International Organizations IMF

  • NAIROBI, Sept 14- The International Monetary Fund considers that Kenya's external position is strong, its representative in Nairobi said on Friday, adding that the Fund would continue to support its reform efforts even though a stand-by loan deal has expired. Kenya had secured a six-month extension in March of the $989.8 million arrangement.

  • NAIROBI, Sept 14- The International Monetary Fund considers that Kenya's external position is strong, its representative in Nairobi said on Friday, adding that the Fund would continue to support its reform efforts, even though a stand-by loan deal has expired. Kenya had secured a six-month extension in March of the $989.8 million arrangement.

  • The inflation rate published by the official statistics agency Thursday follows a sharp devaluation of Argentina's currency. That led Argentina's government to seek a $50 billion loan from the International Monetary Fund aimed at strengthening the economy. To obtain some early funds, President Mauricio Macri has promised to bring Argentina's primary...

  • BUENOS AIRES, Sept 12- Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday to protest austerity measures proposed by the government and backed by the International Monetary Fund to reduce Argentina's debt. But Argentine leader Mauricio Macri said he needs to carry out such measures to regain investors' confidence by...

  • BUENOS AIRES, Sept 12- Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday, with more marches planned over the days ahead over austerity measures proposed by the government and backed by the International Monetary Fund. But Argentine leader Mauricio Macri says he needs to carry out such measures to regain investors'...

  • Ten years on from the crash of Lehman Brothers that heralded the Great Recession, market watchers are looking for clues as to where the root of the next crisis might lie. Some are pointing to a metric that's now at a record high — risky borrowers' debt-to-cash ratios. 

  • Ukraine is battling to shake off an image of entrenched corruption that has long deterred foreign investors and held up the disbursement of billions of dollars worth of aid from the International Monetary Fund. SALIC announced the purchase of Ukraine's Mriya, one of Ukraine's biggest farming companies which had defaulted on debts of $1.1 billion in 2014, a...

  • Ranil Wickremesinghe, Sri Lanka's prime minister, speaks during an event in 2016. The conference runs through to Nov. 5. Photographer:

    Sri Lanka is building longer term financial stability by diversifying its exports beyond tea and apparel and into higher-value goods and services, Prime Minister Ranil Wickremesinghe told CNBC.

  • The remarks, which Chaudhry said Pompeo made during his visit to Pakistan on Wednesday, come in stark contrast to Pompeo's warnings in July that the United States had serious reservations about the IMF giving money to Pakistan due to concerns Islamabad would use the cash to pay off Chinese loans. Chaudhry told Reuters that relations between United States and...

  • Beirut, Lebanon

    On top of simmering regional turmoil and political gridlock as officials fight over the composition of their yet-unformed government, the numbers are warning that the country is headed for a banking crisis.

  • Italy's designated Prime Minister Carlo Cottarelli talks to journalists after having received from Italy's President Sergio Mattarella the mandate to form a new government at the Quirinale Palace, May 29, 2018.

    Italy's economy is in such a fragile state that even a minor recession could be very dangerous, according to a former director at the International Monetary Fund (IMF).

  • MILAN, Sept 7- Europe's San Marino is considering asking the International Monetary Fund for a loan of up to 300 million euros to shore up its banks, which are crippled by bad debts, two sources said. The nation of 34,000 people landlocked inside Italy has yet to recover from a deep recession caused by the global financial crisis a decade ago and its banks are swamped...

  • IMF SAYS IT IS ADVISING SAN MARINO ON HOW TO STABILISE ITS ECONOMY.

  • BUENOS AIRES/ SAO PAULO, Sept 6- Argentine equities and the peso currency jumped on Thursday, driven by growing optimism about talks between the government and International Monetary Fund to shore up the country's finances, though traders warned the gains were fragile. Late on Wednesday, Argentina's economy minister voiced "enormous confidence" about...

  • WASHINGTON/ BUENOS AIRES, Sept 6- The IMF said on Thursday that it aimed to wrap up negotiations with Argentina to strengthen a $50 billion financing deal as soon as possible, as markets showed some optimism on Argentine assets for a second day straight. Talks in Washington include Argentina's standby financing deal as well as "the potential of other forms of...

  • The hike to 18 percent from 17.5 percent coincided with the arrival of an International Monetary Fund mission, with time fast running out for Kiev to secure more money under a $17.5 billion assistance program that expires in 2019 but has been frozen since last year. The finance minister later said the fact that an IMF mission had come to Ukraine sent a positive...

  • BUENOS AIRES/ SAO PAULO, Sept 6- Argentine equities jumped almost 5 percent on Thursday amid tentative optimism about ongoing talks between the government and International Monetary Fund, though traders warned the gains were fragile. Despite some rebounds, it would be premature to interpret it as a change in the current complex environment, given that...

  • WASHINGTON, Sept 6- Argentina and the International Monetary Fund are making progress in their discussions to strengthen the $50 billion IMF-backed financial backstop for the Latin American country, with an aim "to conclude as rapidly as possible," IMF spokesman Gerry Rice said on Thursday. Progress is being made in those discussions, which are now continuing...

  • KIEV, Sept 6- Ukraine's central bank on Thursday raised its main interest rate by half a percentage point to 18 percent and warned that the government's ability to secure more foreign aid remained the major precondition to keeping prices in check. "Success in continuing cooperation with the International Monetary Fund remains the major precondition for...

  • BUENOS AIRES, Sept 5- Argentina's benchmark stock index jumped more than 4 percent on Wednesday and the peso currency appreciated after the government raised the prospect of a new deal with the International Monetary Fund after two days of talks in Washington. Argentine Economy Minister Nicolas Dujovne said he believed a deal to release early disbursements...