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 …
Context The International Monetary Fund (IMF) has approved a $7bn loan to cash-strapped Pakistan. The new programme “will require sound policies and reforms” to stabilise and help make the economy more resilient. The country has relied on IMF loans to …
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 …