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The International Monetary Fund has warned that the Iran war is set to darken the global economic outlook, with Managing Director Kristalina Georgieva confirming a downgrade in growth forecasts next week. Despite resilience shown in past trade shocks, the conflict has disrupted energy supplies, raised oil and gas prices, and shaken business confidence.
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IMF Managing Director Kristalina Georgieva said artificial intelligence could raise global growth by 0.8 per cent, making India’s ambition of becoming a Viksit Bharat by 2047 achievable. She also cautioned that AI also poses significant risks to employment.
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He further slammed Pakistan's internal failures, adding, "Leave ruling, you don't know how to run an economy. What do you have? Just speaking on Islam. Truth is, they have nothing and are using this rhetoric to escalate tensions between Hindus and Muslims in India."
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Points out that country needs to work on quality of life, air, water
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The absence of a specialised regulatory authority and enforcement for the industry is too glaring to ignore
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As per the report, the US will grow at 2.1 per cent, Germany will grow at 0.5 per cent, France at 1 per cent, Japan at 0.9 per cent and China at 4.6 per cent.
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He added that tough decisions had to be taken to set in the reforms to correct the economic wrongs of the past.
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In the international markets, both gold and silver were trading lower at USD 1,950 per ounce and USD 22.45 per ounce, respectively
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The IMF is seeking a 100 per cent 'rise' in the gas tariff to minimize the losses and circular debt in Pakistan's gas sector.
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The International Monetary Fund (IMF) has cut China's GDP growth forecast for the financial year 2023-24 to 5.30 per cent, 20 basis points lower than its July estimate.
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In March this year, the International Monetary Fund approved a 48-month, USD 2.9 billion extended arrangement under the Extended Fund Facility to support Sri Lanka's economic policies and reforms
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IMF Managing Director Kristalina Georgieva has urged Pakistan to collect more taxes from the wealthy and protect the poor people
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The Pakistan people will only get relief in terms of delayed payments of the bills, who are consuming electricity under 200 units for six months continuously
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Sri Lanka has formally announced an end to the fuel rationing scheme imposed one year ago during the height of the unprecedented economic crisis
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Pakistan has welcomed the IMF's partial bailout with a deep sense of relief, but also with a red face in what many perceive as direct interference in their internal affairs after the global lender conducted unprecedented meetings with various institutions
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Organisations must accommodate cultural differences to foster a productive work environment
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Yet another international agency has now lowered India’s economic growth forecast. Contrary to the NDA government’s proud proclamations that the country would witness a high growth trajectory, one international organisation after the other has been downgrading India’s growth estimates. The latest to join the chorus is the International Monetary Fund (IMF) which has downgraded the […]
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Tobias Adrian, Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target.
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By Amitava Mukherjee Hasina Wazed, the Prime Minister of Bangladesh, is scheduled to come to India at a time when her country is exercising a ‘politics of balance’ in order to steer clear of an impression that Dhaka is willingly embracing a Chinese dragnet. Her country is running short of money and in order to […]
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The surreal images of protestors storming the presidential palace and Prime Minister’s residence represent utter chaos enveloping Sri Lanka. The scenes of the protestors having a free run inside the official residences may be disturbing but they demonstrate the sheer power of street protests and frustration of the people over the deepening economic crisis. The […]
