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Christine Lagarde

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  • WASHINGTON— The world's financial leaders see a number of threats facing a global economy still on an uneven road to recovery with U.S. and European officials worrying that Greece will default on its debt. The head of the European Central Bank, Mario Draghi, said it was "urgent" to resolve the current dispute between Greece and its creditors. But French Finance...

  • WASHINGTON, April 18- The head of the International Monetary Fund said on Saturday that a new IMF support program for Ghana would likely unlock lending from other bilateral institutions. "It clearly will have a catalytic effect," IMF Managing Director Christine Lagarde told a news conference at the conclusion of a meeting of the IMF's steering committee.

  • WASHINGTON, April 18- China does not want to bend the rules in its favor to include the yuan in the IMF's basket of major reserve currencies, the No. 2 official at the International Monetary Fund said. Beijing tightly controls the yuan's movements and has strong capital controls, but it is pushing for increased use of the currency for trade and investment as part of a...

  • MADRID— An investigation into an ex-minister and former International Monetary Fund chief over alleged fraud and money laundering is damaging Spain's ruling Popular Party, which faces a general election late this year, the prime minister said Saturday. Speaking at a hastily convened, unscheduled press conference in eastern Murcia, Mariano Rajoy...

  • Finance officials see rising risks to economic recovery Saturday, 18 Apr 2015 | 12:31 AM ET

    Mario Draghi, head of the European Central Bank, said it was "urgent" to resolve the dispute between Greece and its creditors. Earlier in the week, IMF Managing Director Christine Lagarde rejected suggestions that her agency might postpone repayment deadlines for Greece. On Saturday, she cited constructive talks with Varoufakis and said the goal was to...

  • *UK unemployment rate falls to 5.6 pct. LONDON, April 17- Britain's economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labor market data showed on Friday, the last such report before a closely fought election on May 7. The opposition Labor Party stressed the slow pace of Britain's recovery in...

  • WASHINGTON, April 16- Greece on Thursday sounded a mix of defiance and willingness to compromise with its international creditors on reforms required to unlock more loans, as it faces running out of money ahead of debt repayments next month. Its official creditors- the euro zone and the IMF- have frozen bailout aid until the new leftist-led government in Athens...

  • Greece finance minister vows compromise in loan talks Thursday, 16 Apr 2015 | 5:47 PM ET

    His comments came as Greece's borrowing costs soared amid growing fears of a debt default. German Finance Minister Wolfgang Schaeuble also spoke at Brookings and gave no sign of backing down from his hard-line stance that Greece must agree to sweeping economic reforms. Varoufakis acknowledged that Greece's economy requires "urgent and extensive" reforms...

  • WASHINGTON, April 16- The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. Greece is fast running out of cash and its euro zone and IMF lenders have frozen bailout aid until the new leftist-led government in...

  • IMF chief rejects possible delay in Greek debt payments Thursday, 16 Apr 2015 | 11:44 AM ET

    WASHINGTON— The head of the International Monetary Fund is rejecting suggestions that Greece could obtain a delay on debt payments it needs to make to the IMF in May. IMF Managing Director Christine Lagarde is telling reporters in Washington that a delay in Greece's IMF repayments is "clearly not a course of action" that would be recommended.

  • IMF's Lagarde says Greece should not delay payments Thursday, 16 Apr 2015 | 10:50 AM ET

    WASHINGTON, April 16- The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. IMF Managing Director Christine Lagarde said a Greek delay on its repayments to the Fund would not be recommended in the current...

  • WASHINGTON, April 16- Overreliance on currency depreciations to boost domestic economies could exacerbate global tensions over exchange rates, the head of the International Monetary Fund said on Thursday. The sharp rise of the dollar against the euro and yen is expected to be a major theme at the meeting of the world's top economic policymakers in Washington...

  • WASHINGTON, April 14- Recent shifts in exchange rates should help the global economy, boosting Japan and Europe in particular, amid increasing divergence in the growth paths of the world's major economies, the International Monetary Fund said on Tuesday. The Washington- based institution kept its global growth forecasts unchanged, with faster economic...

  • WASHINGTON, April 14- The International Monetary Fund highlighted an increasing divergence in the growth paths of the world's major economies this year, as a pick-up in the euro zone and India is expected to be offset by diminished prospects in other key emerging markets. In its flagship World Economic Outlook, the Washington- based institution kept its...

  • IMF's Lagarde sees 'new reality' of mediocre growth Thursday, 9 Apr 2015 | 10:40 AM ET

    WASHINGTON, April 9- Mediocre economic growth could become the "new reality," leaving millions stuck without jobs and increasing the risks to global financial stability, the head of the International Monetary Fund warned on Thursday. Christine Lagarde, the managing director of the IMF, first warned in October the global economy could be stuck on a "new mediocre"...

  • WRAPUP 1-Greek PM gets support, not money from Putin Wednesday, 8 Apr 2015 | 1:21 PM ET

    *Greece could run out of money within weeks. *Putin says Greece did not ask for aid. Tsipras added: " Greece is not a beggar going around to countries asking them to solve its economic problem, an economic crisis that doesn't only concern Greece but is a European crisis.

  • A Chinese win at IMF no one-way bet for yuan Tuesday, 7 Apr 2015 | 5:00 PM ET

    SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...

  • His government's first declaration in January was to say the asset sale- a key part of Greece's privatisation programme agreed with international creditors- had been cancelled. Athens then appeared to change heart: on a trip last month to China, which is a bidder and already runs part of the port, the deputy prime minister said the sale would go ahead.

  • ATHENS, April 6- Greece must reach an outline funding agreement with its lenders at a meeting of euro zone finance ministers on April 24, its finance minister told a Greek newspaper on Monday. A source with knowledge of the issue told Reuters last month that Greece had enough funds to last it until April 20. Varoufakis said on Sunday following a meeting with...

  • *Athens hopes new reform proposals can free up needed funds. WASHINGTON, April 5- Greek Finance Minister Yanis Varoufakis said on Sunday that Greece "intends to meet all obligations to all its creditors, ad infinitum," seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week. Most urgently, Athens is on the hook for a roughly 450...