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IMF Chief Seeks More Details On BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.
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IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
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Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
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IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
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China Rolls Over $2 Billion Loan To Cash-Strapped Pakistan
Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.
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India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding: Details
Speaking at the 17th India Digital Summit earlier this week, a panel of industry insiders said that the use of CBDC is not coming with incentives for Indians. They explained that as opposed to the existing UPI online payment method, the programmable CBDC will make online payments cheaper, faster, and protected with a layer of anonymity.
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RuPay Payments: Singapore, UAE Express Interest in Accepting Payments System, Finance Minister Nirmala Sitharaman Says
Union Finance Minister Nirmala Sitharaman revealed on Tuesday that countries like Singapore and the UAE were keen on accepting the RuPay payment mechanism that is currently in use in India. The minister stated that the government was in talks with different countries on accepting RuPay, at a fireside conversation with economist Eshwar Prasad at the...
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Growing Crypto Trade In Asia Needs Regulatory Frameworks: IMF
Digitalization of the payment system can aid in the transition to the environmentally-conscious method of payments and also foster financial inclusion but at the same time crypto assets can pose risks to financial stability, the International Monetary Fund said.
-
Pakistan To Ban Officials From Buying New Cars To Secure IMF Bailout
Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.
-
India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
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Russian Invasion May Plunge Ukraine Into Devastating Recession: IMF
he government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said Monday.
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India's Foreign-Owned Assets Rose By $37.3 Billion In September Quarter
According to India's international investment position, the liabilities stood at $1,258.9 billion during the July-September quarter
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Pakistan Rupee Slumps To Record Low Against US Dollar: Report
Analysts believe the demand for the foreign currency stood higher than supply amid an increase in import payments, rising global commodity prices and uncertainty about the resumption of the IMF loan programme
-
Cryptocurrency Adoption in Emerging Markets Can Threaten Financial Stability, Says IMF
Cryptocurrencies being rapidly adopted in emerging markets threatens financial stability, IMF has said, adding that unsound macroeconomic policies and inefficient payment systems were among the drivers.
-
Innovative India Must Capture All Segments Of Financial Market To Fuel Growth: IMF
India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a pu
-
IMF Chief Seeks More Details On BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday.
-
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
-
Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
-
IMF-FSB, Regulators Set Out Roadmap to Coordinate Global Cooperation on Crypto Asset Regulation
The International Monetary Fund (IMF) and global financial regulators are seeking to increase international cooperation and information sharing by IMF and G20 group members on regulating crypto assets. The global financial agency also states that benefits of crypto assets like cheaper and faster cross-border payments, and increased financial inclus...
-
China Rolls Over $2 Billion Loan To Cash-Strapped Pakistan
Pakistan's finance minister, Ishaq Dar, said on Friday that China had rolled over a $2 billion loan that matured last week, providing relief during the South Asian nation's acute balance of payment crisis.
-
India Has No Plans to Incentivise CBDC Users Despite Tedious Onboarding: Details
Speaking at the 17th India Digital Summit earlier this week, a panel of industry insiders said that the use of CBDC is not coming with incentives for Indians. They explained that as opposed to the existing UPI online payment method, the programmable CBDC will make online payments cheaper, faster, and protected with a layer of anonymity.
-
RuPay Payments: Singapore, UAE Express Interest in Accepting Payments System, Finance Minister Nirmala Sitharaman Says
Union Finance Minister Nirmala Sitharaman revealed on Tuesday that countries like Singapore and the UAE were keen on accepting the RuPay payment mechanism that is currently in use in India. The minister stated that the government was in talks with different countries on accepting RuPay, at a fireside conversation with economist Eshwar Prasad at the...
-
Growing Crypto Trade In Asia Needs Regulatory Frameworks: IMF
Digitalization of the payment system can aid in the transition to the environmentally-conscious method of payments and also foster financial inclusion but at the same time crypto assets can pose risks to financial stability, the International Monetary Fund said.
-
Pakistan To Ban Officials From Buying New Cars To Secure IMF Bailout
Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit.
-
India to Bring Laws on Crypto Taxations, RBI Deputy Raises CBDC-Related Concerns Before IMF
As India awaits its crypto laws, it is also gearing up for a revamp in the taxation laws around virtual digital assets (VDAs). The development also comes at a time when the RBI deputy governor T Rabi Sankar told IMF officials that stablecoins are not exactly safe to be used as payment options.
-
Russian Invasion May Plunge Ukraine Into Devastating Recession: IMF
he government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said Monday.
-
India's Foreign-Owned Assets Rose By $37.3 Billion In September Quarter
According to India's international investment position, the liabilities stood at $1,258.9 billion during the July-September quarter
-
Pakistan Rupee Slumps To Record Low Against US Dollar: Report
Analysts believe the demand for the foreign currency stood higher than supply amid an increase in import payments, rising global commodity prices and uncertainty about the resumption of the IMF loan programme
-
Cryptocurrency Adoption in Emerging Markets Can Threaten Financial Stability, Says IMF
Cryptocurrencies being rapidly adopted in emerging markets threatens financial stability, IMF has said, adding that unsound macroeconomic policies and inefficient payment systems were among the drivers.
-
Innovative India Must Capture All Segments Of Financial Market To Fuel Growth: IMF
India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a pu
