The World Economic Outlook (WEO) is an International Monetary Fund’s report that provides analysis and forecasts of economic developments and policies in its member countries. The report encapsulates the state of the global economy and highlights risks and uncertainty that …
What is it? Foreign exchange reserves are foreign currency assets held by the central banks of countries. These assets include foreign currency assets, gold, special drawing rights (SDRs) and reserve position in the IMF. The main purpose of holding foreign …
Background: The International Monetary Fund (IMF) has predicted that in five years from now, India’s GDP will have increased to $5.8 trillion and India will be the third largest economy of the world. Even then India will be the poorest …
About IMF The International Monetary Fund (IMF) was set up in 1945 out of the Bretton Woods conference. The primary goal of the IMF back then was to bring about international economic coordination to prevent competing currency devaluation by countries …
What’s in the news? The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. In its latest World Economic Outlook, the 190-country …
Context: The International Monetary Fund(IMF) has raised concerns about the long-term sustainability of India’s debts. It also reclassified India’s exchange rate regime, terming it a “stabilised arrangement” instead of “floating”. At this juncture, understanding the debt burden of the Government …
Context The International Monetary Fund (IMF) has cleared the second tranche — of about US$337 million — of the Extended Fund Facility (EFF) to Sri Lanka, based on the debt treatment plan drawn up by the crisis-battered island nation and …