单词 | IMF |
例句 | The IMF no longer has any trace of her in their records, but their secure channels worked well from the start, and that was thanks to her. The Woman All Spies Fear 2021-10-19T00:00:00Z It was the IMF’s job to prevent that from happening. The Woman All Spies Fear 2021-10-19T00:00:00Z That meant that the IMF dealt with highly confidential data about each country’s economy, assets, and currency. The Woman All Spies Fear 2021-10-19T00:00:00Z Did she instead take up work as a consultant elsewhere, as she had at the IMF? The Woman All Spies Fear 2021-10-19T00:00:00Z When France needed to devalue its currency, for example, they told the IMF in advance. The Woman All Spies Fear 2021-10-19T00:00:00Z Chami says the IMF has embraced his whale passion, though, asking him to present his findings at recent meetings. An economist quantifies how valuable whales are to fighting climate change 2019-11-11T05:00:00Z Judge Koeltl says IMF has failed to show sufficient admissible evidence that it is in fact the copyright owner of the Fellini film. Does anybody own Fellini's "La Dolce Vita"? 2010-04-14T04:46:00Z The crisis, known in Korea as the “IMF crisis” due to the tough bailout package that the International Monetary Fund forced Korea to accept, devastated many families. How Korean boy band BTS toppled Asian stereotypes — and took America by storm 2018-06-26T04:00:00Z The bubble's collapse since 2007 plunged Ireland into the deepest recession in the industrialized world, forcing the former "Celtic Tiger" to accept a humiliating bailout from the EU and the IMF. Irishman makes "billion-euro home" of shredded notes 2012-01-25T09:49:45Z I globetrotted a lot – most ministers did, still do – with the IMF funds, with my budgetary allocations, spending real cash. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z Mission: Possible: Agent Ethan Hunt is tasked with getting more toner for the IMF office printer. Style Invitational Week 1357: It’s parody time! 2019-11-07T05:00:00Z There were some very favorable turns on IMF loans. Alex Gibney on "Citizen K": Real-life thriller of an oligarch who turned against Vladimir Putin 2020-01-18T05:00:00Z A year later, IMF filed a registration with the US Copyright Office on a restoration copy of the Fellini film. Does anybody own Fellini's "La Dolce Vita"? 2010-04-14T04:46:00Z The fund is able to recruit the best and brightest from all over the world: the money is good and a job with the IMF is a very useful addition to any economist’s résumé. Everybody wants to rule the world 2014-08-14T04:00:00Z The hallmarks of his newspaper columns—a tone of absolute certainty, a fondness for numbered lists and copious IMF statistics—become exhausting over hundreds of pages. How to fix a broken system 2014-09-04T04:00:00Z As the characters in the IMF are told they must choose their mission, viewers should make the choice to pass on this one. Both "Mission: Impossible – Dead Reckoning" and Tom Cruise look and feel exhausted 2023-07-12T04:00:00Z Liberia and Sierra Leone's fragile postwar economies will shrink by 3.5% this year, the IMF said, meaning less money is likely to go into vital infrastructure and education projects. Ebola outbreak: US to send 3,000 troops to west Africa to fight epidemic 2014-09-16T04:00:00Z SDR is really a crossbreed of four of the world’s most significant currencies, and it’s used for particular kinds of settlements at the IMF. Class decides everything 2012-06-24T16:00:00Z Polls by six different pollsters indicated the only two parties supporting an EU/IMF bailout that is keeping Greece from bankruptcy would likely fall short of enough support to form a stable coalition government. Greeks maul pro-bailout parties: exit polls 2012-05-06T16:19:02Z Today, Chami still works his “day job” at the IMF, where he’s an expert in fragile states and remittances. An economist quantifies how valuable whales are to fighting climate change 2019-11-11T05:00:00Z Sadly, the result is a rather bland book replete with photographs that are about as exciting as one would expect pictures of IMF officials and meetings to be. Everybody wants to rule the world 2014-08-14T04:00:00Z IMF claims it was restored to copyright protection thanks to legislation enacted as part of an international treaty, but the court is dubious. Does anybody own Fellini's "La Dolce Vita"? 2010-04-14T04:46:00Z Overnight, the dollar crashes, supplanted on the international market by the “bancor,” a currency controlled by the New IMF. Lionel Shriver Imagines Imminent Economic Collapse, With Cabbage at $20 a Head 2016-07-11T04:00:00Z I happened to be living in Seoul as a Fulbright Fellow, and the IMF and Bill Clinton "intern" scandal dominated the Korean news for months, often thrown together, like Sae-byeok and Jiyoung. The "Squid Game" critique is also a love letter to a unified Korea 2021-11-01T04:00:00Z In May 2011, Dominique Strauss-Kahn, the head of the IMF and presumptive French presidential candidate, was arrested at JFK airport following an alleged assault on a hotel housemaid. Cannes 2014 review: Welcome to New York - Depardieu's grunting triumph exposes more than just himself 2014-05-18T04:00:00Z Consider the IMF Treaty, limiting intermediate-range nuclear weapons, which he signed with the Soviets in the last year of his presidency. Rick Perlstein's 'The Invisible Bridge' spans Nixon-Reagan transition 2014-07-31T04:00:00Z But the state is due to run out of money in