For a high saving rate economy, like the rest of Asia, he said, a modern, efficient, and soundly functioning financial sector is essential for mobilising the resource requirements of India's developmental aspirations.
The petitioner pointed out how there was no mechanism to determine the prices of the products and that the increase in prices of petroleum products would lead to a new wave of inflation.
To build a prosperous future, Georgieva said the world needs to harness the potential of digital technology and India's achievement in developing top-tier digital public infrastructure (DPI) stands as a beacon for others.
The official said there are risks associated with cryptocurrencies as there are the same set of entities who act as depository and clearing systems, unlike that in the stock market.
Pakistan's inflation rate remained over the target in August at 27.4 per cent as reforms outlined as requirements for an IMF loan make it more difficult to control price pressures
Protests in Pakistan continue to gain momentum with each passing day as hundreds of thousands of locals burn their electricity bills, rejecting the imposed high tariffs and taxes
IMF will conduct the first review of the USD 2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said
Pakistan is already struggling to keep up with IMF policies and these losses in production and services sectors are like an additional issue for the country
2023 is "very crucial" for the island nation as the International Monetary Fund is scheduled to hold its review meeting in September, Minister of Finance Shehan Semasinghe said
