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World Economy Economic Organizations

  • WASHINGTON, Feb 23- The International Monetary Fund will only consider a financial contribution to the bailout program for Greece after there has been full discussion on economic reforms and debt restructuring, IMF spokesman Gerry Rice said on Thursday.

  • GENEVA, Feb 22- A global agreement to boost trade by cutting red tape and streamlining border checks came into force on Wednesday, promising a 0.5 percent lift to the world economy by 2030 even as it faces renewed protectionism from the United States. World Trade Organization Director General Roberto Azevedo hailed the start of the pact, which he said was the "...

  • As President Donald Trump pursues an "America First" agenda aimed at reversing chronic trade deficits with China, Mexico, Germany and other major trading partners, some are concerned his administration could back away from pledges to maintain an open global trading system. "I believe the Trump administration will try to leverage the IMF and the G20 to help...

  • In a phone call with Lagarde, the spokesperson said, Mnuchin also "noted the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances." The conversation comes as officials from the Group of 20 major...

  • President Donald Trump- who says free trade treaties have cost countless thousands of American jobs- wants NAFTA to be renegotiated with a focus on cutting his country's large trade deficit with Mexico. Trump has revealed little about his intentions for NAFTA, which came into force in 1994, except that he wants to tweak the U.S. trading relationship with Canada...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • BRUSSELS, Feb 20- Euro zone finance ministers will discuss on Monday what reforms Greece must make to release new loans from the bloc's governments and get the International Monetary Fund to join the bailout. But Belgian Finance Minister Johan Van Overtveldt said on entering the meeting that a deal with Greece should not be rushed because of the European...

  • *Greece says cannot introduce more austerity. ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it wouldn't ask "a euro more" from its austerity-wracked citizens. Inconclusive talks between Greece and its international...

  • *Greece says cannot introduce more austerity. ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it wouldn't ask "a euro more" from its austerity-wracked citizens. Inconclusive talks between Greece and its international...

  • ATHENS/ VIENNA, Feb 16- European Union officials urged Greece and its lenders on Thursday to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery. Inconclusive talks between Greece and its international creditors on economic reforms and debt...

  • TBILISI, Feb 15- The International Monetary Fund starts a two-week mission to Georgia on Wednesday to discuss the possibility of a new IMF-backed program that could underpin economic reform and encourage investors. "The IMF mission will discuss the government's reform agenda and Georgia's macroeconomic prospects and challenges," Francois Painchaud, the...

  • TBILISI, Feb 15- The International Monetary Fund starts a two-week mission to Georgia on Wednesday to discuss the possibility of a new IMF-backed programme that could underpin economic reform and encourage investors. "The IMF mission will discuss the government's reform agenda and Georgia's macroeconomic prospects and challenges," Francois Painchaud, the...

  • ACCRA, Feb 15- Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. With Ghana more than half way through a three-year International Monetary Fund programme, the new government must reveal in its first budget...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday backed Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic growth for...

  • Forty-four percent of those surveyed said NAFTA had benefited Canada, up from 25 percent from a poll last June. The percentage who wanted to see a renegotiation of the agreement, which removed trade barriers between Canada, the United States and Mexico, fell to 24 percent from 34 percent. Trump's plan to reopen NAFTA has cast uncertainty over the economic future...

  • BRUSSELS, Feb 13- Euro zone's economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion by 2018, the European Commission said on Monday, warning of higher political risks. The EU executive forecast that growth in the 19 countries sharing the euro would slow to 1.6 percent this year...