International Organizations IMF

  • CHISINAU, Moldova— Romania's prime minister says his country has paid 60 million euros to Moldova, the first part of a larger loan, and urged the government to continue making reforms. In July, the International Monetary Fund reached an agreement with Moldova for a $179 million, 3- year loan arrangement conditional on the government carrying out reforms.

  • *Europe's biggest economy grew 0.4 pct q/q in Q2. BERLIN, Aug 24- Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut taxes or increase spending. But the International Monetary Fund and other euro zone governments have...

  • NEW DELHI/ MUMBAI, Aug 20- Reserve Bank of India insider Urjit Patel won a promotion to run the central bank on Saturday with a mandate to cement the bank's commitment to keeping inflation low, as the tenure of the man he is replacing draws to a turbulent conclusion. Raghuram Rajan, a former International Monetary Fund chief economist feted as a "rock-star" central...

  • NEW DELHI/ MUMBAI, Aug 20- India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as governor for a three-year term, endorsing the central bank's reformist inflation-fighting agenda. Patel will replace Raghuram Rajan, a former International Monetary Fund chief economist popular with...

  • NEW DELHI/ MUMBAI, Aug 20- India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as governor for a three-year term, endorsing the central bank's reformist inflation-fighting agenda. Patel will replace Raghuram Rajan, a former International Monetary Fund chief economist popular with...

  • MUMBAI, Aug 20- India's government promoted Urjit Patel, a deputy governor in charge of monetary policy at the Reserve Bank of India, to serve as its next governor for a three-year term, it said on Saturday. Patel will replace Raghuram Rajan, a former International Monetary Fund chief economist who stunned financial markets in June by announcing he would step down...

  • NEW DELHI, Aug 18- No decision has yet been reached to appoint India's next central bank governor, Finance Minister Arun Jaitley said on Thursday, 18 days before the incumbent is due to stand down. A senior aide to Prime Minister Narendra Modi said he was "expected to make up his mind very soon" on replacing Raghuram Rajan, the former International Monetary Fund chief...

  • WEDNESDAY, AUGUST 17 JOHANNESBURG- J.P Morgan conference call with SARB Deputy Governor Kuben Naidoo, who will share his views on South Africa's financial outlook with regard to recovery, interest rates and reforms- 1030 GMT. BEIJING- China's Commerce Ministry holds its regular briefing- 0200 GMT. SINGAPORE- International Monetary Fund and the Sim Kee Book...

  • WASHINGTON, Aug 12- South Korea should use fiscal policy to support its economy in the face of a number of structural headwinds, the International Monetary Fund on Friday. South Korea, the fourth largest economy in Asia, faces several structural constraints in the future, the IMF said. It called on South Korea to contain risks from rising household debt by...

  • General heavy traffic at Kanglecun, one of the urban villages in Guangzhou, China.

    China’s once-stellar economic growth will grind lower for the next five years and will fall below 6 percent in 2020, the IMF forecast on Friday.

  • BEIJING, Aug 12- The International Monetary Fund on Friday said China needed to slow its unsustainable credit growth and stop financing weak firms. "China's corporate debt is still manageable, but at approximately 145 percent of GDP, it is high by any measure," said James Daniel, IMF Mission Chief for China, in the fund's annual review of the country.

  • BEIJING, Aug 12- The International Monetary Fund on Friday said China's policymakers should shift away from economic growth targets for it to improve the quality of its stimulus. "The practice of setting annual growth targets has fostered an undesirable focus on short-term, low-quality stimulus measures," the IMF said in its annual review on China.

  • Indian Prime Minister Narendra Modi (L) and Chinese President Xi Jinping (R).

    China and India, the two most populous countries in the world and Asia's economic giants, have had a chequered history.

  • Egyptian women are seen as they buy vegetables in an open-air marketplace in Cairo, Egypt.

    The IMF has agreed in principle to grant Egypt a $12 billion three-year loan facility.

  • CAIRO, Aug 11- The International Monetary Fund has agreed in principle to grant Egypt a $12 billion three-year loan facility, to support a government reform programme aimed at plugging a budget gap and rebalancing the currency markets. "Egypt is a strong country with great potential but it has some problems that need to be fixed urgently," the head of the IMF's...

  • CAIRO, Aug 11- The International Monetary Fund said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion three-year funding facility to support a government reform program aimed at plugging a funding gap and rebalancing the currency market. "Egypt is a strong country with great potential but it has some problems that need to be fixed...

  • *IMF official Chris Jarvis says level of public debt in Egypt is concerning, goal of IMF-backed government reform programme is to bring it down.

  • CAIRO, Aug 11- The International Monetary Fund said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion three-year funding facility to support a government reform program aimed at cutting the funding gap and improving the currency market. The deal is subject to approval by the IMF executive committee which is expected to consider...

  • CAIRO, Aug 11- Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending programme and will make an announcement on Thursday, two government sources said. The sources said no deal had been signed yet but that intensive talks with an IMF delegation that arrived in Cairo on July 30...

  • MUMBAI, Aug 9- Conducting his last policy review on Tuesday as head India's central bank, Raghuram Rajan kept key interest rates unchanged to cool inflation running near two year highs, while urging the government to form a panel for the next review in October. The much admired former International Monetary Fund chief economist is due to step down as RBI governor...