Maldives remains at high risk of debt distress, warns IMF
The Maldives is highly vulnerable to climate change risks, with potentially severe economic costs due to floods and rising sea level, the IMF said.
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.
In the complex world of international finance, the recent reclassification of India’s exchange rate regime by the International Monetary Fund (IMF) from “floating” to “stabilised arrangement” has sparked a spirited disagreement between it and the Reserve Bank of India (RBI).
The IMF reclassified India’s foreign-exchange regime to a stabilised arrangement from a floating system, it said in its annual Article IV country report.
Discussing the recent geopolitical developments, Sitharaman and Georgieva shared concerns about the impact of the Russia-Ukraine conflict on the global
Political consensus has not developed yet on the issues relating to land acquisition and labour laws. Resistance of different groups against land acquisition for open cast coal mine at Deucha-Panchami near Sainthia in Bengal is indicative of the fact that we have not moved an inch from the days of the Singur agitation when it comes to the issue of land acquisition. Various stakeholders are still opposed to the new labour laws
The Reserve Bank of India's forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10.
The top echelons of these institutions rarely stay in Pakistan, having invested their income in purchasing property and businesses abroad.
The IMF's World Economic Outlook (WEO) kept the gross domestic product (GDP) growth forecasts it had made in July for India, whose Covid-battered economy had shrunk by 7.3 per cent in the last fiscal year.