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International Monetary and Financial Committee-IMFC

International Monetary and Financial Committee-IMFC Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) of the Board of Governors of the International Monetary Fund (IMF) at the Annual Meetings 2021 held in Washington D.C. on 14th October 2021. International Monetary and Financial Committee It is the Ministerial-level committee of the International Monetary

International Monetary Fund (IMF)

International Monetary Fund (IMF) Paper-2 I.O Economics The International Monetary Fund (IMF) is an organization of 189 member countries, each of which has representation on the IMF's executive board in proportion to its financial importance, so that the most powerful countries in the global economy have the most voting power. Objective Foster global monetary cooperation Secure financial stability Facilitate international trade Promote high employment and sustainable ec

Hope amid uncertainty: On IMF’s World Economic Outlook

Hope amid uncertainty: On IMF’s World Economic Outlook Context: IMF in its latest World Economic Outlook has called for more international cooperation as the world economy recovers slowly. COVID-19 has already claimed over a million lives. The pandemic has led to the loss of livelihoods and a fall in output in economies. IMF sums up the challenges ahead in the report’s title: ‘A long and difficult ascent’. News: The Fund’s economists have sou

International Monetary Fund (IMF)

International Monetary Fund (IMF) HQ is Washington DC. Head is Kristilina Georgiva. India is a founding member. 189 members. IMF is a cooperative institution. Functions of IMF Majorly for exchange rate stability, deciding exchange rate, distinctions between hard and soft currency, issuing paper gold and SDR mainly to tackle the crisis. Responsible for predicting World GDP, and growth rate, both for developed and developing countries separately. IMF works to control i

EXTERNAL SECTOR REPORT 2022: IMF

EXTERNAL SECTOR REPORT 2022: IMF  The  International Monetary Fund (IMF) has released its 2022 External Sector Report and advises India to roll back stimulus packages gradually. Highlight of report                    Fiscal and monetary policy stimulus The International Monetary Fund (IMF) advised India to progressively reduce monetary and fiscal policy support. Go

Paris Club

Paris Club The Paris Club is probably going to provide the IMF with financial guarantees on the Sri Lankan debt. More on the news: A loose association of predominantly western creditor nations, the Paris Club. It evolved from a gathering of Argentina's public creditors held in Paris in 1956. Finding long-term debt relief options for nations unable to pay back bilateral loans is its main goal. Members of the Organization for Economic Co-operation (OECD

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