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  • YAOUNDE, Jan 8- Tighter public spending, economic diversification and greater regional trade are needed to spur growth in central Africa that has been hampered by plunging oil prices and security threats, the head of the International Monetary Fund said on Friday. Speaking in Cameroon during a regional tour, IMF managing director Christine Lagarde said...

  • U.S. lawmakers, meanwhile, were uncharacteristically silent about a further deterioration in the value of China's currency, after the yuan fell for an eighth day on investor fears about China's economy. China last year gave markets a greater role in determining the yuan's value, a shift welcomed by the International Monetary Fund and others that have urged the...

  • World Bank cuts global economic growth outlook Wednesday, 6 Jan 2016 | 4:57 PM ET

    Jan 6- The World Bank on Wednesday cut its global economic growth forecast for 2016, saying the weak performance of major emerging market economies will tamp activity overall, as will anemic showings from developed countries such as the United States. "Given the size and global economic integration of the largest emerging markets- Brazil, the Russian...

  • Global growth will be disappointing in 2016: Lagarde Wednesday, 30 Dec 2015 | 4:16 AM ET
    IMF Managing Director, Christine Lagarde, speaks during a press conference after meeting ministers and officials from the Gulf Cooperation Council (GCC) on November 8, 2015.

    Global economic growth will be "disappointing" next year, the head of the IMF said in a guest article for German newspaper Handelsblatt.

  • BERLIN, Dec 30- Global economic growth will be "disappointing" next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to...

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • RIYADH/ DUBAI, Dec 28- Saudi Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts, reforms to energy subsidies and a drive to raise revenues from taxes and privatisation. The International Monetary Fund warned in October that Riyadh would run out of money within five years if it did not tighten its...

  • Ukraine parliament approves 2016 state budget Thursday, 24 Dec 2015 | 9:12 PM ET

    KIEV, Dec 25- Ukraine's parliament approved a budget for 2016 on Friday, a key condition to secure the next tranche of financial aid under a $17.5 billion International Monetary Fund loan package. Lawmakers had approved a series of laws before the budget vote, including an amendment to tax laws, reducing the tax on employers and unifying the tax rate on personal...

  • BRUSSELS, Dec 21- The European Union on Monday extended its economic sanctions against Russia over the conflict in Ukraine until the end of next July, drawing a swift rebuke from the Russian economy minister. The EU has linked the lifting of the sanctions to full implementation of a peace deal in east Ukraine, where more than 9,000 people have been killed in...

  • UPDATE 1-U.S. Senate passes IMF reform in budget bill Saturday, 19 Dec 2015 | 12:58 AM ET

    WASHINGTON, Dec 18- The U.S. Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout at the international lender. A sprawling budget deal to keep the U.S. government operating...

  • U.S. Senate passes IMF reform in budget bill Friday, 18 Dec 2015 | 12:23 PM ET

    WASHINGTON, Dec 18- The U.S. Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout at the international lender. A sprawling budget deal to keep the U.S. government operating...

  • KIEV, Dec 18- The International Monetary Fund said on Friday it was concerned by signs Ukraine's parliament might reject a proposed tax code and budget for 2016, warning that this could further disrupt its $17.5 billion bailout programme. Vice President Joe Biden last week, who in a speech to parliament urged lawmakers to put aside political differences and...

  • *Entry would integrate Iran more fully in global economy. GENEVA, Dec 17- Iran is prepared to negotiate its way into the World Trade Organization, Industry Minister Mohammad Reza Nematzadeh said on Thursday, building on the momentum of a landmark nuclear deal as Tehran restores international economic links after years of sanctions. The breakthrough, after more...

  • BRUSSELS, Dec 15- A plan to set up a euro zone insurance for bank deposits is the key priority of the European Union to boost the bloc's economy, top EU officials said on Tuesday, pushing for a deal that has been fiercely opposed by Germany. A common bank supervisor and a bank resolution fund have already been established but the third pillar of the project, the...

  • ATHENS, Dec 11- Greece and its international lenders have agreed on a set of reforms needed for Athens to receive 1 billion euros in fresh loans under its bailout, Greek Finance Minister Euclid Tsakalotos told reporters on Friday. The reforms relate to the structure of a new privatization fund whose revenues will be used to boost investment and pay down the...

  • LONDON, Dec 11- Uncertainty about the outcome of Britain's referendum on leaving the European Union could hurt its economy, the International Monetary Fund said on Friday, though it also praised the way the country has bounced back from the global financial crisis. In a contrast to tension in recent years between Fund staff and finance minister George Osborne...

  • IMF warns UK growth could suffer due to EU vote Friday, 11 Dec 2015 | 6:30 AM ET

    LONDON, Dec 11- Uncertainty about the outcome of Britain's referendum on leaving the European Union could cloud an otherwise positive outlook for the country's economic growth, the International Monetary Fund on Friday. Prime Minister David Cameron has said he will hold a referendum on Britain's EU membership by the end of 2017, after attempting to...

  • U.N. cuts 2015 global economic growth forecast to 2.4 pct Thursday, 10 Dec 2015 | 11:34 AM ET

    UNITED NATIONS, Dec 10- The United Nations on Thursday said it cut its forecast for global economic growth in 2015 by 0.4 percentage point to 2.4 percent, largely due to lower commodity prices, increased market volatility and slow growth in emerging market economies. The International Monetary Fund, also in the U.N. family, said in October that it had cut its global...

  • *Oil glut remains as OPEC keeps pumping crude. LONDON, Dec 8- Crude prices steadied not far from seven-year lows on Tuesday as China reported strong commodity imports despite economic weakness, though global oversupply compounded by OPEC's decision to keep output high led analysts to predict further weakness. "But OPEC has lost control of the oil market and...

  • DUBLIN, Dec 8- A British withdrawal from the European Union would hurt Irish exports, economic growth and jobs, while the country's financial sector could be significantly impacted, the Central Bank of Ireland said on Tuesday. Dublin sees the prospect of Britain voting to leave the EU at a promised referendum as a major strategic risk and last month a...