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International Organizations IMF


  • LIMA, Oct 9- The world's rich countries most likely will be able to reach the goal of providing $100 billion a year by 2020 to help poor countries combat and adapt to climate change, as the result of increased pledges made in Lima, key ministers said on Friday. "This bodes well for meeting the goal of $100 billion," French Foreign Minister Laurent Fabius told a news...

  • LIMA, Oct 9- China made a fresh push for its yuan currency to be included in the International Monetary Fund's benchmark currency basket on Friday and argued that recent reforms put it closer to qualifying. Beijing is pushing for the yuan, also known as the renminbi, to be included in the IMF's Special Drawing Rights basket as part of its long-term strategic goal of...

  • LIMA, Peru— The world's top finance officials lavished praise on Peru's "economic miracle" this week, lauding it for cutting poverty by half during a decade-long bonanza of record-high prices for gold, copper and other metals it mines. In a gleaming $160 million convention center built for the meeting of the World Bank and International Monetary Fund,...

  • Eurozone outlook looks good: S&P

    Paul Sheard, chief global economist at Standard & Poor's explains why the Grexit resolution and the ECB’s QE has helped the euro zone.

  • LONDON— The International Monetary Fund says Iceland has repaid all of its remaining obligations— ahead of schedule— as the island nation presses on with its recovery following its economic collapse seven years ago. The IMF said Friday that Iceland repaid $332 million, ending the rescue program that began in the 2008 financial crisis when the...

  • IMF leaders meet in Peru

    Finance ministers and central bank governors gather in Lima, Peru for the 2015 IMF World Meeting. Discussions center on the slowdown in emerging economies and the role of the U.S. consumer to prompt global recovery. CNBC's Geoff Cutmore reports.

  • Refugee crisis has fiscal implications: Dombrovskis

    Valdis Dombrovskis, European Commission’s vice president for euro & social dialogue, acknowledges the EU needs to recognize the financial effects of the refugee crisis.

  • Must make EU’s financial system more robust: VP

    Valdis Dombrovskis, European Commission’s vice president for euro and social dialogue, outlines how the European Commission is supporting Europe’s financial sectors.

  • VW must fix scandal fast: Dijsselbloem

    With consumers being more critical nowadays, Volkswagen must fix this scandal quickly or lose consumer trust, says Eurogroup president, Jeroen Dijsselbloem.

  • Valdis Dombrovskis, the European Commission's vice president.

    Lower oil prices and a fall in the value of the euro will boost the European Union's (EU) economy.

  • Rupiah, ringgit rally unsupported by fundamentals: ANZ

    The rally in the rupiah and ringgit is not sustainable and should consolidate around current levels in a best case scenario, says Khoon Goh, senior FX strategist at ANZ.

  • LIMA, Oct 8- Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting. Federal Reserve and the Bank of England, are holding their fire. For both the Fed and the Bank of England,...

  • Treasury sec: Congress needs to act to avoid crisis Thursday, 8 Oct 2015 | 7:04 PM ET
    U.S. Treasury Secretary Jack Lew

    The world's confidence in the U.S. could disappear quickly if Congress falters with economic issues.

  • Youth unemployment crisis is ‘far from over’: ILO Thursday, 8 Oct 2015 | 4:01 PM ET
    People stand in line to enter a job fair in New York.

    Global youth unemployment rates may be making a mild recovery but only a few young adults are looking forward to good career prospects, says ILO.

  • "The exact timing of the Fed move is not decisive for the timing of the move by the Bank of England," Carney said in a seminar at the annual meeting of the International Monetary Fund. Carney made the point that in the five rate cycles since Britain adopted inflation targeting, the Bank of England moved before the Fed in two of them. Asked if the market was right in...

  • IMF's Lagarde says open to a second term if called Thursday, 8 Oct 2015 | 3:28 PM ET

    LIMA, Oct 8- International Monetary Fund Managing Director Christine Lagarde said on Thursday she is open to serving a second term at the helm of the global lender. "I'm certainly open to the fact that it would not be my last annual meeting, but this is not for me to decide, it's for the membership," she said at a press conference during the Fund's annual meeting in Lima,...

  • LIMA, Peru— The last time the IMF held its annual meetings in Latin America, Ernesto "Che" Guevara was trying to spread Cuba's revolution throughout the hemisphere and much of the region was under the thumb of repressive dictatorships. And many governments, even some leftist ones like Bolivia and Ecuador that are hostile in rhetoric to the so-called Washington...

  • UPDATE 1-IMF's Lagarde sees tough policy trade-offs Thursday, 8 Oct 2015 | 1:20 PM ET

    LIMA, Oct 8- International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, presenting a Global Policy Agenda at the fund's annual meeting in Peru, said a recovery in the...

  • New IMF forecasts this week saw no change to the Fund's projections on China. "I think the probability of a major decrease in growth in China is small." The IMF's forecast of 6.8 percent growth this year in China and 6.3 percent in 2016 stuck out in a week in which U.S. bank Citi's renowned economist Willem Buiter suggested the world economy could be pulled into a...

  • IMF warns of risk of global financial crisis Thursday, 8 Oct 2015 | 10:40 AM ET
    IMF warns of risk of global financial crisis

    The IMF is warning of a financial crisis as emerging economies slow, with CNBC's Geoff Cutmore.