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International Organizations IMF

  • 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...

  • LISBON, Portugal— Portugal's government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again. That means Portugal has already paid back 13 billion euros to the IMF. Portugal neared bankruptcy in 2011...

  • BRUSSELS, Feb 20- Euro zone finance ministers will discuss on Monday what reforms Greece must make to release new loans from the bloc's governments and get the International Monetary Fund to join the bailout. But Belgian Finance Minister Johan Van Overtveldt said on entering the meeting that a deal with Greece should not be rushed because of the European...

  • Anti-austerity demonstrators hold up a giant Greek flag in front of parliament in Athens, July 22, 2015.

    It is a long shot to break the impasse on Greek debt at the Brussels meeting, but an agreement to continue talking could be the best outcome.

  • Greek debt can will be kicked down the road: Academic

    James Galbraith, professor at the University of Texas, says there's a fundamental difference in the way European creditors and the IMF see the Greek debt problem.

  • A farmer holds a Greek flag in front of the Greek Parliament during the protest against the government's tax and social security reforms on February 14, 2017 in Athens.

    It seems as if we have been here before: the euro zone fretting that a crisis with Greece will balloon out of all proportion.

  • Finance Minister Wolfgang Schaeuble (CDU) arrives for the weekly German federal Cabinet meeting on February 1, 2017 in Berlin, Germany.

    German Finance Minister Wolfgang Schaeuble denied that he had said Greece would have to leave the euro zone.

  • ULAANBAATAR, Mongolia— The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The Asian Development Bank, World Bank, Japan and South Korea are together expected to provide up to...

  • The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    The country has been roiled by an economic crisis since 2016 due to government overspending and declining revenues from commodity exports.

  • *IMF's position on Greece has not changed, spokesman says. WASHINGTON/ BERLIN, Feb 17- The International Monetary Fund declined to comment on a media report on Friday that it was likely to contribute up to 5 billion euros to a third bailout package for Greece, saying its views on the deal had not shifted. Germany's government, gearing up for what is forecast to be a...

  • BERLIN, Feb 17- The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. Earlier on Friday, a German Finance Ministry spokeswoman said Berlin considered it essential that the IMF participate. The Spiegel report said the IMF...

  • TBILISI, Feb 15- The International Monetary Fund starts a two-week mission to Georgia on Wednesday to discuss the possibility of a new IMF-backed program that could underpin economic reform and encourage investors. "The IMF mission will discuss the government's reform agenda and Georgia's macroeconomic prospects and challenges," Francois Painchaud, the...

  • TBILISI, Feb 15- The International Monetary Fund starts a two-week mission to Georgia on Wednesday to discuss the possibility of a new IMF-backed programme that could underpin economic reform and encourage investors. "The IMF mission will discuss the government's reform agenda and Georgia's macroeconomic prospects and challenges," Francois Painchaud, the...

  • BERLIN, Feb 15- The International Monetary Fund should stop making unreasonable demands from Greece if it wants to participate in the country's bailout, Finance Minister Euclid Tsakalotos said on Wednesday, urging the lender to act fast. "If the IMF wants to cooperate, it should make a quick decision and stop making unreasonable demands," he wrote in an opinion...

  • ACCRA, Feb 15- Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. With Ghana more than half way through a three-year International Monetary Fund programme, the new government must reveal in its first budget...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday voiced support for Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic...

  • *Germany backs Greece, wants it to remain in euro zone. BRUSSELS/ BERLIN, Feb 13- Germany on Monday backed Greece to stay in the euro zone and the European Commission dispatched a senior official to Athens to persuade it to take on further reforms to salvage its bailout accord. The moves came as the European Commission forecast a large jump in economic growth for...

  • DUBAI, Feb 13- The International Monetary Fund is doing the best it can to agree on bailout loans for Greece but cannot compromise its principles and cut a sweetheart deal for the country, IMF Managing Director Christine Lagarde said on Monday. Greece, the IMF and official European creditors are locked in a review of the country's bailout programme and need an...