India takes leading role in calling for multilateral bank reforms
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
India has also adopted another two-pronged approach to promote change: Setting up a fund with the UN for developing countries and working with the BRICS on the New Development Bank.
As the world is in the midst of the ‘Great Election Year’ of 2024, the International Monetary Fund (IMF) has sounded the alarm on the perilous tight-rope walk between democratic exercises and fiscal responsibility.
The Maldives is highly vulnerable to climate change risks, with potentially severe economic costs due to floods and rising sea level, the IMF said.
It also upgraded the growth forecast for the India economy by 0.2 percentage points to 6.5 percent for both 2024 and 2025, citing resilient domestic demand.
The data cited the buoyant domestic spending and improved global growth prospects.
Pakistan Tehreek-e-Insaf (PTI) Chairman and former prime minister Imran Khan on Friday said that a fresh election is the only way to end the instability in the country, local media reported.
Former Chief Economic Adviser (CEA) Krishnamurthy Subramanian will be the Executive Director for India at the International Monetary Fund (IMF).
Pakistan has immense latent capabilities to be a valuable partner for its key strategic partners, but its ruling elite must wake up to new realities.
A new generation of policymakers is at the helm, lacking in crisis management experience. Even though they have had to deal with the situation from a handicapped position due to the unfavourable external environment, some of their actions (and a lot of their inaction) has compounded the effects of the crisis on markets and investors.
The IMF and Pakistan reached a staff-level agreement last week that they hoped would stabilise the country’s economy and depreciating currency.
