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  • WASHINGTON, Dec 9- The U.S. Congress is preparing to leave town for the holidays without passing reforms to give emerging markets greater say at the International Monetary Fund, a step the Obama administration has warned could undermine Washington's international influence. The changes would double the fund's resources and hand more IMF voting power to...

  • U.S. Congress will not pass IMF reforms this year Wednesday, 10 Dec 2014 | 11:42 AM ET

    WASHINGTON, Dec 9- Funding for the International Monetary Fund did not make it into U.S. spending legislation this year, another setback for historic reforms aimed at giving emerging markets more say in how the world lender is run. The reforms would double the fund's resources and hand more IMF voting power to countries like the BRICS: Brazil, Russia, India, China...

  • IMF visits Ukraine for bailout talks Monday, 8 Dec 2014 | 5:00 PM ET

    *Kiev had hoped to receive next tranche of $2.7 bln by year-end. KIEV, Dec 9- An IMF mission will visit Kiev on Tuesday to start a fresh round of talks with the new government linked to a $17 billion loan package that may have to be ramped up due to the financial toll of a separatist crisis in Ukraine's east. Kiev had expected that the next loan tranche, worth $2.7 billion,...

  • SANTIAGO, Dec 5- The slide in oil prices will probably cut Canadian economic growth by 1/ 3 of a percentage point in 2015, not the 1/ 4 point the Bank of Canada estimated in late October, bank Governor Stephen Poloz told Reuters on Friday. He was speaking on the sidelines of an International Monetary Fund forum in Santiago two days after he held the central bank's...

  • *U.S. Esmark Inc says interested in plant. BELGRADE, Dec 5- Serbia is inviting bids for an 80- percent stake in a loss-making steel mill, aiming to ease pressure on the country's finances. But in a loan deal with the International Monetary Fund agreed last month, the government committed to cut subsidies in order to curb the deficit and cap debt seen at 70 percent of...

  • TEGUCIGALPA, Dec 3- The International Monetary Fund on Wednesday said it had offered Honduras roughly $189 million in loans that the poor Central American country could tap to help contain a ballooning government deficit. Honduras is one of the poorest countries in the Americas and has the world's highest murder rate, fuelling a surge in child migration to the...

  • LONDON, Dec 3- With an economy in meltdown, a currency that has tanked 45 percent and a possible sovereign default ahead, more and more of Ukraine's companies are finding themselves unable to repay overseas debt. While a relatively modest $12.4 billion in private sector debt falls due in 2015, according to International Monetary Fund estimates, it still exceeds...

  • ATHENS, Dec 2- Greece has rejected its international lenders' demands for tax rises and income cuts next year, Prime Minister Antonis Samaras said on Tuesday, arguing such measures would be disastrous for the country which has emerged from a deep economic recession. "Greece has done a lot already," Samaras said during an economic conference. The finance ministry...

  • MADRID, Dec 1- A Spanish High Court judge has asked investment bank Lazard to provide information on a 6 million euro payment to ex-IMF boss Rodrigo Rato when he was head of lender Bankia in 2011, a court order showed on Monday. Rato, who worked for Lazard between stints as head of the International Monetary Fund and Bankia, has been accused of improper management as...

  • OTTAWA, Nov 26- Canada's housing market is overvalued by as much as 20 percent but is likely to achieve a soft landing, the International Monetary Fund said on Wednesday. IMF official Hamid Faruqee said national home prices in Canada were between 5 percent and 20 percent higher than fundamentals suggest they should be. Faruqee noted that authorities might need...

  • ATHENS, Nov 21- Greece's government on Friday pushed ahead with plans for a near-balanced budget next year, ignoring objections from its international lenders who say Athens is set to miss its deficit forecast. The government and the European Union and International Monetary Fund have been at loggerheads over the projected 2015 deficit, with the lenders...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it made significant progress in a third round of talks with Ghana on a financial aid programme aimed at helping the West African country out of a fiscal crisis. Escalating inflation, a currency that has fallen sharply this year and a high budget deficit have severely undermined Ghana's reputation as a...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it had made significant progress in a third round of talks with Ghana on a financial assistance programme aimed at restoring the country's fiscal balance. The Fund said it would carry on working with Ghana on array of measures, and would then agree an assistance programme. "Once this work is completed, a...

  • ACCRA, Nov 21- The International Monetary Fund said on Friday it made significant progress in a third round of talks with Ghana on a financial assistance program aimed at restoring the country's fiscal balance.

  • NEW YORK/ SINGAPORE, Nov 20- Ukraine slashed its gold reserves by more than a third in October, data from the International Monetary Fund showed, as the near-bankrupt country reels from fighting a pro-Russian separatist movement in the east. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia added another 18.9 tonnes,...

  • NEW YORK, Nov 20- Ukraine slashed its gold reserves by more than a third in October, while Russia increased its reserves for a seventh straight month, according to International Monetary Fund data released on Thursday. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia, which has one of the world's largest bullion...

  • NEW YORK, Nov 20- Ukraine slashed its gold reserves by more than a third in October, while Russia increased its reserves for a sixth straight month, according to International Monetary Fund data released on Thursday. Ukraine ended last month with 26 tonnes of gold, down by 14 tonnes from September, while Russia, which has one of the world's largest bullion reserves,...

  • *PM says Serbia to provide "normal life" to its citizens. BELGRADE, Nov 20- Serbia agreed a three-year precautionary loan deal with the International Monetary Fund on Thursday worth around 1 billion euros, ending months of uncertainty that had weighed on the dinar currency. Serbian Finance Minister Dusan Vujovic said he expected it to enter into force from Jan. 1.

  • BELGRADE, Nov 20- A new precautionary loan deal between Serbia and the International Monetary Fund, agreed on Thursday, will take effect as of Jan. 1, 2015, Serbian Finance Minister Dusan Vujovic said.

  • *Serbia seeking precautionary loan deal. BELGRADE, Nov 20- Serbia said on Thursday it had reached agreement with the International Monetary Fund on a new loan deal designed to reassure investors after months of uncertainty. Serbia has been seeking a precautionary loan deal to replace a previous arrangement frozen by the lender in early 2012 over broken...