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Tag : IMF

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Bahrain and UK review regional tensions and economic risks

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MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic fallout from the current crisis and the need to support...
Business

South Korea FX reserves fall in March on stronger dollar

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SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
Business

India forex reserves hit record $728.49bn on RBI data

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MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a...
News

UAE President meets IMF Managing Director in Abu Dhabi

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MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at Qasr Al Shati in Abu Dhabi on Monday, as the two sides discussed areas of...
Business

IMF says India’s growth resilient with inflation stable

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India’s economy grows 6.6% in FY 2025-26, IMF says, with inflation stable and domestic consumption powering expansion....
Business

IMF reduces annual borrowing costs for members by 36 percent

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The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1....
Business

IMF provides $24B in interest-free loans to low-income countries during pandemic

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The International Monetary Fund (IMF) has provided over $24 billion in interest-free loans to more than 50 low-income countries since the COVID-19 pandemic. The resource adequacy of the Poverty Reduction and Growth Trust (PRGT), Resilience...