International Monetary Fund Stories
Greek drama needs political solution, even IMF: Italy
The crisis in Greece affects the whole of Europe and requires a political solution, which could even include a role for the International Monetary Fund , Italy's Economy Minister Giulio Tremonti said on Saturday.
China wants yuan in SDR in 2015: report
China is pushing for the yuan to be added to the basket of currencies that comprise the IMF's special drawing rights, aiming for its inclusion in 2015, Japanese daily Sankei Shimbun said on Saturday.
Yanukovich party pushes for Ukraine coalition
The party of President Viktor Yanukovich pushed for a change in the law on Thursday to ease the creation of a new ruling coalition, essential if Ukraine is to dig itself out of economic crisis and avoid elections.
Iceland down but not out if IMF flows delayed: central bank
Iceland can get by without more cash from the International Monetary Fund until it needs to refinance debt in 2011, although any big delay will hit its economy, a central banker said on Thursday.
Ukraine coalition collapses, no-confidence vote due
Ukraine's ruling coalition collapsed on Tuesday as newly elected President Viktor Yanukovich moved to oust Prime Minister Yulia Tymoshenko and consolidate power.
India keen to buy 191 tonnes of IMF gold
Will India go in for buying the 191 tonnes of gold that the International Monetary Fund (IMF) plans to sell soon? Yes, India is a potential buyer for the remaining stock of IMF gold that is to be sold in the open bullion market, analysts said on Wednesday.
Pakistan receives $349.3 million from U.S.
Pakistan received on Wednesday $349.3 million from the United States as part of a fund to help the U.S. ally sustain efforts to fight Islamist militancy, a central bank official said on Wednesday.
Greece problems must be solved in euro zone: Lagarde
Greece's fiscal problems must be solved within the euro zone rather than with the International Monetary Fund , French Economy Minister Christine Lagarde said in an interview published in a Greek newspaper on Sunday.
EU should spell out Greek support: minister
The European Union should be more specific on how it would support Greece in a crisis, to help lower the highly indebted country's borrowing costs now, Greek Finance Minister George Papaconstantinou said on Thursday.
Fed's Hoenig says fiscal strains pressuring Fed
Growing mountains of U.S. government debt will increase pressure on Federal Reserve to hold interest rates low, making it harder to avoid inflation, a senior Fed official said on Tuesday.
EU leaders reach deal to rescue Greece
European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.
EU finance ministers agreed IMF role in Greek aid: source
Euro area finance ministers agreed their countries would take determined and coordinated action to help Greece, drawing on IMF expertise but not the Fund's money, an EU government source said on Thursday.
EU summit gets to grips with Greece rescue plan
European Union leaders will lay the foundations for a financial bailout of Greece at a summit in Brussels on Thursday, but any package will demand deep fiscal and economic adjustments by Athens in return.
The Story Behind Greece's Woes and Bailout
European nations finally gave some public indications this week that they may orchestrate some sort of bailout for Greece as investors grow increasingly concerned.
Scenarios: What the EU and IMF could do to help Greece
European governments are considering various options to help heavily indebted Greece in what would be the first rescue of a euro zone member in the currency's 11-year history.
G7 reassures on Greece, talks tough on banks
Reassurances about debt-strapped Greece and agreement that banks should pay for future rescue funds capped an international meeting in Canada's Arctic, as European policymakers sought to convince jittery markets that they have things under control.
G7 focuses on Europe debt
Finance chiefs from the world's rich powers focused on the euro zone's debt crisis at an Arctic summit and a top official said Europe was determined to solve its problems without the International Monetary Fund.
Euro zone faces biggest strains since launch
Facing the most severe economic strains since its birth 11 years ago, the euro zone looks likely to hold together for now but the exit of some of its weaker members cannot be ruled out in the long term.
Global co-operation on financial reforms needed: IMF
International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday urged the United States, Britain and other countries to cooperate on new policies and regulations in the wake of the financial crisis.
U.S. growth spurt fans recovery hopes
An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakers in Davos.
IMF sharply raises global economic growth forecast
The International Monetary Fund sharply raised its global economic growth forecast, casting developing countries in a leading role while rich nations struggle with high unemployment and government debt.
Commodity currencies edge up on European stocks and IMF comments
The Australian dollar and the Canadian dollar rallied against the US dollar on news of the European stock market recovery and comments from various officials pledging their support for continued government stimulus.
IMF urges care as Europe worries recovery may slow
France raised its economic growth forecast for 2010 on Monday but the central banks of Germany and Italy offered more sobering readouts on the probable strength of the recovery from recession in Europe.
IMF chief: Double-dips a threat if exits come too soon
Developed countries may slip back into recession if they exit strategies taken to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday.
Iceland says signs Icesave likely to delay IMF aid
REYKJAVIK, Jan 13 (Reuters) - Iceland's economy minister said on Wednesday there were signs the country's IMF-led aid package would be delayed after a hitch in a deal to repay the UK and the Netherlands money lost in the island's banking collapse.
Key 2010 political risks in W.Europe
Whether Europe's most troubled economies have the political will to tackle record deficits will preoccupy investors in Western Europe in 2010, along with Britain's election and potential overspill from emerging market crises.
IMF approves $1.2 billion payment to Pakistan
The International Monetary Fund has approved a $1.2 billion aid payment to Pakistan after concluding a review of the country's economic performance, the fund said in a statement on Wednesday.
EU backs global financial transaction tax
The European Union urged the International Monetary Fund on Friday to pursue a global tax on financial transactions to limit the risk of another economic crisis, despite U.S. opposition.
Soros says has way to unlock climate finance
Billionaire financier George Soros told Reuters on Thursday he had found a way to unlock a stalemate on climate finance using International Monetary Fund assets.
Ambitious carbon pricing won't hurt recovery, says IMF
Governments can adopt more ambitious carbon pricing schemes to address the effects of climate change without harming the global economic recovery, the International Monetary Fund said on Friday.