Page-4 of International Monetary Fund (IMF)
IMF Proposes USD 50 Billion Global Vaccination Plan
The IMF (International Monetary Fund) proposed a USD 50 billion global vaccination plan which will cover about 40 percent of global population by the end of 2021. It also seeks to cover at least 60 percent of the population by ..
Month: Current Affairs - May, 2021
IMF: Sub-Saharan Africa to see world’s slowest growth in 2021
The International Monetary Fund recently released the Regional Economic Outlook for Sub Saharan Africa. According to the report the Sub Saharan region is to witness the world’s slowest growth in 2021. Key Findings The sub-Saharan region is projected to grow ..
Month: Current Affairs - April, 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 ..
Month: Current Affairs - April, 2021
IMF’s Asia Growth Forecast
The International Monetary Fund recently released its World Economic Outlook report. Under its report, IMF has downgraded the forecasts for the South East Asian economies. On the other hand, it has been more optimistic about Asia-Pacific and Global economies. Key ..
Month: Current Affairs - April, 2021
G20 nods to IMF for fresh SDR issue
The G20 Finance Ministers recently nodded to the International Monetary Fund to provide fresh Special Drawing Rights to its member countries. The IMF has been permitted to provide SDR of worth 650 million USD to the member countries. This will ..
Month: Current Affairs - April, 2021
IMF: India’s Debt to GDP increased to 90%
The International Monetary Fund recently announced that the debt to GDP ratio of India increased from 74% to 90% due to COVID-19 crisis. This is to increase to 99% in 2021. The international financial organisation has also stated that this ..
Month: Current Affairs - April, 2021
IMF: Solidarity Tax on Pandemic Winners
The International Monetary Fund recently announced Solidarity Tax on Pandemic Winners. That is, the companies that prospered during COVID-19 crisis should pay additional tax to show solidarity towards those hit hardest by the pandemic. About the Solidarity Tax suggested by ..
Month: Current Affairs - April, 2021
BRICS Finance Ministers Meet, 2021
India recently hosted the BRICS Finance Ministers Meet. This was the first BRICS meet under the chairmanship of India in 2021. As 2021 BRICS Chair, India aims to focus on strengthening intra-BRICS cooperation based on continuity, consolidation and consensus. Discussions ..
Month: Current Affairs - April, 2021
World Economic Outlook
The International Monetary Fund recently released the World Economic Outlook titled “Managing Divergent Recoveries”. Key Findings of the report The report has predicted GDP growth of India for the current fiscal year 2022 to be 12.5%. This is 1% higher ..
Month: Current Affairs - April, 2021
Economic Survey 2021- Key Highlights
Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2020-21 in the Lok Sabha on January 29, 2021. Highlights The Economic Survey 2021 presented an estimation of the progress that the Indian economy has made in the last 12 months. ..