December, when it has big debt repayments to meet, and by then needs the sixth instalment of its existing EU/IMF bailout package. Europe turns up heat on Greeks 2011-11-06T17:20:00Z The actor wasn't there because he was in the United States filming a movie about another Frenchman known for run-ins with the law, former IMF chief Dominique Strauss-Kahn, the lawyer said. Depardieu a no-show in court over drunk driving 2013-04-05T11:05:17Z As I'm talking to you right now, they've turned my swimming pool, my IMF swimming pool, into a fish pond. The Swimming Pool by Jekwu Anyaegbuna 2013-03-16T09:01:08Z The IMF warned back in December that unless there’s near-universal voluntary participation by the bondholders, it would be hard to achieve debt sustainability by 2020. Myths explain Greece 2012-06-25T15:15:00Z Out of government and newly installed at the IMF, Brown waited with growing impatience for Livingstone to bring Britain's ruined economy to Washington and plead for a bailout. What if John Smith had lived? 2011-04-07T20:00:15Z Senior EU, ECB and IMF officials from the "troika" of foreign lenders began meetings with the government on Friday to discuss reforms and plans to finalize that bailout package. Greece debt swap talks drag into weekend 2012-01-21T10:12:00Z Facing economic crisis in the early 1990s, Egypt signed on to the standard IMF stabilisation plan that called for cutting budgets, slashing subsidies and privatising public enterprises. Reading Piketty on the Nile 2016-02-04T05:00:00Z With the IMF disbanded, secret agent Ethan Hunt and his team face off against a shadowy group of highly trained operatives hellbent on creating a new world order. Summer Sneaks 2015: The List 2015-04-24T04:00:00Z So now are you maintaining with IMF, intermittent fasting? Penn Jillette does the math: America's next big magic star will be a woman 2019-07-04T04:00:00Z But it is likely to govern for only a few months, too short a time to finish carrying out reforms demanded by the EU and IMF to make the Greek economy more efficient and competitive. Europe turns up heat on Greeks 2011-11-06T17:20:00Z Maybe this branch of the Impossible Mission Force swung a loan from the International Monetary Fund — the other IMF. Mission: Impossible 4: Cruise Control 2011-12-16T21:29:31Z After Star Trek ended, Nimoy took a role as IMF Agent Paris, a former magician, in the spy show Mission: Impossible. Leonard Nimoy Was So Much More Than Mr. Spock 2015-02-27T05:00:00Z This is Mexico's tenth flexible credit line arrangement since 2009, and the country has reduced amounts of the lines granted in recent years, the IMF said. IMF approves $35 bln credit line for Mexico 2023-11-16T05:00:00Z Analysts suggest the devaluation may have been a condition for securing the IMF credit facility. Malawi's President Chakwera bans himself and his cabinet from foreign travel 2023-11-16T05:00:00Z The IMF has internally hardened its view on the program and could get tougher on disbursements, meaning the next $3 billion is no longer a given. Argentina investors brace for financial pain no matter who wins presidency 2023-11-16T05:00:00Z The release of the $700 million still must be approved by the IMF’s management and executive board, though such approvals are generally a formality. Pakistan and IMF reach preliminary deal for releasing $700 million from $3B bailout fund 2023-11-15T05:00:00Z The IMF says such economic “fragmentation’’ is damaging to the world. A fragile global economy is at stake as US and China seek to cool tensions at APEC summit 2023-11-11T05:00:00Z "Mexico's macroeconomic policies and institutional policy frameworks remain very strong," Gita Gopinath, the IMF's First Deputy Managing Director, said in the statement. IMF approves $35 bln credit line for Mexico 2023-11-16T05:00:00Z Government measures to shore up the economy have repeatedly fallen flat this year, which has not deterred China's central bank from professing the 5% growth target can be achieved, a view the IMF shares. Take Five: That rate cut trade 2023-11-10T05:00:00Z But based on standing IMF forecasts from last month, full year real U.S. Central banks need a word with budget masters: Mike Dolan 2023-11-10T05:00:00Z It said the IMF officials apprised Kakar of the status of the staff negotiations conducted in Islamabad. Pakistan and IMF reach preliminary deal for releasing $700 million from $3B bailout fund 2023-11-15T05:00:00Z Spokespeople for the IMF and the Fed did not have a comment. Climate activists briefly disrupt Fed chair's speech 2023-11-09T05:00:00Z Powell nodded to that risk in his IMF appearance, saying that Fed is "not going to ignore" a significant tightening in financial conditions and does not want to overtighten policy. Fed's Powell, others, not ready to call policy peak 2023-11-09T05:00:00Z Spokespeople for the IMF and the Fed did not have any immediate comment. Fed's Powell resumes speech at IMF after climate activists' protest 2023-11-09T05:00:00Z That could include the country's $18 billion currency swap line with China, which has helped cash-strapped Argentina pay back its IMF debt. Argentina election puts China, Brazil ties in the spotlight 2023-11-09T05:00:00Z The Washington-based IMF said that cost of underestimating inflation’s persistence could be painfully high and result in another painful round of rate hikes that could rob the economy of a large chunk of growth. International Monetary Fund warns Europe against prematurely declaring victory over inflation 2023-11-08T05:00:00Z Still, growth is broadly in line with expectations and a "soft landing" is still the IMF's main scenario rather than a deeper recession, Kammer added. ECB must keep rates at or near 4% through 2024 to get inflation down -IMF 2023-11-08T05:00:00Z Although the IMF's move can perhaps be seen as just lagging the private sector, it does come only a few weeks after it released its World Economic Outlook. Morning Bid: Drawing support from Wall Street, Fedspeak 2023-11-07T05:00:00Z The proposal would largely follow a U.S.