Per Capita GDP for Bangladesh Higher Than India Till 2022: IMF
Bangladesh will continue to have a higher gross domestic product (GDP) per capita than India through 2022, according to the latest figures from the International...
Tag : International Monetary Fund (IMF)
Sri Lanka Receives $3 Billion Bailout from IMF
On March 21, the International Monetary Fund (IMF) sanctioned a $3 billion bailout for crisis-stricken Sri Lanka under the programme to “reestablish macroeconomic stability and...
Forex Reserves at 3-Month Low, High Volatility Predicted
The Reserve Bank of India (RBI) has reported that India’s foreign exchange reserves have fallen by $2.4 billion to $560 billion in the week ending...
US Market Rebounds as Bank Stocks Recover from Silicon Valley Bank Collapse
According to the International Monetary Fund (IMF), Silicon Valley Bank’s collapse is not causing a global shock. The US Federal Reserve may opt for a...
China Backs Sri Lanka Debt Restructuring, Paving Way for $2.9 Billion IMF Lifeline
China has assured that it will upkeep Sri Lanka’s debt rearranging, clearing the largest hurdle for the South Asian nation to protect a $2.9 billion...
India’s Foreign Exchange Reserves Fall by $571 Million to $563.5 Billion
Total foreign exchange reserves in India fell by $571 million to $563.499 billion in the week ended December 16 after five straight weeks of gains,...
Sri Lanka to Get New President Next Week
On July 20, Sri Lanka‘s Parliament will elect a new president; a spokesman said on Monday after protesters stormed the residences of the current President...
US Announces Additional $5.75 Million to Tackle Sri Lanka’s Economic Crisis
On Tuesday, the US announced more than $5 million in additional funding to cash-strapped Sri Lanka to address the island nation’s worst-hit emergency needs. The...
Government To Release 2021-22 GDP Figures Wednesday
The government will release Gross Domestic Product (GDP) growth figures for the full financial year for the 2021-22 quarter and tomorrow, 31 May 2022. Amid...
IMF Projects India’s General Fiscal Deficit at 9.9% for FY23
India’s general government fiscal deficit (states and Centre combined) has been projected at 9.9 per cent of GDP for FY23 as rising energy and food...