India hits out against the International Monetary Fund (IMF) for claiming that the central bank had interfered "excessively" in the foreign exchange market. The IMF's report suggested that the Indian government was attempting to manipulate the value of the rupee.

India hits out at IMF on "excessive" currency intervention comment

Is India's growth story not sitting well with the International Monetary Fund? The IMF has reclassified India's foreign exchange regime as 'stabilized arrangement' from 'floating system', after accusing the RBI of excessive interference. Was the IMF assessment in bad taste?

Gravitas: Is India's growth story not sitting well with IMF?

The International Monetary Fund (IMF) has lauded India's stellar economic performance, projecting the nation to contribute more than 16 per cent to global growth, thanks to robust growth fuelled by key reforms in digitisation and infrastructure.

India contributes over 16% to global growth, IMF report reveals strong economic performance

WION's Business Desk brings you this daily round-up of global stories from the world of business and economy. India contributes over 16pc to global growth, IMF report reveals strong economic performance India's strong economic performance has been lauded by the International Monetary Fund (IMF), which has projected that the country will contribute more than 16 per cent to global growth as a result of significant infrastructure and digitalisation reforms.

WION Business Wrap | India’s 16pc contribution to global growth, EU’s probe on X, Red sea attacks & more

KV Subramanian, Executive Director of the International Monetary Fund (IMF) and former Chief Economic Advisor to the Government of India, voiced optimism in response to former RBI Governor Raghuram Rajan's remarks regarding India's GDP growth.

IMF predicts 6.3% growth for India, advocates reforms for India's growth

There is some good news for Bangladesh struggling with surging inflation, falling import cover and a weak currency ahead of the country's January elections. The international monetary fund's board approved its first review of Bangladesh's $4.7 billion bailout package. Dhaka will get $689.8 million in funds to combat its economic crisis.

IMF approves bailout of Bangladesh | World Business Watch

Gita Gopinath, a senior International Monetary Fund (IMF) official warned during a speech in Colombia on Monday (Dec 11), that the world economy is on the brink of a second cold war, which could "annihilate" progress made since the collapse of the Soviet Union.

Senior IMF official warns fragmentation in global economy could trigger 'new Cold War'

Zelensky is all set to embark on his third visit to Washington since the war in Ukraine began. He last visited in September. Aid for Ukraine in its effort to ward off Russia will be a prime agenda here, but will Zelensky be able to navigate his way around the divisions in the U.S. leaders on continuing the aid for Ukraine?

US: Zelensky arrives in US; meets with IMF, military officers & lawmakers in bid to unlock aid

The International Monetary Fund has expressed strong interest in bolstering Argentina's recovery, as President-elect Javier Milei engages in crucial talks with the IMF and high-profile meetings in Washington. With Argentina's inflation surpassing 140% and net reserves in a precarious state, the IMF's Chief, Kristalina Georgieva, aims to discuss strategies to enhance the nation's resilience.

Argentina's economic challenges and the role of the IMF | World Business Watch

IMF chief Kristalina Georgieva has urged countries to make a more proactive push to develop central bank digital currencies or CBDCs. Georgieva made her remarks as the IMF published the first instalment of a "Virtual handbook" on CBDCs, which has been created to help countries with the design and set-up process and ensure that the new technologies are globally interoperable.

IMF's thumbs up to digital currencies

Pakistan has achieved a crucial milestone in its economic recovery journey, securing initial approval from the International Monetary Fund (IMF) for the release of the next loan tranche from a $3 billion bailout program.

Pakistan clinches initial IMF approval, eyes $700 million boost for fiscal stability 

Pakistan is set to receive a $700 million boost from the International Monetary Fund for economic revival. The IMF has reached a staff-level agreement with Pakistani authorities, subject to approval by the IMF's Executive Board.

Pakistan set to receive $700 million boost from IMF for economic revival

The International Monetary Fund (IMF) on Tuesday upgraded its growth forecasts for China, indicating that the country's economy is set to expand by 5.4 per cent this year, reflecting a robust Post-Covid recovery.

IMF raises China's 2023 and 2024 growth forecasts amid post-Covid recovery 

The International Monetary Fund (IMF) is betting on a strong comeback for China, as it upgrades its growth forecast in 2023 to an impressive 5.4%.

IMF praises China's post-Covid rebound, applauds its economic resurgence | World DNA | WION

A recent article by two economists in the Monetary Authority of Singapore's biannual report have highlighted the growing preference for remote work among Singapore's workforce.

IMF economists highlight Singapore's strong preference for remote work

India's economic prowess is on the rise, with the international monetary fund projecting a significant increase in its contribution to global economic growth. Imf predicts a notable increase of 200 basis points, bringing India's contribution to global economic growth to 18% over the next five years.

IMF predicts India's growing role in the global economy

The International Monetary Fund (IMF) has revised its growth forecasts for China, indicating that the country's recovery is slowing down and attributing it to the weakness in its property sector.

China’s property market could slow down Asia's economy: IMF

In a week overshadowed by fresh violence in West Asia and hosted by a country still recovering from an earthquake, the annual meetings of the International Monetary Fund and World Bank concluded in Marrakech.

IMF-World Bank meet: Key takeaways

A top international monetary fund official has given a thumbs up to India's economic growth story. Krishna Srinivasan, director of the Asia and Pacific department at the IMF, said India's macroeconomic environment is pretty sound. But he also added that India needs to do further structural reforms to exploit its ‘significant’ potential for higher growth.

IMF urges more reforms in India

The International Monetary Fund (IMF) has revised its growth projections downward for both China and the euro area while emphasising the uneven and sluggish nature of the global economic recovery.

IMF downgrades growth forecasts for China and Euro area, cites uneven global recovery

Vahram Stepanyan, the Fund's country representative in Ukraine, announced on Sunday that the organization will start meeting with government representatives and other stakeholders there on Sunday to talk about policy objectives and difficulties.

IMF holds meetings in Ukraine to discuss economic challenges

The IMF claims that Guyana's GDP grew by 62.3% in 2022, the fastest in the world. In addition to the fact that a third oil field has begun to produce oil, investments in housing, transportation, and human capital development have all contributed to the growth of Guyana's nonoil industry.

Guyana's Oil Odyssey: From discovery to global prominence

Sri Lanka's bid for financial stability faces a significant setback. The international monetary fund, in its first review under a 2.9 billion dollar bailout package has frozen a crucial 330 million dollar tranche. The reason behind this decision is a growing concern over a potential shortfall in the Sri Lankan government's revenue generation.

IMF stalls $330 mn tranche for Sri Lanka due to revenue shortfall

The International Monetary Fund (IMF) on Thursday (September 21) approved a $300 million loan agreement for Burkina Faso to combat poverty and bolster the economy.

IMF approves $300 million loan for war-torn Burkina Faso

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