SriLankaCrisis Courtesy: Business Standard
9 May 2024

Sovereign default and economic crisis in Sri Lanka

In April 2022, Sri Lanka defaulted on its foreign debts kicking off its worst economic downturn in over 70 years. In a paper for the Institute of South Asian Studies, Ganeshan Wignaraja examines key policy, the benefits of IMF support, and the role that Indian aid has played in Sri Lanka’s recovery while emphasising potential risks of its upcoming presidential and parliamentary elections.

url Courtesy: akross
19 March 2019

Chinese economy up against twin bubble

China’s economy is in trouble, a situation that has been exacerbated by the trade war with the U.S. They can either reduce the debt burden and accept slower growth or boost the already high level of debt, which can end in a slump.

International Monetary Fund Manging Director Christine Lagarde (L), Jeremy Johnson(2ndL), Sara Horowitz;(3rd L), Deborah Greenfield (3rd R), Jim Clifton (2nd R) and James Manyika (R) participate in a Seminar "The New Economy Forum:Future of Work" at the IMF Headquarters during the IMF/World Bank Annual Meetings October 11, 2017. IMF Staff Photo/Stephen Jaffe Courtesy: IMF/ Flickr
12 October 2017

IMF, WB Annual Meetings 2017: growth outlook

The IMF/World Bank Annual Meetings, being held on October 12-15 will take place amidst news that the growth momentum of the global economy is being sustained, and the outlook looks better than it did during the Spring Meetings. How can a global consensus be developed to better address the growth fundamentals now that the global economy is strengthening?

29562902274_daf9fb5c4d_k Courtesy: IMF/ Flickr
18 April 2017

IMF spring meetings: projecting a pickup

The IMF spring meetings on April 21-23 will take place amidst good news of the global economy moving into a better position. But the underlying fundamentals are still weak both in advanced countries and emerging markets, with the risks considerable. Economic policy makers must recognise and address the challenges with global consensus and multilateral actions

IMF Courtesy: Flickr
21 April 2016

IMF: the new global central bank?

Anoop Singh, Distinguished Fellow, Geoeconomics Studies at Gateway House talks about the recent Global Financial Stability report of the IMF, and how it's warning hints at a growing need for a global central bank, which the IMF is perfectly placed to be.

Bank governors and finance ministers pose for a photograph before the start of the International Monetary and Financial Committee (IMFC) meeting during the 2015 IMF/World Bank Annual Meetings in Lima, Peru October 9, 2015. REUTERS/Stephen Jaffe/IMF/Handout via Reuters Courtesy: Reuters
3 March 2016

IMF reforms: still not enough

The IMF recently approved a set of quota and governance reforms, which doubled its permanent resources, and raised the representation of emerging markets in its governance structure. How important is this, and what are the implications for emerging markets and for India?

money-742052_960_720 Courtesy: pixabay
10 December 2015

SDR: Renminbi must reform further

The Chinese Renminbi is now the first in the developing world to find a place in IMF’s basket of reserve currencies. But the road to its inclusion becoming effective is still almost a year away. In this time, China will likely further integrate its currency with global markets

Lagarde 2 Courtesy: IMF
19 March 2015

IMF, RBI and interest rates

The IMF’s 2014 review has some good GDP news but its reservations on interest rates bears closer attention. It can take 32 months for the effects of a an interest rate cut to be felt. What does this mean for the Indian economy?

Japan Times Courtesy: The Japan Times
19 May 2014

ADB could use some ‘Abenomics’

The Japan Times, an English-language newspaper in Japan, has published an article written by Meera Kumar, a regular contributor to Gateway House. In this article, Meera analyses the need for reforms in the Asian Development Bank (ADB)