IMF
IMF raises India's GDP growth projection to 6.1% in 2023-24
However this projection by IMF is still lesser than the 6.5 per cent growth projected by RBI for 2023-24. The IMF has also cautioned that persistent challenges could impact the medium term outlook.
Pakistan stock market jumps on hopes of IMF loan revival
The benchmark index rose 1245.32 points as the market anticipates that Pakistan can revive the stalled IMF loan to avoid a sovereign default, Geo News reported. Saad Ali, a capital market expert said the revised budget had revived hopes among the market stakeholders after the government added fresh taxes to the Finance Bill 2023-24, Geo News reported.
Moody's warns of 'highly uncertain' funding prospects for Pakistan
The credit rating company, in an issuer comment report, said: "Whether Pakistan will join another IMF programme may only become clear after elections, which are due by October 2023. Negotiations for any future IMF programme would also take some time, even if they succeed."
SL Prez assures to complete debt restructuring, come out of bankruptcy by Sep
The President has said that he took over the bankrupt country and brought its. economy to a stable state by going to the IMF. "The IMF had imposed tough conditions on us. But we had no other options," said.Wickremesinghe, who is also the Finance Minister had introduced severe tax hikes and other hard financial decision to please the.
With resilient growth in India and China's recovery, Asia-Pacific remains dynamic region: IMF
Krishna Srinivasan, Director of Asia and Pacific Department, IMF who represented the visiting IMF team in Colombo analyzed the global and regional outlook and stated that 2023 looks to be a challenging year for the global economy. Global growth is expected to decelerate and bottom out in 2023, as rising interest rates.
IMF warns of risks to Israeli economy posed by judicial reform, external factors
An IMF delegation visiting Israel submitted the report to the country's Finance Minister Bezalel Smotrich and the Governor of the Bank of Israel Amir Yaron on Wednesday, Xinhua news agency reported. The report, which analyses the Israeli economy in 2022 and includes forecasts and recommendations, stated that continued uncertainty around the judicial reform presents a notable downside risk to growth.
India projected to grow at 7% in 2022-23, says Sitharaman at IMF meet
Finance Minister Nirmala Sitharaman on Friday said that with both the International Monetary Fund (IMF) and the World Bank having projected India as the fastest-growing major economy in 2023
India, Japan and France announce launch of Sri Lanka's debt restructuring negotiations
Participating in a high-level event on Sri Lankan debt issues on the sidelines of International Monetary Fund (IMF) - World Bank (WB) Spring Meetings in Washington, the three co-chairs India, Japan, and France agreed to lead coordinated debt restructuring of the island nation. The purpose of the event was to demonstrate the multilateral cooperation regarding the debt restructuring process among the creditors, together with Sri Lanka.
IMF stands its ground, refuses to show any flexibility towards Pakistan
In the most recent development, Pakistan's Finance Minister Ishaq Dar had a virtual meeting with the IMF's Director for the Middle East and Central Asia Jihad Azour, where he requested the IMF Director to show flexibility and consideration towards Pakistan and sign the staff-level agreement.
Pakistani rupee hits all-time low amid high default risk
The currency slumped 1 per cent (or Rs 2.86) to Rs287.90 against the greenback at around 10.23 a.m. on Tuesday. A day earlier, the rupee had closed at Rs 285.04 per US dollar, the Express Tribune reported. Last month, the rupee had hit a record low, closing at Rs 285.09 per US dollar on February 3, it added.
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