Thursday, 2 February, 2023
TopicIMF

Topic: IMF

‘Global economic outlook even gloomier than projected last month,’ says IMF

IMF blamed the darker outlook caused by persistently high inflation, weak growth in China, and ongoing supply disruptions and food insecurity caused by the Russia-Ukraine war.

IMF cuts India’s growth forecast to 6.8% from 7.4% for 2022

The IMF in July had projected a gross domestic product growth of 7.4 per cent in the year starting April 2022. In January, it had predicted 8.2 per cent.

Pakistan’s dollar bonds plunge to record lows, amidst fears country could default on debt

Economists have warned the IMF aid could prove inadequate to avert a default crisis, unless Pakistan secures additional external financing it expects from West Asian partners.

Which economy bounced back fastest from Covid? The answer’s surprising, and India isn’t far behind

India did poorly in 1st pandemic year, but achieved among the fastest recoveries. But since global environment is less than hospitable, the optimism should be tinged with some caution.

Global slowdown could hurt India but don’t worry too much about recession in 2023

IMF’s World Economic Outlook has flagged concerns about a global recession. This should worry US & advanced economies but probability of recession in India seems low.

Long-term investments in Sri Lanka are India’s plan to fix economic crisis, envoy Baglay says

High Commissioner of India to Sri Lanka Gopal Baglay added that New Delhi will also work with the island nation’s new govt to facilitate talks for a bailout package from the IMF.

Debt sustainability, public support — Lanka President Wickremesinghe has a lot to prove to IMF

Wickremesinghe administration plans to submit a debt restructuring report to IMF by Aug. Showing it can repay debts & that it has the 'longevity to lead the country' will be key.

Jaishankar cites worry of Lanka ‘spillover’ into India, vows to help Colombo in IMF talks

Briefing reporters after all-party meeting on Sri Lanka, External Affairs Minister S. Jaishankar says situation in Sri Lanka is 'delicate', and it is of 'deep concern' to New Delhi.

Sri Lanka to Pakistan, South Asian nations are tying fortune to China’s infra projects & failing

Once Sri Lanka and Pakistan get through their current challenges, most likely with IMF’s support, they would do well to scale back their reliance on China.

On Camera

YourTurn

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.