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World Economy Economic Organizations

  • WASHINGTON, April 10- Global trade has brought benefits from increased productivity to lower prices but governments have not adequately helped workers and communities hit hard by imports, the world's top multilateral economic institutions said on Monday. In a report that serves as their answer to the Trump administration's more protectionist trade...

  • KIEV, April 10- Ukraine's central bank governor, Valeria Gontareva, resigned on Monday, depriving the country of a tough reformer capable of taking on vested interests at a time when the economy is just recovering from a steep recession. The resignation-- effective on May 10 if it is accepted by the president-- comes a week after the International Monetary Fund, which...

  • KIEV, April 10- Ukraine's central bank governor, Valeria Gontareva, resigned on Monday, depriving the country of a tough reformer capable of taking on vested interests at a time when the economy is just recovering from a steep recession. The resignation-- effective on May 10 if it is accepted by the president-- comes a week after the International Monetary Fund, which...

  • BUENOS AIRES, April 7- Free-market policies adopted by Argentina over the last 16 months are working and should lead to an economic rebound, the International Monetary Fund said on Friday, calling on the country to deepen reforms as October elections approach. "While these reforms can be challenging, and take some time to bear fruit, sustained effort would...

  • *Nigeria in first recession in 25 years. *Nigeria authorities concerned about IMF view- IMF. ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market.

  • *Nigeria in first recession in 25 years. *Nigeria authorities concerned about IMF view- IMF. ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market.

  • LAGOS, April 5- Nigeria's naira is over-valued by around 10 to 20 percent, the International Monetary Fund's country head said on Wednesday, when the organisation released a critical report on government efforts to boost growth in Africa's largest economy. "We do find there to be some over-valuation at this point of the naira, of the official currency, somewhere...

  • ABUJA, April 5- The International Monetary Fund warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted the risks to growth for the recession-hit country and the dangers of a volatile foreign exchange market. The document, a report from IMF staff which Reuters saw an earlier version of last month, outlines a raft of...

  • ATHENS, April 5- Greece and its lenders must reach a deal on a long-stalled bailout review at a meeting of euro zone finance ministers on Friday, the country's Prime Minister Alexis Tsipras said on Wednesday, blaming creditors for unwarranted delays. Talks between Greece, the European Union and the Washington- based International Monetary Fund have dragged on...

  • BRUSSELS, April 4- A new free trade agreement with the European Union is of "paramount" importance for Mexico and both parties aim to conclude a deal this year, Mexico's deputy economy minister has said. Right now there's no other issue, no other negotiation on top of the trade agenda for Mexico but this one, " Juan Carlos Baker, deputy minister for foreign trade, told...

  • KIEV, April 3- The International Monetary Fund urged Ukraine on Monday to raise the pension age and do more to tackle corruption after announcing the payout of $1 billion in new aid to the war-torn country. The IMF is propping up Ukraine's economy with a $17.5 billion bailout, helping it climb out of recession following the annexation of Crimea by Russia in 2014...

  • WASHINGTON, April 3- The International Monetary Fund said on Monday its executive board approved another $1 billion loan payment to Ukraine, bringing total disbursements to about $8.38 billion under the $17.5 billion bailout program. IMF First Deputy Managing Director David Lipton said Ukraine's economy was showing signs of improvement, with lower...

  • ATHENS, April 3- A new rift between Athens and the International Monetary Fund over pensions and labour reforms has dealt a blow to an initial accord, dashing hopes for a bailout review deal before a meeting of euro zone finance ministers this week. Talks between Athens, the European Union and the Washington- based IMF have dragged on for months due to differences...

  • ATHENS, March 31- Euro zone deputy finance ministers have recommended Greek bailout review talks continue in Athens, a government official said on Friday, as Athens and its creditors seek a deal on reforms to unlock aid. The technical teams of the lenders, the European Union and the International Monetary Fund, are expected to make a final decision later on Friday...

  • *Nigeria in first recession in quarter of century. *IMF says Nigeria economy expected to grow 0.8 pct this year. ABUJA, March 30- The International Monetary Fund urged Nigeria on Thursday to lift its remaining foreign exchange restrictions and scrap its system of multiple exchange rates in order to revive its economy, which is in its first recession in 25 years.

  • ABUJA, March 30- The International Monetary Fund called on Nigeria on Thursday to lift its remaining foreign exchange restrictions and scrap its system of multiple exchange rates to revive the country's recession-hit economy. In 2016, Nigeria fell into its first annual recession in 25 years, which was largely caused by the impact of low oil prices and attacks...

  • President of the United States, Barack Obama

    The Obama administration is expected to launch a complaint against Chinese aluminum subsidies with the World Trade Organization on Thursday, a person familiar with the matter said.

  • A oil truck runs past wind turbines at the Dafancheng Wind Power Plant.

    OPEC has persuaded 11 non-members to cut oil production, a move aimed at draining a worldwide oil glut.

  • Ken Allen, chief executive officer of DHL Express.

    E-commerce will help drive trade in a way the world hasn't seen, and no government will want to stop it, DHL Express CEO Ken Allen says.

  • Global trade is stagnating: HSBC

    Not much has been done to tackle growing protectionism or to improve trade liberalization efforts, says HSBC's Frederic Neumann.