ECB president, Mario Draghi, responds to IMF calls for the ECB to provide more stimulus.» Read More
SYDNEY, Feb 24- The Group of 20' s proposal to lift economic activity by 2 percent over the next five years has so many holes in it, there's no wonder it was the first official target that all members felt happy to agree on. The International Monetary Fund has said it will be watching for progress on the plans, but it has no power to compel or punish.
Christine Lagarde, Managing Director of the International Monetary Fund, says the G-20 communiqué may have a good chance of succeeding. CNBC's Oriel Morrison reports.
WASHINGTON, Feb 21- The United States has assured Ukraine it will have "strong support" from Washington in seeking an IMF-backed economic program to stabilize the country's economy after months of crippling street violence, a State Department official said on Friday.
MUMBAI, Feb 20- The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. RBI Governor Raghuram Rajan, a former IMF chief economist, has raised the key repo rate by 75 basis points to 8.00 percent since becoming head of India's central bank in September.
SAN FRANCISCO, Feb 19- The Ukraine's fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday. "At the core they have an economic crisis and they are going to need to deal with it," Lew told a conference hosted by the World Affairs Council.
WASHINGTON, Feb 12- The International Monetary Fund's board on Wednesday said Portugal was on track with the conditions of its bailout program, and gave the euro zone country about 910 million euros. Portugal has so far gotten about 25 billion euros of the 26.9 billion euros the Fund pledged over three years to help Lisbon deal with a debt crisis, the IMF said.
CNBC's Steve Liesman reports that the International Monetary Fund says recent events in emerging markets show a need for coherent macroeconomic and financial policies.
BRASILIA, Jan 30- Latin America is in a better position now to handle a resurgence in global market turbulence, but policymakers need to stay alert and use sound policies to tackle any spillovers, the International Monetary Fund said on Thursday.
SINGAPORE, Jan 29- Gold extended losses to a third session on Wednesday as investors turned jittery ahead of the U.S. *Kazakhstan lifted its gold reserves by 2.39 tonnes in December, data from the International Monetary Fund showed. Ukraine added 0.6 tonnes to its gold reserves, Belarus 0.9 tonnes and Azerbaijan just under 1 tonne.
WASHINGTON, Jan 28- The volatility in world markets is being caused by problems in particular developing countries and not linked to the U.S. Federal Reserve's decision to reduce its monetary stimulus, the International Monetary Fund's top financial counselor said.
WASHINGTON, Jan 28- The recent volatility in world markets is due to problems in particular developing countries and not linked to the U.S. Federal Reserve's decision to start tapering its massive monetary stimulus, the IMF's top financial counselor said on Tuesday.
AMMAN, Jan 26- Jordan must persist with economic reforms to ensure its economy keeps growing and its budget deficit is under control, the central bank governor said, warning against slackening as financial pressures ease and political pressures mount.
DAVOS, Switzerland, Jan 25- Euro zone inflation is "way below target" and deflation is a potential risk for the bloc, International Monetary Fund Managing Director Christine Lagarde told the World Economic Forum in Davos on Saturday.
WASHINGTON, Jan 23- The International Monetary Fund plans to visit Tehran later this week for its first regular assessment of Iran's economy in more than two years, IMF spokesman William Murray said on Thursday.
WASHINGTON, Jan 21- Myanmar is set to grow 7.5 percent during the current fiscal year, and about 7.7 percent in the next, the IMF said on Tuesday, as services and manufacturing expand in one of Southeast Asia's fastest-growing economies. The International Monetary Fund last predicted Myanmar would grow just under 7 percent this year.
The world economy will grow by more than previously expected this year, the International Monetary Fund forecast on Tuesday.
NEW YORK, Jan 21- The dollar strengthened on Tuesday in tandem with U.S. Developed market currencies were given a boost after the International Monetary Fund raised its global economic growth forecast to 3.7 percent in 2014 from 3.6 percent in October, its first increase in estimates in near two years.
Olivier Blanchard, chief economist at the IMF, explains that better economic conditions in advanced economies are the main reason behind the IMF's global growth upgrade.
*IMF bumps up its 2014 growth projections. WASHINGTON, Jan 21- The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.
WASHINGTON, Jan 21- The IMF's chief economist said on Tuesday he does not expect the U.S. Federal Reserve to withdraw its massive monetary stimulus too early.