Articles for Cent Imf

IMF and ADB Project India's Growth at 7% for FY25
5 months, 4 weeks ago

IMF and ADB Project India's Growth at 7% for FY25

Deccan Chronicle  

Chennai: Both the International Monetary Fund and Asian Development Bank have projected India to grow by 7 per cent in FY25. “The forecast for growth in India has been revised upward by 0.2 percentage points, to 7 per cent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly …

India Growth Project Cent Imf Forecast Adb
Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout
1 year, 10 months ago

Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout

Firstpost  

The IMF has agreed to lend Sri Lanka $2.9 billion in September to overcome its worst financial crisis in seven decades, but the bailout comes with conditions that include raising taxes, removing subsidies and cutting public sector debt Colombo: Amid a full-blown economic crisis, Sri Lanka on Thursday raised electricity prices by 66%, in a move that the government hopes …

Sri Lanka Lanka Imf Crisis Sri
Pakistan crisis: Can the country be saved from collapse?
1 year, 11 months ago

Pakistan crisis: Can the country be saved from collapse?

Firstpost  

Pakistan’s dire economic situation just keeps getting worse with reports of a double-whammy from the IMF and its forex reserves dropping even lower. On Thursday, Islamabad received a double whammy from the International Monetary Fund – which not only predicted a slowdown in the Gross Domestic Product from 3.5 per cent to two per cent for the current fiscal, but …

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ECONOMIC PERSPECTIVES | Can austerity end the Sri Lanka crisis?
2 years, 2 months ago

ECONOMIC PERSPECTIVES | Can austerity end the Sri Lanka crisis?

The Hindu  

Published : Oct 20, 2022 10:15 IST In May 2022, Sri Lanka was declared to be in default on payments against external borrowings that were due on April 18. Moreover, the IMF staff-level agreement has yet to go through the organisation’s board and is likely to receive support only if other creditors agree to a plan that ensures “restructuring” and …

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IMF cuts India's economic growth forecast to 6.8% in 2022
2 years, 3 months ago

IMF cuts India's economic growth forecast to 6.8% in 2022

Hindustan Times  

The International Monetary Fund on Tuesday cut its projection of India's economic growth in 2022 to 6.8 per cent, as it joins other global agencies that have trimmed forecasts. The IMF had in July projected a gross domestic product growth of 7.4 per cent for India in the fiscal year that started in April 2022. In its annual World Economic …

India Growth China Global Economy Economic Cent 2022
Rising world food prices causing concerns among people: IMF
3 years, 6 months ago

Rising world food prices causing concerns among people: IMF

India TV News  

Global food prices have rallied to multi-year highs, triggered by Covid-19 pandemic-related supply chain disruptions and soaring transport costs, the International Monetary Fund has said. More is likely to come since international food prices are expected to increase by about 25 per cent in 2021 from 2020, wrote IMF's Christian Bogmans, Andrea Pescatori and Ervin Prifti in a new blog. …

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Inflation may force RBI to stop on rate cuts: IMF
5 years ago

Inflation may force RBI to stop on rate cuts: IMF

New Indian Express  

Earlier this month, the six-member Monetary Policy Committee of RBI surprised markets by deciding to hold the repo rate steady at 5.15 per cent, citing high inflation. Annual retail inflation increased to 5.54 per cent last month. Retail food prices, that makeup nearly half of India's inflation basket, rose 10.01 per cent in November from a year earlier, against 7.89 …

India Inflation Cent Rbi
'Real' depreciation of Indian rupee between six to seven per cent: IMF
6 years, 3 months ago

'Real' depreciation of Indian rupee between six to seven per cent: IMF

India TV News  

According to an estimate by the International Monetary Fund, the real effective depreciation of Indian rupee is between six and seven per cent, in comparison to December last year. Broadly since the beginning of the year, Indian rupee “has lost about 11 per cent of its value in nominal terms vis a vis the US dollar", said IMF spokesperson Gerry …

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