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International Organizations IMF

  • WASHINGTON, Feb 23- The International Monetary Fund on Thursday urged Nigeria to step up its economic reform efforts before the opportunity for reforms becomes more limited. "Urgency is needed in implementing a coherent and credible package of monetary, fiscal and structural policies as the window for bold reforms is closing as the 2019 elections are...

  • TREASURY SECRETARY MNUCHIN SPOKE ABOUT GREECE AS PART OF WIDE-RANGING PHONE CALL EARLIER THIS WEEK, DECLINES COMMENT ON SPECIFICS.

  • IMF SPOKESMAN SAYS NIGERIAN AUTHORITIES HAVE NOT APPROACHED IMF FOR A PROGRAM, BUT STANDS READY TO HELP SHOULD NIGERIA MAKE A REQUEST FOR FINANCIAL ASSISTANCE.

  • IMF SPOKESMAN SAYS IMF PARTICIPATION ON GREECE IS CONTINGENT ON DISCUSSIONS WITH OTHERS ON ECONOMIC REFORM POLICIES AND DEBT RELIEF.

  • WASHINGTON, Feb 23- The International Monetary Fund will only consider a financial contribution to the bailout program for Greece after there has been full discussion on economic reforms and debt restructuring, IMF spokesman Gerry Rice said on Thursday.

  • MADRID— Spain's National Court has sentenced Rodrigo Rato, a former head of the International Monetary Fund, to 4 ½ years in prison for misusing a Spanish bank's corporate credit card. The court convicted Rato of unlawful misappropriation of funds during his 2010-12 leadership of Bankia, a bank that later had to be bailed out. Rato was IMF chief from 2004 to 2007...

  • BERLIN— International Monetary Fund head Christine Lagarde said after talks with Chancellor Angela Merkel in Berlin that she sees no need for a "haircut" of Greek debt but that Athens needs to make "significant progress" on reforms. Athens agreed Monday to implement further reforms beginning in 2019, after the country's current third bailout has ended.

  • Treasure Secretary Steven Mnuchin has reassured International Monetary Fund chief Christine Lagarde that he wants to work with the global lender and has expressed an interest in financial stability, the IMF boss said on Wednesday.

  • BERLIN, Feb 22- Greece doesn't need a debt haircut at the moment, International Monetary Fund Chief Christine Lagarde said on Wednesday, adding that debt restructuring and interest rate cuts on bailout loans were necessary. She said Greece should implement pension and income tax reforms demanded by the IMF as a condition for taking part in a bailout program.

  • LISBON, Portugal— Portugal is finding it hard to please the International Monetary Fund. Despite fighting its way out of a financial crisis, cutting the budget deficit to its lowest level in more than 40 years and boosting growth through exports, the IMF says Portugal must do more. The IMF said in a report Wednesday that Portugal must reduce its government and...

  • NEW DELHI, Feb 22- The cost of recapitalising India's struggling banks would be affordable even under a negative scenario, the International Monetary Fund said on Wednesday, urging government steps to strengthen the financial system. Weighing into a renewed debate on tackling India's $130 billion in stressed loans, the IMF said "recapitalisation costs...

  • NEW DELHI, Feb 22- The cost of recapitalising India's struggling banks would be affordable even under a negative scenario, the International Monetary Fund said on Wednesday, urging government steps to strengthen the financial system. Weighing into a renewed debate on tackling India's $130 billion in stressed loans, the IMF said "recapitalisation costs...

  • As President Donald Trump pursues an "America First" agenda aimed at reversing chronic trade deficits with China, Mexico, Germany and other major trading partners, some are concerned his administration could back away from pledges to maintain an open global trading system. "I believe the Trump administration will try to leverage the IMF and the G20 to help...

  • In a phone call with Lagarde, the spokesperson said, Mnuchin also "noted the importance that the administration places on boosting economic growth and jobs in the United States, and looked forward to robust IMF economic policy advice on its member countries and tackling global imbalances." The conversation comes as officials from the Group of 20 major...

  • Steven Mnuchin

    Mnuchin also "noted the importance that the administration places on boosting economic growth and jobs in the United States.

  • Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde on Tuesday that he expects the IMF to provide "frank and candid" analysis of exchange rate policies, a Treasury spokesperson said.

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...

  • ATHENS, Feb 21- When asked what he thought about the prospect of yet more austerity to be imposed on Greece by its international creditors, Nicos Papapetrou was fairly short. "I had better stop... because I will start swearing," 49- year old Papapetrou, a shop assistant in Athens said. Athens and its creditors- the euro zone and International Monetary Fund- agreed on...