• 16 May, 2022
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High oil prices behind inflation in India, monetary tightening needed: IMF

Washington, Apr 27 (PTI) The surge in oil prices due to the Ukrainian war has pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses…

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

(Reuters) - Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.…

Cash-strapped Pakistan, IMF agree to extend stalled bailout package, increase loan size to USD 8 bn

Islamabad, Apr 24 (PTI) Cash-strapped Pakistan and the IMF have agreed to extend the stalled bailout package by up to one year and increase the loan size to USD 8…

IMF assures to support Sri Lanka’s efforts to overcome the current economic crisis

Washington, Apr 24 (PTI) The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis and termed the initial discussions with…

G20 cannot function with Russia at the table, Canada says

By David Lawder and Steve Scherer WASHINGTON (Reuters) -The Group of 20 major economies cannot effectively function as long as Russia remains a member, Canada's finance minister said on Friday…

G7 officials exit World Bank meeting as Russian official begins to speak -source

WASHINGTON (Reuters) - G7 officials and others walked out of a meeting of the Development Committee that advises the governors of the World Bank and International Monetary Fund on Friday…

As G-20 chair, India has a unique role in addressing global challenges: IMF chief

Washington, Apr 22 (PTI) As the chair of the powerful grouping of G-20 countries next year, India has a unique role to play to overcome global challenges by reaching out…

FM meets IMF DMD Gita Gopinath; discusses wide range of issues

New Delhi, Apr 21 (PTI) Finance Minister Nirmala Sitharaman on Thursday met First Deputy Managing Director of the International Monetary Fund (IMF), Gita Gopinath, and discussed a range of issues, including…

World Bank President Malpass welcomes India’s move of selling oil from its stockpiles

Washington, Apr 21 (PTI) World Bank President David Malpass has welcomed India’s move to begin selling oil from its stockpiles, asserting that the world needs to take important steps to…

India’s high growth rate positive news for world: IMF Managing Director

Washington, Apr 21 (PTI) A high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for…

Global financial leaders discuss debt crisis in US in wake of Sri Lankan problem

Washington, Apr 21 (PTI) Sri Lanka’s bitter debt crisis experience has emerged as one of the major topics of discussion among the global financial leaders who have gathered here for…

One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF

By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO (Reuters) - Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen more, as the…