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Who is KV Subramanian, IMF Executive Director sacked by India?

Krishnamurthy V Subramanian, before his posting at the global financial agency, served as the youngest Chief Economic Advisor in India from 2018 to 2021.

Krishnamurthy V Subramanian served as the 17th and the youngest Chief Economic Advisor to Government of India from 2018-2021. (X/@SubramanianKri)
Updated on May 04, 2025 12:24 PM IST

IMF's Indian executive director fired six months before his term ends

Dr Krishnamurthy Subramaniam's services as executive director (India) for the IMF have been terminated as per a government notice.

Dr Krishnamurthy Subramaniam's term as the Indian executive director for the IMF was cut short by the Appointments Committee of the Cabinet.(Prof K Subramianiam / Instagram)
Updated on May 04, 2025 11:29 AM IST

India looks to undercut Pakistan on world stage

India is working to counter Pakistan's narrative on terrorism at the UN and IMF, seeking global support after a deadly attack in Pahalgam.

India is working towards seeking global support as tensions with Pakistan continue to worse following the terror attack in Pahalgam.(REUTERS)
Updated on May 03, 2025 04:43 AM IST
By, New Delhi

'PM Modi's leadership is making a difference': Nirmala Sitharaman in US

Nirmala Sitharaman's remarks came as part of her official five-day visit to the United States, which began on April 20.

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman addresses the Indian diaspora during a gathering at the India Community Centre, in San Francisco.(@FinMinIndia)
Published on Apr 21, 2025 11:17 AM IST
ANI |

IMF sees US-China trade grievances, welcomes India tariff cuts

IMF-ECONOMY/TRADE (UPDATE 1):UPDATE 1-IMF sees US-China trade grievances, welcomes India tariff cuts

IMF sees US-China trade grievances, welcomes India tariff cuts
Updated on Apr 17, 2025 11:53 PM IST
Reuters |

Gita Gopinath, husband Iqbal Dhaliwal host Vishu sadya at US home

On X, Gita Gopinath shared a Vishu celebration photo, hosting a traditional sadya with family and Indian envoy.

Gita Gopinath took to X to share her Vishu celebration.(X/@GitaGopinath)
Updated on Apr 14, 2025 03:55 PM IST

84% returns! Pakistan stocks attract global investors: ‘Don’t have to stretch…'

Pakistan's stock market has begun attracting global investors once again. Know why.

Pakistan's stock market has surprised several people, attracting global investors(Reuters)
Updated on Feb 12, 2025 06:07 PM IST

White House band plays Om Jai Jagdish rendition on Diwali, Gita Gopinath reacts

Gita Gopinath posted a video of the White House military band playing ‘Om Jai Jagdish Hare" on the occasion of Diwali.

Washington: First Deputy Managing Director of the IMF Gita Gopinath during Diwali festival celebrations at the White House, in Washington DC, USA.(PTI/Image via @GitaGopinath on X)
Published on Oct 31, 2024 12:03 PM IST

Soft landing of global economy is increasingly a possibility: Sitharaman

A soft-landing of the global economy, which has experienced huge stress over the past several years is a possibility, Finance Minister Nirmala Sitharaman said

Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the same time sounded a note of caution that economies are not really picking up that much yet(PTI)
Published on Oct 26, 2024 07:28 AM IST
PTI |

IMF cuts penalty surcharge for world’s most indebted nations like Ukraine, Egypt

IMF's Managing Director Kristalina Georgieva said the move will lower IMF borrowing costs for members by 36%, or $1.2 billion every year

A participant stands near a logo of IMF at the International Monetary Fund-World Bank annual meeting at ,Bali, Indonesia.(Reuters)
Published on Oct 12, 2024 01:24 PM IST
Bloomberg |

IMF has a new demand for Pakistan which China will not like at all

IMF urged Pakistan to halt the establishment of industrial zones with investment incentives, potentially hindering efforts to attract Chinese industries.

Pakistan's plans to create industrial zones with tax breaks are challenged by the IMF, which seeks a level playing field for investments. This may impact efforts to draw Chinese industries amid ongoing development under the China-Pakistan Economic Corridor.(Reuters)
Published on Oct 11, 2024 11:13 AM IST
Bloomberg |

Pakistan cuts 150,000 government jobs. It's IMF's order

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.

Pakistan will eliminate 150,000 government jobs and consolidate ministries as part of IMF-required reforms for a USD 7 billion loan. The finance minister highlighted a growing economy, increased foreign reserves, and a significant rise in new taxpayers.(AFP)
Published on Sep 30, 2024 08:45 AM IST

IMF approves $7 billion loan as Pakistan faces economic losses

The country is set to go through ‘transitional pain’ as it works on structural reforms in order to revive their economy

.Pakistan said it would have to go through
Published on Sep 27, 2024 05:58 AM IST
AFP |

HT This Day: September 17, 1992 — India seeks $5 billion loan from IMF

According to IMF’s projections, the current account deficit of India in 1992-93 is expected to rise from US $ 3 billion in 1991-92 to US $ 6 billion as a result of casing of import restrictions

HT This Day: September 17, 1992 — India seeks $ 5 billion loan from IMF (HT)
Published on Sep 16, 2024 10:50 AM IST
ByNitya Chakravorty

Stocks and currencies muted; Nigeria, Mexico in focus

EMERGING-MARKETS/:EMERGING MARKETS-Stocks and currencies muted; Nigeria, Mexico in focus

Stocks and currencies muted; Nigeria, Mexico in focus
Updated on Sep 11, 2024 03:17 PM IST
Reuters |

Revolution over, Dhaka seeks $8 billion from IMF, World Bank and ADB

An IMF team is said to be visiting Dhaka next month to hold talks with the Muhammad Yunus government.

