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India & China to account for half of global economic growth in 2023, says IMF chief

India & China to account for half of global economic growth in 2023, says IMF chief

by AIP Online Bureau | Apr 7, 2023 | Eco/Invest/Demography, International News, Pandemic, Policy

The period of slower global economic activity will be prolonged, with the next five years witnessing less than 3 per cent growth, “our lowest medium-term growth forecast since 1990, and well below the average of 3.8 per cent from the past two decades,” IMF...

India asks IMF, FSB to prepare technical paper on regulating crypto

by AIP Online Bureau | Feb 26, 2023 | Eco/Invest/Demography, Indian News, Regulation, Technology, Wealth Management/ Philanthropy

Despite the rapid evolution of the crypto universe, there is no comprehensive global policy framework for crypto assets. Given the concerns over greater interconnectedness between crypto assets and the traditional financial sector as well as the complexity and...
India & China to account for half of global economic growth in 2023, says IMF chief

IMF flags debt restructuring hurdles, says banning crypto should be an option

by AIP Online Bureau | Feb 25, 2023 | Eco/Invest/Demography, International News, Regulation, Technology

“We have to differentiate between central bank digital currencies that are backed by the state and stable coins, and crypto assets that are privately issued,” Georgieva said. “There has to be very strong push for regulation… if regulation fails, if...
India & China to account for half of global economic growth in 2023, says IMF chief

India remains ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

by AIP Online Bureau | Feb 22, 2023 | Eco/Invest/Demography, Indian News, Policy

Kristalina Georgieva,managing director,International Monetary Fund ”India’s performance has been quite impressive. For this year, we expect India to retain a high growth rate, 6.8 per cent for the year that ends in March. For FY 2023/24 (April 2023 to...
Financial inclusion appears to be positively correlated with per capita income growth: IMF

Financial inclusion appears to be positively correlated with per capita income growth: IMF

by AIP Online Bureau | Jan 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

IMF said, “For example, the launch of the Pradhan Mantri Jan Dhan Yojana programme in India in 2014, one of the world’s largest financial inclusion initiatives to date, is one prominent example of India’s national-level commitment to advancing...
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