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  • KIEV, Feb 10- Ukraine could lose a $17.5 billion bailout from the International Monetary Fund unless it speeds up political reforms and curbs corruption, the IMF's head said on Wednesday. It is vital that Ukraine's leadership acts now to put the country back on a promising path of reform. " Ukraine's other Western backers have warned it not to repeat the mistakes of...

  • KIEV, Feb 10- Ukraine must enact promised reforms and root out corruption or risk losing the support of the International Monetary Fund, IMF chief Christine Lagarde said on Wednesday. The warning follows the shock resignation last week of economy minister, Aivaras Abromavicius, which highlighted deep divisions within the ruling coalition and the patchy...

  • MOSCOW— The head of the International Monetary Fund warned Ukraine on Wednesday that the organization would be unable to keep supporting the country financially if it doesn't step up its reform efforts. Ukraine relies on funding from the IMF and international donors as it battles deep economic problems, in large part resulting from the conflict in the...

  • KIEV, Feb 10- Ukraine must enact promised reforms and root out corruption or risk losing the support of the International Monetary Fund, its head, Christine Lagarde, said in a statement on Wednesday. "I am concerned about Ukraine's slow progress in improving governance and fighting corruption, and reducing the influence of vested interests in policymaking," she...

  • MOSCOW, Feb 9- Russia will support the candidacy of Christine Lagarde for her second term as the managing director of the International Monetary Fund, Russian Finance Minister Anton Siluanov said on Tuesday. "Christine Lagarde has shown to be an effective leader in a difficult period for the world economy and for the Fund itself," Siluanov said.

  • ATHENS, Feb 9- Greece and its international lenders must conclude a first assessment of the country's bailout reforms as quickly as possible, the government spokeswoman said on Tuesday. Talks between the mission chiefs from the European Union, International Monetary Fund, European Central Bank and the euro zone's bailout fund on reviewing Greece's progress...

  • China FX reserves fall $99.5 bln in Jan Saturday, 6 Feb 2016 | 8:29 PM ET

    BEIJING, Feb 7- China's foreign exchange reserves, the world's largest, fell by $99.5 billion in January, the central bank said in a statement on Sunday. China's gold reserves rose to $63.57 billion at the end of January, from $60.19 billion at the end of 2015, the People's Bank of China said on its website. China's International Monetary Fund reserve position was at...

  • UPDATE 1-Tajikistan seeks IMF assistance - report Friday, 5 Feb 2016 | 6:41 AM ET

    ALMATY, Feb 5- Tajikistan, hit hard by spillover from Russia's economic woes, is in talks with the International Monetary Fund on financial aid, Tajik state news agency Khovar reported on Friday citing government and Fund officials. The IMF resident representative office in Tajikistan had no immediate comment. According to IMF data, Tajikistan most recently...

  • For debt-hobbled, unemployment-plagued Greece, it's a nightmare. Unions are up in arms about the move, which has become the main hurdle in Greece's negotiations with its European creditors and the International Monetary Fund. The head of Greece's bar associations, Vassilios Alexandris, said the new system would reduce some lawyers' net incomes to as little as...

  • WASHINGTON, Feb 4- China can avoid a "hard landing" if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, International Monetary Fund Managing Director Christine Lagarde said on Thursday. "China is going through that massive, multi-faceted transition and we do not expect a hard landing...

  • WASHINGTON, Feb 4- International Monetary Fund Managing Director Christine Lagarde said on Thursday that low oil and commodities prices would continue for some time, and the Fund will consider strengthening and broadening its array of precautionary financing instruments. In a speech at the University of Maryland, Lagarde said that advanced economies...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • ISLAMABAD, Feb 4- The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded in 2013, though the disbursement still requires IMF board approval. Once the latest disbursement is made the IMF will still have to release $1.1 billion of the total $6.7 billion...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • Unemployment has steadily improved since peaking at 15.1 percent in 2012, months before Ireland exited dependence on European and International Monetary Fund loans. Ireland faced bankruptcy in 2010 as the cost of rescuing six domestic banks crippled the country's ability to finance itself. The bailout gave Ireland time to restructure banks, repair its...

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • Spain: Ex-IMF boss to stand trial in bank card probe Monday, 1 Feb 2016 | 10:10 AM ET

    MADRID— Spain's National Court says it will try Rodrigo Rato, the former head of the International Monetary Fund, and 65 others for alleged misuse of corporate credit cards issued by Spain's Bankia group. The court said in a statement Monday that there were signs of fraudulent administration and misappropriation of bank funds by the accused in the use of the "...

  • MADRID, Feb 1- Spain's High Court said on Monday it will open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the center-right People's Party, has denied wrongdoing in...