International Monetary Fund Archives

April 23, 2025 11:28 AM

IMF slashes global outlook as White House says trade talks pick up pace

Worldwide economic output will slow in the months ahead as U.S. President Donald Trump's steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeki...

March 26, 2025 3:43 PM

IMF reaches staff-level agreement with Pakistan for $1.3 billion climate loan package

The International Monetary Fund (IMF) has finalized a staff-level agreement with Pakistan for a $1.3 billion loan package over 28 months to support the country’s climate change mitigation and adaptation efforts. This agreement also includes the fir...

March 26, 2025 10:59 AM

India’s GDP doubles to USD 4.2 trillion over the last decade: IMF

India’s Gross Domestic Product (GDP) has doubled in size over the last ten years, according to the latest data released by the International Monetary Fund (IMF). The data revealed that India’s GDP at current prices stood at USD 2.1 trillion in 2...

February 16, 2025 4:33 PM

Russia’s Siluanov visits Saudi Arabia ahead of Russia-US talks

Russian Finance Minister Anton Siluanov visited Saudi Arabia on Sunday ahead talks between Russia and the United States in the Kingdom scheduled for next week. Siluanov was speaking at an event called AlUla Conference for Emerging Market Economies...

March 4, 2024 5:04 PM

Shehbaz Sharif sworn in as Pakistan’s Prime Minister for second term

Shehbaz Sharif officially assumed the role of Prime Minister for the second time on Monday, marking the end of a prolonged period of uncertainty following the recent national election. The swearing-in ceremony took place at the presidential office in...

January 31, 2024 9:33 AM

IMF upgrades India’s GDP growth estimate to 6.7% for current financial year

International Monetary Fund (IMF) has increased its GDP growth estimate for India to 6.7 percent for the current financial year. It is 40 basis points higher than its previous forecast of 6.3 percent. In its latest World Economic Outlook report, IMF...

December 13, 2023 1:44 PM

IMF approves $689m loan for Bangladesh with advice to contain inflation

The International Monetary Fund (IMF) has approved the release of $689 million in the second tranche of the $4.7 billion loan package allocated for Bangladesh. The Washington-based lender has advised Bangladesh to continue to focus on containing infl...

November 24, 2023 10:36 AM

Sri Lanka cuts rates to boost growth, signals pause in further easing

Sri Lanka's central bank lowered interest rates on Friday in an unexpected move to boost growth but signalled a pause in easing for the time being while projecting inflation would remain subdued over the medium term. Helped by an International M...