The International Monetary Fund (IMF) has forecasted a 6.3% growth for India’s economy in the current fiscal year and the following one, citing support from macroeconomic and financial stability. According to the IMF’s Article IV consultation report, India’s growth will be Continue Reading
The bailout deal that was offered by the euro zone leaders to Greece has been attacked by the International Monetary Fund. The creditors have reported that Greece needs relief from its debt crisis as it has been highly affected by the debt. The IMF has suggested that a move must be initiated to resist the debt crisis. It […]Continue Reading
Now Greece has become the first developed country which has made a default in the payment of its debt to the International Monetary Fund, after missing a 1.5 billion euro payment.Fund spokesman Gerry Rice said yesterday “I confirm that the SDR 1.2 billion repayment due by Greece to the IMF today has not been received” […]Continue Reading