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  • 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...

  • Representatives from Greece's European creditors and the International Monetary Fund began talks in Athens with Greek officials. In return for money from the country's third bailout, which was agreed last summer and is worth around 80 billion euros, Greece's left-led government has to meet a series of conditions, from reducing spending to enacting...

  • WASHINGTON, Jan 29- The International Monetary Fund said on Friday it is leaving the door open to large bailout loans for countries with questionable ability to repay debt, but has revised its rules for such rescues. Last week, the IMF ended the 2010 lending exemption that allowed major bailout loans to Greece, Ireland and Portugal and helped to ease a European...

  • ASTANA, Jan 29- Kazakhstan has no plans to seek International Monetary Fund financing despite a drop in government revenues caused by the oil price crash, National Economy Minister Yerbolat Dosayev said on Friday. "No, we are not and we do not plan any," Dosayev told reporters, when asked if the Central Asian oil exporter could follow the example of Azerbaijan, which...

  • BEIJING, Jan 28- China will keep the yuan "basically stable" and improve communication with financial markets on the currency, Premier Li Keqiang told International Monetary Fund chief Christine Lagarde on Thursday. Li said China had kept the yuan basically stable against a basket of currencies and there was no basis for continued yuan depreciation, according...

  • BEIJING, Jan 28- Chinese Premier Li Keqiang told International Monetary Fund chief Christine Lagarde that China is capable of keeping the yuan basically stable against a basket of currencies, state television said on Thursday.

  • Oil producer Azerbaijan in talks for international aid Thursday, 28 Jan 2016 | 6:29 AM ET

    BAKU, Azerbaijan— Representatives from the International Monetary Fund and World Bank arrived in Azerbaijan on Thursday to discuss financial support for the oil producing country's ailing economy. "The World Bank and the IMF are in active dialogue with the government of Azerbaijan, discussing both immediate and longer-term measures in response to the...