World Economy Economic Organizations

  • LONDON, April 14- The Bank of England issued its clearest warning yet that a British exit from the European Union would probably hurt the economy and cause sterling to slide, angering pro-Brexit campaigners. The warning comes two days after the International Monetary Fund said the world economy would suffer if Britain voted in its referendum on June 23 to leave...

  • WASHINGTON, April 14- International Monetary Fund Managing Director Christine Lagarde said on Thursday the Fund would do more in 2016 to help its members meet economic growth objectives, including devoting more resources to protect vulnerable countries. In a policy agenda document released during the IMF and World Bank spring meetings in Washington,...

  • LONDON, April 14- The Bank of England warned that a British exit from the European Union would create extended uncertainty and likely hurt the economy in the short run, minutes from their latest policy meeting showed on Thursday. This was the strongest warning yet from the body that sets British interest rates and comes two days after the International Monetary...

  • WASHINGTON, April 13- Negative interest rates are a "net positive" for economies where they are deployed, but there are limits to how low they can go, the International Monetary Fund's monetary and capital markets chief said on Wednesday. Jose Vinals told a news conference that banks may see some short-term reductions in profitability, but will benefit from...

  • WASHINGTON, April 13- World financial markets have calmed after turmoil earlier this year, but more needs to be done to ensure global financial stability amid slowing growth, weak commodity prices and worries about China's economy, the International Monetary Fund warned on Wednesday. Worries about China's growth slowdown and transition to a more...

  • MOSCOW, April 13- The International Monetary Fund issued new forecast for gross domestic product and consumer price index late on Tuesday for Russia and the Commonwealth of Independent States. Below are the Fund's estimates:. GDP CPI 2016 2017 2016 2017 CIS -1.1 1.3 9.4 7.4 Russia -1.8 0.8 8.4 6.5 Armenia 1.9 2.5 2.6 4.0 Azerbaijan -3.0 1.0 12.8 9.5 Belarus -2.7...

  • WASHINGTON, April 12- The Bank of Japan still has tools left to expand monetary stimulus further but must bear in mind that there are limits to how much it can deepen negative interest rates, a senior International Monetary Fund official said on Tuesday. Mitsuhiro Furusawa, the IMF's deputy managing director, also said he does not see recent yen rises as deviating...

  • TREASURY OFFICIAL SAYS WILL EMPHASIZE AT IMF, G20 MEETINGS THIS WEEK THAT MEMBERS SHOULD AVOID TARGETING EXCHANGE RATES FOR COMPETITIVE ADVANTAGE.

  • WASHINGTON, April 12- The International Monetary Fund warned on Tuesday of the risk of political isolationism, notably Britain's possible exit from the European Union, and growing economic inequality as it cut its global growth forecast for the fourth time in a year. In the run-up to its spring meetings in Washington this week, the IMF said chronic weakness had...

  • IMF SEES GREEK PRIMARY SURPLUSES OF 0.25 PCT/ GDP IN 2017 AND 1.5 PCT IN 2018- DRAFT MEMORANDUM.

  • IMF DRAFT MEMORANDUM SAYS GREEK FISCAL TARGETS TO BE PHASED IN, SEES PRIMARY DEFICIT OF 0.5 PCT OF GDP THIS YEAR.

  • LONDON, April 12- Britain could deal a damaging blow to the fragile global economy if it votes to leave the European Union, the International Monetary Fund said in the sharpest warning yet from a global body about the risks associated with Brexit. The IMF listed Britain's June 23 referendum on EU membership as a key risk, along with instability in China and other...

  • Global benchmark Brent crude futures rose nearly 2 percent to a high of $43.64 in early trading on hopes that next week's meeting of oil producers in Doha, Qatar, will agree on steps to tackle a supply glut. Bonds prices pared gains slightly after the International Monetary Fund cut its forecast for U.S. and global growth in its latest release, warning of growing...

  • SYDNEY, April 12- China's slowdown might not be quite as severe as first feared but its "momentous" shift from investment-led growth is still having a chilling effect on trade globally, the International Monetary Fund said on Tuesday. The Washington- based organisation cited recent policy stimulus from Beijing as it nudged up forecasts for China's growth, even...

  • BRASILIA, April 12- A prolonged recession in Brazil fanned by political turmoil will drag on economic growth for the next two years in Latin America, a region already reeling from falling commodity prices, the International Monetary Fund said on Tuesday. The worsening political crisis that could oust leftist President Dilma Rousseff in the coming weeks has...

  • SYDNEY, April 12- Japan should adopt a target for wages growth, lift pay in the public sector and raise the minimum wage as part of efforts to boost incomes and spending in the economy, the International Monetary Fund said on Tuesday. The call came as the Fund slashed its growth forecasts for the world's third largest economy and urged leaders attending IMF and...

  • *Greece and lenders pause crucial bailout review talks. ATHENS, April 12- Greece and its international lenders adjourned bailout review talks on Tuesday, potentially delaying a crucial cash handout to the debt-stricken nation, and will resume them immediately after this week's IMF spring meetings. A positive review will unlock up to 5 billion euros in bailout...

  • Lenders, who had been in Athens for just over a week, will return next Monday after the IMF spring meeting in Washington with a view to concluding an agreement by April 22, when euro zone finance ministers are scheduled to meet, Finance Minister Euclid Tsakalotos told reporters. Greece's review of progress, under a bailout deal reached in July, has dragged on for...

  • BRUSSELS, April 11- The International Monetary Fund's participation in Greece's bailout review is crucial and differences with the euro zone over Greece's budget needs are not an obstacle to unlocking more funds, the EU's two economics commissioners said on Monday. "We broadly share the programme objectives and the measures needed to reach the objectives,"...

  • PARIS, April 11- France will seek tougher EU sanctions on people who help to facilitate tax evasion and a G20 blacklist of uncooperative tax havens, the Finance Ministry said on Monday following the Panama Papers leaks. Since signing up in principle last year, Panama has rowed back, saying it could not meet all the reporting standards required for automatic...