IMF

IMF Support Team Lands in Pakistan for Discussions on New Loan Programme

10 May 2024

An International Monetary Fund (IMF) team landed in Pakistan on Friday to engage in discussions about the nation's request for an extended and larger bailout package under the Extended Fund Facility (EFF), as reported by Geo News. The global lender's support team is anticipated to commence discussions on the initial...

IMF Forecasts Strong Growth for India, Raises FY24 Outlook to 7.8%

01 May 2024

The International Monetary Fund (IMF) has projected that India's economy will grow by 6.8% in the current fiscal year, driven primarily by public investment. Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF, stated, "In China and India, we expect investment to contribute disproportionately to growth—much of...

Pakistan formally requests an IMF bailout package ranging from USD 6 to 8 billion

20 Apr 2024

Pakistan has formally requested a new bailout package from the International Monetary Fund (IMF), seeking between USD 6 billion to USD 8 billion. The country has also proposed the possibility of additional funding through climate financing. The request includes asking the IMF to send a review mission next month to...

India Recorded Sizable Positive Growth Surprises : IMF Director

20 Apr 2024

Director of the Asia & Pacific Wing of the IMF, Krishna Srinivasan has just announced that India has shown a notable economic growth, showing positive trend. Speaking at the IMF’s press briefing on the regional economic outlook for Asia and Pacific on Thursday Mr. Srinivasan announced that in the second...

India a fastest growing economy for the last 3 years: Sitharaman

16 Apr 2024

In a dialogue programme with investors & businessmen, Union Finance minister Nirmala Sitharaman has recently declared on Tuesday, that India has been a fastest growing economy from the last three consecutive financial years and asserted that this growth can be sustained in the years to come. She said that the...

India’s economy surges: IMF raises growth forecast to 6.8%

16 Apr 2024

The International Monetary Fund (IMF) recently adjusted its growth forecast for India, raising it from 6.5% to 6.8%. This positions India as the fastest-growing major economy globally, surpassing China's projected growth of 4.6%. The IMF's World Economic Outlook attributes India's growth to strong domestic demand and a growing working-age population....

EVMs Would Have Resolved Election Rigging in an Hour, says Imran Khan

17 Mar 2024

According to Dawn, incarcerated former Prime Minister Imran Khan remarked that if electronic voting machines (EVM) had been present it would have swiftly resolved all election rigging concerns within an hour. The founder of Pakistan Tehreek-e-Insaf expressed these views during a discussion with journalists at Adiala jail following updates on...

IMF : India’s rice exports ban to fuel volatility in global food prices

26 Jul 2023

According to IMF Director and Chief Economist Pierre-Olivier Gourinchas, restrictions on the export of some varieties of rice by India are likely to increase global food price volatility. Additionally, they (the export ban on rice) may trigger reprisals. Therefore, we would encourage the removal of these kinds of export restrictions...

India and China will account for half of global growth in 2023, says IMF

07 Apr 2023

According to the International Monetary Fund (IMF), the global economy will grow by less than 3% in 2023, with India and China accounting for half of global growth that year. Global growth will remain around 3% over the next five years, the lowest medium-term growth forecast since 1990 and well...

IMF urges Pakistan to take adequate steps to function as country

20 Feb 2023

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), urged debt ridden Pakistan to take adequate steps to function as a country and avoid finding itself in a dangerous position where it needs debt restructuring. She further added that "My heart goes out to the Pakistani people, who...

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