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SHIRSENDU KARMAKAR

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IMF approves $7bn bailout for Pak, tranche of $1.1bn expected this month The first tranche of $ 1.1 billion is likely to be released by September 30, 2024 The International Monetary Fund's board (IMF) on Wednesday approved a $7 billion Extended Fund Facility (EFF) for cash-strapped Pakistan, providing a critical boost to the country's struggling economy. The development was announced by the Prime Minister's Office (PMO) while a statement is expected from the IMF. The PMO said the premier expressed his satisfaction with the programme's approval. "The implementation of economic reforms is going on rapidly, he said, adding that the government would continue to work hard to achieve goals related to economic development after achieving economic stability. The prime minister said the increase in business activities and investment in the country was welcome and a testament to the hard work of the economic team, Dawn newspaper reported. ©SHIRSENDU KARMAKAR #IMF

IMF approves $7bn bailout for Pak, tranche of $1.1bn expected this month The first tranche of $ 1.1 billion is likely to be released by September 30, 2024 The International Monetary Fund's board (IMF) on Wednesday approved a $7 billion Extended Fund Facility (EFF) for cash-strapped Pakistan, providing a critical boost to the country's struggling economy. The development was announced by the Prime Minister's Office (PMO) while a statement is expected from the IMF. The PMO said the premier expressed his satisfaction with the programme's approval. "The implementation of economic reforms is going on rapidly, he said, adding that the government would continue to work hard to achieve goals related to economic development after achieving economic stability. The prime minister said the increase in business activities and investment in the country was welcome and a testament to the hard work of the economic team, Dawn newspaper reported. ©SHIRSENDU KARMAKAR #IMF

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IMF raises India's GDP growth forecast by 20 basis points to 7% for FY25 Global growth projection put at 3.3% for calendar year 2025; energy and food price inflation 'almost back' to pre-pandemic levels The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for FY25 by 20 basis points to 7 per cent, citing “improved prospects” for private consumption, particularly in rural areas. The IMF expects gross domestic product (GDP) growth in FY26 to slow down to 6.5 per cent, same as projected in its April World Economic Outlook (WEO). “The forecast for growth in India has also been revised upward, to 7.0 percent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas,” it said in an update to the WEO. ©SHIRSENDU KARMAKAR #IMF

IMF raises India's GDP growth forecast by 20 basis points to 7% for FY25 Global growth projection put at 3.3% for calendar year 2025; energy and food price inflation 'almost back' to pre-pandemic levels The International Monetary Fund (IMF) on Tuesday raised India’s growth projection for FY25 by 20 basis points to 7 per cent, citing “improved prospects” for private consumption, particularly in rural areas. The IMF expects gross domestic product (GDP) growth in FY26 to slow down to 6.5 per cent, same as projected in its April World Economic Outlook (WEO). “The forecast for growth in India has also been revised upward, to 7.0 percent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas,” it said in an update to the WEO. ©SHIRSENDU KARMAKAR #IMF