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IMF Releases Damning Report on Failures of Greek Bailout Deals

The International Monetary Fund (IMF) has released a damning report on the way its own staff failed to spot problems in the Eurozone, following the global credit crisis of 2007/8, and described the Greek bailouts a being ill-conside...

10 things you need to know before European markets open

Good morning! Here's what you need to know. The Bank of Japan tweaked monetary policy. The central bank voted to increase the amount of exchange traded funds it buys to an annual pace 6 trillion yen from the previous level of 3.3 trillion Yen. Britain will get a nuclear power station. Show More Summary

BOJ eases policy, expands ETF buying

TOKYO (Reuters) - The Bank of Japan expanded monetary stimulus on Friday through a modest increase in purchases of exchange-rated funds, yielding to pressure from the government and financial markets for bolder action to spur growth and accelerate inflation towards its 2 percent target. Show More Summary

Saudi Arabia GDP Growth to Slow to 1.2% in 2016, Budget Deficit to Narrow to 13%

International Monetary Fund (IMF) noted that Saudi inflation has grown to more than 4 percent because of an increase in energy and water prices.

IMF to Keep Ukraine Waiting for Second Tranche of Money

International Monetary Fund spokesperson said that IMF executive board will not be able to consider the second review to disburse assistance to Kiev before its recess this week.

Shame On You, Greeks!

The international torture of Greece continues. The lenders -- European and American banks, the European Commission, and America's International Monetary Fund -- demand Greece privatizes everything. This translates into selling Greece...Show More Summary

IMF Approves $45Mln Package to Aid Growth in Afghanistan

Deputy Managing Director stated that International Monetary Fund (IMF) executive board has approved a $44.9-million assistance package for Afghanistan to help the country increase growth.

Ukraine National Bank Expects $2.7Bln in 2, Not 3 IMF Tranches by Year-End

Ukrainian bank's Governor Valeriya Hontaryeva said that Kiev will receive two tranches instead of three from the International Monetary Fund (IMF).

Egypt Expects to Receive $12 Billion in IMF Aid Over Next 3 Years

Egypt is expecting to get $12 billion from the International Monetary Fund (IMF) in the next three years, the country’s Finance Minister Amr El-Garhy said.

Daily Headlines: July 27, 2016

Latin America: Analysts with the International Monetary Fund and the U.N. Economic Commission for Latin American and the Caribbean believe the economy of the Latin American region will contract this year by 0.4% and 0.8%, respectively. Show More Summary

IMF, Egypt Finalizing Agreement on 3-Year Support Program Worth $21Bln - Reports

Egyptian government said Tuesday it is in the final stages of three-month negotiations of the agreement with the International Monetary Fund (IMF) on a three-year support program worth $7 billion annually, media reported.

David Einhorn is back on his jelly donut kick

David Einhorn, founder of hedge fund Greenlight Capital, believes that Brexit means more monetary easing is on the way. And he explained this concept the same way he's been doing it for years — by talking about jelly donuts. "BrexitShow More Summary

Over Intransigence of Rich Countries, Developing Countries Win Mandate on Trade for Development

In the realm of institutions that govern the global economy, the United Nations Conference on Trade and Development (UNCTAD) stands out. While the International Monetary Fund (IMF), the World Bank, the Organization for Economic Cooperation...Show More Summary

IMF Board States Confidence in Lagarde Following Order to Stand Trial

The International Monetary Fund executive board expressed its confidence in Managing Director Christine Lagarde’s abilities to carry out her duties following the announcement that the IMF chief must stand trial over a multimillion-euro payout scheme, IMF Communications Director Gerry Rice said in a statement on Friday.

IMF's Christine Lagarde To Stand Trial, Court Rules

Christine Lagarde, the head of the International Monetary Fund (IMF) is to stand trial over a state payout to the French businessman Bernard Tapie, a court has ruled. She is facing charges of negligence over a payment to Tapie of €404...Show More Summary

IMF Chief Lagarde Will Have to Stand Trial in Tapie Case

Christine Lagarde, the head of the International Monetary Fund, will have to stand trial over her potential involvement in a multimillion-euro government payment to businessman Bernard Tapie, a French court ruled Friday.

Lagarde wants Brexit uncertainty to end

Uncertainty over Britain's vote to leave the EU is affecting global economic growth, warns IMF boss Christine Lagarde. ||| Beijing - The head of the International Monetary Fund on Friday called for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth. Show More Summary

Ukraine Gives Up Hope on Receiving IMF Tranche in July

Ukrainian Minister of Finance Oleksandr Danylyuk said that Kiev unlikely will receive next tranche of financial aid of the International Monetary Fund’s (IMF) this month.

New Program of Cooperation Between Moldova, IMF to Be Adopted in Fall

The International Monetary Fund (IMF) cooperation program with Moldova will be adopted in fall at an IMF Board of Directors session, Moldovan Prime Minister Pavel Filip said on Wednesday.

Brazil's Political Left Ousted The IMF, But New Leadership May Need It Back

The Petrobras scandal is Brazil's Brexit. An ex-IMF economist says the International Monetary Fund is needed to save Brazil once again.

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