International Monetary Fund: GK, Current Affairs, Questions, Trivia and News

IMF to give $50 billion to combat coronavirus

The International Monetary Fund (IMF) has announced that it will provide 50 billion dollars through its rapid-disbursing emergency financing facilities. The fund is to be given for low income and developing countries to combat the spread of coronavirus. 10 billion dollars of the fund is available at zero interest for the poorest members under the ..

Christine Lagarde appointed as new chief of European Central Bank

Former IMF chief Christine Lagarde has been appointed the new chief of the European Central Bank (ECB). She will succeed Mario Draghi (Italy) from November 1. Her confirmation for a non-renewable term of 8 years comes after EU leaders nominated her for the position on July 2.

Nirmala Sitharaman leads Indian delegation at G20 Finance Ministers and Central Bank Governors in Washington

In Washington DC, Union Finance Minister Nirmala Sitharaman led the Indian delegation at G20 Finance Ministers and Central Bank Governors as well as the BRICS Finance Ministers and Central Bank Governors meetings on the side-lines of the IMF/World Bank Annual Meetings. The focus of discussions in the G20 Finance Ministers and Central Bank Governors Meeting ..

Kristalina Georgieva selected as new head of International Monetary Fund

Bulgarian economist Kristalina Georgieva has been named as the new Managing Director (MD) of the International Monetary Fund (IMF). She is the first person from an emerging market economy to lead the IMF. Georgieva will succeed Christine Lagarde for a five-year term from October 2019.

India ranked 10th in terms of total gold reserve

According to the latest report by World Gold Council (WGC), United States leads the country list with total gold reserves of 8,133.5 tonnes followed by Germany (3,366.8 tonnes), InternationalMonetary Fund (IMF) (2,451.8 tonnes),Italy (2,451.8 tonnes) and France (2,436.1 tonnes). India is at the 10th spot with 618.2 tonnes. Interestingly, in terms of individualcountries, India actually ..

Did India Over-Estimate its Growth Rate?

In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the official estimate of 7 per cent. Observations made in the Research Paper India s GDP ..

2nd Belt and Road Forum held in Beijing, China

The 2nd edition of BRF (Belt and Road Forum) was held in Beijing, China from April 25th to April 27th, 2019. Around 37 heads-of-state and 159 countries participated in the forum along with United Nations Secretary-General Antonio Guterres and International Monetary Chief (IMF) Christine Lagarde. The theme of the event was ‘Belt and Road Cooperation: ..

Belt and Road Forum (BRF – 2019) held Beijing

In China, the 2nd edition of Belt and Road Forum (BRF – 2019) was officially held in Beijing with theme “Belt and Road Cooperation: Shaping a Brighter Shared Future”. In it, 37 heads-of-state and 159 countries had participated along with United Nations Secretary-General Antonio Guterres and International Monetary Chief (IMF) Christine Lagarde. The BRF is ..