New Delhi, June 30 (IANS) Rahul Gandhi’s hollow assertion that India is heading towards an “economic tsunami” is far removed from ground realities. Far from facing collapse, the Indian economy has demonstrated remarkable resilience, even amid the ongoing Middle East crisis, supported by robust data from credible institutions. India posted robust 7.7% GDP growth in FY26, the fastest among major economies, according to Reserve Bank of India and Union Ministry of Statistics and Programme Impl…
Latest International Monetary Fund News & Updates
New Delhi, June 29 (IANS) Pakistan’s investment-to-GDP ratio has fallen to a historic low of 13.1 per cent in 2024 from an average of around 18 per cent over nearly four decades, while foreign direct investment (FDI) has halved to 0.5 per cent of GDP, a report has said.According to an analysis published in Dawn, the country’s declining investment reflects a widening disconnect between its ambitious economic targets and the policy environment.Pakistan’s investment-to-GDP ratio declined from 17.2 …
Mumbai, June 26 (IANS) India’s foreign exchange reserves rose by $963 million to $672, 587 billion in the week ended June 19, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves surged by $4.11 billion to $107.930 billion during the week.However, the country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund decreased by $52 million to $18.647 billion.The coun…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said an IMF team is in Sri Lanka to assess the country’s economic recovery programme, including the impact of higher energy prices following the recent conflict in the Middle East. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, confirmed that the mission began this week and would conclude on June 30.”We do indeed have a team currently in Sri Lanka. This is a staf…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the US economy continues to show solid momentum despite inflation remaining above the Federal Reserve’s target, backing the central bank’s decision to leave interest rates unchanged while cautioning that future policy moves should depend on incoming economic data. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said recent economic indicators pointed to conti…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday expressed sympathy for the victims of the devastating earthquake in Venezuela and said it was working closely with the country’s authorities to assess the economic impact of the disaster and determine the best way to support recovery efforts. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said it was too early to determine the scale of any IMF assistance as offic…
Washington, June 25, (IANS) India continues to be a major driver of global economic growth despite the economic impact of the Iran conflict and higher energy prices, the International Monetary Fund (IMF) said on Thursday, while cautioning that the country has not been immune to disruptions in global energy markets.Addressing a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said India’s economy had remained resilient despite external headwinds, supporte…
Kathmandu, June 20 (IANS) Nepal has remained on the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, commonly known as the “grey list”, although the Nepali government has been taking several measures to address concerns raised by the global anti-money laundering watchdog.Nepal was placed on the FATF grey list in February 2025 after the watchdog identified shortcomings in the country’s anti-money laundering and counter-terrorist financing framework.Since then…
New Delhi, June 18 (IANS) The China–Pakistan Economic Corridor (CPEC) is pitched as a transformative initiative to build big infrastructure projects with the aim of driving economic growth in Pakistan, but the ground reality is that it is sinking deeper into Beijing’s debt trap and the targeted economic development is nowhere in sight as the country’s poverty and unemployment levels have been on the rise in recent years, an article said. “The most fundamental concern surrounding CPEC is not …
Bengaluru, June 14 (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that while Congress leader Rahul Gandhi was repeatedly criticising the country’s economic performance, “on the contrary, quarter after quarter, year after year India has been the fastest growing economy”. Addressing the Bharatiya Janata Party’s (BJP) ‘Viksit Bharat’ event here, Union Minister Sitharaman noted that it is not the Central government, which is claiming that India is the fastest-growing economy, but th…