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World Economy International Organizations

  • CARACAS, April 20- Annual inflation in crisis-hit Venezuela last year reached 274 percent, according to data the central bank provided to the International Monetary Fund, although many economists believe the true figure is far more alarming. Venezuelan consultancy Ecoanalitica says inflation was 525 percent last year and New York- based investment bank...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. **WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. **WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • BRUSSELS, April 20- Argentina hopes to have an agreement on a free trade deal between the European Union and the South American Mercosur bloc by the end of the year, its foreign minister said on Thursday. The European Union and Mercosur launched trade negotiations in 1999, but they have faced multiple setbacks, partly due to more than a decade of leftist rule in...

  • WASHINGTON, April 20- International Monetary Fund Managing Director Christine Lagarde said on Thursday she believes the IMF can work with the Trump administration to improve the global trading system, but cautioned against jeopardizing open trade as a growth engine. Lagarde told a news conference at the opening of the IMF and World Bank spring meetings in...

  • *Saudi Arabia, Kuwait signal likely cut extension. NEW YORK, April 20- Oil prices were little changed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. OPEC members Saudi Arabia and Kuwait signaled that the Organization of the...

  • WASHINGTON, April 20- German Finance Minister Wolfgang Schaeuble said on Thursday it would be possible to develop the euro zone's European Stability Mechanism rescue fund into a European monetary fund soon. Speaking on the sidelines of International Monetary Fund meetings in Washington, he also said any new aid programs for euro zone countries should be...

  • *Exports also fall from northern Iraq. LONDON, April 20- Oil shipments from Iraq's southern terminals have fallen so far in April, according to loading data and an industry source, reflecting a temporary drop in export capacity and Iraqi efforts to comply with OPEC production cuts. OPEC's second-largest producer has curbed output this year as part of an OPEC- led...

  • WASHINGTON, April 20- International Monetary Fund Managing Director Christine Lagarde said on Thursday she believes the IMF can work successfully with the Trump administration to improve the global trading system, but added that open trade must be preserved as a growth engine. Lagarde told a news conference at the opening of the IMF and World Bank spring...

  • LONDON, April 20- Oil prices were largely flat on Thursday after steep losses the previous session, with rising U.S. production weighing against comments from leading Gulf oil producers that an extension to OPEC- led supply cuts was likely. "The U.S. market perhaps doesn't believe in the oil market balance that OPEC would have us believe," said Hans van Cleef, senior...

  • WASHINGTON, April 20- It is not realistic to take further steps towards European Union integration at this point and after Britain's vote to leave the bloc its remaining members must be ready to form' coalitions of the willing', German Finance Minister Wolfgang Schaeuble said. "Given the current situation, it is not realistic to think that we can take further steps...

  • WASHINGTON, April 20- World Bank Group President Jim Yong Kim said on Thursday that the multilateral lender does not plan to change its stance on financing alternative energy projects and mitigating the effects of climate change. Asked about the Trump administration's skepticism about climate change at a news conference, Kim said the World Bank would...

  • WORLD BANK PRESIDENT'S KIM SAYS LENDER DOES NOT PLAN TO CHANGE STANCE ON CLIMATE CHANGE EFFORTS.

  • LONDON, April 20- British shoppers could face an average tariff of 22 percent on food from the European Union if Prime Minister Theresa May fails to reach a trade deal with Brussels before Britain leaves in two years time, retailers said on Thursday. Nearly 80 percent of British food imports come from EU member states and if no trade agreement is struck Britain and...

  • WASHINGTON, April 20- World Bank President Jim Yong Kim said on Thursday he is "encouraged" by the Trump administration's interest so far in the multilateral lender's mission and its plans to harness more private capital for development finance. Kim told Reuters in an interview that Trump administration officials, including U.S. Treasury Secretary Steven...

  • WORLD BANK PRESIDENT JIM YONG KIM SAYS' ENCOURAGED' BY TRUMP ADMINISTRATION OFFICIALS' INTEREST IN WORLD BANK'S MISSION.

  • Those findings come as the semi-annual gathering of finance officials from the International Monetary Fund, the World Bank and the Group of 20 major economies kicks off in Washington, where the case against protectionist trade policies is expected to be a major theme. "For the first time in five years, all the major economies seem to be growing in sync," noted Ajay...

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...

  • ATHENS, April 20- The International Monetary Fund may finance Greece's current bailout programme with a small amount for one year, the country's government spokesman said on Thursday, adding that the issue was under discussion between Athens and its creditors. The fund's participation is seen as a condition for Germany to unlock new funds to Greece.

  • LONDON, April 20- OPEC and some of the most important hedge funds active in commodities reached an understanding on oil market rebalancing during informal briefings held in the second half of 2016.. OPEC committed to implement credible production cuts and reduce global crude stocks while hedge funds responded by establishing bullish long positions in both...