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IMF ready to support Sri Lanka's discussions with bondholders

Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program.

Sri Lanka, which declared its first-ever debt default in April 2022, had secured an IMF bailout agreement of USD 2.9 billion over four years by the last quarter of 2022. (Reuters/File)
Published on Apr 18, 2024 11:04 AM IST
Reuters |

India is the bright spot in sluggish economy

India will continue to be the fastest-growing major economy despite a moderation from current levels of growth.

The IMF's WEO report underlines that generating broad-based growth tailwinds is not going to be easy. (Reuters/File)
Published on Apr 17, 2024 09:45 PM IST
ByHT Editorial

IMF changes lending rules to speed up debt restructuring

The board on April 9 approved reforms in five policy areas “which should ensure a smoother and speedier process in the future”, the fund said in a statement.

A major hurdle for those approaches has been receiving “financing assurances” from creditors, which are key to unlocking IMF aid. (AP)
Updated on Apr 17, 2024 02:12 AM IST
Bloomberg |

IMF projects India's 2024 growth at 6.8%, remains fastest-growing major economy

IMF raises India's growth forecast to 6.8 per cent, citing strong domestic demand and young workforce.

IMF raises India's growth projection to 6.8% in 2024(AFP File Photo)
Updated on Apr 16, 2024 07:45 PM IST

IMF's India growth estimates ‘consistently inaccurate’: Ex-CEA Subramanian

K Subramanian, India's IMF representative, was reacting to the world body distancing itself from his “8% growth” projection for the country.

IMF executive director KV Subramanian (ANI Photo)
Published on Apr 06, 2024 01:29 PM IST
By, New Delhi
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