After over 4 years in New Delhi, my tenure in India is coming to an end. Many thanks to the many friends and colleagues who have made this an incredible experience. Until we meet again!

Reflecting strong economic growth momentum, the IMF has revised projections for growth in FY23 to 6.7 percent, and to 6.5 percent in the following two years. India remains the fastest growing large economy and will contribute materially to global growth in this period. WEO…

The global economy is poised for a soft landing as inflation steadily declines and growth holds up, but the pace of expansion remains slow and the potential for turbulence remains. bit.ly/3Oi10ys

The global average cost of sending $200 from one country to another was about $12.50 in the first quarter of 2023, or 6.25%, according to the World Bank. Cheaper cross-border payment services would benefit people and economies worldwide. bit.ly/3Hk7HfC

Critical minerals such as copper, cobalt, lithium, and nickel–all used to make everything from EV batteries to solar panels to wind turbines–are highly vulnerable to trade restrictions and can affect the cost of the climate transition. Read more in F&D. bit.ly/47I5EO7

Can we consider:

2023 IMF report on Indian economy: India's fiscal deficit improved in FY23, but a strategic medium-term plan will help to rebuild buffers and sustainable debt reduction. Read more: tinyurl.com/5n7td24m'

IMF annual report on Indian economy: Monetary policy tightening, complemented by fiscal policy was effective in taming inflation, which in recent years followed a different pattern as in other countries, mostly due to food prices. Read More: tinyurl.com/5n7td24m

IMF report on Indian economy: government investment program can raise potential growth through capital accumulation. Robust services exports driven by GCCs also driving up potential growth estimates. DPI has significant potential to raise TFP.
Read more: tinyurl.com/5n7td24m

IMF's latest report on the Indian economy reveals a strong economic outlook with robust growth and resilience. Key highlights include a projected 6.3% GDP growth, moderated inflation, and external sector strength, notwithstanding global challenges.
tinyurl.com/5n7td24m

The IMF Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to about US$337 million to support its economic policies and reforms. Read the press release here: bit.ly/3t6FIN5

IMF Representative Shares Details On Crypto Asset Roadmap

Watch: youtu.be/sKDOpbb26xM | Karishma Asoodani Luis E. Breuer
#IMF #Cryptocurrency #CryptoRegulation #G20Summit2023 #CryptoTrade

Read the speech by Gita Gopinath on Europe in a more fragmented world, upon receiving the Bernhard Harms Prize from the Kiel Institute (IfW Kiel): bit.ly/3Rm6UAw

Critical minerals such as copper, cobalt, lithium, and nickel–all used to make everything from EV batteries to solar panels to wind turbines--are highly vulnerable to trade restrictions and can affect the cost of the climate transition. Read more in F&D. bit.ly/47I5EO7

At COP28, the IMF brings its expertise on economic and financial sector policies to help countries reach shared climate goals. Our goals: reducing emissions, increasing climate finance, and easing the transition to low-carbon economies.

Learn more at IMF.org/COP

New IMF research explores Asia's crucial role in the global fight against climate change. With new surveys, the study explores Asia’s aspirations and obstacles in the journey towards sustainable growth.
shorturl.at/sIYZ1

The latest issue of this IMF magazine is devoted AI and economics, with a number of interesting articles including by Nandan Nilekani and Tanuj Bhojwani on AI in India. A great read for those who want to keep up with this transformational technology.

If global debt continues to grow at its current rate of 1% a year, it will approach 100% of GDP by the end of the decade, says IMF’s Vitor Gaspar. Read the new #FiscalMonitor report here (bit.ly/3Q0oGsx) and watch the video below to learn more.

Climate risks affect macroeconomic and financial stability, but climate action creates opportunities for growth and jobs. That's why the IMF has adopted a climate strategy, as Kristalina Georgieva told the #IMFMeetings . #Climateaction

Watch the whole event: tinyurl.com/5ccuawz5

In the latest Global Policy Agenda, I highlighted 4 policy priorities
- Defeat inflation
- Safeguard financial stability
-Restore fiscal room
-Boost medium-term growth
In our more shock-prone world, international cooperation is vital for resilience.

Highlights of the launch of the @IMFnews flagships in Morocco: the WEO (on health of global economy) and GFSR (same for global financial system).