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Millions of Sri Lankans had voted for the opposition parliamentarian, putting faith in his graft-fighting pledge and vow to bolster a fragile economic recovery.
IMF, Pakistan agree on deal for Extended Fund Facility of $7 billion
India said it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry said it had held a seminar for G20 member states to discuss how to come up with a common framework.
Though the International Monetary Fund (IMF) has sounded of a global economic slowdown, we remain cautiously optimistic about the Indian economy and the GDP to maintain reasonable growth momentum. India could see growth between 6.5 and 7.1 per cent during FY2022–23 and 5.5–6.1 per cent in the following year.
Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024.
"Macroeconomic policies are responding to the significant headwinds, with fiscal policy measures supporting vulnerable groups and monetary policy addressing persistently high inflation," MF Deputy Managing Director Antoinette Sayeh said at an event in New Delhi.
Kristalina Georgieva, the chief of the International Monetary Fund (IMF) made these grim assertions on Sunday during a CBS news programme "Face the Nation."
Former president Gotabaya Rajapaksa is accused of implementing multiple failed policies including tax cuts.
Kwarteng said he had resigned at Truss's request after being forced to rush back to London overnight from IMF meetings in Washington.
It is reflecting a weaker-than-expected outturn in the second quarter and more subdued external demand.
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