IMF Annual Report on India

The International Monetary Fund (IMF) published its annual report on October 15, 2021. In its report, it states that, India’s economy is gradually recovering after it was hit hard by two Covid-19 waves. Key Findings IMF however cautioned the authorities ..

Month: Current Affairs - October, 2021

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

Tunisia’s President unveils new Government

President of Tunisia, Kais Saied, unveiled a new government on October 11, 2021. Highlights The President also gave no hint when he would give up his near total control, seizing most powers in July 2021. He also did not give ..

Month: Current Affairs - October, 2021

IMF Report on Crypto Ecosystem

The International Monetary Funds (IMF) has released its report called “Global Financial Stability Report”, highlighting how digital currency assets brings in financial stability challenges. Key findings of report In its report, IMF notes that rapid growing crypto ecosystem presents new ..

Month: Current Affairs - October, 2021

Sri Lanka seeks $100-mn IMF loan to procure Covid Vaccine

Sri Lanka is seeking for a $100 million loan from the International Monetary Fund (IMF) in order to procure 14 million doses of the Pfizer Covid-19 vaccine. Highlights With this loan, Sri Lanka would also finance other vaccination programme related ..

Month: Current Affairs - September, 2021

IMF raises India’s SDR allocation

The International Monetary Fund (IMF) has increased the allocation of Special Drawing Rights (SDR) to India in line with the existing quota of India in the fund. Highlights SDR is an alternate reserve currency which is floated by the IMF. ..

Month: Current Affairs - September, 2021

Foreign exchange reserves surge by USD 9.427 billion

As per RBI Data, India’s foreign exchange reserves surged by USD 9.427 billion. Foreign exchange reserves now stand at a record high of USD 620.576 billion in the week ended July 30. Key Points In 3rd week of July, reserves ..

Month: Current Affairs - August, 2021

IMF approves $650 billion for poor countries to tackle Covid

Member nations of the International Monetary Fund have approved the injection of $650 billion to help countries in dealing with mounting debt and economic fallout because of Covid-19 pandemic. Highlights These reserve assets, called as special drawing rights, have been ..

Month: Current Affairs - August, 2021

India: 4th largest Forex Reserves holder

India’s forex reserves crossed $600 mark for the first time and as on June 4, it stood at $605 billion. With this, India equals Russia as the fourth largest reserve holder worldwide. Highlights India’s forex reserve was $605.008 billion while ..

Month: Current Affairs - June, 2021

IMF warns for ‘Ricochet Impact’

According to International Monetary Fund (IMF), Emerging-market nations’ struggle to move out of covid-19 pandemic-induced economic crisis can hurt developed nations. It said, crisis has “Ricochet impact” on the developed and advanced economies. Highlights IMF suggests that, developed nations should ..

Month: Current Affairs - May, 2021