This web page presents information about the work of the IMF in India, including the activities of the IMF Resident Representative Office. Additional information can be found on the India and IMF country page, including IMF reports and Executive Board documents that deal with India.
At a Glance: India's Relations with the IMF
- Current IMF membership: 190 countries
- India Joined on December 27, 1945; Article VIII
- Total Quota: SDR 4,158.20 million
- Outstanding loans: None
- The last Article IV Executive Board Consultation was on January 25, 2017 (Country Report No. 17/54)
News and Highlights
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A Presentation by Changyong Rhee, Director of the IMF's Asia and Pacific Department, Prepared for a Webinar by National Stock Exchange of India
July 29, 2020
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South Asia: Navigating Slowdown Amid Uncertainty
South Asia Regional Update, October 2019
November 20, 2019
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Money, Transformed: The Future of Currency in A Digital World
Finance and Development Magazine, June 2018
May 30, 2018
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Finance and Development, March 2018
March 8, 2018
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South Asia: The Robust Outlook Continues
South Asia Regional Update, January 2018
January 19, 2018
India and the IMF
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Transcript on IMF-supported EFF program Press Briefing for Sri Lanka
March 21, 2023
Transcript on IMF-supported EFF program Press Briefing for Sri Lanka
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India Can Balance Curbing Emissions and Economic Growth
March 7, 2023
Further adoption of clean energy will accelerate the transition to net zero while saving lives, boosting fiscal revenues, and promoting energy security.
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Identifying Optimal Indicators and Lag Terms for Nowcasting Models
March 3, 2023
Author/Editor:Jing Xie
Series:Working Paper No. 2023/045 -
February 25, 2023
International Monetary Fund Managing Director Kristalina Georgieva made the following statement at the first meeting of the G20 Finance Ministers and Central Bank Governors in Bengaluru, India.
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January 31, 2023
WEO World Economic Projections Outlook
Scam Alert
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.
If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.
Additional general information on scam e-mails may be found at the following websites:
1) http://www.lookstoogoodtobetrue.com/
2) http://www.treas.gov/press/releases/js1130.htm