The statement by IMF Director of Asia and Pacific Department, Krishna Srinivasan referred to India’s sustained economic momentum after the onset of Covid-19 pandemic. The silver lining in the Indian economic front has come at a time when there is a slowing across many parts of the world eve...
ECONOMYNEXT – Ahead of a two-day official visit by India’s external affairs minister S Jaishankar, the Indian government has informed the International Monetary Fund (IMF) that it strongly supports Sri Lanka’s debt restructuring efforts in the latter’s bid to secure a 2.9 billion dollar...
COLOMBO, Sri Lanka (AP) — Sri Lanka’s president said Tuesday that China has given crucial debt restructuring assurances that mean the bankrupt Indian Ocean nation could get its $2.9 billion bailout package approved soon. President Ranil Wickremesinghe told Parliament that a letter from China’...
“The meeting, held at the Presidential Secretariat, featured cordial discussions between the IMF delegation and the economic team of the new government,” a government statement said. “Both parties reviewed the IMF programme thus far and outlined the way forward for future collaboration. “The IMF...
The Indian government had earlier employed blockchain technology for the secure storage and retrieval of educational certificates for the Central Board of Secondary Education (CBSE) in Karnataka. This initiative known as the “Certificate Chain,” aims to provide a tamper-proof and transparent method ...
According to the statement, Selassie praised Magufuli for implementing grand electricity projects aimed at reducing power tariffs. Philip Mpango, the Minister for Finance and Planning, assured Tanzanians that his ministry was well prepared in giving clarifications on the state of the economy report. ...
the lack of progress on a quota increase under the 15th Review and call on the Executive Board to complete its work on the 15th Review and on a package of IMF resources and governance reforms, and to report to the Board of Governors as soon as possible," the IMFC said in a statement....
In a clear statement of their new force in the world economy, rising economic powers brought some US$95.5 billion in new money to the table for the IMF during the G20 summit in Mexico, pushing it beyond its US$430 billion target. ...
Nebenzya urged that “everything the Ukrainians say about international support for the so-called ‘Zelensky Plan’ should be checked against the facts,” including “the recent section of the G20 statement on the Ukrainian crisis.”“Everything else is ‘from the evil one’,” he concluded....
overwhelmingly cash economy and virtually every Indian has currency stashed away in their home. The government can’t tax transactions using black money. By making the1,000 and 500 rupee notes valueless, government officials hope to force the black money into the economy so they can get their ...