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  • WASHINGTON, Feb 4- International Monetary Fund Managing Director Christine Lagarde said on Thursday that low oil and commodities prices would continue for some time, and the Fund will consider strengthening and broadening its array of precautionary financing instruments. In a speech at the University of Maryland, Lagarde said that advanced economies...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials who met...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • ISLAMABAD, Feb 4- The International Monetary Fund said on Thursday it had agreed to release a $497 million tranche for Pakistan after the latest review of a bailout package awarded in 2013, though the disbursement still requires IMF board approval. Once the latest disbursement is made the IMF will still have to release $1.1 billion of the total $6.7 billion...

  • ISLAMABAD, Feb 4- Pakistan has shelved plans to privatise its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises Islamabad had made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said International Monetary Fund officials...

  • Unemployment has steadily improved since peaking at 15.1 percent in 2012, months before Ireland exited dependence on European and International Monetary Fund loans. Ireland faced bankruptcy in 2010 as the cost of rescuing six domestic banks crippled the country's ability to finance itself. The bailout gave Ireland time to restructure banks, repair its...

  • MADRID, Feb 1- Spain's High Court said on Monday it would open a trial against former International Monetary Fund chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the ruling centre-right...

  • Spain: Ex-IMF boss to stand trial in bank card probe Monday, 1 Feb 2016 | 10:10 AM ET

    MADRID— Spain's National Court says it will try Rodrigo Rato, the former head of the International Monetary Fund, and 65 others for alleged misuse of corporate credit cards issued by Spain's Bankia group. The court said in a statement Monday that there were signs of fraudulent administration and misappropriation of bank funds by the accused in the use of the "...

  • MADRID, Feb 1- Spain's High Court said on Monday it will open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia. Rato, a former Spanish finance minister and one-time leadership contender for the center-right People's Party, has denied wrongdoing in...

  • Representatives from Greece's European creditors and the International Monetary Fund began talks in Athens with Greek officials. In return for money from the country's third bailout, which was agreed last summer and is worth around 80 billion euros, Greece's left-led government has to meet a series of conditions, from reducing spending to enacting...

  • WASHINGTON, Jan 29- The International Monetary Fund said on Friday it is leaving the door open to large bailout loans for countries with questionable ability to repay debt, but has revised its rules for such rescues. Last week, the IMF ended the 2010 lending exemption that allowed major bailout loans to Greece, Ireland and Portugal and helped to ease a European...

  • ASTANA, Jan 29- Kazakhstan has no plans to seek International Monetary Fund financing despite a drop in government revenues caused by the oil price crash, National Economy Minister Yerbolat Dosayev said on Friday. "No, we are not and we do not plan any," Dosayev told reporters, when asked if the Central Asian oil exporter could follow the example of Azerbaijan, which...

  • BEIJING, Jan 28- China will keep the yuan "basically stable" and improve communication with financial markets on the currency, Premier Li Keqiang told International Monetary Fund chief Christine Lagarde on Thursday. Li said China had kept the yuan basically stable against a basket of currencies and there was no basis for continued yuan depreciation, according...

  • BEIJING, Jan 28- Chinese Premier Li Keqiang told International Monetary Fund chief Christine Lagarde that China is capable of keeping the yuan basically stable against a basket of currencies, state television said on Thursday.

  • Jan 27- The International Monetary Fund and World Bank are discussing possible financing aid for oil exporter Azerbaijan to help it cope with mounting currency and budget pressures from a steep drop in crude prices, the institutions said on Wednesday. "The World Bank and the IMF are in active dialogue with the Government of Azerbaijan, discussing both...

  • Jan 27- The International Monetary Fund and World Bank are discussing possible financing assistance for Azerbaijan to help it cope with mounting currency pressures and other fallout from a steep drop in oil prices, the institutions confirmed on Wednesday. The Financial Times reported that IMF and World Bank officials were discussing a possible $4 billion...

  • COPENHAGEN, Jan 26- Global container ship capacity is expected to increase by 4.6 percent in 2016, the slowest growth rate in more than 25 years, giving some relief to an industry hammered by oversupply, consultancy firm Alphaliner forecast on Tuesday. With the International Monetary Fund expecting world economic growth of 3.4 percent in 2016, that would...

  • PARIS, Jan 22- International Monetary Fund managing director Christine Lagarde launched her campaign for a second term on Friday with ringing endorsements from a host of major economies- and a court case against her looming in her native France. The prime ministers of Britain and France backed her publicly on Thursday. I was honoured to receive from the start of...

  • PARIS, Jan 22- The managing director of the International Monetary Fund said on Friday she will run for a second term. I was honoured to receive from the start of the process the backing of France, Britain, Germany, China, Korea, "she told France 2 television in an interview from Davos. Lagarde has been accused of negligence over a payout of some 400 million euros to...