Bangladesh interim government head Muhammad Yunus
Updated on Aug 29, 2024 01:15 PM IST

Skilled workforce must for a developed India: Gopinath

The India-born economist spoke at a chat session with NK Singh, chairman of the 15th Finance Commission, as part of the ongoing diamond jubilee conference of the prestigious Delhi School of Economics (DSE).

IMF deputy managing director Gita Gopinath (L) with NK Singh, chairman of 15th Finance Commission, at the diamond jubilee conference of Delhi School of Economics. (Delhi School of Economics)
Updated on Aug 18, 2024 07:20 AM IST

India's forex reserves drop by $4.8 billion to $670.11 billion

India's forex reserves fell by $4.8 billion to $670.119 billion for the week ended on August 9

India's forex reserves dropped by USD 4.8 billion to USD 670.119 billion for the week ended August 9 (Representational Image)
Published on Aug 16, 2024 07:23 PM IST
PTI |

Pakistan has paid over $3.5 billion in interest to IMF in 40 years

The documents presented in the meeting revealed that the interest paid amounts to over ₹1,000 billion in Pakistani currency.

 A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting  in Nusa Dua, Bali, Indonesia.(Reuters)
Published on Aug 02, 2024 01:07 PM IST
PTI |

World Bank approves $1 billion in financing for Ethiopia

ETHIOPIA-DEBT/WORLDBANK (UPDATE 1):UPDATE 1-World Bank approves $1 billion in financing for Ethiopia

World Bank approves $1 billion in financing for Ethiopia
Published on Jul 31, 2024 12:27 AM IST
Reuters |

Egypt unlocks $820 million in IMF funding after review

The review of Egypt's expanded IMF loan program has been completed, unlocking $820 million in support for an economy emerging from its worst crisis in decades

The IMF deal along with a mammoth United Arab Emirates investment are the cornerstones of a $57 billion global bailout for Egypt (Pixabay)
Published on Jul 30, 2024 03:16 PM IST
Bloomberg |

Ethiopia gets IMF relief after easing forex curbs

Ethiopia gets IMF relief after easing forex curbs

Ethiopia gets IMF relief after easing forex curbs
Published on Jul 30, 2024 03:19 AM IST
AFP |

Fitch Upgrades Pakistan Credit Rating on Better External Funding

Fitch Ratings raised Pakistan’s credit rating, citing reduced risks from external funding after it secured a new bailout from the International Monetary Fund

Fitch upgraded Pakistan to CCC+ from CCC, suggesting while the nation remains below investment grade, there is a lower chance of a default now. (Pixabay)
Published on Jul 29, 2024 07:08 PM IST
Bloomberg |

Ethiopia currency slides as central bank eases forex curbs

Ethiopia currency slides as central bank eases forex curbs

Ethiopia currency slides as central bank eases forex curbs
Updated on Jul 29, 2024 01:45 PM IST
AFP |

Ukraine reaches preliminary deal with bondholder group on $20 bln debt rework

UKRAINE-CRISIS/DEBT (UPDATE 2):UPDATE 2-Ukraine reaches preliminary deal with bondholder group on $20 bln debt rework

Ukraine reaches preliminary deal with bondholder group on $20 bln debt rework
Updated on Jul 22, 2024 01:37 PM IST
Reuters |

From political fog, world growth doubts creep back in: Mike Dolan

GLOBAL-GROWTH/ (COLUMN, GRAPHICS, PIX):COLUMN-From political fog, world growth doubts creep back in: Mike Dolan

From political fog, world growth doubts creep back in: Mike Dolan
Published on Jul 17, 2024 11:32 AM IST
Reuters |

Pakistan to receive yet another loan from the IMF, $7 billion this time

The new IMF programme in Pakistan is to strengthen public finances, reduce inflation, and remove economic distortions to spur private sector growth.

A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting in Bali, Indonesia (Reuters)
Published on Jul 13, 2024 05:31 PM IST
PTI |

Pak Finance Minister Aurangzeb says new IMF deal to help country’s macroeconomic stability

Pak Finance Minister Aurangzeb says new IMF deal to help country’s macroeconomic stability

Pak Finance Minister Aurangzeb says new IMF deal to help country’s macroeconomic stability
Published on Jul 13, 2024 02:42 PM IST
PTI |

Pakistan has met all requirements for IMF bailout deal, finance official says

Pakistan has set challenging revenue targets in its annual budget to help it win approval from the IMF for a loan to stave off another economic meltdown.

A dark street in a commercial area in Lahore, Pakistan.(Bloomberg)
Published on Jul 03, 2024 11:55 AM IST
Reuters |

Sri Lanka finalises debt restructure agreement with official creditor committee

Sri Lanka reached a final restructuring agreement for $5.8 billion with its bilateral lenders’ official creditor committee headed by India, Japan, and France.

A woman walks past posters pasted on a roadside wall saying 'good news' in Sinhala language, in Colombo on June 25, 2024, as President Ranil Wickremesinghe is expected to announce a debt restructure deal with bilateral lenders after a sovereign default in April 2022. (Ishara S.Kodikara / AFP)
Published on Jun 26, 2024 09:07 PM IST
PTI |
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