Paul Rawkins, head of emerging Europe sovereign ratings at Fitch, explains why the agency downgraded Ukraine to B- with negative outlook and says an IMF bailout would be the best outcome.» Read More
SEOUL, Dec 5- Spanish banks are solid and healthy thanks to effective recapitalising and restructuring efforts by the country's financial authorities, the head of the International Monetary Fund said on Thursday.
NAIROBI/ LONDON, Dec 3- Improved fiscal management has left Kenya well placed to borrow from international financial markets, the IMF said, as the country said it planned to start marketing a debut sovereign Eurobond next month.
LONDON, Dec 3- Egypt has postponed any decision on taking a $4.8 billion loan from the IMF as financial aid from Gulf states has given Cairo some breathing space as it starts to conduct economic reforms, Deputy Prime Minister Ziad Bahaa El-Din said on Tuesday.
KIGALI, Dec 3- Rwanda needs to bolster domestic revenues to finance its development targets without placing strain on the budget, the International Monetary Fund said. Rwanda aims to become a middle income country by 2020 but relies on external funding, including aid, for about 40 percent of its budget.
NAIROBI, Dec 3- Improved fiscal management has left Kenya well placed to borrow from international financial markets, the International Monetary Fund said as it announced an immediate disbursement of $110 million.
TORONTO, Nov 27- Economic growth in Canada should accelerate next year as a pick-up in the U.S. recovery boosts exports, but low inflation means the Bank of Canada can wait to raise interest rates until early 2015, the International Monetary Fund said on Wednesday.
TORONTO, Nov 27- Canada's economy should accelerate next year as a pick-up in the U.S. recovery boosts exports, although the Bank of Canada is unlikely to raise interest rates until early 2015, the International Monetary Fund said on Wednesday. The IMF sees Canada's economic growth accelerating to 2.25 percent in 2014 from an estimated 1.6 percent this year.
ATHENS, Nov 21- Greece unveiled a revised 2014 budget plan on Thursday, predicting a bigger-than-expected primary surplus this year. The revised plan has not been approved by the European Union and International Monetary Fund in ongoing discussions over whether it will be granted more leeway on its debts next year.
DUBAI, Nov 20- Gulf Arab oil exporters may see unemployment among their citizens rise in coming years unless they change a decades-old habit of relying on cheap foreign labour, the International Monetary Fund said on Wednesday.
*Stress tests show risks to Singapore banks are manageable. SINGAPORE, Nov 14- Singapore needs to narrow its huge current account surplus further and the International Monetary Fund supports the government's plans to raise public spending on infrastructure and social services, the IMF said on Thursday.
TEGUCIGALPA, Nov 12- Honduras' ruling party presidential candidate Juan Hernandez said on Tuesday he hoped to strike a financing deal with the IMF within six months if he were to win this month's election and would also seek to refinance the country's heavy debt burden.
*Yemen in urgent need of budget support. DUBAI, Nov 12- The International Monetary Fund hopes to reach a loan deal with Yemen by the end of the year as the impoverished Gulf state urgently needs budgetary support, a senior official at the Washington- based lender said on Tuesday. A Yemen central bank official has said the loan could be worth up to $500 million.
ALMATY, Nov 12- The International Monetary Fund its growth forecast for gas-rich Turkmenistan on Tuesday but urged the Central Asian republic to bolster reforms to sustain strong economic growth.
*Budget break-even oil prices above $90/ bbl for most. DUBAI, Nov 12- The Arab world's energy exporting states are not saving enough of their oil windfall and as a group may start running a fiscal deficit in 2016 if current policies do not change, the International Monetary Fund said on Tuesday.
WASHINGTON, Nov 11- The International Monetary Fund plans to conduct a regular assessment of Iran's economy early next year, the first time in over two years, Fund staff said after a visit to the country. Sanctions targeted at Iran's disputed nuclear program have hurt trade and largely frozen Iran out of the international banking system since late 2011..
WASHINGTON, Nov 10- Argentina has made "positive progress" in reforming the quality of its economic data, the head of the International Monetary Fund said on Sunday, adding that the IMF's board is set to review the country's moves in a few days.
KIEV, Nov 8- Ukrainian President Viktor Yanukovich on Friday rejected calls by the International Monetary Fund to make domestic consumers pay more for gas, resisting an unpopular step before a presidential election due early in 2015..
PARIS, Nov 8- The world economy is recovering but at a pace too slow to create jobs, International Monetary Fund Managing Director Christine Lagarde said on Friday.
ISLAMABAD, Nov 8- The International Monetary Fund said on Friday it was broadly satisfied with Pakistan's economic progress after stepping in to save the country from a possible default earlier this year.
DUBLIN, Nov 7- Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again. The European Union and International Monetary Fund are due to sign off on the last part of a 85 billion euro bailout, leaving Ireland to exit the process by the end of the year, the first crisis-hit euro zone country to do so.