IMF Current Affairs, GK & News

Norway’s central bank digital currency

Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which is accessible on GitHub, was created to provide user interface (UI) for engaging with the ..

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IMF $2.9bn deal to aid Sri Lanka

Recently, the International Monetary Fund (IMF) has come forward to help Sri Lanka, which is facing a historic economic crisis. The IMF has announced a loan of $ 2.9 billion to Sri Lanka. Key Points The aid aims to restore macroeconomic stability and creditworthiness in Sri Lanka as well as protect financial stability. The IMF ..

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K Subramaniam: Executive Director (India) at IMF

Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of the IMF in 2019. K. Subramaniam’s tenure in this post will start from November 1, ..

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IMF World Economic Outlook- Update

India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was estimated to be 8.2% in April. IMF reduced the estimate to 7.4% due to vulnerability ..

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IMF: Review of Special Drawing Rights (SDR)

The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings will be effective from August 1st. What are the current weights assigned to each currency in the SDR basket? S. dollar’s weighting was increased to 43.38% from ..

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RBI Report on Currency and Finance

Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing a durable recovery post-COVID and raising trend growth in the medium term. What is the ..

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