International Monetary Fund (IMF) Current Affairs, GK & News

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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Gita Gopinath in ‘Wall of former chief economists’

Gita Gopinath recently got featured on “wall of former chief economists” of the International Monetary Fund (IMF). She is the first woman and second Indian to get this honour. Key Facts The first Indian to get featured on “wall of former chief economists” was Raghuram Rajan. He served as the Chief Economist and Director of ..

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World Bank’s Global Growth Forecast

The World Bank has reduced the global growth forecast for 2022 from 4.1 percent to 3.2 percent. The growth forecast has been reduced due to the impacts of the Russian invasion of Ukraine. Overview: The World Bank has proposed a new 15-month crisis financing target of USD 170 billion, out of which USD 50 billion ..

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World Bank Report on Extreme Poverty in India

According to a working paper of the World Bank, extreme poverty in India has dropped from 22.5 percent in 2011 to 10.2 percent in the pre-Covid year of 2019. Also, the pace of poverty reduction in rural India has been more than in urban areas of the country. Overview: In the urban and rural areas ..

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IMF on El-Salvador Bitcoin legal tender

The International Monetary Fund recently asked El Salvador to remove the legal status of bitcoin. What happened? In September 2021, El Salvador became the first country to allow its consumers to use cypto currencies. Fear arose all over the country that bitcoin might bring inflation and instability to the country. What is IMF Saying? IMF ..

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IMF World Economic Outlook- Update

The International Monetary Fund (IMF) released its World Economic Outlook on January 25, 2022. Key Findings of the report As per report, Global economic growth will decrease by half a percentage point less than it was forecasted earlier. The growth will decrease from 5.9% in 2021 to 4.4% in 2022. It will further reduce to ..

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