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International Organizations IMF

  • Tourism, economy are improving: Egypt FinMin

    Amr El-Garhy, Egypt's minister of finance, weighs in on the return of tourism to his country and the IMF's lending program.

  • Greece finally in the clear?

    Greece, the IMF and Germany face some issues over debt restructuring, but the stakes are now lower, says William Adams, The PNC Financial Services Group.

  • Christine Lagarde

    The IMF wants Greek debt to become more sustainable before it contributes to the country's bailout program, Christine Lagarde told CNBC.

  • More predictable, certain Brexit better for UK: Lagarde

    Christine Lagarde, managing director of the IMF, says greater detail about Brexit will be needed before economic projections can be made for the U.K.

  • *Creditors agree Greece has pushed through reforms. LUXEMBOURG, June 15- Euro zone governments threw Greece another 11th- hour credit lifeline on Thursday worth $9.5 billion and sketched new detail on possible debt relief as the IMF finally offered to help out after two years of hesitation. The 8.5 billion euros of loans from the euro zone's 18 other states,...

  • *Creditors agree Greece has pushed through reforms. LUXEMBOURG, June 15- Euro zone lenders agreed on Thursday to lend 8.5 billion euros to Greece, pulling the country from the brink of default, and gave some details on possible debt relief in 2018 as the International Monetary Fund agreed to join the bailout. The decision was taken at a meeting of euro zone finance...

  • LUXEMBOURG, June 15- Greece said on Thursday a deal ending months of an impasse on its bailout programme offered markets greater clarity on future debt reprofiling for the indebted country and ease its return to debt markets. Greece's creditors said on Thursday they would release a further tranche of funds to Athens and the International Monetary Fund said it...

  • BERLIN, June 15- Greek Economics Minister Dimitri Papadimitriou has accused German Finance Minister Wolfgang Schaeuble of being "dishonest" by blocking debt relief for Greece despite his acknowledgement that Athens has implemented significant reforms. Euro zone finance ministers and the International Monetary Fund are expected to strike a compromise...

  • BEIJING, June 14- China's economy generally remained on solid footing in May, but tighter monetary policy, a cooling housing market and slowing investment reinforced views that it will gradually lose momentum in coming months. China's fast start to the year led the International Monetary Fund on Wednesday to raise its 2017 growth outlook for the country to 6.7...

  • *IMF lifts 2017 growth forecast to 6.7 pct from 6.6 pct in April. BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". "The critically important recent focus on tackling...

  • BEIJING, June 14- China needs to further tighten the flow of credit in its economy and funnel lending into economic activities that support real growth, International Monetary Fund deputy managing direct David Lipton told reporters in Beijing on Wednesday. The IMF on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "...

  • BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "policy support, especially expansionary credit and public investment." The forecast was an increase from its already-raised April forecast of 6.6 percent. China's economy grew a faster-than-expected 6.9 percent in...

  • BRUSSELS, June 12- Euro zone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later, officials said on Monday. IMF head Christine Lagarde suggested a plan last week under which the Fund would join the Greek...

  • WASHINGTON, June 8- The International Monetary Fund welcomed a decision by the European Central Bank on Thursday to keep interest rates unchanged, saying the bank's strategy had helped improve credit conditions and support a firm recovery of output.

  • ECB'S REMOVAL OF POSSIBILITY OF FURTHER REDUCTIONS TO KEY POLICY INTEREST RATES REFLECTS DIMINISHING DEFLATION RISKS- IMF.

  • IMF SAYS ECB ACCOMODATIVE STANCE' IS IMPROVING' AND ASSURED BY ITS' CONTINUED COMMITMENT TO ENSURING A SUSTAINED ADJUSTMENT'.

  • Ex-Greek fin min: Could be victim to Germany, IMF compromise

    Former Greek Finance Minister George Papaconstantinou gives his views on the IMF and Managing Director Christine Lagarde’s recent involvement in supporting the Greek economy.

  • BERLIN, June 5- International Monetary Fund Managing Director Christine Lagarde has offered Greece's European creditors a way out of their impasse over Athens' debts that would allow the euro zone to release a tranche of aid later this month. The IMF believes Greece needs a debt haircut, which Germany rejects. Greece has about 7 billion euros of debt maturing in...

  • CAIRO, June 4- Egypt's foreign reserves jumped to $31.126 billion at the end of May from $28.641 billion at the end of April, the central bank said on Sunday. Egypt's foreign reserves have been climbing since the country clinched a $12 billion three-year loan from the International Monetary Fund in November in a bid to lure back foreign investors.

  • CAIRO, June 1- The next review for Egypt's $12 billion three-year International Monetary Fund lending program will be in either November or December, Egyptian Finance Minister Amr El-Garhy told Reuters on Thursday. The IMF conducted its first review of Egypt's reform progress last month and said it had reached a staff-level agreement to make available about...