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IMF board selects Kristalina Georgieva to serve as MD for second term
The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus.
 
                  
 
                  
 
                  
Sri Lanka saved $1.7 billion by limiting imports in the country: Finance Minister Siyambalapitiya
Compared to 2019, when $1.95 billion was spent on imports, Siyambalapitiya said that by 2022, $1.6 billion would have been saved.
 
                  
Pakistan receives USD 1.2 billion from IMF: Finance Minister Ishaq Dar
Addressing the media, Dar said when the Standby Arrangement (SBA) was finalised, it was decided that $1.2 billion would be given upfront while the "balance amount" of $1.8 billion would be handed over after two reviews in November and February
 
                  
Sri Lanka cabinet approves domestic debt restructuring plan to reduce economic crisis
Bailout package from the IMF aims to provide government budgetary support in stages
 
                  
India’s GDP growth prediction reduced by 20 basis points to 5.9% by IMF’s latest forecast
On Tuesday, the International Monetary Fund (IMF) lowered India's FY24 growth prediction by 20 basis points to 5.9 percent in its biannual Global Economic Outlook.
 
                  
“Pakistan is a member of the IMF and not a beggar” says Finance Minister Ishaq Dar
"Pakistan is a member of the IMF and not a beggar," says the Pakistani FM Ishaq Dar in a fiery speech addressing rumors that he decided to postpone his trip due to resistance from the Washington-based lender.
 
                  
Asia may see more rate hikes if core CPI stays high: IMF
IMF economists Krishna Srinivasan, Thomas Helbling, and Shanaka J. Peiris advised policymakers to "remain watchful" despite a reduction in headline inflation.
 
                  
IMF cuts India’s GDP growth forecast to 6.1% in 2023
'India's growth is expected to slow from 6.8 percent in 2022 to 6.1 percent in 2023,' according to the IMF's World Economic Outlook report.
 
                  
Nirmala Sitharaman will attend annual meeting of the World Bank and IMF in US
Nirmala Sitharaman will be in town for the G20 Finance Ministers and Central Bank Governor (FMCBG) meetings as well as the Annual Meetings of the World Bank and the International Monetary Fund (IMF).
Pakistan and IMF to begin review talks in Doha
Pakistan and the International Monetary Fund (IMF) will begin review talks in Doha from Wednesday for a week as a means to renew the effort to get a staff-level agreement for release of $1 billion tranche under the Extended Fund Facility (EFF).
 
                  
India needs well-communicated monetary policy & monetary tightening: IMF
In its latest world economic outlook, IMF had forecasted that it expects India's GDP to grow at 8.2% in 22-2023. Earlier India's GDP was estimated at 9% for FY23.
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