Coronavirus Outbreak: Asia to see zero percent growth in 2020, worst performance in 60 years, says IMF
Asia is expected to witness zero percent growth in 2020 due to COVID-19 pandemic, its worst growth performance in almost 60 years, but still the world's largest and most populous continent is likely to fare better than other regions in terms of activity, the International Monetary Fund (IMF) has said
Coronavirus Outbreak: IMF proposes to deploy full $1 trillion lending capacity to support countries battling COVID-19
Describing the COVID-19 pandemic as "a crisis like no other," IMF head Kristalina Georgieva has said the international lender plans to use all its $1 trillion lending capacity to support countries across the world battling the deadly outbreak
Raghuram Rajan, 57, who was the Reserve Bank of India (RBI) governor for three years until September 2016, is currently working as a professor at the prestigious University of Chicago
Coronavirus Outbreak: IMF anticipates sharpest negative economic growth fallout since Great Depression
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday
The World Bank has approved $1 billion emergency funding for India to help it tackle the coronavirus pandemic, which has claimed 76 lives and infected 2,500 people in the country
World Bank approves first $1.9 bn for poor countries battling virus; President David Malpass says could provide up to $160 bn assistance
World Bank President David Malpass predicted the bank could provide up to $160 billion in assistance over the next 15 months.
IMF warns coronavirus recession could be worse than 2009 financial crisis; says will require unprecedented response
The world economy is facing "severe" economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, International Monetary Fund(IMF) chief Kristalina Georgieva said Monday
India has worked on fundamentals, but problems needs to be addressed; projecting strong growth for country: IMF
The IMF on Tuesday trimmed India's growth forecast by 90 basic points to 6.1%.
Ravi Shankar Prasad retracts statement on success of movies indicating 'no economic slowdown', says 'factually incorrect'
Day after Union Minister Ravi Shankar Prasad said that three Bollywood movies generating business of Rs 120 crore on the 2 October holiday suggested a 'sound economy', he retracted the statement saying it was 'factually incorrect'
Ravi Shankar Prasad dismisses IMF remarks on economic slowdown, says three movies earning Rs 120 cr in day points to 'sound' economy
Union law minister Ravi Shankar Prasad termed wrong the National Sample Survey Organisation's report which claimed that unemployment was at a 45-year high
Global economy in 'synchronised slowdown' says new IMF chief; effects more pronounced in India, Brazil
Around 90% of the world would be faced with an economic slowdown, said International Monetary Fund's (IMF) new managing director Kristalina Georgieva
A top executive at the World Bank, Kristalina Georgieva of Bulgaria, is now officially unopposed in her bid to become only the second woman ever to lead the International Monetary Fund
Christine Lagarde resigns as IMF chief, cites more clarity for nomination as European Central Bank president
Christine Lagarde said in a statement her resignation was effective 12 September, opening the way for the IMF to launch the search for her successor
The commission seeks to "convince countries across the globe to take measures to arm themselves against the consequences of climate change." the Dutch minister for infrastructure and water management said.
Not educating girls affects population growth, costs global economy $15 to $30 trillion, says World Bank
World Bank reported on the eve of UN Malala Day that not educating girls has costed the global economy around $15 to $ 30 trillion
Devendra Fadnavis meets World Bank CEO, seeks assistance for multimodal transport corridor, rural livelihood project
Maharashtra chief minister Devendra Fadnavis the World Bank's help for a Multimodal Transport Corridor and Rural Livelihood Project for sustainable livelihood in many villages
The World Bank credited India's "extraordinary" achievement of quadrupling of per capita income to reforms taken in last three decades
The Indian Commissioner of the Permanent Indus Commission has accepted his Pakistani counterpart's invitation for talks on the Indus Waters Treaty scheduled to be held in Pakistan in the second half of March.
World Bank CEO’s pat for demonetisation is a shot in the arm for Modi; it also exposes unreliability of economists
What bothers one is the absolute authority with which one makes assertions, that too involving precise numbers.
World BanK CEO Kristalina Georgieva boards Mumbai train: Will the promised $1 bn improve commuting experience?
World Bank’s Chief Executive Officer Kristalina Georgieva, on Tuesday, hopped onto a Mumbai local train and as media reports go, she wanted to get a feel of the local commuter train system, known as the super-dense crowd carrier.