IMF
India’s Forex Reserves Show Significant Increase
India’s foreign exchange reserves have experienced a notable rise. on November 09, the reserves reached 658.09 billion dollars, an increase of 1.51 billion dollars. This marks the first rise in nine weeks after the reserves had previously fallen to a ..
Month: Current Affairs - December, 2024
Category: Economy & Banking Current Affairs
International Debt Report (IDR) 2024
In 2023, low- and middle-income countries (LMICs) faced unprecedented external debt levels, total reaching US$8.8 trillion. Servicing this debt became more expensive than ever. The 2024 International Debt Report (IDR) marks these trends and offers vital information about debt flows ..
Month: Current Affairs - December, 2024
Category: Reports & Indexes Current Affairs
IMF Approves Sri Lanka’s Third Bailout Review
The International Monetary Fund (IMF) has recently approved the third review of Sri Lanka’s $2.9 billion bailout on November 23, 2024. The country’s economy remains fragile despite the approval and will release approximately $333 million, raising total funding to about ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
Pakistan’s Ongoing Relationship with the IMF
In September 2024, the International Monetary Fund (IMF) approved an important loan for Pakistan. The loan, valued at US$7 billion, marks Pakistan’s second-largest borrowing from the IMF. This financial assistance comes amid ongoing economic challenges faced by the country. IMF’s ..
Month: Current Affairs - November, 2024
Category: Economy & Banking Current Affairs
IMF’s Regional Economic Outlook
According to the International Monetary Fund’s (IMF) Regional Economic Outlook, economies across the Middle East and Central Asia are likely to slow down this year due to persistently high inflation and rising interest rates. This report states that factors such ..
Month: Current Affairs - May, 2023
Category: Reports & Indexes Current Affairs
IMF: India and China to contribute more than half of global growth
The International Monetary Fund recently said that India and China will contribute more than 50% of the global growth in 2023. Another 25% will be contributed by other Asian countries. This is happening because the supply chains faded during the ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs
Global sovereign debt roundtable
On the sidelines of the G20 meeting, Global Sovereign Debt Roundtable is to be held in Bengaluru. The event will discuss issues that are obstructing the debt restructuring processes. It will be co-chaired by IMF and World Bank along with ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs
IMF calls for reforms of China’s Growth model
The International Monetary Fund says that the potential growth of China is falling. The country is in need of comprehensive economic reforms. The international organization has made this call because Chinese investments are diminishing. Also, the growth model of china ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs • International / World Current Affairs