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International Monetary Fund (IMF)

IMF slashes India’s 2022 growth forecast to 7.4%

Washington: The International Monetary Fund (IMF) on Tuesday slashed its annual growth projection for India by 0.8 percentage points to 7.4 per cent for 2022 and forecast "increasingly gloomy developments" for the global economy such as…

IMF chief urges halting of bank dividends, buybacks

Washington: International Monetary Fund (IMF) Managing Director Kristalina Georgieva has urged the halting of bank dividends and buybacks in light of the COVID-19 induced economic contraction, noting that such actions could help reinforce…