It's a long play, but emerging markets promise significant growth for the health-care industry, said Abbott CFO Thomas Freyman.» Read More
JOHANNESBURG, March 16- Mozambique's overall budget deficit is projected to widen to 9.5 percent this year from 3 percent in 2013, the International Monetary Fund said, as the country continues its spending-driven quest for economic growth.
ANTANANARIVO, March 15- The World Bank and the European Union will resume financial support to Madagascar, officials said, pledging to help rebuild the Indian Ocean island economy still reeling from a coup in 2009..
BOGOTA, March 13- Colombia's central bank could begin raising its key interest rate toward a neutral level as temporary supply shocks disappear and gradually allow inflation to rise, the International Monetary Fund said on Thursday.
WASHINGTON, March 13- Raising the retirement age and scrapping regressive taxes such as deducting the interest on mortgages can help richer governments address income inequality without straining their pocketbooks, IMF staff said in a paper on Thursday.
WASHINGTON, March 13- An International Monetary Fund team in Kiev will begin negotiations with Ukrainian authorities about an economic reform program, the IMF's chief said on Thursday. An IMF team has been in Kiev since March 4 to gather data about the government's finances.
OTTAWA, March 13- Canada will offer C $220 million in aid to Ukraine to help promote sustainable economic growth and good governance, Foreign Minister John Baird said on Thursday. He told reporters that C $200 million would be in the form of a loan or a loan guarantee based on a broader package that included support from the International Monetary Fund.
WASHINGTON, March 13- The International Monetary Fund has made good progress in its fact-finding mission in Kiev and will soon discuss Ukraine's economic situation with IMF management, a Fund spokesman said on Thursday. A team from the IMF arrived in Kiev last week to assess the country's economic situation and discuss a possible bailout program.
WASHINGTON, March 12- The U.S. Senate Foreign Relations Committee voted 14-3 on Wednesday to pass a bill addressing the crisis in Ukraine that includes reforms to the International Monetary Fund and sanctions on Russians and Ukrainians, as well as aid and loan guarantees for the new government in Kiev.
*U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.
*Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.
WASHINGTON, March 7- The International Monetary Fund mission to Ukraine is "progressing well" and Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country.
WASHINGTON, March 7- The International Monetary Fund mission to Ukraine is going well, and the Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country.
WASHINGTON/ MOSCOW, March 6- Russian officials are pushing for the International Monetary Fund to move ahead with planned reforms without the United States, which could mean the loss of the U.S. veto over major decisions at the global lender, sources said.
WASHINGTON, March 5- Big institutional investors account for 80 percent of the half a trillion dollars foreigners have plowed into emerging market sovereign debt in the last few years, according to an analysis by International Monetary Fund economists.
WASHINGTON, March 5- A financial aid package for Ukraine that the U.S. House of Representatives plans to vote on soon will not include funding for the International Monetary Fund, a senior House Republican aide said on Wednesday.
WASHINGTON, March 5- Many countries are hesitant to rely on the IMF's new lending instruments because of a perceived "stigma" attached to taking money from the global financial institution, the International Monetary Fund said on Wednesday.
*European Union says ready to provide $15 bln to Ukraine. BRUSSELS, March 5- The European Union offered a larger than expected package of aid to Ukraine on Wednesday, saying it was willing to provide $15 billion in loans and grants over the next several years to help get the shattered economy back on its feet.
CNBC's John Harwood provides insight on President Obama's comments on pulling Congress together to provide aid to Ukraine.
Christine Lagarde, head of the IMF, says that the organization will address the concerns about Ukraine from an economic and financial point of view, not a geopoltical one.
The Ukrainian economy has collapsed says Pavlo Sheremeta, Ukraine's economy minister, adding that the country now needs to quickly design and implement an austerity program.