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International Organizations IMF

  • CAIRO, May 12- The International Monetary Fund said on Friday it had reached a staff-level agreement with Egypt on a second loan installment that would make available about $1.25 billion. In a statement at the conclusion of an IMF mission to Egypt, team leader Chris Jarvis said: "The IMF staff team and the Egyptian authorities have reached a staff-level agreement...

  • IMF SAYS IT HAS REACHED STAFF LEVEL AGREEMENT FOR SECOND LOAN INSTALMENT TO EGYPT.

  • BARI, Italy, May 12- The International Monetary Fund and euro zone government lenders need more time to reach an agreement on debt relief for Greece because the euro zone is still not sufficiently clear in its intentions, IMF chief Christine Lagarde said on Friday. Top euro zone officials and Lagarde met on Friday on the sidelines of a G7 finance ministers meeting...

  • BARI, Italy, May 11- Top euro zone and International Monetary Fund officials will discuss debt relief for Greece early on Friday, on the sidelines of a meeting of G7 finance ministers and central bankers in the Italian city of Bari, officials said. The meeting is to help determine how euro zone lenders, who hold half of Greek public debt, should firm up their...

  • MADRID— Spain's National Court recommends former IMF chief Rodrigo Rato and 31 others should stand trial for fraud and falsifying financial statements in relation to the 2011 flotation of Bankia savings bank, which was later bailed out. Bankia initially reported a 2011 profit of 309 million euros but months later showed a 3 billion-euro loss.

  • Reduced hard landing risk for China: IMF

    Changyong Rhee, IMF, says the short-term risk of a hard landing for China are lower but its reliance on credit expansion could result in medium-term risk.

  • Asia's medium-term picture is weighed down by an aging population and sluggish productivity, the IMF warned on Tuesday.

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly ageing populations, warning that parts of the region risk "getting old before becoming rich."

  • *Asia to face demographic tax, not dividends- IMF. *Asia demographics to subtract from global growth. TOKYO, May 9- The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly aging populations, warning that parts of the region risk "getting old before becoming rich."

  • BERLIN, May 4- Greece's international lenders are preparing possible debt relief measures for Athens for discussion by euro zone finance ministers, the German business daily Handelsblatt reported on Thursday. The European Commission, the ESM euro zone rescue fund, the European Central Bank and the International Monetary Fund have prepared various debt...

  • *Greece wants debt relief specifics by May 22 Eurogroup meeting. ATHENS, May 4- Prime Minister Alexis Tsipras called on Greece's international lenders on Thursday to reach an agreement on easing its debt burden by May 22, when euro zone finance ministers meet in Brussels to discuss the bailout progress. The European Union and the International Monetary Fund,...

  • ATHENS, May 4- A long-delayed agreement on bailout reforms struck between Athens and its international lenders this week could lead to further debt relief for Greece and help it regain access to capital markets, Moody's said on Thursday. Athens and its international lenders from the European Union and International Monetary Fund reached a deal on Tuesday on a...

  • ULAANBAATAR, May 2- The International Monetary Fund has postponed a $5.5 billion bailout for Mongolia because of a measure included in the country's 2017 budget that forces foreign firms to bank with domestic institutions, the IMF's country representative said. "The Board discussion was postponed," said Neil Saker, the IMF's Mongolia country representative,...

  • ULAANBAATAR, May 2- The International Monetary Fund has postponed a $5.5 billion bailout for Mongolia because of a measure included in the 2017 budget that forces foreign firms to bank with domestic institutions, the IMF's country representative said. "The Board discussion was postponed," said Neil Saker, the IMF's Mongolia country representative, in emailed...

  • IMF Director of the Middle East and Central Asia Department Jihad Azour talks about the economic state of Egypt, with comment on why inflation in the country needs to be addressed.

  • Higher oil prices have helped reduce deficits: IMF Director

    IMF Director of the Middle East and Central Asia Department Jihad Azour says sizeable adjustments have been made to budgets in the Middle East, with comment on oil and Saudi Arabia.

  • Limited expectation that oil will go above $60 a barrel: IMF Director

    IMF Director of the Middle East and Central Asia Department Jihad Azour takes a look at where the oil price is heading, with comment on OPEC's future production strategy.

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • The memorandum of understanding signed at the World Bank and International Monetary Fund spring meetings in Washington comes a year after the two multilateral lenders established mechanisms for cost-sharing and co-financing of investment projects. Since then, the AIIB and the World Bank have co-financed five projects, supporting power generation in...

  • WASHINGTON, April 22- International Monetary Fund members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: the first round of France's presidential election. Concerns that far-right leader Marine Le Pen and far-left rival Jean-Luc...