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International Organizations IMF

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  • 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.

  • ATHENS, Greece— Greece on Friday invited the International Monetary Fund to participate in its negotiations with European creditors over a vital third bailout— talks that are expected to start next week after a few days' delay and must conclude before Greece faces another big repayment Aug. 20. In a statement Friday evening, the IMF confirmed it had received...

  • IMF's verdict on Japan: More needs to be done Thursday, 23 Jul 2015 | 6:38 PM ET
    IMF's verdict on Japan: More needs to be done

    Kalpana Kochhar, deputy director of Asia and Pacific department at IMF, says Japan needs to step up on accumulating labor, capital and improving productivity.

  • WASHINGTON, July 23- A further rise in the U.S. dollar as the monetary policy gap between the United States and other major economies widens could have a significant negative impact on other countries, the International Monetary Fund warned on Thursday. In its annual spillovers report, the IMF said lower oil prices, more monetary stimulus in the euro zone and...

  • Pew: Chinese stay optimistic in an otherwise gloomy world Thursday, 23 Jul 2015 | 10:01 AM ET

    WASHINGTON— Maybe someone should tell the Chinese their economy is slowing. The Pew Research Center finds that a world-beating 90 percent of Chinese say their economy is good. According to the International Monetary Fund, China's economic growth will decelerate this year to the slowest pace since 1990: 6.8 percent, down from 7.4 percent in 2014. But Pew found...

  • TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. "With the depreciation of the yen... further monetary easing without bold structural reforms and a credible medium-term plan could...

  • IMF warns Japan must avoid over-reliance on weak yen Thursday, 23 Jul 2015 | 8:59 AM ET

    TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. The IMF said further declines in the yen relative to its 2014 average was beneficial for Japan's economy. Premier Shinzo Abe's...

  • BEIJING, July 22- The International Monetary Fund has told China about its concern over investors' ability to enter or leave Chinese financial markets as they wish, said sources with direct knowledge of the matter. Those worries were raised last month when the IMF met with Chinese officials in China to discuss the chances of including the yuan in the fund's...

  • KIEV, July 22- Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday he expected the International Monetary Fund to make a decision on the disbursal of a second tranche of financial aid worth $1.7 billion on July 31. Ukraine has so far received $5 billion from the International Monetary Fund, out of an overall pledge of $17.5 billion.

  • S&P upgrades Greece to CCC+, outlook stable Tuesday, 21 Jul 2015 | 2:26 PM ET
    People are given priority tickets by a National Bank branch manager as they wait to enter the bank in Athens, Greece July 20, 2015.

    Greece's commitments may be long-term "unsustainable," S&P said, adding that the chances of a Grexit remain higher than one in three.

  • WASHINGTON, July 20- The International Monetary Fund on Monday named as its new chief economist Maurice Obstfeld, an academic and White House economic adviser known for his work on money flows and international finance. Obstfeld, currently on leave from the University of California, Berkeley to serve on President Barack Obama's Council of Economic Advisers,...

  • Greece reopened its banks and ordered billions of euros owed to international creditors to be repaid- the first cautious sign of a return to normal after weeks of negotiations with its euro zone partners over a cash-for-reform deal. Greece has initiated payment of a total 6.25 billion euros to the ECB and the International Monetary Fund, Finance Ministry...

  • IMF picks White House adviser as chief economist Monday, 20 Jul 2015 | 11:06 AM ET

    WASHINGTON— The International Monetary Fund plans to name White House economic adviser Maurice Obstfeld as its chief economist. Obstfeld, who is on leave from the University of California, Berkeley, replaces the retiring Olivier Blanchard. Obstfeld has written two influential textbooks on international economics, one with Nobel Prize winner and New York...

  • Greece clears IMF arrears Monday, 20 Jul 2015 | 11:00 AM ET
    Greece clears IMF arrears

    Marino Valensise,head of multi-asset at Baring Asset Management, talks about the future of Greece as its banks reopens and it repays the IMF.

  • IMF says Greece repaid arrears worth 2 bln euros Monday, 20 Jul 2015 | 10:40 AM ET

    WASHINGTON, July 20- Greece has repaid its arrears to the International Monetary Fund, worth about 2 billion euros, IMF communications director Gerry Rice said on Monday. "Greece is therefore no longer in arrears to the IMF," he said in a statement. "As we have said, the Fund stands ready to continue assisting Greece in its efforts to return to financial stability and...

  • Greece: Not so happy Monday! Monday, 20 Jul 2015 | 9:08 AM ET

    Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.

  • European Union officials hope Greece's third bailout deal will be in place by mid-August when Athens needs to make debt redemption payments to the European Central Bank. Greece has initiated the process for the payment of a total 6.25 billion euros to the ECB and the International Monetary Fund, Finance Ministry officials told Reuters.