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International Organizations IMF

  • German Chancellor Angela Merkel and U.S. President Donald Trump shake hands during their joint press conference in the White House on Friday, April 27, 2018.

    The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes.

  • *Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises would help Egypt save up to 50 billion Egyptian...

  • *Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for austerity measures that have made life tougher for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises would help Egypt save up to 50 billion pounds in...

  • *Minister says price hikes to save Egypt $2.8 billion. CAIRO, June 16- Egypt has raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan calling for tough austerity measures that have made life harder for ordinary Egyptians. Oil Minister Tarek El Molla said the price rises will help Egypt save up to 50 billion pounds in...

  • WASHINGTON, June 14- The International Monetary Fund warned on Thursday that U.S. "Let us not understate the macroeconomic impact," IMF Director Christine Lagarde said, saying the tariffs will have a larger economic toll if they prompt retaliation from trading partners like Canada and Germany. Trump stunned his counterparts by backing out of a joint communique...

  • IMF releases report on state of the US economy

    CNBC's Sara Eisen reports the details of a statement from the International Monetary Fund (IMF) on its view of the domestic U.S. economy.

  • WASHINGTON, June 14- The economic impacts of tariffs enacted by Washington will grow as retaliations come from affected countries like Canada as well as European nations like Germany, the head of the International Monetary Fund said on Thursday. "Let us not understate the macroeconomic impact," IMF Director Christine Lagarde said. "It would be serious, not only if...

  • WASHINGTON— The International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next. "We differ significantly on the medium term and long-term projections, The Treasury Department said. "The Treasury Department believes our policies, including the productivity-boosting mix of tax reform and regulatory relief, will...

  • WASHINGTON, June 14- The International Monetary Fund warned on Thursday that U.S. Trump has riled key allies by pursuing protectionist trade policies, including the imposition of steel and aluminum tariffs on the European Union, Canada and Mexico. German Chancellor Angela Merkel has said the EU would implement counter-measures against U.S. tariffs, as did...

  • BUENOS AIRES, June 14- Argentina outlined plans to reduce its fiscal deficit and make the central bank independent in a letter of intent to the International Monetary Fund on Thursday, explaining it could take additional measures to achieve the targets of the $50 billion financing deal. The government will ensure revenue forecasts in the budget it will...

  • Trump tax cuts to surge debt past 90% of GDP by 2024, says IMF report

    CNBC's Sara Eisen breaks down the IMF's report on how Trump's tax cuts disproportionately benefit the rich and could harm the economy over the long run.

  • BUENOS AIRES, June 13- Argentine authorities have asked to use $7.5 billion of the $50 billion financing deal signed with the International Monetary Fund to fund their budget, IMF Managing Director Christine Lagarde said in a statement on Wednesday. The Finance Ministry said in a separate statement that the $7.5 billion would be sold on the market through...

  • BERLIN, June 11- International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on U.S. Trump backed out of a joint communique agreed by Group of Seven leaders in Canada at the weekend that mentioned the need for "free, fair and mutually beneficial trade" and the importance of fighting protectionism. The U.S. president, who has...

  • BERLIN, June 11- The International Monetary Fund will remain engaged in Greece in some form, which will most likely become clearer after a June 21 meeting of the Eurogroup of euro zone finance ministers, IMF chief Christine Lagarde said on Monday. "We are considering all the options," Lagarde told a news conference with chiefs of other leading economic...

  • BERLIN, June 11- The clouds over the global economy have darkened, especially since the divisive summit of leaders from the Group of Seven economic powers at the weekend, International Monetary Fund Managing Director Christine Lagarde said on Monday. Lagarde, speaking at a joint news conference in Berlin with the chiefs of other leading economic...

  • President Donald Trump lashed out at some allies, with particularly harsh words for Canadian Prime Minister Justin Trudeau, after a summit in Quebec. He left the meeting early to attend a summit with North Korean leader Kim Jong Un and said the U.S. will stick to its plan to impose tariffs on steel and aluminum. They include International Monetary Fund chief...

  • The country of 10 million has been struggling under tight austerity measures imposed as part of an IMF debt-reduction package.

  • BERLIN— Leaders of the International Monetary Fund, World Trade Organization and other agencies warned Monday that American protectionism could cause global economic damage, while the European Union backed a Group of Seven declaration that U.S. Merkel, fresh from the G-7 meeting in Canada, said those at the meeting were "firmly convinced that sustainable...

  • BUENOS AIRES, June 8- Argentina could revise the fiscal targets set as part of a $50 billion financing arrangement with the International Monetary Fund to increase spending on social programs, an IMF director said on Friday. Argentina requested IMF assistance on May 8 after a run on its peso currency in an investor exodus from emerging markets.

  • WASHINGTON— The International Monetary Fund said Friday that fiscal targets set for Argentina as part of a $50 billion deal are possible but will require a strong commitment from the South American country. "We're convinced that they are realistic measures, but they require a strong commitment by Argentine society," IMF Mission Chief for Argentina Roberto...