with the once-chaotic country, part of a general push by the United States, United Nations and the West toward encouraging rehabilitation there. The US formally recognised the African nation's new...
  • Inflation likely to remain stable as recovery strengthens: IMF 09-04-2013 07:41 PM

    Washington: Asserting that inflation is likely to remain stable as the recovery strengthens, the International Monetary Fund has said fears about high inflation should not prevent monetary authorities from pursuing highly accommodative monetary policy. "With long-term inflation expectations firmly anchored, inflation is also likely to remain stable as the recovery...