Current Affairs

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IMF cuts India's FY17 growth rate to 6.6% from 7.6%  

The World Economic Outlook (WEO) update released by the International Monetary Fund (IMF) has cut India’s growth rate for the fiscal year 2016–17 to 6.6% from its previous...

January 17, 2017

Adoption of GST tax will boost India's medium-term growth: IMF

The International Monetary Fund (IMF) has asserted that adoption of GST (Goods and Services) tax will boost India’s medium-term growth. It was mentioned IMF’s latest Asia Pacific regional...

October 8, 2016

Brexit: IMF warns of repercussions for global economy

The International Monetary Fund (IMF) has warned that United Kingdom’s decision to leave the European Union (EU) has created significant uncertainty. The uncertainty is likely to dampen growth...

July 4, 2016

Nauru becomes 189th member of IMF, World Bank

The Republic of Nauru, a tiny South Pacific island nation in Pacific Ocean became the 189th member of the International Monetary Fund (IMF) and World Bank i.e. Bretton-Woods...

April 14, 2016

US Senate ratifies IMF reforms as part of a Budget Bill

The United States (US) Senate has ratified reforms in the International Monetary Fund (IMF) to boost the representation of emerging economies as part of a budget bill. The...

December 21, 2015

IMF approves China's Yuan as elite reserve currency

International Monetary Fund (IMF) has included China’s Yuan into its elite reserve currency basket mailny used as an international reserve asset with an effect from effect from 1st...

December 2, 2015

Subir Gokaran appointed as Executive Director of IMF

Renowned economist Subir Gokaran has been appointed as an Executive Director on the board of the International Monetary Fund (IMF). Mr. Gokarn’s name was cleared by Appointments Committee...

November 13, 2015

Greece becomes first developed nation to default IMF debt

Greece has become the first developed nation to default on International Monetary Fund (IMF) debt. It has defaulted on a 1.7 billion dollars payment to IMF. The deadline...

July 2, 2015

Global energy subsidies to hit US $ 5.3 trillion this year: IMF report

International Monetary Fund (IMF) in its recent report titled Act Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem has voiced alarm about energy subsidies across the world....

May 19, 2015

Sunil Sabharwal re-nominated as Alternate Executive Director at IMF

Sunil Sabharwal, an independent Indian-American investor has been re-nominated as Alternate Executive Director at International Monetary Fund (IMF). He was re-nominated to key post at IMF by US...

March 5, 2015

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