Hyderabad: India has the potential to become a USD 55 trillion economy by 2047 if state and central governments work hard to implement policies that will take the country’s growth from “what has been historically 7 % to 8% (in rupee terms)”, Krishnamurthy V Subramanian, Executive Director of the International Monetary Fund (IMF) said on … Read more
KARACHI: Pakistan is looking to clinch a staff level agreement on an International Monetary Fund bailout of more than $6 billion this month after addressing all of the lender’s requirements in its annual budget, its junior finance minister told Reuters. The South Asian country has set challenging revenue targets in its annual budget to help … Read more
Descrease article font size Increase article font size The Bank of Canada should consider better communication of its monetary policy intentions, building on the steps it has already taken to improve the transparency of messages it sends to the market, the International Monetary Fund said on Tuesday. The IMF has often suggested improvements to central … Read more
The International Monetary Fund warned Britain’s government on Tuesday that it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future. The IMF increased its projection for British economic growth in 2024 to 0.7% from an April … Read more
The recent Global Sovereign Debt Roundtable (GSDR) held in Washington DC addressed the pressing issue of mounting debt burdens faced by low- and middle-income countries (LMICs). Despite the progress in tackling global debt vulnerabilities, as acknowledged by the IMF and World Bank in the newly released GSDR report, and the glimmer of hope offered by … Read more
The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report. “History suggests, and empirical evidence confirms, that governments tend to spend more and or tax less in election year,” Vitor Gaspar, the head of … Read more
The International Monetary Fund’s executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. “The Board commended Ms. Georgieva’s strong and agile leadership during her term, navigating a series of major global shocks,” it said in … Read more
Washington: Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for … Read more
South Sudan has severely limited economic growth and development. The International Monetary Fund (IMF) has released a report highlighting the world’s poorest countries based on GDP per capita adjusted for purchasing power parity (PPP). While GDP is a measure of a country’s total economic output, PPP takes into account the cost of living, providing a … Read more
World Bank President Ajay Banga on Tuesday batted for removing barriers to private sector investment, saying it is key to tackling challenges before the global economy as neither the governments nor multilateral banks have trillions of dollars in their coffers. Speaking to World Economic Forum Founder and Executive Chairman Klaus Schwab in a podcast ahead … Read more
