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      IMF

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      The International Monetary Fund (IMF) is a global financial organization established in 1944 to promote international monetary cooperation, stabilize exchange rates, and provide financial assistance to countries in need. With 190 member countries, the IMF plays a crucial role in shaping global economic policies, offering financial aid through loans, technical assistance, and surveillance of economic trends. It is headquartered in Washington, D.C., and is guided by member nations that contribute funds based on their economic size.

      India has been a member of the IMF since 1945, actively engaging with the institution on matters of economic policy, financial stability, and development projects. While India has not relied on IMF loans in recent years, it participates in policy discussions, receives technical support, and contributes to global economic research through the organization. India has focused on structural reforms, monetary policies, and financial regulations with the IMF's assistance, ensuring robust economic growth.

      In August 2019, BOOM fact-checked a viral claim suggesting that India’s debt from international financial institutions, like the World Bank, had been reduced to zero under Prime Minister Narendra Modi's leadership.

      BOOM found that the claim was false; India continues to maintain financial engagements with global institutions, including the World Bank and the IMF.

      How False Claims Of Indias GDP Touching $4 Trillion Went Viral
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      How False Claims Of India's GDP Touching $4 Trillion Went Viral  

      - By Nidhi Jacob   |   20 Nov 2023 6:06 PM IST

      Indias FY23 GDP Growth At 7.2%, Exceeds Expectation As World Gradually Slows
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      India's FY23 GDP Growth At 7.2%, Exceeds Expectation As World Gradually Slows  

      - By Mohammed Kudrati   |   31 May 2023 6:11 PM IST

      Viral Posts Falsely Claim India To Become Poorer Than Bangladesh By 2025
      Economy
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      Viral Posts Falsely Claim India To Become Poorer Than Bangladesh By 2025  

      - By Mohammed Kudrati   |   4 April 2023 5:47 PM IST

      Did NYT Report Saying 30 Countries Are Trading In Indian Rupee? A FactCheck
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      Did NYT Report Saying 30 Countries Are Trading In Indian Rupee? A FactCheck  

      - By Mohammed Kudrati   |   27 March 2023 12:31 PM IST

      Will US Dollars Printed Before 2021 To Be Scrapped? Viral Message Is False
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      Will US Dollars Printed Before 2021 To Be Scrapped? Viral Message Is False  

      - By Mohammed Kudrati   |   25 Nov 2022 6:27 PM IST

      Viral Graphic Comparing Indias GDP Size Across Years Is Misleading
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      Viral Graphic Comparing India's GDP Size Across Years Is Misleading  

      - By Mohammed Kudrati   |   15 Oct 2022 12:30 PM IST

      IMF Follows RBI
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      IMF Follows RBI, World Bank In Cutting India's Growth Forecasts For FY23  

      - By Mohammed Kudrati   |   12 Oct 2022 2:27 PM IST

      Raghuram Rajan Did Not Say India Should Be In Recession To Show Inclusivity
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      Raghuram Rajan Did Not Say India Should Be In Recession To Show Inclusivity  

      - By Mohammed Kudrati   |   6 Sept 2022 6:50 PM IST

      IMF Reaches $2.9 Billion Provisional Loan Agreement With Sri Lanka
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      IMF Reaches $2.9 Billion Provisional Loan Agreement With Sri Lanka  

      - By Mohammed Kudrati   |   1 Sept 2022 4:18 PM IST

      IMF: Latest Data Show Gloom Ahead For World Economy As Growth Projections Cut
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      IMF: Latest Data Show Gloom Ahead For World Economy As Growth Projections Cut  

      - By Mohammed Kudrati   |   26 July 2022 10:22 PM IST

      Is India No More Worlds 3rd Largest Economy? A FactCheck
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      Is India No More World's 3rd Largest Economy? A FactCheck  

      - By Mohammed Kudrati   |   12 July 2022 3:28 PM IST

      Sri Lanka To Suspend Payment On All External Debt: Finance Ministry
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      Sri Lanka To Suspend Payment On All External Debt: Finance Ministry  

      - By Mohammed Kudrati   |   12 April 2022 2:51 PM IST

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