INTERNATIONAL MONETARY FUND

Pakistan: In Major Cabinet Reshuffle, Portfolios of Several Ministers Changed

Announcing his first major cabinet reshuffle after taking office, Pakistan Prime Minister Imran Khan on Thursday brought in five new aides and changed the portfolios of four ministers, including that of Information Minister Fawad Chaudhry, who has now been assigned Science and Technology ministry.

IMF's Visit to Pakistan Postponed

International Monetary Fund (IMF) mission's visit to Pakistan for finalising a bailout package has been postponed until May.

RBI Governor Shaktikanta Das Suggests Recalibration of Policy Rates

RBI Governor Shaktikanta Das on Friday proposed to his peers on the sidelines of an International Monetory Fund (IMF) event here that the monetary policy can be well served by calibrating the size of the policy rate, instead of the 25 basis points (bps) unit.

IMF Chief Economist Gita Gopinath Raises Concern Over India's GDP Calculation

Several experts have expressed doubt over the unemployment, growth rate figures and have alleged that the government was suppressing uncomfortable data.

World Bank to Be 'Deeply Involved' in Venezuelan Crisis

Venezuela is currently in the throes of a political and economic crisis, which is worsened by hyperinflation, blackouts, and an acute shortage of water and medicines.

India Has Scope for Cutting Food, Fertiliser Subsidies: IMF

In evaluating the proposed schemes, one has to look at the whole package of how they will benefit the people and how they will be financed.

IMF Cuts Global Growth Forecast to 3.3% for 2019

The International Monetary Fund (IMF) on Tuesday (local time) lowered its global growth forecast for 2019 to 3.3 per cent from the previous level of 3.5 per cent in its latest World Economic Outlook (WEO).

Pakistan Hints at Allowing Western Neighbours to Trade With India Through Its Land Route

Pakistan on Monday hinted at the fact that it would allow its western neighbours to trade with India through its land route.

Raghuram Rajan Questions Official GDP Data, Says ‘How Can We Grow at 7% and Not Have Jobs’

“I know one minister (in the Narendra Modi government) has said (that) how can we be growing at 7 per cent and not have jobs. Well, one possibility is that we are not growing at 7 per cent,” he told a news channel.

Argentines Protest in Push for 'food Emergency' Declaration

Thousands took to the streets in 50 Argentine cities and towns Wednesday demanding that the government declare a "food emergency" and put an end to suffocating price increases.

Saudi Crown Prince Mohammad Bin Salman to Visit Pakistan This Weekend, Expected to Seal Multi-Billion Dollar Deals

Pakistan is facing an economic crisis with a budget deficit that has escalated to 6.6 per cent of the Gross Domestic Product, a trade deficit and a shortage of foreign currencies.

Cash-Strapped Pakistan’s Prime Minister Imran Khan to Meet IMF Chief Christine Lagarde in Dubai for Bailout Package

The IMF is asking for an adjustment of around Rs 1,600-2,000 billion over three to four years.

IMF Chief Christine Lagarde Warns of High Arab Public Debt

Public debt among oil exporters -- including the six-nation Gulf Cooperation Council -- rose from 13 percent of GDP to 33 percent of GDP, accelerated by the crash in oil prices around five years ago, Lagarde said.

Greater Efforts Will Be Needed to Reduce Fiscal Deficit: IMF

The International Monetary Fund on Tuesday said that greater efforts will be needed to reduce the fiscal deficit as the interim budget envisages a slower pace of fiscal consolidation than previously planned.

Sensex Ends 136 Points Lower at 36,444 Citing Growth Concerns

The BSE Sensex closed lower by 134.32 points, or 0.37 per cent at 36,444.64, after touching a high of 36,650.47 and a low of 36,282.93.

Sensex Drops over 100 Pts on Profit-booking, Weak Global Cues

The benchmark BSE Sensex fell over 100 points Tuesday after a five-session winning spree as investors cashed profits in IT, metal, banking, consumer durables, power and auto shares amid sustained foreign fund outflows.

IMF Cuts Global Economic Growth Projections over US-China Trade War

The International Monetary Fund has revised the global economic growth projections downwards. The IMF lowered its global growth projections for 2019 and 2020 to 3.5 per cent and 3.6 per cent respectively.

Indian Economy Poised to Grow at 7.5 Per Cent in 2019, Says IMF

Growth in emerging and developing Asia will dip from 6.5 per cent in 2018 to 6.3 per cent in 2019 and 6.4 per cent in 2020, it said.