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International Organizations IMF

  • WASHINGTON, July 16- Escalating and sustained trade conflicts following U.S. tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday. That translates to nearly $500 billion in lost annual output based on IMF projections, the equivalent of subtracting an economy the...

  • Chinese employees working on micro and special motors for mobile phones at a factory in Huaibei, China.

    The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year

  • WASHINGTON— The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil prices. But the lending agency is downgrading the outlook for Europe and Japan. Citing proliferating trade conflicts, IMF chief economist Maury Obstfeld warned that "...

  • The IMF, in an update to its World Economic Outlook growth forecasts, said that the United States, as the focus of retaliatory tariffs from trading partners, was especially vulnerable to a slowdown in its exports. An escalation of tariffs to levels threatened by the United States, China and other countries would not only have a direct effect on demand, but would...

  • French President Emmanuel Macron (L) and German Chancellor Angela Merkel (2nd L) speaks as US President Donald Trump (C) arrives for a family picture during the NATO (North Atlantic Treaty Organization) summit at the NATO headquarters, in Brussels, on May 25, 2017.

    The German-led European Union does not want to balance its trade accounts with the U.S., Michael Ivanovitch writes.

  • BUENOS AIRES, July 13- Argentina may delay implementing elements of a tax reform passed last year to meet its fiscal deficit goals as part of a deal with the International Monetary Fund, according to a government official and a fund document published Friday. A government official who spoke on the condition of anonymity said those delays were possible if...

  • BUENOS AIRES, July 13- The International Monetary Fund expects Argentina's government debt to peak by the end of 2018 and then fall as the country cuts its deficit as part of its $50 billion deal with the Fund, according to a document published on Friday. Debt is forecast to peak at 65 percent of GDP before falling to 56 percent by 2021, the last year of its program, IMF...

  • MINSK, Belarus— Ukraine's parliament has adopted a measure to expand the powers of the country's new anti-corruption court, meeting an International Monetary Fund condition for restoring aid. The IMF in 2015 authorized $17.5 billion in aid to Ukraine to support reforms. After the court was authorized, Ukraine hoped a $1.9- billion aid tranche would be...

  • BEIRUT, July 12- The International Monetary Fund hopes Lebanon will soon form a new government, following elections two months ago, and set about urgent structural and fiscal reforms to tame its deficit and boost growth, its Middle East head told Reuters on Thursday. "We are looking forward to seeing a new government," said Jihad Azour, the IMF's Director of the...

  • KIEV, July 12- Ukraine's parliament approved an amendment to an anti-corruption court law on Thursday in an effort to secure more funding under a $17.5 billion aid-for-reforms programme from the International Monetary Fund. "The amendment is very simple," opposition member of parliament Yegor Sobolev said, explaining the legislation would mean that all...

  • CAIRO, July 10- Egypt's annual urban consumer inflation surged to 14.4 percent in June as cuts to energy subsidies imposed under an IMF loan deal hit the economy sooner than expected. The price hikes were part of efforts to meet the terms of a $12 billion International Monetary Fund loan programme from late 2016 that included cuts in energy subsidies and tax...

  • July 10- Litigation funding provider IMF Bentham Ltd said on Tuesday it was funding a representative complaint against social networking website Facebook Inc over alleged breaches of the Australian Privacy Principles. The complaint is being handled by Sydney- based law firm Johnson Winter& Slattery. The company lost more than $50 billion in market value in...

  • DAKAR, July 7- Cameroon's economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International Monetary Fund said. Cameroon, one of central Africa's largest economies, produces about 180,000 barrels per day of oil and is Africa's...

  • Germany's Chancellor Angela Merkel (C) reacts as she speaks with European Council President Donald Tusk (L) and Spain's Prime Minister Pedro Sanchez during an European Union leaders' summit focused on migration, Brexit and eurozone reforms on June 28, 2018 at the Europa building in Brussels.

    The International Monetary Fund (IMF) cut its 2018 forecast for German GDP growth to 2.2 percent, saying rising protectionism and the threat of a hard Brexit had exposed Germany's economy to significant short-term risks.

  • IMF SEES SUBSTANTIAL SHORT-TERM RISKS FOR GERMAN ECONOMY.

  • BERLIN, July 5- The International Monetary Fund on Thursday cut its 2018 forecast for German GDP growth to 2.2 percent, saying rising protectionism and the threat of a hard Brexit had exposed Europe's biggest economy to significant short-term risks. "Short-term risks are substantial, as a significant rise in global protectionism, a hard Brexit, or a...

  • IMF SAYS POTENTIAL RISK FACTORS INCLUDE RISING PROTECTIONISM, HARD BREXIT, REASSESSMENT OF SOVEREIGN DEBT IN EURO ZONE.

  • IMF SAYS GERMANY SHOULD USE FISCAL LEEWAY TO FURTHER RAISE PUBLIC INVESTMENTS, BOOST LONG-TERM GROWTH POTENTIAL.

  • IMF CUTS 2018 FORECAST FOR GERMAN ECONOMIC GROWTH TO 2.2 PCT FROM 2.5 PCT; LIFTS 2019 FORECAST TO 2.1 PCT FROM 2.0 PCT.

  • CAIRO, July 2- Egypt should maintain tight monetary policy to contain the risk of inflation as a result of fuel and electricity subsidy cuts, the International Monetary Fund said on Monday, in a statement that praised progress on reforms tied to a new $2 billion loan. The IMF's remark comes days after Egypt's central bank decided to keep interest rates steady,...