Economic Organizations
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*$4.8 billion loan needed to bolster economy in crisis. CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund on a $4.8 billion loan within two weeks, the state news agency MENA reported.
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CAIRO, April 4- Egypt's planning minister said on Thursday the government expects to reach a final agreement with the International Monetary Fund over a $4.8 billion loan within two weeks, the state news agency MENA reported. Ashraf al-Araby also said that Cairo had not requested an increase in the amount of the loan, needed to avert a deepening economic crisis.
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If it fails, international lenders may have to do what they wanted to avoid and which Germany and its northern European allies may baulk at- give Cyprus more money. Nicosia will get 10 billion euros over three years from the euro zone and the International Monetary Fund.
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*Moussa, Abolghar both say Egypt needs the loan. CAIRO, April 2- Egypt predicts a speedy conclusion to talks with the International Monetary Fund on a $4.8 billion loan that will help save its economy from crisis.
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*West African state rebounding from decade of turmoil. ABIDJAN, March 27- The International Monetary Fund sees economic growth in top cocoa grower Ivory Coast reaching 8 percent in 2013, up from a previous forecast of 7 percent, a senior Fund official said on Wednesday.
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ABIDJAN, March 27- The International Monetary Fund sees economic growth in top cocoa grower Ivory Coast reaching 8 percent in 2013, up from a previous forecast of 7 percent, a senior Fund official said on Wednesday.
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WASHINGTON, March 27- Developing and industrialized countries should rein in energy subsidies that totaled $1.9 trillion in 2011 to ease budgetary pressures and free up resources for public spending in areas such as education and health care, International Monetary Fund economists said in a research paper published on Wednesday.
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BRUSSELS, March 27- Confidence in the euro zone's economy worsened in March, falling after four straight months of gains and suggesting a hard route out of recession, European Commission data showed on Wednesday.
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BRUSSELS, March 27- Confidence in the euro zone's economy worsened in March, falling after four straight months of gains, the European Commission said on Wednesday.
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BRUSSELS, March 26- The head of Italy's largest power company, Enel, said European Union governments should stop subsidising renewable energy to relieve pressure on utilities struggling with economic weakness.
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MILAN, March 26- Italy's banking sector is well capitalised but still faces risks because of a prolonged recession and exposure to sovereign debt, the International Monetary Fund said on Tuesday.
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The agreement came hours before a deadline to avert a collapse of the banking system in fraught negotiations between President Nicos Anastasiades and heads of the European Union, the European Central Bank and the International Monetary Fund.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union launched talks on Monday towards one of the world's most ambitious trade deals, in a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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TOKYO/ BRUSSELS, March 25- Japan and the European Union agreed on Monday to launch talks on one of the world's most ambitious trade deals despite opposition from European carmakers, a test of how far both sides are willing to go in their hunt for economic growth.
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*IMF urges Belarus to focus on reducing inflation. MINSK, March 25- The International Monetary Fund urged Belarus on Monday to stop cutting interest rates and boosting wages and other spending in pursuit of high growth and focus on curbing inflation and maintaining macroeconomic stability.
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*Cyprus a "casino economy", says French minister. With Cyprus facing a Monday deadline to avert a collapse of its banking system, Anastasiades met the heads of the European Union, the European Central Bank and the International Monetary Fund to try to craft a deal on a 10 billion euro bailout after a first attempt collapsed last week.
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MILAN, March 24- The International Monetary Fund is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next World Economic Outlook report.