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International Organizations IMF

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  • WASHINGTON, July 30- The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a...

  • WASHINGTON— The International Monetary Fund official cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief, a fund official said Thursday. Briefing reporters on condition of anonymity, the official said Greece needs to commit to reforms and creditors must provide debt...

  • WASHINGTON, July 30- The International Monetary Fund will not reach a deal on a new debt program with Greece until Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.

  • Not the big beasts in the core, but the once-struggling peripheral economies of Spain and Ireland. Spain and Ireland have suffered badly over the past few years as their banks have creaked under the weight of lending into now-burst housing bubbles. Ireland was bailed out by the European Union and International Monetary Fund.

  • WASHINGTON, July 30- The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday. The FT report, citing a confidential summary it obtained of the IMF...

  • SHANGHAI, July 30- China's yuan slipped on Thursday as corporates bought dollars after the central bank set the daily guidance rate weaker, traders said. Beijing appears to want a stable currency so that the market has more confidence in it, increasing the chances of the International Monetary Fund including it in its Special Drawing Right basket and...

  • Greek debt restructuring is inevitable, says IMF chief Wednesday, 29 Jul 2015 | 11:08 AM ET

    WASHINGTON, July 29- Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

  • IMF's Lagarde: World economy fragile, faces downside risks Wednesday, 29 Jul 2015 | 10:01 AM ET

    WASHINGTON— International Monetary Fund chief Christine Lagarde says the world economy is recovering but fragile and "faces some downside risks." In an online press conference Wednesday, Lagarde described the United States "a strong performer" and China "resilient" despite a recent drop in Chinese stock prices. She said Greece needs to enact reforms that will...

  • Greece's Tsipras: party rebels could force early election Wednesday, 29 Jul 2015 | 7:16 AM ET

    ATHENS, Greece— Greece's prime minister sought to contain a deepening rift in his radical left Syriza party Wednesday, warning rebels that he would have to call early elections if they keep opposing key reforms demanded for a new international bailout. Representatives of Greece's creditors— its European Union partners and the International Monetary Fund—...

  • *Cool economic winds blow in from China. BRUSSELS/ FRANKFURT, July 27- The International Monetary Fund warned on Monday that the euro zone's prospects were modest and that more money printing than planned may be needed. Worries about the global economy, prompted by a slowdown in China where shares slid more than 8 percent on Monday, are weighing on many countries in...

  • BRUSSELS, July 27- Euro zone growth will be subdued over the medium term and the European Central Bank may need to extend its money-printing programme for longer than planned, the International Monetary Fund said on Monday. Mahmood Pradhan, deputy director of the IMF's European department, said the ECB needed to carry out its quantitative easing programme,...

  • ATHENS, Greece— Cyprus' creditors say the bailed-out country is on the path to economic recovery after years of recession but that it needs to follow through on structural reforms to lock in progress made and keep growth on an upward trajectory. The European Union and the International Monetary Fund said Monday the fiscal targets for the first half of 2015 have...

  • ATHENS, Greece— Greece and rescue lenders are still working out the format of upcoming talks, the labor minister said Sunday, confirming a delay in the negotiations for a third international bailout. Bailout negotiators from the European Commission, European Central Bank, and International Monetary Fund had been due to start arriving in Athens last Friday to...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to start on Monday...

  • ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • Greek bailout talks to start on Monday after delay Saturday, 25 Jul 2015 | 8:01 AM ET

    ATHENS, July 25- Talks between Greece and its international creditors over a new bailout package should go ahead on Monday after logistical issues that delayed meetings this week are resolved, a Greek official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund had been expected...

  • ATHENS, July 25- The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington- based fund said in an interview broadcast on Saturday. "There are more and more eminently qualified people from outside Europe and the United States and I...

  • IMF confirms receiving Greek request for new loan Friday, 24 Jul 2015 | 7:49 PM ET

    WASHINGTON, July 24- The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility. The Greek Finance Ministry said earlier on Friday that Greece had formally submitted a request to the IMF for the new loan facility. Greece is due to begin talks with European Union and IMF lenders on a new bailout deal.

  • IMF SAYS IT WILL DISCUSS "TIMING AND MODALITIES OF THE DISCUSSIONS" WITH GREEK AUTHORITIES AND ITS EUROPEAN PARTNERS.

  • IMF CONFIRMS IT HAS RECEIVED GREEK LETTER SEEKING NEW LOAN FACILITY.