World Economy Economic Organizations

  • BEIJING, Sept 30- Mongolia has sought financial assistance from the International Monetary Fund, as it grapples with balance of payments woes and looks to stabilize its economy, the IMF said on Friday. Discussions will begin next week when Mongolian officials visit Washington D.C. to attend the annual meetings of the IMF, the organization said in a statement,...

  • BEIJING, Sept 30- Mongolia has sought financial assistance from the International Monetary Fund, as it grapples with balance of payments woes and looks to stabilise its economy, the IMF said on Friday. Discussions will begin next week when Mongolian officials visit Washington D.C. to attend the annual meetings of the IMF, the organisation said in a statement,...

  • BEIJING, Sept 30- Mongolia has sought financial assistance from the International Monetary Fund, as it grapples with balance of payments woes and looks to stabilise its economy, the IMF said on Friday. Discussions will begin next week when Mongolian officials visit Washington D.C. to attend the annual meetings of the IMF, the organisation said in a statement,...

  • BEIJING, Sept 30- Mongolia has sought financial assistance from the International Monetary Fund, as it grapples with balance of payments woes and looks to stabilize its economy, the IMF said on Friday. Discussions will begin next week when Mongolian officials visit Washington D.C. to attend the annual meetings of the IMF, the organization said in a statement,...

  • FRANKFURT, Sept 30- Germany's central bank sees no need for a new global stimulus package like the one advocated by the International Monetary Fund, as it expects the world's economy to continue to recover, Bundesbank board member Andreas Dombret said on Friday. IMF calls for the world's largest economies to embark on fresh stimulus have gone unheeded in...

  • BUENOS AIRES, Sept 28- Progress has been made in correcting imbalances in Argentina's economy but sustained growth would require more reforms, the International Monetary Fund said on Thursday after its first mission to the country in 10 years. The Sept. 19-29 visit came after President Mauricio Macri, who took office in December, threw open Argentina's economy...

  • BUENOS AIRES, Sept 28- An official at the International Monetary Fund on Thursday praised ongoing reforms in Argentina, hours before concluding the fund's first consultation in a decade in Latin America's third-largest economy. The visit from IMF officials comes as President Mauricio Macri, who took office in December, throws open Argentina's economy to...

  • ABIDJAN, Sept 29- Economic growth in sub-Saharan Africa is likely to slip to 1.6 percent this year, its lowest level in two decades, due to continuing woes in the continent's largest economies South Africa and Nigeria, a World Bank report said on Thursday. However, other countries, including Ethiopia, Rwanda, and Tanzania, have continued to record GDP growth above 6...

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • Treasury Secretary Jack Lew said major emerging market countries should be better able to anticipate a U.S. interest rate hike because of the Federal Reserve's clear communications, a recapitalized International Monetary Fund and efforts to coordinate monetary and fiscal policies. Lew told Reuters in an interview late Monday that G20 finance ministers...

  • BEIJING- Asian Development Bank releases its flagship economic publication, its Asian Development Outlook 2016- 0200 GMT MANILA- Central Bank of the Philippines monetary board member Valentin Araneta addresses 2016 Philippine investment conference on "Sustaining Development in a World of Policy Divergence" PRAGUE- Czech National Bank board member Tomas...

  • As if European politicians did not have enough on their plates grappling with Britain's exit from the European Union, Italy will start the countdown towards a high-stakes referendum on constitutional reform. With polls suggesting the vote-- expected in November or December-- could be close, and Prime Minister Matteo Renzi having staked his job on the vote, the...

  • MOSCOW, Sept 23- International tax cooperation will be in focus alongside the global economy a meeting of finance ministers from the Group of 20 developed and developing nations in Washington next month, Russia's top financial diplomat said on Friday. The G20 ministers meet in Washington on Oct. 6, on the eve of the World Bank/ IMF annual meetings, weeks after a G20...

  • ABUJA, Sept 22- Nigeria has hunted down 700,000 firms that have never paid taxes as the country seeks new revenue sources to offset low oil prices that have pushed Africa's biggest economy into its first recession in more than 20 years, its tax chief said. The OPEC member slid into recession in the second quarter and militant attacks on oil facilities in its Niger...

  • BERLIN, Sept 21- German Economy Minister Sigmar Gabriel, heading to Moscow for talks about trade with President Vladimir Putin, said on Wednesday he favored lifting EU sanctions on Russia but that would require progress on peace in Ukraine. The European Union imposed the sanctions after Russia annexed Ukraine's Crimea peninsula in 2014.

  • WASHINGTON, Sept 21- China will need to keep improving the transparency of its exchange rate regime once its yuan achieves reserve status as part of the International Monetary Fund's currency basket on Oct. 1, IMF officials said on Wednesday. "Inclusion of the Chinese renminbi in the SDR basket is an important milestone in the process of China's global financial...

  • WOLFSBURG, Germany, Sept 19- Germany's vice chancellor has secured the backing of his Social Democrats to vote in favour of a trade deal between the European Union and Canada, a person present at the party's convention on Monday told Reuters. Sigmar Gabriel, who is also economy minister, has championed the Comprehensive Economic Trade Agreement, the EU's most...

  • WOLFSBURG, Germany, Sept 19- Germany's Vice Chancellor has won over an important critic in his Social Democrats party ahead of a crucial vote on a trade deal between the European Union and Canada, raising the chances that Europe's biggest economy will back the accord. However Sigmar Gabriel, who is also Germany's economy minister, has championed CETA and says it...

  • MONTREAL, Sept 15- Germany's economy minister said on Thursday he expected the country's Social Democrats, a junior partner in the ruling coalition, to vote in favor of a free-trade agreement between Canada and the European Union at a party meeting on Sept. 19. "We will get a majority vote," German Vice Chancellor and Economic Affairs Minister Sigmar Gabriel told...

  • *Conservative vice Chancellor for Canada deal. VIENNA, Sept 14- Austrian Chancellor Christian Kern's opposition to a free trade agreement between the European Union and Canada was countered by fervent praise for the deal from his deputy at a special parliamentary session on the issue on Wednesday. The Comprehensive Economic and Trade Agreement with Canada,...