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IMF had lent $350 million to Myanmar as ‘unconditional emergency aid package’ days before the coup: Details

OpIndia Staff -
In the last seven months, the IMF has provided Myanmar with $700 million in emergency coronavirus financing, including last week’s payment
World

Trouble for Pakistan increases as UAE may demand repayment of USD 3 billion loan like Saudi Arabia: Reports

OpIndia Staff -
It must be mentioned that UAE had also announced $3 billion worth of deferred oil payments for Pakistan but soon cancelled it.
News Reports

Indian govt took ‘very decisive’ steps to deal with coronavirus, structural reforms working well: IMF chief

Shashank Bharadwaj -
Georgieva said the steps taken by the Modi government on the monetary policy and the fiscal policy side is commendable. It is actually slightly above the average for emerging markets, she added.
News Reports

IMF projects a contraction of 10.3% this year and a growth rate of 8.8% for the Indian economy in 2021

OpIndia Staff -
Noting the severe effects of lockdown on Indian economy, the World Bank said that India needed to continue with critical reforms to reverse the sudden effects of the pandemic.
OpIndia Explains

Joseph Stiglitz, the economist that Rahul Gandhi praised for attacking Modi, is known for his questionable policies and wrong predictions

OpIndia Staff -
Joseph Stiglitz had praised the economic policies of Venezuelan govt, said subprime crisis will not happen
News Reports

Pakistan borrows $1 Billion from its all-weather ally China to repay $1 Billion Saudi Arabia loan to avoid default on international debt obligations

OpIndia Staff -
China tightens its grip over Pakistan, gives $1 billion loan to repay Saudi Arabia's $1 billion loan, grants 90% of $6.8 billion railway project
News Reports

IMF chief Kristalina Georgieva says slowdown in Indian economy is temporary, expects better growth in 2020

OpIndia Staff -
IMF chief Kristalina Georgieva on Friday said at the WEF that economic slowdown in India appears to be temporary
News Reports

Pakistan uses belly dancers to attract investors at an investment summit in Azerbaijan

OpIndia Staff -
Cash-strapped Pakistan is experiencing one of its worst economic crisis in decades.
Economy and Finance

India is poised to uplift 2.5 crore households out of poverty by 2030, reports the World Economic Forum

OpIndia Staff -
According to a World Economic Forum report, share of households below poverty line will reduce from 15% today to 5% by 2030
Editor's picks

The gushing pro-Imran lobby wouldn’t ask for ‘proof and evidence’ now

Ashish Shukla -
The Immy (Imran)-loving elites in India are completely oblivious to the fact that China and Pakistan together are in a blood-pact to contain, if not destroy, India.
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