Citing India’s ‘reform momentum’, IMF raises growth projection as it remains fastest-growing economy
United Nations, July 29 (IANS) Citing its “reform momentum” as one of the factors, the International Monetary Fund on Tuesday raised India’s growth projections for this and next fiscal years to 6.4 per cent as it continues as the world’s fastest-growing major economy. Deniz Igan, a division chief in the Research Department, said one of […]
India’s strong performance an opportunity for reforms to achieve advanced economy status by 2047: IMF
United Nations, March 1 (IANS) Commending India’s “prudent” policies, the International Monetary Fund’s (IMF) Executive Board has said its strong economic performance can help it adopt critical reforms to achieve advanced economy status by 2047. A report after the IMF’s annual consultations with India said its “strong economic performance provides an opportunity to advance critical […]
Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery
Colombo, March 1 (IANS) The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support […]
IMF committed to financing MENA countries needing support with $33 billion funding
DUBAI(RAHNUMA): The International Monetary Fund remains committed to helping countries that need support in the MENA region with financing of $33 billion, IMF’s Managing Director Kristalina Georgieva told the World Government Summit on Tuesday. “Today the IMF is supporting over 50 vulnerable countries, half of them are in sub-Saharan Africa … more important is we […]
