Page 2 - Imf Md News Today

Finance Minister AHM Mustafa Kamal has sent in a formal request to the IMF for a $4.5 billion loan, putting to bed the speculations on whether the country would be seeking the support from the Washington-based multilateral lender at all.

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The IMF, early this week, projected a fairly robust growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China's 4.4 per cent.

"All in all, I read the (budget) statement and I thought it was a very thoughtful policy agenda for India, the senior official said in response to a question," said Kristalina Georgieva, Managing Director, International Monetary Fund.

The board will issue a statement of support for Georgieva after a thorough review of allegations.

WilmerHales investigation report prepared for the World Bank board alleged that when Georgieva was World Bank CEO in 2017, she applied undue pressure on bank staff to make data changes to the Doing Business report to boost Chinas business-climate ranking

Kristalina Georgieva, MD, International Monetary Fund (IMF) will appear in person before the board on Tuesday, the day she is to deliver a virtual speech about the IMF and World Bank annual meetings October 11-17