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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 […]
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Colombo: Sri Lankan Energy Minister Kanchana Wijesekera has issued a stark warning over the country’s fuel stocks as it faces its worst economic crisis in more than 70 years. On Sunday, Wijesekera told reporters that the country had 12,774 tonnes of diesel and 4,061 tonnes of petrol left in its reserves, reports the BBC. “The […]
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Author: V. Srinivas Publishers: Vij Books India Pvt Ltd, New Delhi (India) & Indian Council of World Affairs, Sapru House, New Delhi (2015). V. Srinivas, a career civil servant, distinguishes himself as a pragmatic researcher in this excellent research output of over fifteen months. Authenticity of this publication arises from his participation in Annual Fund-Bank […]
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Colombo: Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sabry was speaking to Parliament after returning to Sri Lanka from talks with the International Monetary Fund. He said any IMF rescue program, including a rapid financing instrument needed […]
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By V Thiagarajan The International Monetary Fund (IMF) recently slashed its forecast for global economic growth by nearly a full percentage point citing Russia’s war in Ukraine, and warned that the world must brace itself for an economic slowdown as well as a burst in inflation. The IMF expects inflation to remain elevated throughout the […]
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The biggest risks of the unregulated cryptocurrency market are money laundering and terror financing. It is for this reason that India has made a strong case for regulating cryptocurrencies at a global level. Since the regulation cannot be done by a single country within its terrain, it has to be a global initiative to figure […]