Washington: Greece slipped deeper into its financial abyss after the bailout programme it has relied on for five years expired at midnight on Tuesday and the country failed to repay a loan to the International
Athens, Greece: Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced
Athens: European Union has offered Greece a last-minute deal to ease the debt crisis that is threatening the country out of the euro and weaken the foundations of the European Union's single currency.According to a
Islamabad: As part of a three-year loan programme, the International Monetary Fund (IMF) has given nod to release around $506 million for Pakistan, the state media reported.In a statement issued in Washington, the IMF said
Lille, France: Former International Monetary Fund chief Dominique Strauss-Kahn was cleared of pimping charges on Friday in France, putting an end to four years of legal drama that began with a sexual assault charge in
Singapore: International Monetary Fund (IMF) today welcomed passage of the long-pending Goods and Services Tax (GST) by the Lok Sabha, saying it will lead to long-term sustainable growth in the country.“We welcome the introduction of
Washington: India's growth rate is expected to rise to 7.5 percent this year and next, making it one of the fastest growing economies in the world, according to the IMF's latest economic health check.The other
Washington: Ahead of the next week's IMF-World Bank Spring Meetings, IMF chief Christine Lagarde yesterday described India as "growth bright spot" and said New Delhi should focus on labour and product market reforms. "Forecasts for most
New Delhi: The Asian Development Bank (ADB) today projected India's growth rate to surpass China and improve to 7.8 per cent in next fiscal and further to 8.2 per cent in 2016-17.India's growth and investor
Mumbai: Showering fulsome praise on Reserve Bank of India Governor Raghuram Rajan, International Monetary Fund chief Christine Lagarde on Tuesday said not listening to his prediction of 2008 credit crisis was a big mistake of
New Delhi: India needs to narrow the gender gap and have more women in labour market to fully harness the benefits of demographic dividend, said an International Monetary Fund (IMF) Working Paper.“A number of policy
New Delhi: Terming India a bright spot in the “cloudy” global economy, IMF Managing Director Christine Lagarde today said the country will clock 7.2 per cent growth in the current fiscal and its GDP will
New Delhi: International Monetary Fund (IMF) chief Christine Lagarde has said that India has an opportunity to emerge as one of the world's most dynamic economies.She, however, added that it needs to implement the planned
Washington: Christine Lagarde, the Managing Director of the International Monetary Fund will visit India next week, during which she is likely to meet the country's top leadership including Prime Minister Narendra Modi."She will be in
Washington/New Delhi: With banks resisting passing on RBI's interest rate cuts to consumers, the IMF has said lenders in India are rather quicker in responding to the central bank's monetary tightening measures.Besides, the deposit rates
Washington: Terming Indian economy a "bright spot" on the global economic landscape, IMF on Wednesday raised its growth forecast for the current fiscal to 7.2%, even as it called for steps to revitalise the investment
Washington: US President Barack Obama has re-nominated Sunil Sabharwal, an independent Indian-American investor, to a key administration post as Alternate Executive Director at the IMF.First nominated in April 2014 to the position of Alternate Executive
Washington: The International Monetary Fund (IMF) Monday approved a $82.1-million financing package for the Ebola-hit Liberia in view of its pronounced fiscal and external financing needs, Xinhua news agency reported.The plan covers a disbursement of
Lille, France: A high-profile pimping case against Dominique Strauss-Kahn nearly unraveled Monday, as five of six plaintiffs in a French prostitution trial dropped their accusations against him, saying there's no proof that the former International
New Delhi: The International Monetary Fund has lowered its forecast for global economic growth in 2015, with diminished expectations almost everywhere except the U.S., citing persistent weakness in the eurozone and a broad slowdown in
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