International Monetary Fund Current Affairs, GK & News

International Monetary Fund

International Monetary Fund (IMF) was established with stated objectives to promote international economic cooperation, international trade, employment, and exchange rate stability, including by making resources available to member countries to meet balance of payments needs. Its headquarters are in Washington, D.C. It was conceived on July 22, 1944 in the Brettonwoods Conference, New Hampshire, United ..

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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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Oxfam New Report- Highlights

According to a new report by Oxfam, more than a quarter of a billion people in 2022 will be pushed into poverty. The report also said that the financial crisis across the world will be driven by the rise in prices due to the Russia-Ukraine crisis and also due to the COVID-19-related economic crisis. Overview: ..

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IMF on Garib Kalyan Anna Yojana

The International Monetary Fund (IMF) has praised India’s efforts for food distribution during the COVID-19 pandemic. They said that the nation averted extreme poverty rise during this period by providing food security through the government initiative Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY). Overview: The IMF has also stated that India’s extreme poverty is less ..

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Kirbati Island: Maiden COVID Cases

Kirbati is one of the most isolated islands in the world. It is located in Pacific Ocean, at 4,800 kimlometres from North America. So far Kirbati had recorded only two COVID-19 cases. Recently, Kirbati is facing community transmission. What happened? The island has been following strict travel measures. The first international flight to the island ..

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IMF World Economic Outlook- Update

On July 27th the International Monetary Fund has cut India’s GDP growth forecast to 9.5% for the fiscal year 2021-22. Previously, IMF has forecasted 12.5% GDP growth. Highlights relating to India GDP forecast has been cut citing the hit on economic activity due to the second wave of the COVID-19 pandemic. Due to the second ..

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