Page-5 of International Monetary Fund (IMF)

Sri Lanka seeks $100-mn IMF loan to procure Covid Vaccine

September 23, 2021

Sri Lanka is seeking for a $100 million loan from the International Monetary Fund (IMF) in order to procure 14 million doses of the Pfizer Covid-19 vaccine. Highlights With this loan, Sri Lanka would also finance other vaccination programme related ..

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IMF raises India’s SDR allocation

September 2, 2021

The International Monetary Fund (IMF) has increased the allocation of Special Drawing Rights (SDR) to India in line with the existing quota of India in the fund. Highlights SDR is an alternate reserve currency which is floated by the IMF. ..

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Foreign exchange reserves surge by USD 9.427 billion

August 7, 2021

As per RBI Data, India’s foreign exchange reserves surged by USD 9.427 billion. Foreign exchange reserves now stand at a record high of USD 620.576 billion in the week ended July 30. Key Points In 3rd week of July, reserves ..

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IMF approves $650 billion for poor countries to tackle Covid

August 3, 2021

Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19 pandemic. Highlights These reserve assets, called as special drawing rights, have been ..

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India: 4th largest Forex Reserves holder

June 12, 2021

India’s forex reserves crossed $600 mark for the first time and as on June 4, it stood at $605 billion. With this, India equals Russia as the fourth largest reserve holder worldwide. Highlights India’s forex reserve was $605.008 billion while ..

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IMF warns for ‘Ricochet Impact’

May 26, 2021

According to International Monetary Fund (IMF), Emerging-market nations’ struggle to move out of covid-19 pandemic-induced economic crisis can hurt developed nations. It said, crisis has “Ricochet impact” on the developed and advanced economies. Highlights IMF suggests that, developed nations should ..

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