GO
Loading...

IMF

More

  • Ireland cleared to pay IMF loans early after Swedish vote Wednesday, 19 Nov 2014 | 10:41 AM ET

    STOCKHOLM, Nov 19- The Swedish parliament on Wednesday said Ireland may pay back part of its bailout loans early to the International Monetary Fund, giving the final EU approval needed for Dublin to begin repayment. Ireland won agreement from Europe to pay the IMF before it repays aid from the European bailout funds and just needed the new Swedish government to...

  • ACCRA, Nov 19- Ghana hopes to seal a provisional agreement with the IMF on financial assistance this week and aims to cut its budget deficit to 6.6 percent of GDP in 2015 from more than 9.6 percent in 2014, a senior official told Reuters ahead of Wednesday's budget. In a measure of the fiscal problems, the government has overshot initial 2014 budget deficit and...

  • *Athens wants to exit bailout one year ahead of time. ATHENS, Nov 18- Greece is locked in tough negotiations with its foreign lenders, with "nerves stretched" on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout programme. Inspectors from the European Union and the International Monetary Fund...

  • IMF says to consider debt relief for Ebola-hit countries Thursday, 13 Nov 2014 | 10:58 AM ET

    WASHINGTON, Nov 13- The International Monetary Fund will discuss debt relief for Guinea, Liberia and Sierra Leone at the Group of 20 leaders meeting in Australia later this week as it considers further support for the countries most affected by the Ebola outbreak, an IMF spokesman said on Thursday. IMF spokesman Bill Murray declined to comment on a specific...

  • WASHINGTON, Nov 13- The International Monetary Fund on Thursday welcomed Russia's move to float the rouble, but warned it would not be enough to cushion the country's oil-dependent economy from the impact of falling crude prices. IMF spokesman Bill Murray said the decision by Russia's central bank to let the currency float this week should enhance its ability...

  • IMF says euro zone growth could be worse than expected Wednesday, 12 Nov 2014 | 4:00 PM ET

    WASHINGTON, Nov 12- The International Monetary Fund on Wednesday warned of downside risks to its growth projections for the euro zone, and urged the European Central Bank to act if prices in the currency bloc continue to drift lower. The IMF's warning echoes an increasing fear among global policymakers that Europe is not on track to spur economic growth,...

  • Pakistan postponed stake sale in energy firm after IMF nod Wednesday, 12 Nov 2014 | 12:48 AM ET

    ISLAMABAD, Nov 12- The last minute halt in the much-anticipated sale of state shares in Pakistan's largest energy firm was prompted by an unlikely source- the International Monetary Fund. The IMF has been encouraging Pakistan to reform the energy sector, expand the tax base and privatise loss-making state industries by making those conditions for a $6.7...

  • ANTANANARIVO, Nov 11- Madagascar needs to improve tax collection and invest in infrastructure to increase the pace of its economic recovery from the 3 percent growth expected this year, the International Monetary Fund said on Tuesday. The Indian Ocean island state, famed for its wildlife and eyed by foreign companies for its minerals, has struggled to lure back...

  • *Valuations may make Dubai bonds most vulnerable. Oil and gas production account for nearly half of economic output in the six Gulf Cooperation Council nations, some three-quarters of exports, and an even higher ratio of state revenues. Saudi Arabia may even post a budget deficit; the International Monetary Fund has estimated it will need an average oil price of...

  • Greek official: Markets are sending us a message Friday, 7 Nov 2014 | 4:07 PM ET
    A visitor walks beneath a display at the Athens Stock Exchange, Oct. 15, 2014.

    Greece's minister of public order said a recent rise in Greek interest rates is a warning that the country can't undo reforms.

  • PARIS, Nov 7- The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to encourage growth in their countries. Calling the world economy "fragile, brittle and fragmented", IMF Managing Director Christian...

  • IMF's Lagarde calls for rethink of EU fiscal goals Friday, 7 Nov 2014 | 11:48 AM ET

    PARIS, Nov 7- International Monetary Fund chief Christine Lagarde called on Friday for a reset of the European Union's fiscal targets to take into account the debt levels of its member countries.

  • *Greece spells out post-bailout hopes. ATHENS, Nov 5- Greece expects an interim period of up to a year of limited EU/IMF supervision when it quits its bailout programme at the end of the year, without the current "micro-management" by lenders, the finance minister told Reuters on Wednesday. The comments by Gikas Hardouvelis in his office overlooking Syntagma...

  • GREEK FINMIN SAYS ATHENS TO BE SET 10-15 REFORM BENCHMARKS IN INTERIM PERIOD, REPLACING CURRENT EU/IMF "MICROMANAGEMENT".

  • GREECE WANTS IMF TO REMAIN INVOLVED IN INTERIM PERIOD TO BOOST MKT CONFIDENCE, BUT WANTS EU TO HAVE UPPER HAND.

  • GREEK FINANCE MINISTER TELLS REUTERS ATHENS EXPECTS 6-12 MONTHS OF "INTERIM PERIOD" OF NEW RELATIONSHIP WITH EU/IMF AFTER BAILOUT EXIT AT YEAR-END.

  • DUBAI, Nov 5- The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water, a senior International Monetary Fund official told Reuters on Wednesday, in what would be a landmark move by the emirate. "We discussed it here at the policy level, particularly with the Abu Dhabi government, which indicated they are...

  • IMF gave richer countries wrong austerity advice Wednesday, 5 Nov 2014 | 2:28 AM ET
    The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The IMF ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis.

  • DUBLIN/ LONDON, Nov 4- Ireland raised 3.75 billion euros in 15- year debt on Tuesday as it took advantage of low interest rates to start refinancing some of its bailout loans from the International Monetary Fund with cheaper market funding. Ireland sold the new debt via syndication at a record-low yield of 2.49 percent, a level unthinkable just three years ago,...

  • WASHINGTON, Nov 4- The International Monetary Fund ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis, the IMF's internal auditor said on Tuesday. The Washington- based multilateral lender, concerned about high debt levels and large fiscal deficits, urged countries like Germany, the United...