GERRY RICE
Concerned by food, fertiliser export restrictions: IMF
The IMF has said that it is concerned by the use of food and fertilizer export restrictions by some nations which can exacerbate global price increases and market volatility and welcomed India's recent decision to relax its originally announced ban on wheat exports and allow some shipments to proceed.
IMF says it is concerned by food, fertilizer export restrictions; welcomes India's decision to relax ban on wheat exports
A senior International Monetary Fund official observed that some 30 countries have curtailed exports of commodity goods including food and fuel since the war in Ukraine began.
IMF plans in-person Sri Lanka mission in coming weeks for policy talks
The nation-island is in talks with the IMF for a loan package to help navigate its worst economic crisis in seven decades. Sri Lanka's Prime Minister Ranil Wickremesinghe requested on Wednesday to send a staff-level delegation to the crisis-hit country as soon as possible.
IMF says expects to revise downward its forecast for global growth
That would be its third downgrade this year. In April, the IMF had already slashed its forecast for global economic growth by nearly a full percentage point to 3.6% in 2022 and 2023.
International Monetary Fund warns of 'looming humanitarian crisis' in Afghanistan
IMF spokesman Gerry Rice said the global lender's engagement with Afghanistan remains suspended, which means IMF funding is on hold.
IMF says Pakistan talks ongoing; more work needed on structural reforms
Rice declined to say if disbursements under that program had been halted, but said further discussions were needed about Pakistan's sustainable fiscal spending plans, structural reforms, particularly in the tax and energy sectors, and social spending.
Farm bills have potential to represent significant step forward for agricultural reforms in India: IMF
There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at IMF, said at a news conference in Washington on Thursday.
Indian economy is gradually recovering: IMF
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. "India has indeed been severely affected by the pandemic but is gradually recovering," IMF chief spokesperson Gerry Rice said.
Further fiscal stimulus needed to help India properly deal with pandemic fallout: IMF
Gerry Rice, Director of Communications Department at the International Monetary Fund (IMF), told reporters at a virtual news conference here that the Washington-based global financial institution supports the Indian government's responses to the pandemic including fiscal stimulus with a focus on low income workers and households.
IMF approves $6 bn loan for Pakistan with tough conditions
The aid includes an immediate disbursement of $1 billion to help Pakistan address its balance of payment crisis.
Looking forward to working with new govt of PM Modi: IMF
"The IMF looks forward to working with Prime Minister Modi's new government," Gerry Rice said.
Operational independence of central banks important for carrying out their responsibilities: IMF
Rice said that, the RBI played a vital role in ensuring economic and financial stability, and was an important counterpart and partner for the IMF.
Why Donald Trump's trade war isn't worrying most economists, yet
The economic damage may also broaden if fears of a trade war cause a sharp selloff in risk assets, causing financial conditions to tighten.
IMF opposes Donald Trump's import duty plan on steel and aluminum
IMF, he said, is concerned that the measures proposed by the US will, de facto, expand the circumstances where countries use the national-security rationale to justify broad-based import restrictions.
IMF's Lagarde found guilty in French tycoon payout trial; France voices trust
Christine Lagarde's lawyer said immediately after the ruling that his team would look into appealing the decision.
IMF warns of repercussions of Brexit all through global economy
IMF' Gerry Rice said the Brexit was likely to cause a dampening of growth in the near term, and urged policy makers to act decisively while dealing with the situation.
Rupee appreciates against dollar
After depreciating in the morning session, rupee recovered smartly in the afternoon trades.
IMF says ready to help quake-struck Nepal
The Fund has a zero-interest rapid credit facility which can be used to support immediate government financial needs in a crisis.
Following BRICS development bank plan with great interest: IMF
'The issue it seeks to address, which is the infrastructure gap in developing countries, is indeed a key constraint to sustainable growth,' Gerry Rice said.
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