Browsing: IMF

India played a crucial role in the International Monetary Fund’s (IMF) approval of a 48-month Extended Fund Facility (EFF) for Sri Lanka.

On March 3, Pakistan declared that it had been successful in obtaining an additional $1.3 billion loan from China

The International Monetary Fund announced on Tuesday that Sri Lanka had obtained funding guarantees from all significant bilateral creditors.

IMF chief Kristalina Georgieva has described India as a bright spot during times of elevated uncertainty, projected to contribute 15% to the global growth in 2023.

INDIA IS EXPECTED TO HAVE THE HIGHEST GROWTH IN THE ECONOMY, PROJECTS THE IMF

Jaishankar’s declaration in Colombo is essential as the island nation attempts to restore its damaged economy.

Everyone including significant multilateral organizations acknowledges the Modi administration’s expert economic management.

When India had its midnight encounter with fate years ago, it was one of the nations with the lowest per capita incomes in the world.