International Monetary Fund Stories
California Surpasses France As World’s Sixth-Largest Economy
The most populous U.S. state has outpaced the rest of the country on job growth, California’s finance department said in its June bulletin this week.
China Faces Growing Vulnerabilities, Fewer Buffers To Deal With Shocks: IMF
China’s economy grew at its slowest pace in a quarter of a century last year, weighed down by weak demand at home and abroad.
Eurozone Hails $11.4B Greece-IMF Deal
Athens was offered debt relief beginning in 2018 if that is necessary to meet agreed criteria on its payments burden.
Greece Debt Crisis: Eurozone Expected To Pass $11.2 Billion In New Loans, Debt Relief Unlikely
Eurozone countries are expected to approve the loans, but Athens is unlikely to get debt relief because of the bloc’s differences with the International Monetary Fund.
Cyprus Elections: Conservative Party Takes Lead in Election, Far Right Earns Seats For First Time
Cyprus’ Democratic Rally party is ahead in the general election with 30.6 percent of the vote.
IMF Researchers Say Japan Monetary Easing Has Benefits For Asian Economies
Japan's extraordinarily easy monetary policy has increased growth and equity prices, IMF researchers have found.
Brexit: EU’s Aim To Unify Europe Is Similar To That Of Hitler’s, Says Former London Mayor
Boris Johnson, the former London Mayor, said during an interview that the 28-member bloc and Hitler shared the purpose to unify Europe under a “single authority.”
Brexit Fallout Could Be ‘Pretty Bad To Very, Very Bad,’ IMF Chief Warns
In comments made during a press conference Friday, the international lender added its voice to the growing chorus against the U.K.’s exit from the European Union.
UK’s Anti-Corruption Summit: Noble Intent, Half Measures?
Alleged tax havens, such as Panama and British Virgin Islands, have not been invited to the event being hosted by Prime Minster David Cameron.
IMF: Global Corruption Costs Trillions In Bribes, Lost Growth
Bribery and other transgressions undermine trust in government and erode the ethical standards of private citizens, IMF's managing director wrote.
How Russia And China Commit Tax Evasion: More Money Is Being Stashed In Offshore Accounts To Avoid Taxes
China, Russia and Saudi Arabia are funneling the most wealth out of their homelands, according to a new report.
Greek Debt Crisis: Eurozone Finance Ministers To Meet In Brussels As Talks Falter Over Contingency Measures
Finance ministers from the 19-nation eurozone will meet Monday to find common ground between Athens and its international creditors.
Greek Parliament Approves New Austerity Measures Amid Protests
Nearly 15,000 people protested tax hikes and pension cuts, which Greece will implement in exchange for another bailout.
Greek Finance Minister Calls IMF Contingency Measures Impossible To Legislate
The eurozone’s 19 finance ministers will meet in Brussels Monday to discuss Greece’s reform program and a proposed set of contingency measures.
Saudi Arabia To Reveal ‘Vision 2030’ Plan To Wean Economy Off Oil
On Monday, Deputy Crown Prince Mohammed bin Salman will unveil “Saudi Vision 2030,” which aims to minimize the kingdom’s dependence on oil revenue.
Serbia’s Vucic Seeks Mandate For EU Talks In Early Election
Aleksandar Vucic called the parliamentary ballot just two years after he became prime minister following a landslide election win for his conservative Progressive Party.
Greek Bailout Talks: Uncertainty Prevails Ahead Of EU Finance Ministers’ Meeting
Eurozone ministers meet in Amsterdam Friday to review reforms in Greece, which will decide if funds will keep flowing to the troubled economy.
Obama Heads To Saudi Arabia To Face Uneasy Middle East Allies
In Riyadh, the U.S. president faces a daunting task — mending strained relations with America’s traditional regional ally.
IMF Suspends Millions In Aid Dollars To Mozambique Over Hidden Debt
The IMF also canceled a planned trip to Mozambique this week after discovering the country allegedly had $1 billion in previously undisclosed government debt.
IMF, World Bank, UN, OECD Form New Group To Stop Tax Erosion
The group, announced Tuesday, will focus on building effective tax systems in developing countries, the partners said.
Panama Papers Fallout: US Treasury Plans Rules Aimed At Tax-Evading Shell Companies
The rule would require banks to identify if any of the beneficial owners of their new customers are companies, Treasury head Jack Lew said.
To Spur Global Economy, International Monetary Fund Leaders Urge ‘Growth-Friendly’ Policies During Tight Times
But amid limited resources and market uncertainties, it remained to be seen how many countries can heed the IMF and World Bank’s advice.
White House Warns On Dangers Of Brexit Ahead Of President Obama’s UK Visit Next Week
During a visit to Britain next week, President Obama will try to strike a balance over the possibility of Britain leaving the European Union.
IMF, World Bank Spring Meeting To Begin In Washington Amid Looming Global Growth Fears
The three-day meeting, which begins Friday, comes at a time when risks to global economic growth have intensified.
Ukraine MPs Approve Groysman For Prime Minister
Presidential ally Volodymyr Groysman’s appointment could end months of political infighting that has stalled efforts to tackle graft and delayed billions of dollars in foreign loans.
Bank Of England Keeps Key Interest Rate Steady At 0.5% As Brexit Uncertainty Looms
Low inflation and the prospect of Britain’s exit from the European Union were factors in the BoE’s decision, which was widely expected.
IMF Cuts 2016 Global Growth Forecast To 3.2%, Citing Low Oil Prices And China’s Economic Slowdown
The International Monetary Fund on Tuesday trimmed its forecast for 2016 to 3.2 percent, citing a slowdown in China, low oil prices and weakness in advanced economies.
IMF Likely To Trim 2016 Global Growth Forecast As Headwinds Persist
The International Monetary Fund, led by Christine Lagarde, forecast a “gradual” global growth of 3.4 percent for 2016 — a projection that is likely to be trimmed.
Ukraine's Poroshenko Urges Parliament To Vote In New Prime Minister [Video]
Ukrainian President Petro Poroshenko called on Monday (April 11) for members of parliament to swiftly create a new coalition.
IMF Chief Christine Lagarde Ramps Up Call For Global Action As Growth Risks Rise
The world economy’s prospects will decline further unless authorities take stronger action, International Monetary Fund head Christine Lagarde warned Tuesday.