India took decisive steps during Coronavirus Pandemic: IMF

India took decisive steps during Coronavirus Pandemic: IMF

Washington: The International Monetary Fund (IMF) praised India saying that India took decisive steps while countering the Coronavirus crisis and its economic repercussions. Kristalina Georgieva, the chief of the IMF, said that India was ahead of the developing countries on this front while appreciating India. The IMF will be publishing its report on the 26th […]

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China needs to act urgently to contain financial risks, warns IMF 

China needs to act urgently to contain financial risks, warns IMF 

Washington/Beijing: – The International Monetary Fund (IMF) has warned that China needs to initiate immediate steps to avert the threats to economic stability. The Chinese economy’s debt burden has increased tremendously during the Coronavirus pandemic period, and small banks and local administrations are feeling immense pressure. At the same time, the credit rating of the […]

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Not borrowing from IMF, a mistake, confesses Pakistan PM Imran Khan

Not borrowing from IMF, a mistake, confesses Pakistan PM Imran Khan

Islamabad: Pakistan Prime Minister Imran Khan confessed that it was a mistake on the government’s part not to have approached the international Monetary Fund (IMF), for funds, after assuming power in Pakistan. Currently, the Pakistan economy is in dumps and opposition parties, media and even the population is criticising that it is the Imran Khan […]

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Saudi shuts doors on Pakistan for loans and oil; Pak military chief to visit Saudi Arabia

Saudi shuts doors on Pakistan for loans and oil; Pak military chief to visit Saudi Arabia

Islamabad: – Saudi Arabia has asserted that henceforth, Pakistan will neither get any loans nor fuel. Pakistan Foreign Minister Shah Mahmood Qureshi had threatened Saudi Arabia over not convening a meeting of the OIC over the Kashmir issue. Looking at the reactions of Saudi Arabia, it is clear that the relations between the two countries […]

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IMF: Debt-ridden Pakistan should stop employee salaries

IMF: Debt-ridden Pakistan should stop employee salaries

Islamabad: – The International Monetary Fund (IMF) has slapped Pakistan, requesting for a fresh loan of $15 billion, on the face. The IMF has given frank advice that as a country has obtained loan upto 90% in its economy, Pakistan should stop paying its employees to avert an economic crisis, . The IMF also demanded […]

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Global economy faces a huge threat of ‘The Great Depression’, like 1920-30 decades; warns IMF

Global economy faces a huge threat of ‘The Great Depression’, like 1920-30 decades; warns IMF

Washington: International Monetary Fund (IMF) warned that if corrective measures are not taken regarding the increasing disparity between the rich and poor, there is a looming threat of ‘The Great Depression revisiting the global economy, like the decades of 1920 and 1930. The chief of the IMF warned that credit policies of the countries can […]

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The decline in the Indian economy worrisome, warns IMF

The decline in the Indian economy worrisome, warns IMF

New Delhi/Washington: Chief Economist of the International Monetary Fund (IMF), Geetha Gopinath, met Indian Prime Minister Narendra Modi and held talks. A few days ago, Geetha Gopinath had expressed concerns over the slowdown in the Indian economy. Citing regulatory uncertainty as one of the significant reasons in the slowdown of the Indian economy, Geetha Gopinath […]

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The discontent in the Arab world on the rise because of the increasing unemployment and declining growth rate

The discontent in the Arab world on the rise because of the increasing unemployment and declining growth rate

Washington: The International Monetary Fund (IMF) has warned that the social tensions in the Arabic world are becoming intensifying, in view of the increasing unemployment and the consistently declining growth rates and the discontent is rising in these countries. This warning by the IMF becomes significant against the background of the agitations going on in […]

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More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

More than half the banks in the world will not survive the recession, warns global Consulting firm McKenzie

New York: The global consulting firm McKenzie issued a warning that nearly 60% of the banks in the world have failed to get returns on their investments, and these banks will not be able to take the hit of the recession. Against the background of the indications of recession received from around the world, this […]

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