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Gita Gopinath in ‘Wall of former chief economists’

Gita Gopinath recently got featured on “wall of former chief economists” of the International Monetary Fund (IMF). She is the first woman and second Indian to get this honour. Key Facts The first Indian to get featured on “wall of ..

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World Bank’s Global Growth Forecast

The World Bank has reduced the global growth forecast for 2022 from 4.1 percent to 3.2 percent. The growth forecast has been reduced due to the impacts of the Russian invasion of Ukraine. Overview: The World Bank has proposed a ..

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World Bank Report on Extreme Poverty in India

According to a working paper of the World Bank, extreme poverty in India has dropped from 22.5 percent in 2011 to 10.2 percent in the pre-Covid year of 2019. Also, the pace of poverty reduction in rural India has been ..

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IMF on El-Salvador Bitcoin legal tender

The International Monetary Fund recently asked El Salvador to remove the legal status of bitcoin. What happened? In September 2021, El Salvador became the first country to allow its consumers to use cypto currencies. Fear arose all over the country ..

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IMF World Economic Outlook- Update

The International Monetary Fund (IMF) released its World Economic Outlook on January 25, 2022. Key Findings of the report As per report, Global economic growth will decrease by half a percentage point less than it was forecasted earlier. The growth ..

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Pierre-Olivier Gourinchas: New IMF Chief Economist

The International Monetary Fund (IMF) have appointed Pierre-Olivier Gourinchas as the new Chief Economist. Key Points He succeeds Gita Gopinath as its chief economist. Gourinchas is presently the director of Clausen Center for International Business & Policy, at the University ..

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Gita Gopinath: IMF First Deputy Managing Director

The Indian American, Gita Gopinath has become the first Deputy Managing Director of International Monetary Fund. She is the first Indian to take up the top role in the organisation. First Deputy Managing Director is the second top post in ..

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FATF adds Turkey to Grey List; Pak retained

Global terror financing watchdog, Financial Action Task Force (FATF), retained Pakistan on the ‘Grey List of countries’. Key Points This time, the watchdog had added three new countries namely Turkey, Jordan & Mali, to the Grey List. As per FATF, ..

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UN sets up Special Trust fund for Afghanistan

The United Nations has set up a special trust fund on October 21, 2021 for Afghanistan, in order to provide urgently needed cash directly to Afghans. Highlights This special trust fund was set up through a system by tapping into ..

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Gita Gopinath to leave IMF

Chief Economist and Director of the Research Department of International Monetary Fund (IMF), Gita Gopinath, is set to leave her job in January 2022. Highlights She will return to the prestigious Harvard University, after leaving the job. The Indian-American economist ..

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