The International Monetary Fund's executive board approved a $1.3 billion, three-year loan to Cyprus on Wednesday, part of a larger international bailout to help the Mediterranean country avoid defaulting on its debt.But IMF Managing...Show More Summary
The International Monetary Fund said on Wednesday it had approved a bailout of 1 billion euros (over $1.3 billion) for Cyprus, with the first installment of $110.7 million already allocated to the country’s government.
The International Monetary Fund (IMF) trimmed its sub-Saharan growth outlook yesterday to 5.4 percent in 2013 and 5.7 percent in 2014 but said that economic activity was being supported by rising investment and booming extractive industries. Show More Summary
Hurriyet reports that Turkey is clearing its debts to the International Monetary Fund: All of the debt Turkey owes to the International Monetary Fund (IMF) will be paid tomorrow, as the debt, which rounded up to $23.5 billion, will be...Show More Summary
Central banks want to add Chinese yuan and other emerging market currencies to their emergency cash stocks, according to a new International Monetary Fund survey, a change that could redefine the world's reserve currencies.
Egypt's new planning minister said he was confident the country would reach a deal with the International Monetary Fund. ||| Istanbul - Egypt's new planning minister said on Saturday he was confident the country would reach a deal with...Show More Summary
I’m a money manager with roots in policy economics. I worked at the US Treasury under both a Republican and a Democratic administration. I did a tour of duty at the International Monetary Fund as well. For most of the 90s, I was a sovereign debt specialist/negotiator—when emerging market debt crises were the center of the financial universe. Show More Summary
Toby Sterling/AP By TOBY STERLIN AMSTERDAM -- International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight Tuesday, in an appearance in Amsterdam that was interrupted by student protestors. Lagarde said the U.S. Show More Summary
Egyptian President Mohamed Mursi increased the influence of his Muslim Brotherhood over government in a reshuffle that replaced two ministers involved in crucial talks with the International Monetary Fund over a $4.8 billion loan.The...Show More Summary
AMSTERDAM (Reuters) - For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday.
Greece is “making progress” in overcoming “deep-seated problems”, the International Monetary Fund said. ||| Athens - Greece is “making progress” in overcoming “deep-seated problems”, the International Monetary Fund said on Monday, while adding that finding a way to get the economy growing again after years of recession was vital. Show More Summary
The International Monetary Fund's executive board approved a $932 million loan program for Jamaica. ||| Washington - The International Monetary Fund's executive board approved a $932 million loan program Monday for Jamaica aimed at helping the government begin cutting its borrowings and spark economic growth. Show More Summary
Back in 2010, Brad Reed wrote about the Irish bank bailout for C&L. In exchange for a loan of up to €90 billion from the European Union and the International Monetary Fund, Ireland will have to implement further austerity measures that involve raising taxes and cutting services. Show More Summary
The agreement was passed in the 56-seat parliament as expected with 29 votes in favor and 27 against. Cyprus struck the 23 billion euro ($30 billion) deal with its euro partners and the International Monetary Fund last month.
The International Monetary Fund's effort to negotiate a $4.8 billion loan with Egypt's government has hit new trouble on multiple fronts. First, Egypt's point person for the negotiations resigned, for reasons that remain unclear. Via...Show More Summary
Asia is gearing up for stronger growth in 2013, with the latest forecasts from international financial institutions and even noodle sales adding to the upbeat trend. According to the International Monetary Fund, the region will leadShow More Summary
A few hours ago, Greek lawmakers approved a reform law to unlock about €8.8 billion of rescue loans from the European Union and the International Monetary Fund. The law, which was a condition for further aid installments, passed easily with the solid backing of the three parties comprising Greece's ruling coalition, by 168 to 123 votes. Show More Summary
ATHENS (Reuters) - Greek lawmakers on Sunday approved a reform law to unlock about 8.8 billion euros ($8.9 billion) of rescue loans from the European Union and the International Monetary Fund.
BERLIN (Reuters) - Germany is not consolidating its own budget but policy overall is appropriate, Olivier Blanchard, chief economist of the International Monetary Fund was quoted as saying on Thursday.
LONDON (Reuters) - Britain finds out on Thursday if its stagnant economy has slipped back into recession, a week after the International Monetary Fund urged finance minister George Osborne to consider scaling back his austerity prog...