International Organizations IMF

  • NAIROBI, Dec 11- Somalia's economic growth is expected to pick up in 2018 as it recovers from drought that had reduced farming output, the International Monetary Fund said on Tuesday. It said it projected gross domestic product at 3.1 percent this year from 2.3 percent in 2017. Somalia exports bananas and also produces sorghum. Somalia has been in turmoil since...

  • Tourists hold umbrellas as they walk past the New York Stock Exchange.

    Global equity markets could struggle to come to terms with a dramatic slowdown from the world's largest economy next year, one Goldman Sachs strategist told CNBC on Monday.

  • QUITO, Dec 6- Ecuador plans to renegotiate the terms of its debt to China, President Lenin Moreno said on Thursday ahead of a trip to Beijing, adding that a deal with the International Monetary Fund for additional financing was possible. Ecuador's debt to China totals $6.5 billion, according to the Economy Ministry. While the Asian country's financial largesse...

  • An Egyptian youth walks past a polling station in the capital Cairo's western Giza district on March 25, 2018 ahead of the vote scheduled to begin the following day, decorated on the outside with giant privately-sponsored electoral posters depicting incumbent President Abdel Fattah al-Sisi and giant pieces of cloth stacked together to show the colors of the Egyptian flag.

    Egypt's state banks have reportedly been propping up the Egyptian pound by selling their foreign exchange assets -- a strategy that can only last a few more months, economists warn.

  • A Pakistani dealer counts US dollars at a currency exchange shop in Karachi on October 9, 2018. 

    The Pakistani rupee plunged about 6 percent on Friday in what dealers suspected was the sixth currency devaluation by the central bank in the past 12 months, linking the move to ongoing bailout talks with the International Monetary Fund (IMF).

  • President Donald Trump (L) and China's President Xi Jinping walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, April 7, 2017.

    U.S. President Donald Trump and Chinese leader Xi Jinping are expected to discuss trade at the G-20 summit in Argentina this week — a meeting closely watched for clues on where tensions between the two economic powerhouses are going.

  • Chinese President Xi Jinping and U.S. President Donald Trump greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Nov. 9, 2017.

    Trade tensions between the U.S. and China — which some expect to drag through next year — will not result in a global economic cold war, according to Morgan Stanley.

  • MEXICO CITY, Nov 27- The International Monetary Fund on Tuesday reaffirmed Mexico's access to an emergency credit line, even as it trimmed the amount, and said the incoming leftist government had promised to stick to prudent economic policies. The IMF said it trimmed Mexico's flexible credit line by $12 billion to $74 billion at the request of Mexican...

  • MEXICO CITY, Nov 27- The International Monetary Fund on Tuesday reaffirmed Mexico's access to an emergency credit line, even as it trimmed the amount, and said the incoming leftist government had promised to stick to prudent economic policies. The IMF said it trimmed Mexico's flexible credit line by $12 billion to $74 billion at the request of Mexican...

  • MADRID, Nov 26- A former head of the International Monetary Fund and three other former executive board members of Bankia went on trial in Spain's High Court on Monday accused of fraud over the lender's ill-fated public listing in 2011.. Less than a year after Bankia raised 3.1 billion euros in the July 2011 share offering, the bank restated its 309 million euro...

  • Finance Minister Oksana Markarova said the government would submit the budget to the International Monetary Fund for assessment as quickly as possible but declined to comment on the tranche size. Groysman had told Reuters last week he hoped to secure an IMF tranche as early as December once the budget passed, which would also pave the way for similar...

  • CARACAS, Nov 22- Preliminary data compiled by Venezuela's central bank shows the economy shrank by 16.6 percent in 2017 compared with the year before, two sources familiar with the matter said on Thursday, the country's sharpest decline on record. The International Monetary Fund has been pressuring Venezuela for weeks to provide data on economic activity,...

  • *IMF warned Tunisia to keep public sector wages under control. *Strike is biggest in Tunisia in five years. Earlier this month the International Monetary Fund warned Tunisia to keep its public sector wage bill- one of the world's highest in proportion to GDP, according to the IMF- under control to avoid severe debt problems.

  • The flags of the U.S. and China.

    Investors and world leaders alike will be glued to the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Argentina, hoping for clues to what's next.

  • *Deputies raise exemptions to ease impact on middle class. AMMAN, Nov 18- Jordan's parliament approved a new IMF-backed tax law on Sunday after introducing some changes in a move to push ahead with crucial fiscal reforms to lower record public debt needed to get the economy hit by regional conflict back on track. Jordan's Prime Minister Omar al Razzaz earlier...

  • India's Prime Minister Narendra Modi addresses his supporters at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, March 12, 2017.

    As impressive as India's growth has been, it has not seen that prosperity evenly distributed. And there are other big problems to tackle besides inequality.

  • British Prime Minister Theresa May (L) and European Commission chief Jean-Claude Juncker give a press conference as they meet for Brexit negotiations on December 4, 2017 at the European Commission in Brussels.

    The figure equates to roughly 4 years of economic growth.

  • LONDON, Nov 14- Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP-- roughly four years of economic growth-- compared with staying in the bloc, the International Monetary Fund said on Wednesday. The IMF's estimates-- part of a regular review of Britain's economy-- come as Prime Minister Theresa May is attempting to...

  • In a speech in Singapore on Wednesday, IMF Managing Director Christine Lagarde said central banks have a role supplying money to the digital economy.

  • A man counts Saudi riyal banknotes at his jewelry shop in Tiba market in the capital Riyadh on October 3, 2016.

    Growth is slowing in a number of the world's big economies, and the International Monetary Fund is warning that investor sentiment could make a "sudden reversal" for the worse.