World Economy Economic Organizations

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  • Speakers: International Monetary Fund Managing Director Christine Lagarde, Bank of Finland Governor Erkki Liikanen, Sveriges Riksbank Governor Stefan Ingves, Bank of Finland Governor Erkki Liikanen and Norges Bank Governor Oystein Olsen. OSLO- European Central Bank board member Peter Praet speaks at the panel discussion on "Lessons from the financial...

  • MINSK, June 15- Belarus has fulfilled the basic criteria to qualify for new loans from the International Monetary Fund and expects it to start lending again after a six-year gap, a Belarussian Finance Ministry official told Reuters on Wednesday. The former Soviet republic has asked for $3 billion from the Fund to help refinance $3.3 billion in foreign loans...

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. But Venezuela's blistering economic crisis is hitting them full on. Output in the country, which has the world's largest oil reserves, dropped to 2.37 million barrels per day in May,...

  • CARACAS, June 14- Hungry Venezuelans are rioting and looting amid worsening food shortages, but the OPEC country's remote oil fields have been sheltered from the social unrest so far. Venezuela's blistering economic crisis, however, is hitting them full on. Amid a cash crunch, Venezuela's oil fields are suffering from shortages of spare parts, the retreat of oil...

  • BEIJING, June 14- A British exit from the European Union would add to uncertainty at a time of global economic weakness, an International Monetary Fund official said on Tuesday. "It's very hard to anticipate what those effects may be but that uncertainty would be a negative factor and come at a time when the global recovery remains slow and somewhat weak," David...

  • BEIJING, June 14- China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund official said on Tuesday. "Corporate debt, though still manageable, is high and rising fast," Lipton said, adding that China needed a comprehensive plan and concrete...

  • BEIJING, June 14- A British exit from the European Union would lead to a period of uncertainty around Britain-EU trade, an International Monetary Fund official said on Tuesday. While it is difficult to anticipate exactly what the effects of a Brexit would be, the uncertainties could be felt more broadly and would be a negative factor at a time of global economic...

  • IMF: PROGRESS IN CHINA'S ECONOMIC REFORMS UNEVEN, THERE IS GROWING URGENCY TO IMPLEMENT REFORMS.

  • BEIJING, June 14- China needs to implement reforms with more urgency as the economy faces growing vulnerabilities and there are fewer buffers to deal with any shocks, an International Monetary Fund official said on Tuesday. "Corporate debt, though still manageable, is high and rising fast," Lipton said, adding that China needed a comprehensive plan and concrete...

  • WASHINGTON, June 13- The International Monetary Fund said on Monday its executive board voted to more than double Colombia's flexible credit line to about $11.5 billion and extend the arrangement for another two years. He added that rising global risks have the potential to increase the severity of shocks to Colombia's economy, however, so the IMF flexible...

  • Workers sit on the pavement near a construction site in Beijing, China, on Wednesday, March 2, 2016.

    China must act quickly to address mounting corporate debt before it became a systemic problem, a senior IMF official said on Saturday.

  • SHANGHAI, June 11- China must act quickly to address mounting corporate debt, a major source of worry about the world's second-largest economy, a senior International Monetary Fund official said on Saturday. China, whose economy grew in 2015 at its slowest pace in a quarter of a century, has been grappling with rising debt levels and overcapacity.

  • LONDON, June 9- Outdoor air pollution could cause 6 to 9 million premature deaths and represent an economic cost of around $2.6 trillion a year by 2060 unless action is taken, the Organisation for Economic Co-operation and Development said in a report released on Thursday. The OECD examined the economic consequences of air pollution and found that it could cost...

  • June 9- Japan said it may ask the World Trade Organization to help resolve a dispute related to India's "safeguard" tariffs on the import of hot-rolled steel. Japan will make repeated requests to the Indian authorities to ensure the consistency of their measures with the WTO agreements, the Japanese Ministry of Economy, Trade and Industry said in its annual...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • *World Bank cuts economic growth forecasts. Mixed Chinese economic data, along with a decision by the World Bank to slash its 2016 global economic growth forecast, also gave some traders a reason to take a negative view on the outlook for stock markets. "The Chinese export figures looked a bit disappointing, and the World Bank's cut to its forecasts is another...

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • BEIJING, June 7- China and the United States agreed to push forward reforms at the International Monetary Fund to increase quotas for emerging economies, China's vice premier Wang Yang said on Tuesday. The United States also will fully consider the impact that normalising monetary policy will have on international markets, he added, at the end of high-level...

  • MUMBAI, June 7- India's central bank is widely expected to keep its policy interest rate unchanged at a five-year low of 6.50 percent on Tuesday, while signalling the prospect of another cut later this year if monsoon rains dampen upward pressure on food prices. Reserve Bank of India Governor Raghuram Rajan, a much admired former International Monetary Fund...

  • TOKYO- IMF Deputy Managing Director Mitsuhiro Furusawa, Japan's vice finance minister for international affairs Masatsugu Asakawa and Asian Development Bank Institute Dean Naoyuki Yoshino will speak at a forum on fiscal policy for long-term growth held in Tokyo- 0100 GMT. BRASILIA- Central Bank of Brazil holds Monetary Policy Committee meeting.