Photo: Wall Street Journal
IMF Chief Economist Gita Gopinath To Hold No.2 Post
International Monetary Fund's chief economist Gita Gopinath has been named to hold the position of IMF's second-ranking officials on December 2. She will be replacing First Deputy Managing Director Geoffrey Okamoto, who'll leave the global lender in early 2022. Notably, Gopinath was scheduled to leave the lender and return to Harvard but decided to stay. "She is the right person at the right time," said Kristalina Georgieva, … read-more
Tags: IMF, imf chief gita gopinath, Managing Director, World news, International Monetary Fund
Courtesy: Reuters
Photo: Business Today
World Bank Suspends All Financial Assistance To Afghanistan
World Bank momentarily suspended all financial assistance to Afghanistan on August 25. World Bank's spokesperson said that the organisation was "deeply concerned" about Afghanistan's condition and prospects for women. In a statement, it said that all expenditures in its Afghanistan activities have been halted, and were being continuously watched and analyzed. Financial help for Afghanistan has also been cut off by the International Monetary… read-more
Tags: World Bank, Afghanistan, International Monetary Fund, Kabul
Courtesy: Republic World
Photo: Reuters
International Community Must Recognize Taliban As New Government: Taliban
The Taliban after taking over Afghanistan has made an appeal to the international community that their government should now be recognized. "International community should respect the will of the Afghan people", Taliban spokesperson Sohail Shaheen said. Besides, Shaheen added that China “can play a big role in rebuilding, reconstruction of Afghanistan.” The Taliban has also called for the release of funds for the new government.
Tags: Taliban, International Monetary Fund, Fall of Afghanistan, World Leaders
Courtesy: India Today
Photo: FXStart
India's Demand Of Gold Is Likely To Recover In 2021, Says WGC Report
The World Gold Council (WGC) on January 27 revealed that the India's gold consumption is expected to recover in 2021. According to the WGC report, India's gold demand dropped down by 35% in 2020 to 446.4 tonnes. However, imports in December 2020 rose to 19% and investment demand rose 8% reflecting the positive impact of demand. India's economy shall grow by 11.5% in 2021, said the International Monetary Fund on January 26.
Tags: Indian Gold, Coronavirus, World Gold Council, investment demand, International Monetary Fund
Courtesy: Zee Business
Photo: Dailyhunt
International Monetary Fund Terms 'Atmanirbhar Bharat' an 'Important Initiative'
The International Monetary Fund (IMF) on September 24, stated ‘Atmanirbhar Bharat’ as an ‘important initiative’ to support Indian economy and prevent downside risks. Speaking about India's ‘Make for the World’ goal, Gerry Rice, director-communication department, IMF, said India has to focus on policies that “integrate India in the global value chain, including through trade, investment and technology.” He added that ‘comprehensive structural… read-more
Tags: Atmanirbhar, Atmanirbhar India initiative, make in india, International Monetary Fund
Courtesy: Hindustan Times
