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  • ACCRA, March 20- Moody's Investors Service downgraded Ghana's sovereign rating and put the country on a negative outlook to reflect an increasing debt burden, large fiscal imbalances and a sharp weakening of the cedi currency. The downgrade from by one notch to B3 from B2 comes despite an agreement with the International Monetary Fund in February for a...

  • WASHINGTON, March 19- In eight International Monetary Fund programs since independence in 1991, Ukraine has completed just one successfully. Ukraine's finance minister believes the IMF's money is "not forever", but over-optimistic economic assumptions and continued fighting in the east of the country will probably mean Ukraine will end up depending on...

  • *India, euro zone and Japan forecasts significantly higher. In a regular overview of the world economy, it confirmed its forecast of 3.1 percent growth in the U.S. economy this year and 3.0 percent next, with forecasts for India, the euro zone and Japan raised the most. "India is now expected to be the fastest-growing major economy in 2015-16, overtaking China," said...

  • MUMBAI, March 17- Emerging markets need to be prepared for the impact of a rise in U.S. interest rates which could still surprise in both timing and pace, the head of the International Monetary Fund, Christine Lagarde, said on Tuesday. In a speech in Mumbai, Lagarde warned that there could be a repeat of the so-called "taper tantrum" seen in 2013 when then Federal Reserve...

  • MINSK, March 16- The head of the International Monetary Fund to Belarus said on Monday he expected the Belarussian economy to contract by 2 percent in 2015 compared to the Fund's earlier forecast of 1.5 percent. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. The Belarussian government...

  • NEW DELHI, March 16- The global recovery is "too slow, too brittle and too lopsided", the head of the International Monetary Fund said in India on Monday, describing Asia's third-largest economy as a rare bright spot on a cloudy global horizon. In a speech in New Delhi, IMF Managing Director Christine Lagarde said that monetary policy in the world's leading economies...

  • NEW DELHI, March 16- India's economy is a bright spot in a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out the risk of financial market volatility arising from divergence in monetary policy among leading central banks. The first of those was what Lagarde called "asynchronous monetary policy" in...

  • NEW DELHI, March 16- India's economy is a bright spot on a cloudy global economy, with recent policy reforms and improved business confidence set to boost growth, the head of the International Monetary Fund said on Monday. Speaking in New Delhi, IMF Managing Director Christine Lagarde welcomed the government's latest budget as "a step in the right direction", and...

  • NEW DELHI, March 16- The global economic recovery remains "too slow, too brittle and too lopsided", the head of the International Monetary Fund said on Monday, singling out divergences in monetary policy as a risk that could cause financial market volatility. Christine Lagarde reiterated the IMF's forecast that, more than six years after the global financial...

  • NEW DELHI, March 16- India is better positioned to cope with external financial shocks than most emerging market economies, International Monetary Fund head Christine Lagarde was quoted saying on Monday, just ahead of a of a crunch meeting of the U.S. Now, Lagarde said in an interview with the Times of India before a two-day visit, India is in better shape.

  • *ECB QE purchases buoy downtrodden inflation-proof bonds. LONDON, March 13- Euro zone inflation-linked bonds could be big winners in a currency war that has accelerated this week with the start of the European Central Bank's 1 trillion euro money-printing scheme. Investors are emboldened by developments in the Japanese market, where inflation-linked bonds...

  • WASHINGTON, March 12- The International Monetary Fund sees the recent increase in the value of the U.S. dollar as being in line with market fundamentals, a spokesman for the institution said on Thursday. IMF spokesman Gerry Rice said the decline in energy prices, the changing growth outlooks for major economies and the diverging paths of monetary policies...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved a loan of $17.5 billion, with the bulk of the money heading out the door fast: $5...

  • IMF sees Ukraine returning to growth next year Wednesday, 11 Mar 2015 | 5:45 PM ET

    WASHINGTON, March 11- The International Monetary Fund said on Wednesday that Ukraine's economy should return to growth in 2016 after a deep contraction this year. In a news release providing details of its $17.5 billion loan to Ukraine, the IMF said the economy would likely shrink by about 5.5 percent this year, before rebounding with growth of 2 percent in 2016...

  • WASHINGTON, March 11- The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout. The IMF board on Wednesday approved an overall loan of $17.5 billion, with the bulk of the money heading out the door fast:...

  • WASHINGTON, March 11- The International Monetary Fund's board signed off on a $17.5 billion four-year aid program for Ukraine on Wednesday, the second attempt in less than a year to pull its economy back from the brink of bankruptcy. But the IMF deemed insufficient the funds and agreed program duration to support Ukraine's economic reforms while the...

  • IMF approves $17.5 billion loan program for Ukraine Wednesday, 11 Mar 2015 | 12:59 PM ET

    WASHINGTON, March 11- The International Monetary Fund's board signed off on a $17.5 billion four-year aid program for Ukraine on Wednesday, the second attempt in less than a year to pull its economy back from the brink of bankruptcy. A statement from IMF Managing director Christine Lagarde did not provide details on how large an initial payment will be made to...

  • OECD: Euro zone growth gaining pace, others stable Monday, 9 Mar 2015 | 7:00 AM ET

    PARIS, March 9- The euro zone is increasingly contributing to an improvement in global economic growth prospects, according to a forward-looking indicator the Organisation for Economic Co-operation and Development published on Monday. It edged higher too in Brazil and India but fell in Russia to 99.3 from 99.5. Within the euro zone, the reading for Germany...

  • MINSK, March 5- Belarus wants to ask the International Monetary Fund for a new financing programme, Deputy Finance Minister Maxim Yermolovich said on Thursday. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Belarus received a $3.5 billion standby loan from the IMF in 2009-2010 in the...