New Delhi, July 25 (IANS) India is betting big on infrastructure-led growth and the world is starting to take notice, a new report has said, adding that Prime Minister Narendra Modi’s government has spent more than a decade attempting one of the most ambitious economic transformations in modern history.The report from World Finance says that from freight rail and green energy to manufacturing and maritime trade, India is charting a truly transformative path.When a container is hoisted ashore a…
Latest International Monetary Fund News & Updates
Kathmandu, July 24 (IANS) Nepal’s public debt has increased more than fourfold over the past decade as the country borrowed heavily to cope with the impact of two major crises — the 2015 earthquake and the COVID-19 pandemic.According to statistics released by the Public Debt Management Office (PDMO), Nepal’s public debt reached NPR 2.974 trillion at the end of fiscal year 2025-26, which ended in mid-July, up from NPR 697.68 billion at the end of fiscal year 2016-17, representing a 4.26-fold in…
Beirut, July 24 (IANS) Lebanese President Joseph Aoun on Friday called for the creation of an international force to assist the Lebanese army in the country’s south if the UN peacekeeping mission cannot remain in the country.”Lebanon considers the continued presence of the international forces in the south to be the best option for the next phase. If that proves impossible because of procedures required at the UN Security Council, an alternative international force should be established to repla…
Mumbai, July 24 (IANS) India’s foreign exchange reserves rose by $1.08 billion to $676.237 billion for the week ended July 17, extending their upward trend, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a gain of $964 million in the previous reporting week, when the country’s forex reserves climbed to $675.157 billion.The RBI’s weekly statistical supplement showed that the country’s foreign exchange reserves continued to strengthen after reco…
Mumbai, July 17 (IANS) India’s foreign exchange reserves increased by $964 million to $675.16 billion for the week ended July 10, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a sharp rise of $7.26 billion in the previous reporting week, when the country’s forex reserves had climbed to $674.19 billion after reversing the decline recorded earlier.According to the RBI, foreign currency assets (FCAs), the largest component of the country’s forex…
Washington, July 16 (IANS) Federal Reserve Chairman Kevin Warsh has enlisted former Reserve Bank of India Governor Raghuram Rajan to help review the US central bank’s balance sheet, as part of a sweeping reform programme aimed at reshaping monetary policymaking after years of elevated inflation. The appointment drew praise from Senate Banking Committee Chairman Tim Scott during Warsh’s first semiannual monetary policy hearing before Congress on Wednesday (local time), where the Republican lawmak…
New Delhi, July 15 (IANS) China’s GDP growth slowed further in the April-June period — weakest in more than three years — as the economy grapples with supply-demand imbalance and structural challenges, official data from Beijing showed on Wednesday.GDP grew 4.3 per cent in the second quarter of 2026, according to data released by the National Bureau of Statistics in China. This is less than the official target range of 4.5-5 per cent. “The economy ran within a reasonable range. There wer…
New Delhi, July 10 (IANS) Pakistan’s economic growth is expected to slow in the current fiscal year as higher energy costs and pressure on foreign remittances weigh on the economy, the Asian Development Bank (ADB) said in its latest outlook, according to a report.A report published in Dawn said that the lender has revised down Pakistan’s GDP growth forecast for FY27 to 3.7 per cent from the 4.5 per cent projected in April, according to the Asian Development Outlook (ADO).The ADB cautioned that t…
Mumbai, July 10 (IANS) India’s foreign exchange reserves surged by $7.260 billion to $674.193 billion in the week ended July 3, 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 rose by $2.669 billion to $105.205 billion during the reporting week.The country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund also increased by $65 million to $18.623 billion.T…
Washington, July 9 (IANS) The International Monetary Fund (IMF) on Thursday reaffirmed its support for free trade and open markets despite growing tariff barriers and rising economic nationalism, saying global trade remains essential for raising living standards and reducing poverty, even as it acknowledged that the gains from globalisation have not been shared equally.Speaking at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the Fund’s lon…