IMF News

Since its launch in 2016, UPI has grown quickly, while some proxies for cash usage have begun to decline. UPI now processes more than 18 billion transactions per month and dominates other electronic retail payments in India, according to the note titled ‘Growing Retail Digital Payments: The Value of Interoperability.’

The International Monetary Fund (IMF) has forecast India to be the only economy that is expected to clock an over 6 per cent growth rate in 2025-26, as the US tariff turmoil is expected to disrupt world trade and slow down the growth of the global economy.

Asaduddin Owaisi has strongly advocated for Pakistan's re-inclusion on the FATF grey list, and said tighter financial scrutiny is needed against Pakistan as it might use the $2 billion IMF loan to support its military and terror groups.

The International Monetary Fund (IMF) is expected to conduct its next funding review for Pakistan in the second half of 2025.  

The IMF recently gave the nod to a $ 1 billion (over Rs 8,000 crore) bailout package to Pakistan even as India expressed reservations.

The IMF’s move shows rising unease over Pakistan’s poor economics and growing regional tensions with India after recent military escalation.

IMF gives $1.1B to Pakistan despite its terror links. Indians slam West’s hypocrisy and call bailout a moral and strategic failure.

Questioning the IMF for providing a bailout package to Pakistan, Owaisi dubbed the international financial agency the “International Militant Fund”.

India targeted Pakistan for its poor record of repaying debts and voiced concerns on the possibility of misuse of debt financing funds for state-sponsored cross-border terrorism.

Foreign Secretary Misri confirmed that India’s executive director, Parameswaran Iyer, will participate in the upcoming IMF board meeting to highlight concerns related to Pakistan as a country that funds and actively promotes terrorism as a state policy.

According to the report, India continues to remain the world’s fastest growing major economy and the only country expected to clock over 6 per cent growth in the next two years.

Moody’s also cautioned that further escalation in tensions with India could hamper Pakistan’s economic growth and delay its fiscal consolidation efforts, undermining the country’s progress toward macroeconomic stability. 

Subramanian took charge as India’s representative at the IMF in August 2022. Before that, he served as the country’s 17th Chief Economic Advisor from 2018 to 2021.

As per details, the Pakistan's tax shortfall exceeded the limit set by the International Monetary Fund (IMF) by at least Rs 190 billion. 

IMF chief economist Gita Gopinath said, “Our April 2025 World Economic Outlook projects significantly weaker global growth at 2.8 per cent for 2025 with growth downgrades for 127 countries making up 86 per cent of world GDP.”

The report further stated that notable improvements include establishing the Corporate Debt Market Development Fund (CDMDF), introducing swing pricing, and liquidity requirements for bond mutual funds. 

The IMF data also highlighted that the GDP per capita, which measures the average income of a citizen based on the total economic output, is estimated at USD 11,940 (or 11.94 thousand international dollars in terms of purchasing power parity). 

In the budget presented last month, Finance Minister Nirmala Sitharaman reduced tariffs on a range of imports, from automobiles to liquor, and more may be coming.  

The four-year financing package intends to support Ethiopia's Homegrown Economic Reform Agenda with the aim of addressing macroeconomic imbalances, restoring external debt sustainability, and laying the foundations for higher, inclusive, and private sector-led growth. 

Dissanayake affirmed his administration's commitment to continue the IMF bailout programme initiated by the previous government led by Ranil Wickremesinghe.