International Monetary Fund (IMF) Current Affairs, GK & News
IMF: Sub-Saharan Africa to see world’s slowest growth in 2021
The International Monetary Fund recently released the Regional Economic Outlook for Sub Saharan Africa. According to the report the Sub Saharan region is to witness the world’s slowest growth in 2021. Key Findings The sub-Saharan region is projected to grow by 3.4% in 2021. This is way below the global growth prediction of 5.5% in ..
Month: Current Affairs - April, 2021
Category: Reports & Indexes Current Affairs
Topics: COVAX • COVID-19 vaccine • G20 Debt Suspension Service Initiaitive • GDP Growth Rate • Growth rate • International Monetary Fund (IMF) • Poverty • Special drawing rights
IMF to distribute SDR to member countries by August
The International Monetary Fund recently announced that it will distribute the Special Drawing Rights to its member countries by mid-August. Key Highlights The IMF has agreed to support SDR allocation of 650 million USD. This is the largest in the history of IMF. Recently, the G20 Finance Minsters agreed to the International Monetary Fund to ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: African Development Bank • Asian Development Bank (ADB) • IMF • International Monetary Fund (IMF) • Special drawing rights
IMF’s Asia Growth Forecast
The International Monetary Fund recently released its World Economic Outlook report. Under its report, IMF has downgraded the forecasts for the South East Asian economies. On the other hand, it has been more optimistic about Asia-Pacific and Global economies. Key Findings of IMF According to the World Economic outlook report of IMF, the countries such ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
Topics: Asia Pacific • Growth rate • IMF • International Monetary Fund (IMF) • World Economic Outlook
G20 nods to IMF for fresh SDR issue
The G20 Finance Ministers recently nodded to the International Monetary Fund to provide fresh Special Drawing Rights to its member countries. The IMF has been permitted to provide SDR of worth 650 million USD to the member countries. This will help boost the reserves of all nations and will avoid pushing low-income countries into further ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • International Current Affairs
Topics: 2008 financial crisis • G20 • IMF • International Monetary Fund (IMF) • Special drawing rights
IMF: India’s Debt to GDP increased to 90%
The International Monetary Fund recently announced that the debt to GDP ratio of India increased from 74% to 90% due to COVID-19 crisis. This is to increase to 99% in 2021. The international financial organisation has also stated that this is to reduce to 80% after economic recovery. What is Debt to GDP ratio? The ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Consolidated Fund of India • debt-to-GDP ratio • external debt to GDP Ratio • GDP • International Monetary Fund (IMF) • Public Debt