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IMF’s $4.5 billion loan for Bangladesh
Bangladesh and the International Monetary Fund (IMF) finalized the preliminary deal for a 4.5 billion USD loan. About the IMF loan to Bangladesh Under the preliminary deal, the IMF provisionally agreed to provide a 4.5 billion USD support programme to ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
IMF $2.9bn deal to aid Sri Lanka
Recently, the International Monetary Fund (IMF) has come forward to help Sri Lanka, which is facing a historic economic crisis. The IMF has announced a loan of $ 2.9 billion to Sri Lanka. Key Points The aid aims to restore ..
Month: Current affairs - September, 2022
Category: International / World Current Affairs
K Subramaniam: Executive Director (India) at IMF
Former Chief Economic Adviser of India K. Subramaniam was recently appointed as the Executive Director of India at the International Monetary Fund (IMF). He will replace Surjit S Bhalla, who was appointed as India’s executive director on the board of ..
Month: Current Affairs - August, 2022
Category: Awards, Honours & Persons in News • Economy & Banking Current Affairs
IMF World Economic Outlook- Update
India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs • Reports & Indexes Current Affairs
IMF: Review of Special Drawing Rights (SDR)
The International Monetary Fund (IMF) increased the weighting of the US dollar and Chinese yuan (Renminbi) in the Special Drawing Rights (SDR) basket of currencies. The updated weightings will be effective from August 1st. What are the current weights assigned ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
RBI Report on Currency and Finance
Recently, the Reserve Bank of India (RBI) released the Report on Currency and Finance (RCF) for the year 2021-22. What is the theme of the report? The theme of the report is “Revive and Reconstruct” in the context of nurturing ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs
IMF’s World Economic Outlook- Highlights
In its World Economic Outlook, which was published on October 12, 2021, International Monetary Fund (IMF) improved its growth forecasts of the Latin American and Caribbean economy in the year 2021. Highlights As per IMF report, a recovery of 6.3% ..
Month: Current Affairs - October, 2021
India-UK Roadmap 2030 and Enhanced Trade Partnership
The Indian Prime Minister Narendra Modi and the UK Prime Minister Boris Johnson held a virtual bilateral summit. During the summit, the leaders adopted an ambitious “Roadmap 2030”. This will help to elevate the bilateral ties between the countries. Also, ..
Month: Current Affairs - May, 2021
IMF to distribute SDR to member countries by August
The International Monetary Fund recently announced that it will distribute the Special Drawing Rights to its member countries by mid-August. Key Highlights The IMF has agreed to support SDR allocation of 650 million USD. This is the largest in the ..