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
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.
Senior officials from the European Union told Reuters the EU was in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year.
WASHINGTON, Oct 31- President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter.
ABUJA/ LAGOS, Oct 31- Sub-Saharan Africa's economic growth is expected to increase to 6 percent in 2014, from 5 percent this year, supported by investment in infrastructure and production capacity, the International Monetary Fund said on Thursday.
TOKYO, Oct 29- The Bank of Japan's massive stimulus is working, the International Monetary Fund's mission chief to Japan said, and there is still room to increase purchases of government bonds and exchange-traded funds if a further boost was needed.
SINGAPORE, Oct 28- Gold was hovering near five-week highs on Monday as traders bet the U.S. *Spot gold had eased 0.3 percent to $1,348.44 an ounce by 0010 GMT, after posting a near 3- percent gain the week before. *Turkey and Kazakhstan raised their gold holdings in September, while Russia's bullion reserves eased, according to the International Monetary Fund.
BRASILIA, Oct 23- Brazil must take more decisive action to raise productivity and boost private investment if it is to restore robust growth to its once-booming economy, the International Monetary Fund said on Wednesday.
As the wrangling in Washington continues, Christine Lagarde, managing director of the IMF tells NBC why she's worried about the threat of a U.S default.
Nobody knows the true scale of potential losses at Europe's banks, but the International Monetary Fund hinted at the enormity of the problem this month, saying that Spanish and Italian banks face 230 billion euros of losses alone on credit to companies in the next two years.
WASHINGTON, Oct 12- Central banks of advanced economies must try to limit collateral damage to emerging markets when the time comes to tighten monetary policy, the International Monetary Fund's steering panel said on Saturday.
WASHINGTON, Oct 12- Central banks in advanced economies must act carefully when the time comes to tighten monetary policy to avoid destabilizing emerging markets, the International Monetary Fund's steering panel said on Saturday.
LONDON, Oct 10- Governments are failing to deal with rising fossil fuel prices, preferring price caps to win votes and shield industry over efficiency measures which energy agencies say are better value for money. Energy subsidies have risen year on year since 2008, to $480 billion annually in 2011, according to International Monetary Fund figures.
AMSTERDAM, Oct 10- Dutch finance minister and Eurogroup head Jeroen Dijsselbloem pulled out of annual IMF meetings in Washington on Thursday to deal with political problems at home that could trigger a budget crisis.
This week the IMF gave a bleak outlook for emerging market economies, slashing its growth forecasts, but some say the body has got it wrong.
Jose Vinals, Financial Counsellor & Director, Monetary & Capital Markets at the IMF says financial stability is key in order for the Fed to focus on economic developments to assess potential tapering.
WASHINGTON, Oct 9- Politicians in Washington should urgently work on finding a solution to a budget impasse that has partially shut down the U.S. government and raised the risk of a default, a senior International Monetary Fund official said on Wednesday.
Serious deficit-cutting efforts in most advanced economies, with the exception of Japan, means debt is set to stabilize at an average of just below 110 percent of GDP, the International Monetary Fund said in its twice-yearly Fiscal Monitor.
Serious deficit-cutting efforts in most advanced economies- with the exception of Japan- means debt is set to stabilize at an average of just below 110 percent of GDP, the International Monetary Fund said in its twice-yearly Fiscal Monitor.
WASHINGTON, Oct 9- The International Monetary Fund urged the European Union to quickly set up an agency that would close or salvage troubled banks across the continent as part of an effort to shed a mountain of bad debt impeding economic recovery.