International Organizations IMF

  • CAIRO, Jan 10- Annual consumer price inflation in Egypt's cities soared to a second straight eight-year high in December, hitting 23.3 percent on the back of the government's decision to float the pound, effectively halving its value. Those moves were required to secure a $12 billion International Monetary Fund loan. "Egypt now is in the eye of the policy...

  • BRUSSELS, Jan 9- Immigration has a generally positive economic impact on receiving countries but the benefits depend on how well the migrants are integrated, the International Monetary Fund's First Deputy Managing Director David Lipton said on Monday. Europe is struggling to contain a migration crisis started in 2015 when more than a million people entered...

  • ACCRA, Jan 8- Ghana President Nana Akufo-Addo is likely to name investment banker Ken Ofori-Atta as finance minister, three sources close to the presidency told Reuters on Sunday. Ghana which exports cocoa, gold and oil is halfway through a three-year $918 million aid deal with the International Monetary Fund to restore fiscal balance to an economy dogged by...

  • KIEV, Dec 21- Ukraine's parliament approved a budget for 2017 on Wednesday, raising its chance of securing more aid from the International Monetary Fund under a $17.5 billion loan package. The IMF and other international backers have propped up Ukraine's economy since the country plunged into turmoil in 2014 following the Maidan street protests and the...

  • Ulaanbaatar, Mongolia.

    A political snafu with the world's second-largest economy is no light matter for any country but for troubled Mongolia, it could mean a potential sovereign default.

  • PARIS/ WASHINGTON, Dec 19- International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges over a state payout made while she served as France's finance minister in 2008.. The executive board representing the IMF's 189 member countries reaffirmed its full confidence in Lagarde's...

  • WASHINGTON, Dec 19- International Monetary Fund Managing Director Christine Lagarde said on Monday she does not intend to appeal her conviction in France on a negligence charge over a government payout she approved as French finance minister. "I have been held negligent, but without penalty, without sanction, without registration of the decision.

  • PARIS/ WASHINGTON, Dec 19- International Monetary Fund chief Christine Lagarde kept her job and escaped punishment on Monday despite a conviction on negligence charges by French judges over a state payout made while she served as France's finance minister in 2008.. The Washington- based IMF executive board reaffirmed its full confidence in Lagarde's...

  • PARIS, Dec 19- French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while she served as France's finance minister in 2008, but imposed no punishment, likely improving chances that she would stay on at the Fund. The Washington- based International Monetary Fund said its executive board was meeting on Monday to...

  • A banners of Deutsche Bank is pictured in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, September 30, 2016.

    European shares closed slightly lower on Monday as investors digested economic data from Germany.

  • PARIS, Dec 19- French judges convicted IMF chief Christine Lagarde on Monday of negligence for a state payout made while France's finance minister in 2008, but imposed no punishment, citing her preoccupation at the time with the global financial crisis. The executive board of the Washington- based International Monetary Fund was expected to meet shortly to...

  • WASHINGTON, Dec 19- The International Monetary's Executive Board is expected to meet shortly to consider the negligence verdict issued against Managing Director Christine Lagarde by a French court, IMF spokesman Gerry Rice said on Monday. "The Executive Board has met on previous occasions to consider developments related to the legal proceedings in France,"...

  • Big slap on the wrist for Christine Lagarde

    CNBC's Sara Eisen discusses the charges against Christine Lagarde in regard to misusing public funds.

  • Court rules Lagarde guilty

    A French court has ruled IMF managing director Christine Lagarde guilty in a negligence case.

  • PARIS, Dec 19- International Monetary Fund chief Christine Lagarde has left France for Washington and will not be present for the verdict in her negligence trial, her lawyer told Reuters. The verdict was due later on Monday. The trial relates to a case in which Lagarde, as French finance minister, approved a 400 million euro state payout to a business tycoon in 2008.

  • IMF CHIEF LAGARDE TELLS PARIS COURT: "THESE FIVE DAYS OF TRIAL PUT AN END TO A FIVE-YEAR ORDEAL".

  • IMF Managing Director Christine Lagarde

    PARIS— Christine Lagarde is taking time off her day job solving the world's financial crises to face trial Monday, accused of negligence after the French state handed $425 million to a tycoon close to the president in 2008.. The Washington- based institution's credibility was already shaken when her predecessor, Dominique Strauss-Kahn, also a French citizen,...

  • WASHINGTON, Dec 8- The International Monetary Fund said on Thursday that its executive board continues to be briefed on the French court case involving Managing Director Christine Lagarde and retains confidence in her ability to lead the international organization. "The executive board has been briefed on recent developments related to this matter and...

  • AMSTERDAM, Dec 8- The Dutch economy will grow at around 2 percent this year and next year, International Monetary Fund experts said on Thursday. IMF Netherlands Mission Chief Thomas Dorsey said at a news conference after a visit that external risks to the trade-dependent Dutch economy were balanced by strong domestic demand that may not be fully accounted for...

  • Chinese bank staff member counting stacks of 100-yuan notes at a bank in Huaibei, China.

    While Donald Trump's claims may have been true about decade ago, they are contrary to China’s current reality.