#G20 economies. pledge to raise #IMF reserves with allocation of the fund's own SDRs currency for lending to poorer countries. Know more, here ⤵️

https://www.moneycontrol.com/news/business/economy/big-economies-agree-to-boost-imf-funding-kristalina-georgieva-6596151.html?utm_source=telegram&utm_medium=social

Pierre-Olivier Gourinchas has been appointed as International Monetary Fund's new chief economist, succeeding @GitaGopinath who quit last year.

Here's Gopinath said on her successor after #IMF named him for the top role 👇
https://www.moneycontrol.com/news/trends/what-gita-gopinath-said-on-successor-pierre-olivier-gourinchas-imf-new-chief-economist-7925181.html?utm_source=telegram&utm_medium=social

Meet Gita Gopinath’s successor Pierre-Olivier Gourinchas, the IMF's new chief economist. Gourinchas will begin his part-time charge from January 24 before assuming a full role from April 1.

Watch at https://www.youtube.com/watch?v=l5Pj10K6to0&ab_channel=moneycontrol

#IMF #Pierre #ChiefEconomist

Gita Gopinath, the first-ever woman chief economist of the #IMF, said she is thrilled to have #PierreOlivierGourinchas succeeding her.

To know more, read ⏬
https://www.moneycontrol.com/news/trends/what-gita-gopinath-said-on-successor-pierre-olivier-gourinchas-imf-new-chief-economist-7925181.html?utm_source=telegram&utm_medium=social

Indian-American economist Gita Gopinath shared her last video message as the chief economist of #IMF, in which she spoke about global challenges.

Find out more at 👇
https://www.moneycontrol.com/news/trends/gita-gopinath-after-stepping-down-as-imf-chief-economist-happy-to-hand-over-the-baton-7987511.html?utm_source=telegram&utm_medium=social

Extreme #poverty in India edged up by only a marginal 10 basis points in 2020 to 0.86%, thanks to the govt's free foodgrain programme, an #IMF working paper has said.

Read more details👇
https://www.moneycontrol.com/news/business/economy/imf-paper-says-indias-free-foodgrain-scheme-helped-cap-rise-in-extreme-poverty-to-0-86-in-2020-8324901.html?utm_source=telegram&utm_medium=social

Extreme #poverty in India edged up by only a marginal 10 basis points in 2020 to 0.86%, thanks to the govt's free foodgrain programme, an #IMF working paper has said.

Read more details👇
www.moneycontrol.com/news/business/economy/imf-paper-says-indias-free-foodgrain-scheme-helped-cap-rise-in-extreme-poverty-to-0-86-in-2020-8324901.html?utm_source=telegram&utm_medium=social

FM Nirmala Sitharaman has praised the #PMGKAY, after an #IMF working paper credited the free foodgrain programme for only a 10 basis points rise in extreme #poverty in 2020 to 0.86 % despite #COVID19.

Read more 👇
https://www.moneycontrol.com/news/business/economy/nirmala-sitharaman-hails-free-foodgrain-scheme-after-imf-paper-says-it-kept-a-lid-on-extreme-poverty-during-covid-8327801.html?utm_source=telegram&utm_medium=social

In his negotiations with the #IMF, #Pakistan PM #ShehbazSharif should look to roll back the perverse taxes on renewable power & replace fuel subsidies with direct support to low-income households instead.

https://www.moneycontrol.com/news/opinion/pakistans-political-crisis-has-been-an-energy-crisis-too-8372751.html?utm_source=telegram&utm_medium=social

Any deal with the #IMF will require a commitment to painful austerity measures, including tax hikes and spending cuts.

Read on:
https://www.moneycontrol.com/news/opinion/sri-lankas-economic-crisis-needs-a-political-fix-8377641.html?utm_source=telegram&utm_medium=social

Observing that #India represents about 7% of the total world economy in PPP terms, #IMF said that its growth is lifting the #economy and is very important for a well-functioning global economy.

Here's why IMF is praising the govt's economic policies 👇
https://www.moneycontrol.com/news/business/india-lifting-global-economy-why-imf-is-praising-modi-govts-economic-policies-8388021.html?utm_source=telegram&utm_medium=social

Here's why IMF is praising Modi govt's economic policies 👇
https://moneycontrol.com/news/business/india-lifting-global-economy-why-imf-is-praising-modi-govts-economic-policies-8388021.html

#IMF #Economy #India

#MCProOpinion: #IMF projections show that while investment demand in #India will pick up a bit, exports will falter, govt spending will remain high & consumption will continue to be the mainstay of the Indian #economy in the near future.

Read here
https://bit.ly/3encou6

#MCExplains | The #currentaccount balance is the difference between the value of exports of goods and services and the value of imports of goods and services, according to International Monetary Fund (#IMF).

Find out more 👇🏻

https://bit.ly/3GhrmNW

IMF's World Economic Outlook: Top 10 takeaways

#IMF #Budget2023WithMC