The Reserve Bank of India governor has said that the International Monetary Fund(IMF) should not allow the U.S to bilaterally label countries as currency manipulators. He questioned the US bi-annual report calling out emerging markets for currency manipulation.He said that such labelling should not be a bilateral prerogative when multilateral institutions like the IMF exist.… Continue reading Currency policing should be done by IMF not US:RBI governor Shaktikanta Das
Tag: IMF
IMF cuts India’s growth forecast for 2019-20 to 7%
The International Monetary Fund(IMF) has released the World Economic Outlook report.The report has projected a slower growth rate for India in 2019 and 2020.It has projected that Indian economy will grow at 7.0% in 2019 and 7.2% in 2020. The downward revision of 0.3 percentage point for both years reflects a weaker-than expected outlook for… Continue reading IMF cuts India’s growth forecast for 2019-20 to 7%
Explained: Understanding Pakistan’s IMF bailout
The International Monetary Fund(IMF) and Pakistan have agreed on terms for a $6bn bailout package to be disbursed to Pakistan over a span of more than three years. Earlier,Pakistan had asked the IMF to bail itself out from a severe financial crisis that threatens to cripple the country’s economy. Pakistan has already received financial aid… Continue reading Explained: Understanding Pakistan’s IMF bailout
Exports growth slides to four-month low in April
According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s export growth has also slowed down to a four month low in April,2019 at 0.64% due to slowdown in labour-intensive sectors such as leather products,… Continue reading Exports growth slides to four-month low in April
India warns IMF against fresh bailout for Pakistan
Indian Government has cautioned the International Monetary Fund against the fresh bailout for Pakistan. Pakistan has been seeking US $8 billion from the IMF to bail itself out from a severe financial crisis that threatens to cripple the country’s economy. Indian officials has told the IMF that Pakistan which was already grey listed by Financial… Continue reading India warns IMF against fresh bailout for Pakistan
High stock of non-performing assets in India, more progress needed: IMF
According to the International Monetary Fund(IMF),the level of non-performing loans in India remains high.IMF has favoured strengthening the level of capitalisation of some banks,particularly government-owned banks. Further,the IMF has said that strengthening the level of capitalisation in banks was one of the recommendations of the Financial Sector Assessment Programme (FSAP) for India. The Financial Sector… Continue reading High stock of non-performing assets in India, more progress needed: IMF
IMF forecasts dip in global growth in 2019
The International Monetary Fund (IMF) in its World Economic Outlook(WEO) report has said that India is projected to grow at 7.3% in 2019 and 7.5% in 2020.The growth will be supported by the continued recovery of investment and robust consumption,thus remaining the fastest growing major economy of the world. IMF expects inflation to remain below… Continue reading IMF forecasts dip in global growth in 2019
U.S.-China trade war poses the biggest risk to global stability, says IMF official
The International Monetary Fund(IMF) official has said that trade war between the United States and China poses the greatest risk to global stability.The ongoing trade war has affected the flow of billions of dollars of goods between the two countries. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or… Continue reading U.S.-China trade war poses the biggest risk to global stability, says IMF official
