Tag Archives: international monetary fund

IMF warns of divergent recoveries from pandemic

The policy-setting body of the International Monetary Fund (IMF) has warned of pergent recoveries from the Covid-19 pandemic, pledging to strengthen cooperation to expedite universal vaccination. “The global economic recovery continues. But pergences between economies persist, reflecting stark differences in … Continue reading

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Saudi non-oil sector expansion continues but at slower pace – PMI

Saudi Arabia‘s non-oil private sector continued to expand in July but at a slower pace, according to a business survey, signaling that business conditions remain difficult as the largest Arab economy recovers from the coronavirus crisis. The seasonally adjusted IHS … Continue reading

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IMF revising India’s growth forecast is ‘gross under estimation’: N K Singh

N K Singh, Chairman of the 15th Finance Commission, on Tuesday said the IMF’s decision to revise India’s potential growth forecast downwards to 6 per cent citing the coronavirus pandemic is a “gross under estimation” and observed that calculations of … Continue reading

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Opportunities galore in India for investors and industry stakeholders: Sitharaman to CEOs of major US gian

Opportunities are galore in India for all investors and industry stakeholders with the current reset in the global supply chain and clear-headed and committed leadership in the country, Finance Minister Nirmala Sitharaman has told CEOs of top American companies. Sitharaman … Continue reading

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Forex reserves down by USD 1.169 billion to USD 637.477 billion

The country’s foreign exchange reserves dipped by USD 1.169 billion to stand at USD 637.477 billion in the week ended October 1, RBI data showed on Friday. In the previous week ended September 24, 2021, the reserves had declined by … Continue reading

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Forex reserves up by USD 1.492 billion to USD 641 billion

The country’s foreign exchange reserves rose by USD 1.492 billion to reach USD 641.008 billion in the week ended October 15, RBI data showed on Friday. In the previous week ended October 8, the reserves had increased by USD 2.039 … Continue reading

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IMF warns of divergent recoveries from pandemic

The policy-setting body of the International Monetary Fund (IMF) has warned of pergent recoveries from the Covid-19 pandemic, pledging to strengthen cooperation to expedite universal vaccination. “The global economic recovery continues. But pergences between economies persist, reflecting stark differences in … Continue reading

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IMF says economic policymakers need to juggle continued support, risks

Policymakers worldwide are entering a tricky phase of the pandemic recovery and should take care to provide continued economic support without promoting instability in financial markets, the International Monetary Fund warned Tuesday. Nearly 20 months into the global pandemic, many … Continue reading

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India’s economic outlook remains clouded due to pandemic-related uncertainties: IMF

India’s economic outlook remains clouded due to pandemic-related uncertainties and a persistent negative impact of Covid on growth drivers such as investment and human capital could prolong recovery and impact medium-term growth,according to the International Monetary Fund. India needs to … Continue reading

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Greece effect: IFAC calls for transparent govt accounting

NEW DELHI: International Federation of Accountants (IFAC), a global institution for accountants comprising of over 150 countries, has attributed the escalating sovereign debt crisis in the Eurozone, particularly in Greece, to the opaque government accounting and has called for greater … Continue reading

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