GO
Loading...

IMF

More

  • The IMF's member countries agreed in 2010 to give more voting power to countries like China and India, double the Fund's resources, and reduce the dominance of Western Europe on its 24- member board. To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without...

  • WASHINGTON— Spain's Economy Minister Luis de Guindos criticized Greece's left-wing government for its "not very coherent" approach to negotiations over its finances and economy. Greece has relied on loans from European creditors and the International Monetary Fund since 2010. It is in talks over the conditions for its next loan installment, without which...

  • But China's proposal has been diplomatic coup, as Britain, France and Germany have broken with Washington and joined Asian governments in seeking membership. The U.S. also faces growing criticism over the refusal by Congress to approve reforms to the International Monetary Fund that would increase the voting power of fast-emerging economies such as China,...

  • Earnings next test for stocks after market wipeout Friday, 17 Apr 2015 | 4:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • U.S. urges Greece to strike deal with creditors Friday, 17 Apr 2015 | 4:12 PM ET

    WASHINGTON, April 17- The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy. Treasury Secretary Jack Lew said in a statement prepared for delivery at a...

  • FRANKFURT, April 17- The European Central Bank has analysed a scenario in which Greece runs out of money and starts paying civil servants with IOUs, creating a virtual second currency within the euro bloc, people with knowledge of the exercise told Reuters. Greece is close to having to repay the International Monetary Fund about 1 billion euros in May and...

  • G20 to sidestep U.S. on IMF reforms -draft communique Friday, 17 Apr 2015 | 12:39 PM ET

    To get around the United States, the IMF's board had proposed one "interim" plan to raise the voting rights of some emerging countries under an "ad hoc" increase without touching U.S. veto power. But countries like China would only get a small bump in their shares under this option, which requires all changes to allow the United States to keep at least 15 percent of the...

  • Greece fears hit stocks; IMF to cut growth outlook Friday, 17 Apr 2015 | 12:03 PM ET
    A woman walks past a slogan in central Athens, Greece.

    Greece growth projections will need to be "significantly" revised down as the country's debt negotiations with its creditors drag on, the IMF warned.

  • IMF discusses role in Egypt   Friday, 17 Apr 2015 | 11:50 AM ET
    IMF discusses role in Egypt

    Masood Ahmed, director of Middle East and Central Asia at the IMF, says that the IMF has two roles to play with Egypt, one of which is to provide dialogue and the other is to provide financial support.

  • IMF: Egypt has 'a long way to go'   Friday, 17 Apr 2015 | 11:50 AM ET
    IMF: Egypt has 'a long way to go'

    Masood Ahmed, director of Middle East and Central Asia at the IMF, says that Egypt has made a lot of improvements regarding energy subsidies and broader reforms, but still has "a long way to go."

  • WASHINGTON, April 17- The Greek financial crisis has helped make the mood at international financial talks in Washington this week "notably more gloomy," British finance minister George Osborne said on Friday. "It's clear now to me that a misstep or a miscalculation on either side could easily return European economies to the kind of perilous situation we saw...

  • IMF: Greek negotiations are complex   Friday, 17 Apr 2015 | 9:00 AM ET
    IMF: Greek negotiations are complex

    Poul Thomsen, director of the European department at the IMF, says that there has been no loss of patience when it comes to the Greek talks.

  • IMF: We expect to be paid on time   Friday, 17 Apr 2015 | 9:00 AM ET
    IMF: We expect to be paid on time

    Poul Thomsen, director of the European department at the IMF, says they have received no request from Greece to delay the IMF loan repayment.

  • It's all about inflation Friday Friday, 17 Apr 2015 | 5:59 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Friday's March consumer price index is more important since it is one piece of data traders say could change their assumptions on Fed policy.

  • MADRID— Tax agents spent a second day Friday searching the office of former International Monetary Fund chief Rodrigo Rato after he was briefly detained as part of a probe into alleged fraud and money laundering. Rato was Spain's economy minister and a deputy prime minister under conservative ex-Prime Minister Jose Maria Aznar between 1996 and 2004. He...

  • Here's the significance of China-led AIIB   Thursday, 16 Apr 2015 | 10:38 PM ET
    Here's the significance of China-led AIIB

    Eswar Prasad, senior professor of Trade Policy at Cornell University, says the Asian Infrastructure Investment Bank poses a "significant challenge" to the existing structure of global institutions.

  • To make it to SDR, yuan must be freely usable: Pro   Thursday, 16 Apr 2015 | 9:05 PM ET
    To make it to SDR, yuan must be freely usable: Pro

    Richard Harris, chief executive of Port Shelter Investment Management, says difficulties in the convertibility of the renminbi remain as obstacles to the currency's inclusion in the SDR currency basket.

  • Watch out for this topic at IMF meeting   Thursday, 16 Apr 2015 | 8:15 PM ET
    Watch out for this topic at IMF meeting

    Jim Rickards, chief global strategist at West Shore Funds, explains why the topic about including the yuan in SDR's basket could steal the limelight at upcoming IMF and World Bank meetings.

  • DIARY- Top Economic Events to April 29 Thursday, 16 Apr 2015 | 8:01 PM ET

    WASHINGTON- 2015 Spring Meetings of the World Bank Group and the International Monetary Fund. WASHINGTON- Institute for International Finance hosts International Capital Markets and Emerging Markets Roundtable. NEW YORK- Reserve Bank of Australia Governor Glenn Stevens speaks at an American Australian Association luncheon hosted by Goldman Sachs- 1630...

  • MADRID, April 16- The home and office of former International Monetary Fund chief Rodrigo Rato were searched on Thursday as part of a tax and money laundering investigation into his personal wealth, Spanish judicial officials said. Rato was quoted by news agency EFE as saying he had "confidence in Spain's judicial system" and had been helpful to officials who...