World Economy Economic Organizations

More

  • 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...

  • WASHINGTON, April 11- The World Bank said on Monday it expects its nonmarket rate lending to top $43 billion in the current fiscal year as developing countries face economic headwinds, bringing its total for the past four years to more than $150 billion. "We are in a global economy where growth is expected to remain weak, so it is critically important that the World...

  • "We must work with our partners to further modernize the IMF, allowing it to intensify scrutiny of critical issues like exchange rates, current account imbalances, and shortfalls in global aggregate demand," Lew said in a speech before the Council on Foreign Relations in Washington. The IMF is expected to cut its global growth forecasts this week when government...

  • SINGAPORE, April 11- The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices. Latest GDP growth projections, percent:. East Asia and 5.7 5.7 5.7.

  • SINGAPORE, April 11- The World Bank trimmed its 2016 and 2017 economic growth forecasts for developing East Asia and Pacific, and said the outlook was clouded by risks such as uncertainty over China's growth prospects, financial market volatility and further falls in commodity prices. The Washington- based lender now expects the developing East Asia and...

  • Nigeria, Africa's biggest economy, is facing its worst crisis in decades as the falling price of oil has slashed revenues, prompting the central bank to peg the currency and introduce curbs to protect foreign exchange reserves, which have fallen to 11- year lows. The International Monetary Fund has called on Nigeria to lift the curbs and let the naira currency...

  • BRUSSELS/ ATHENS, April 8- The EU and IMF met in Brussels on Friday to agree on how to coax Greece into more economic reforms linked to its bailout and unlock more funds, with one EU official saying they hoped for a deal by Sunday. Mission chiefs of Greece's European Union and International Monetary Fund lenders left Athens for consultations in Brussels, adjourning...

  • BRUSSELS, April 8- Mission chiefs of Greece's European Union and International Monetary Fund lenders held talks in Brussels on Friday on the country's key bailout review, a European Commission spokeswoman said, stressing that they were long-scheduled. "They will return within the day," Commission spokeswoman Annika Breidthardt said, adding that euro zone...

  • BERLIN, April 8- German exports bounced back in February, rising at the strongest rate in five months and beating expectations as demand from the country's European partners jumped. Imports edged up 0.4 percent, widening Germany's trade surplus to 19.8 billion euros. A breakdown of unadjusted data showed demand from European Union countries rose 5.5 percent...

  • WASHINGTON, April 5- The International Monetary Fund offered a solution to persistently sluggish economic growth on Wednesday that included proposals to deregulate product markets and adopt policies to boost labor market participation. It recommended deregulation of the retail and professional services sectors and network-based sectors such as air,...

  • MOSCOW, April 6- Russian poverty rates will return to 2007 levels this year as the economy continues to contract and inflation reduces people's purchasing power, the World Bank said on Wednesday. The number of poor people in Russia will rise to more than 20 million out of a population of over 140 million, the World Bank said, the largest increase in poverty since the...

  • MOSCOW, April 6- Russia's economy will contract by 1.9 percent in 2016 followed by growth of 1.1 percent next year, the World Bank said on Wednesday, cutting its forecasts to factor in a weaker global oil price. The World Bank said in its latest Russia economic report the projected increase in poverty in Russia in 2016 would be the largest since the 1998-99 crisis,...

  • April 5- Wall Street was lower on Tuesday as investors fretted over renewed uncertainties about the Federal Reserve's plan to raise interest rates this year. International Monetary Fund Managing Director Christine Lagarde warned on Tuesday of increasing risks to global economic growth, unless there were stronger measures by policymakers.

  • April 5- Wall Street was lower on Tuesday, led by a slide in financial stocks, as the outlook for interest rates remained cloudy and oil hovered near one-month lows. International Monetary Fund Managing Director Christine Lagarde warning on Tuesday of increasing risks to global economic growth, unless there were stronger measures by policymakers, added to the...

  • *Says IMF negotiating with Greece "in good faith". Christine Lagarde said China's shift to an economic model based more on domestic demand, stubbornly low commodity prices and tighter funding conditions in some countries had all clouded the outlook. There has been a loss of growth momentum, "the International Monetary Fund's managing director said in a speech at...

  • FRANKFURT, April 5- International Monetary Fund Managing Director Christine Lagarde on Tuesday turned up the volume on her calls for stronger action by the world's economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Frankfurt's Goethe University, Lagarde prescribed specific moves, including for...