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World Economy Economic Organizations

  • 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...

  • WASHINGTON, April 21- The International Monetary Fund on Friday praised Greece's fiscal over-performance in 2016, but said it still needed clarification from euro zone governments on what debt relief Athens could expect before joining the latest Greek bailout. Greece is on its third international bailout since 2010, but it has to pass reviews of reforms...

  • The G20 session on the sidelines of the International Monetary Fund and World Bank spring meetings comes just over a month after the group dropped an explicit pledge to fight against protectionism from the communique of its meeting in Baden-Baden, Germany, at the insistence of U.S. British finance minister Philip Hammond told reporters that multilateral...

  • WASHINGTON, April 21- The European Commission is working on an idea of a budget for the 19 countries sharing the euro currency that could support investment and also serve as an unemployment re-insurance plan, Commission Vice President Valdis Dombrovskis said on Friday. "We are now working on a paper on completing the Economic and Monetary Union by the end of May,...

  • WASHINGTON, April 21- China's economy may grow faster than the International Monetary Fund had expected for all of 2017 after a first-quarter performance that beat forecasts, the fund said, as it urged Beijing to address entrenched financial risks in the country. The better-than-anticipated data prompted the IMF this week to raise its 2017 and 2018 growth...

  • *Greece swings to general government surplus in 2016. ATHENS, April 21- Greece far exceeded its international lenders' demands for budget savings last year, official data showed on Friday, outstripping even 2017' s target and presenting a strong case for unlocking more bailout funds. The IMF, which has reservations on whether Greece can meet high primary surplus...

  • WASHINGTON, April 20- Japanese Finance Minister Taro Aso said on Thursday he reconfirmed with U.S. Treasury Secretary Steve Mnuchin that currency issues should be dealt with by the two finance leaders. Aso and Mnuchin met on the sidelines of the G20 finance leaders' gathering and International Monetary Fund meetings in Washington D.C..

  • Speaking to bankers just hours after the formal start of the International Monetary Fund and World Bank spring meetings, White House National Economic Council Director Gary Cohn said Washington was prepared to get tougher in the trade arena. Asked at the Institute of International Finance about his message for his international counterparts, Cohn said the...

  • 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...

  • President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. The threat to get rid of or alter NAFTA has clouded the economic outlook for Canada, whose biggest trade partner is the United States.

  • WASHINGTON, April 20- It would not be a bad idea for the European Central Bank and other central banks to follow the U.S. Speaking on the sidelines of International Monetary Fund meetings in Washington, Schaeuble said the ultra-loose monetary policies in place in many areas of the world were not helpful. Investors are on tenterhooks before Sunday's first round...

  • Worries over Trump's approach to trade, taxes, financial regulation and climate change clouded the start of the International Monetary Fund and World Bank spring meetings, even amid improved optimism over global growth prospects. As the meetings got started, two blocks away at the White House, Trump signed a directive to study whether steel imports into the...

  • President Donald Trump on Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television that the United States in fact ran a dairy surplus with Canada. The threat to get rid of or alter NAFTA has clouded the economic outlook for Canada, whose biggest trade partner is the United States.

  • 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...

  • 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...

  • 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...

  • 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.

  • BERLIN, April 20- Germany on Thursday pushed back against U.S. criticism of its trade surplus, saying ahead of global finance talks in Washington that nobody could blame Berlin for the competitiveness of' Made in Germany' products. Treasury currency report on Friday, the Trump administration backed away from naming any major trading partner as a currency...