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 ..

Tags: Economic Slowdown • IMF • Inflation

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 ..

Tags: booming Asian economy • disruptions in supply chain • global growth rate • growth of India • IMF

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs - 2022

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 ..

Tags: Debt Restructuring Process • G20 • Global Sovereign Debt • IMF

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs - 2022 • 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 ..

Tags: China-US • Economic growth • GDP • IMF • Trade war

Month: Current Affairs - February, 2023

Category: Economy & Banking Current Affairs - 2022 • International / World Current Affairs

Uganda’s First Oil Drilling Program

Uganda has one of the largest oil reserves in the Saharan desert according to the International Monetary Fund. Oil was discovered in Uganda twenty years back. But the production was delayed due to a lack of funds and infrastructure. With ..

Tags: Congo • crude oil • France • IMF • Indian Ocean

Month: Current Affairs - January, 2023

Category: Economy & Banking Current Affairs - 2022 • Environment Current Affairs • International / World Current Affairs

India’s Assurances to IMF backing Sri Lanka

India sends financing assurances to IMF to back Sri Lanka’s debt restructuring program. Sri Lanka’s three largest bilateral lenders are China, Japan, and India. India’s backing is a critical step for Sri Lanka to receive a $2.9 billion package from ..

Tags: China • Finance • IMF • Japan • New Delhi

Month: Current Affairs - January, 2023

Category: International / World Current Affairs