International Organizations IMF

  • SHANGHAI, Sept 30- The yuan stayed flat versus the dollar on Friday, with onshore markets closed next week for a national holiday, and the International Monetary fund inducting the Chinese currency into its reserves basket, known as Special Drawing Rights, on Saturday. The People's Bank of China set the midpoint rate at 6.6778 per dollar prior to market open,...

  • Yuan SDR

    China has a lot of capital market reforms to do before it becomes a significant reverse currency, says Cornell University's Eswar Prasad.

  • BUENOS AIRES, Sept 28- Progress has been made in correcting imbalances in Argentina's economy but sustained growth would require more reforms, the International Monetary Fund said on Thursday after its first mission to the country in 10 years. The Sept. 19-29 visit came after President Mauricio Macri, who took office in December, threw open Argentina's economy...

  • BUENOS AIRES, Sept 28- An official at the International Monetary Fund on Thursday praised ongoing reforms in Argentina, hours before concluding the fund's first consultation in a decade in Latin America's third-largest economy. The visit from IMF officials comes as President Mauricio Macri, who took office in December, throws open Argentina's economy to...

  • IMF Managing Director Christine Lagarde

    IMF Director Christine Lagarde tells CNBC "more vigorous" growth policies need to be pursued by the world's largest economic powers.

  • Lagarde: Fed will determine best time to raise

    CNBC's Sara Eisen speaks with IMF Managing Director Christine Lagarde about whether the Federal Reserve should raise interest rates.

  • Lagarde: There will be consequences to Brexit

    CNBC's Sara Eisen speaks with IMF Managing Director Christine Lagarde about the effects of Brexit and whether anti-EU sentiment could spread.

  • Lagarde: IMF anticipates modest economic growth

    CNBC's Sara Eisen speaks with International Monetary Fund Managing Director Christine Lagarde about the IMF outlook for global growth and the U.S. economy.

  • Sept 28- U.S. stocks reversed course to trade lower in a choppy market on Wednesday, dragged down by healthcare stocks and as oil prices pared gains. Adding to the downbeat market sentiment was the lowering of the 2016 U.S. growth forecast by the International Monetary Fund. In a testimony before a Congressional committee, Federal Reserve Chair Janet Yellen said...

  • CHICAGO, Sept 28- International Monetary Fund Managing Director Christine Lagarde said on Wednesday the institution would lower its 2016 U.S. growth forecast again and called policies that restrict trade "economic malpractice" that would choke off growth. Lagarde, in prepared remarks at Northwestern University ahead of next week's IMF and World Bank annual...

  • IMF WILL LOWER ITS 2016 U.S.

  • PARIS— The French government has presented a 2017 budget plan that includes 1 billion euros in tax cuts expected to benefit 5 million low and middle-income households. The International Monetary Fund forecasts a more modest 1.2 percent growth next year. Finance minister Michel Sapin stressed Britain's decision to leave the European Union in June has "...

  • *IMF says Iraq must revise "too expensive" 2017 draft budget. The political infighting comes as major OPEC producer Iraq struggles to fill a public deficit left by the collapse in global prices for its crude exports. To replace missing oil revenue, Iraq has turned to the International Monetary Fund for a loan package, which would also serve as the basis for other...

  • Treasury Secretary Jack Lew said major emerging market countries should be better able to anticipate a U.S. interest rate hike because of the Federal Reserve's clear communications, a recapitalized International Monetary Fund and efforts to coordinate monetary and fiscal policies. Lew told Reuters in an interview late Monday that G20 finance ministers...

  • Immigrant advocacy members pray at the U.S.-Mexico border fence on May 1, 2016, in Tijuana.

    Immigration boosts economies but can cause social tensions and security concerns, the IMF has said, at a time when immigration is contentious in the U.S. and Europe.

  • MADRID, Sept 26- Crowds jeered at former International Monetary Fund chief Rodrigo Rato when he arrived at a Madrid court on Monday to face trial for his alleged misuse of company credit cards on extravagant personal expenses. Rato and 64 other executives and former board members from lender Bankia and its founding savings bank Caja Madrid are accused of...

  • MADRID— Protesters shouted insults at Rodrigo Rato, the former head of the International Monetary Fund, as he and 64 others entered court for a trial over the alleged misuse of corporate credit cards at a Spanish bank. Prosecutors are seeking a 4 ½ year jail term for Rato, 67, who headed Bankia group between 2010 and 2012.. Rato was IMF chief from 2004 to 2007 and a...

  • MOSCOW, Sept 23- A meeting between Russia and Ukraine's finance ministers on the sidelines of the International Monetary Fund annual meeting in Washington next month is still being negotiated, Russia Deputy Finance Minister Sergei Storchak said on Friday. Germany's Finance Minister Wolfgang Schäuble is brokering a meeting between Finance Minister...

  • ATHENS, Greece— The International Monetary Fund on Friday painted a bleak outlook for bailout-dependent Greece, where it said it expects unemployment to stay in the double digits for more than three decades. Greece's economy is under constant scrutiny from its bailout creditors, the IMF and European governments and institutions. They include an energy...

  • LISBON, Portugal— The International Monetary Fund is still worried about Portugal, saying in its latest report that the country is struggling with fragile economic growth, low investment, high public and corporate debt, and bad loans that are a burden on banks. The IMF notes that Portugal has accomplished "a major economic turnaround" since it needed a 78...