International Monetary Fund (IMF) News

Both the IMF and World Bank project India to be the fastest-growing major economy in 2023. 

In the wake of the increased economic losses and reduced GDP growth, the per capita income is projected to slow down. The government had envisaged a GDP growth rate of 5 per cent for the current fiscal year.

When the Taliban last governed Afghanistan, from 1996 until the US-led invasion in 2001, they imposed a harsh interpretation of Islamic law. This time around, the Taliban have promised of more moderate rule. Afghanistan is heavily dependent on international aid, which covered around 75% of the toppled Western-backed government's budget.

Chief Economist of the International monetary fund (IMF), Gita Gopinath on Monday (March 8) hailed India’s COVID-19 vaccine policy. India has been at the forefront in fighting the coronavirus pandemic and ‘really stands out’ in terms of its vaccine policy, highlighted Gita Gopinath.

Over 100 countries have asked the IMF for emergency financing amid the pandemic, and the multilateral lender said earlier this year that it had doubled access to its emergency facilities to meet the expected demand.

International Monetary Fund (IMF) and the World Bank are providing emergency funds to developing and low-income countries across the world to strengthen their efforts to battle the rapidly spreading coronavirus.

Expressed in US dollar terms, FCAs include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen, held in the reserves.  

Stressing that governments must find better ways of supporting workers, they said each country needs to find its own mix of policies that is right for their circumstances.