IMF’s first deputy managing director Gita Gopinath, who is in India, spoke to TOI on a range of issues from the global crisis to AI and the need to create jobs. Excerpts: How do you see wars and crises affecting the world and India? In the last few years, we have seen a big rise…
ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif said on Friday he had written a letter to the Chinese govt requesting debt re-profiling for Pakistan in an apparent bid to secure the International Monetary Fund’s approval for a $7 billion economic bailout by next month.Islamabad has also asked Beijing to change imported coal-based projects to ones using…
NEW DELHI: IMF on Tuesday revised the growth projection for India to 7% during the current financial year, compared to the earlier estimate of 6.8%, citing upward revisions to growth last year and improved prospects for private consumption, especially in rural areas. The assessment will provide comfort to analysts and policymakers as rural demand is…
NEW DELHI: The International Monetary Fund (IMF) has maintained its global growth projections for 2024 at 3.2% in its latest World Economic Outlook update, released on Tuesday. Despite this, the organization has revised its forecasts for the United States and Japan downward, citing a slower-than-expected start to the year and temporary supply disruptions, respectively.The IMF…
ISLAMABAD: Cash-strapped Pakistan‘s exigency of securing a bailout from the International Monetary Fund (IMF) dominated the political discourse on Wednesday as the new Shehbaz Sharif-led govt presented its first federal budget, worth a projected 18.5 trillion rupees, in the National Assembly.Last month, IMF linked any future deal with Islamabad to the passage of the 2024-25…
War of Words! Krishnamurthy Subramanian, the Executive Director at the International Monetary Fund has said that the IMF’s GDP growth forecasts for India have been consistently ‘INACCURATE’. In contrast, he claimed that his predictions of India’s GDP growth have been accurate. The issue stems from IMF spokesperson Julie Kozack recently stating that Krishnamurthy Subramanian’s 8%…
