International Monetary Fund

International financial institution

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International Monetary Fund: International financial institution
The International Monetary Fund (IMF) is an international organization, headquartered in Washington, D.C., consisting of 190 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on the World Bank for its resources. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion.


Equity indices tumble amid weak global cues, banking and IT stocks suffer [Video]

Equity indices tumble amid weak global cues, banking and IT stocks suffer

Equity benchmark indices tumbled over half per cent during early hours on October 14 tracking Asian peers as halted COVID-19 vaccine trials soured investor risk appetite. Besides, the International..

Credit: ANI     Duration: 01:22Published
IMF sees less severe global contraction [Video]

IMF sees less severe global contraction

The International Monetary Fund on Tuesday said forecasts for the global economy were "somewhat less dire" as wealthy countries and China rebounded more quickly than expected from coronavirus lockdowns..

Credit: Reuters Studio     Duration: 01:25Published
Covid update: N95 mask export allowed; India ranks 4th; festival guidelines [Video]

Covid update: N95 mask export allowed; India ranks 4th; festival guidelines

From the Union government lifting restrictions on the export of N-95/FFP2 face masks, to India ranking fourth in a survey of public perception regarding response to the pandemic - here are the top news..

Credit: HT Digital Content     Duration: 03:14Published

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IMF revises down 2020 Asian economy forecast to 2.2-pct contraction

imf revises down 2020 asian economy forecast to 2.2-pct contraction
WASHINGTON, Oct. 21 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent. The IMF's latest Regional..
WorldNews - Published

IMF: Nearly All Mideast Economies Hit By Pandemic Recession

imf: nearly all mideast economies hit by pandemic recession
DUBAI, United Arab Emirates: The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two Lebanon and..
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Pak likely to remain in FATF 'grey list', fails to fulfill six key mandates

This will become a major problem for Pakistan as it will become difficult for Islamabad to procure financial aid from the International Monetary Fund (IMF), World Bank, Asian Development Bank (ADB) and..
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Even Pakistan, Afghanistan handled Covid better than India: Rahul Gandhi on IMF projections

Congress leader Rahul Gandhi on Friday criticised the Central government's handling of coronavirus pandemic, saying that even Pakistan and Afghanistan controlled Covid better than India. ​​"Another..
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Govt sources hit back at Rahul Gandhi over 'Bangladesh set to overtake India' remark

In response to Congress leader Rahul Gandhi's dig at the Bharatiya Janata Party (BJP) led Centre over the International Monetary Fund (IMF) forecast for India's GDP, government sources have said that..
DNA - Published

'Solid achievement' of BJP's 'hate-filled cultural nationalism': Rahul Gandhi on IMF projections

'solid achievement' of bjp's 'hate-filled cultural nationalism': rahul gandhi on imf projections
NEW DELHI: Congress leader on Wednesday took a dig at the government over growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a "solid..
WorldNews - Published

Africa 'needs $1.2tn' to recover coronavirus losses

The economic damage caused by coronavirus leaves the continent with a big repair bill, the IMF says.
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Second Lebanese IMF negotiator quits ministry post

second lebanese imf negotiator quits ministry post
A senior member of Lebanon’s negotiating team with the IMF resigned as finance ministry director-general on Monday, saying vested interests were undermining the government’s economic recovery plan...
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IMF approves $643 million in pandemic aid for Ecuador: ministry

The International Monetary Fund has approved a request from Ecuador for emergency financing to fight the coronavirus pandemic, granting a $643 million loan, the Andean country's economy ministry said..
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I.M.F. Predicts Worst Downturn Since the Great Depression

The global economy is expected to contract by 3 percent this year as quarantines and lockdowns cripple output. - Published

Coronavirus Live Updates: Governors Push Back at Trump Over Authority to Reopen

Governors on the East and West Coasts formed alliances to coordinate future action, prompting President Trump to compare the move to a “mutiny.” The I.M.F. issued a stark warning about economic.. - Published

‘Have Entered Recession That May Be Worse Than 2009’: IMF Chief

‘have entered recession that may be worse than 2009’: imf chief
The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday, 27 March. “It is clear..
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Ukraine plans more lockdowns, IMF talks, food export curbs over coronavirus

Ukraine's President Volodymyr Zelenskiy announced nationwide shutdowns on Monday to contain the coronavirus spread, called for government restrictions on food exports and for aid talks with overseas..
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IMF provides $50bn to fight coronavirus outbreak

The move comes after world governments and central banks have taken action to ease the outbreak's impact.
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IMF chief hopes for global policy response to mitigate coronavirus impact

The International Monetary Fund hopes governments and central banks will work on a response to the coronavirus outbreak once the economic impact becomes clear, IMF Managing Director Kristalina..
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IMF says Lebanon requests technical help on economy, debt

Lebanon on Wednesday formally requested the International Monetary Fund's technical help in shoring up its economy, a move that a senior government source said would include the fund's aid in drafting..
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IMF stands ready to assist Lebanon with adviser, technical help: spokesman

The International Monetary Fund stands ready to provide advice and technical assistance to Lebanon in its efforts to avoid a financial collapse, a spokesman for the global lender said, confirming the..
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Lebanon requests technical help from IMF: government source

Lebanon formally requested technical assistance from the IMF on Wednesday, asking the Fund to send a team to Beirut to help draw up a comprehensive plan to escape financial collapse, a senior..
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IMF says too soon to quantify China's coronavirus economic impact

The International Monetary Fund said on Thursday it is closely monitoring China's coronavirus outbreak, but it is too soon to quantify the potential economic impact of the virus that is halting tourism..
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Growth slump in India temporary: IMF chief

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Facing economic crisis, Lebanon's government weighs options

Lebanon's Hezbollah-backed government will walk a political tightrope as it moves to urgently secure foreign funding to ward off financial collapse and could look to the International Monetary Fund..
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IMF seen as option for Lebanon depending on terms: senior politician

An International Monetary Fund program is an option for Lebanon depending on terms that should be bearable for the crisis-hit country and not trigger social unrest, a senior politician said on..
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Wall Street falls as China virus reaches the U.S.

Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic..
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Wall St. pulls back from records on worries about virus outbreak and global growth

Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic..
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Wall Street loses ground as China virus spooks investors

Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International..
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China virus outbreak impedes Wall Street rally; Netflix earnings on deck

Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to..
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S&P 500 loses ground amid China virus outbreak, growth fears

The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains.
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Wall Street opens lower on China virus outbreak, growth worries

U.S. stocks opened lower on Tuesday, as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF stalled a record rally on Wall Street.
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I won't be surprised if it goes even lower: Chidambaram on IMF's 4.8% GDP growth report

Congress leader P Chidambaram said that following the IMF's dismal outlook of India's economy "we must all prepare for an attack by the govt" on the IMF. He said that the IMF's GDP projection of 4.8..
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Asia shares hold steady, BOJ and Trump awaited

Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.
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Head of the IMF warns of another potential ‘Great Depression’

head of the imf warns of another potential ‘great depression’
The Chairwoman and Managing Director of the International Monetary Fund has warned the global economy could be...
WorldNews - Published

Ukraine PM says resignation letter does not affect reforms, IMF ties

Ukrainian Prime Minister Oleksiy Honcharuk said on Friday that the fact that he has submitted a letter of resignation will not affect reforms and Ukrainian cooperation with the International Monetary..
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Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
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Infrastructure investments to boost UAE growth

infrastructure investments to boost uae growth
Dubai: The UAE economy is expected to keep up the momentum through 2020, according to the latest forecast by the International Monetary Fund (IMF) and the Institute of International Finance (IIF). In..
WorldNews - Published

IMF says Turkish monetary easing went 'too far,' calls for neutral fiscal policy in 2020

imf says turkish monetary easing went 'too far,' calls for neutral fiscal policy in 2020
ANKARA — The International Monetary Fund said on Friday that Turkey’s monetary policy easing had “gone too far” and called on Ankara to ensure that fiscal policy remained a main policy anchor...
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Pakistan needs $27 bn for financing requirements of external front: IMF

pakistan needs $27 bn for financing requirements of external front: imf
ISLAMABAD: The IMF has estimated that Pakistan’s gross financing requirements of external front stood at $27.332 billion during the current fiscal year 2019-20. The IMF’s staff review report has..
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Bosnian lawmakers approve new government after 14-month deadlock

Bosnian lawmakers approved a new central government on Monday after a 14-month deadlock, opening the way for a resumption of reforms needed to become a candidate for EU membership and for talks on a..
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IMF would welcome U.S.-China tariff cuts, but wants 'trade peace': spokesman

The International Monetary Fund would welcome any deal to reduce U.S.-China trade tensions and tariffs, but is urging the world's two largest economies to permanently resolve their 17-month trade war,..
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Angela Merkel tops Forbes' list of the most powerful women in the world for 2019

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German chancellor Angela Merkel has topped Forbes' annual ranking of the world's most powerful women for 2019. Every year, Forbes compiles a list of the most influential female leaders from across the..
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Iran Outlines Budget to Resist U.S. Sanctions as Oil Exports Plunge

iran outlines budget to resist u.s. sanctions as oil exports plunge
Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports. Officials have not..
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IMF and Ukraine reach tentative $5.5b aid deal

imf and ukraine reach tentative $5.5b aid deal
WASHINGTON: The International Monetary Fund said Saturday it had reached a “staff-level” agreement with Ukraine on a new $5.5 billion, three-year aid program for the war-scarred country. IMF..
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As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax

Officials from the new European Commission will discuss a report by International Monetary Fund researchers that lists Luxembourg as a world-leading tax haven just days after the former leader of the..
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Moldova, eyeing Russia loan, may 'pause' cooperation with IMF: PM

Moldova's new prime minister on Tuesday raised the possibility of a "pause" in its cooperation with the International Monetary Fund, a day after he said his ex-Soviet republic was negotiating a $500..
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IMF to continue new-loan talks with Ukraine in coming weeks

The International Monetary Fund said on Saturday it will continue talks with Ukraine about a new support program in coming weeks following significant progress in discussions so far with Kiev.
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What are the key challenges leaders face as we approach the third decade of the 21st century?

Participants in this discussion at the 2019 Women Leaders Global Forum in Reykjavik, Iceland, include: Julia Gillard, Prime Minister of Australia (2010-2013), Member of CWWL; Gita Gopinath, Chief..
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Zimbabwe begins issuing new banknotes to help ease cash crunch

zimbabwe begins issuing new banknotes to help ease cash crunch
Zimbabwean banks have started issuing new notes and coins aimed at easing severe cash shortages, but they are severely limiting the amounts people can withdraw. The new notes are the latest currency..
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IMF to release second tranche of $6 billion Pakistan loan package

(This November 8 story corrects "first" to "second" in headline, para 1)
Reuters - Published

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