-backed plan that would enhance IMF lending resources but delay any IMF shareholding increases for China, India, Brazil and other fast-growing emerging market economies. IMF board approves plan to boost lending resources without shareholding changes 2023-11-07T05:00:00Z The IMF also weighed in on Wednesday by arguing tighter monetary and fiscal policy was needed in order to bring inflation back to the RBA's target band of 2-3%. Australia rate risk grows as house prices jump and IMF chimes in 2023-11-01T04:00:00Z Historically, it takes an average of three years to return inflation to lower levels, while some anti-inflation campaigns have taken even longer, the IMF said. International Monetary Fund warns Europe against prematurely declaring victory over inflation 2023-11-08T05:00:00Z While the IMF sees price growth back at target in 2025, an exceptionally tight labour market could push this date back to 2026, it warned. ECB must keep rates at or near 4% through 2024 to get inflation down -IMF 2023-11-08T05:00:00Z In its World Economic Outlook released last month, the IMF cut next year's growth estimate for Asia to 4.2% from 4.4% projected in April, and down from 4.6% forecast for this year. Asia's factories squeezed as China's nascent recovery teeters 2023-11-01T04:00:00Z But the IMF said the board requested an accelerated timetable for developing options to guide realignment of the Fund's quota formula by June 2025. IMF board approves plan to boost lending resources without shareholding changes 2023-11-07T05:00:00Z In a report that is yet to be presented to the IMF Executive Board, the staff said the slowdown in inflation in Australia is slow and core inflation remains sticky. IMF staff recommends further tightening of monetary policy in Australia 2023-11-01T04:00:00Z Alfred Kammer, director of the IMF’s Europe department, warned against “premature celebration” as he spoke to journalists in connection with the outlook. International Monetary Fund warns Europe against prematurely declaring victory over inflation 2023-11-08T05:00:00Z Real wages also have some way to go catch up with inflation and this could also keep up the price pressure, the IMF said. ECB must keep rates at or near 4% through 2024 to get inflation down -IMF 2023-11-08T05:00:00Z The bill would stop state sponsors of terrorism from receiving drawing rights through the International Monetary Fund without congressional authorization, citing Iran, China and Russia as benefiting from the IMF. Sen. John Kennedy on Iran: Stop sending money, start reissuing sanctions 2023-10-26T04:00:00Z In April, the IMF concluded that Egypt’s financing needs for the year were equal in size to 35% of its gross domestic product. Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z Even Russia is expected to grow this year, the IMF says. Europe’s central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy 2023-10-25T04:00:00Z China has been reluctant to support the funding increase without an increase in its IMF shares, but Yellen said the "equi-proportional" quota increase is "pretty likely" to succeed. US 'frankly raised' disagreements with China at first financial working group meeting 2023-10-25T04:00:00Z "Risks remain skewed toward more persistent inflation," the IMF said in a report. ECB must keep rates at or near 4% through 2024 to get inflation down -IMF 2023-11-08T05:00:00Z The 51-year-old insisted that austerity measures passed by his government were the result of the IMF debt run up by the previous centre-right administration. Argentina presidential election: Javier Milei and Sergio Massa head for run-off vote 2023-10-22T04:00:00Z Nearby Jordan is struggling due to slower economic growth and less foreign investment, according to the IMF. Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z He says austerity measures passed by his government are the result of the IMF debt run up by the previous centre-right administration. Argentina votes in election rocked by radical candidate 2023-10-22T04:00:00Z Last week, a senior IMF official characterized the talks in the same way. El Salvador's Bukele says expects IMF deal after next year's election 2023-10-20T04:00:00Z Central banks in the region, however, should guard against easing monetary policy prematurely, the IMF added. IMF says China property slowdown will weigh on Asia's growth 2023-10-18T04:00:00Z Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. Insight: As global debt worries mount, is another crisis brewing? 2023-10-16T04:00:00Z The country’s leaders reached a tentative agreement with the IMF in April 2022 for a bailout package but they have not implemented most of the reforms required to finalize the deal. Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z But conflicts remain the biggest challenge to the global economy, said Josh Lipsky, a former IMF official who directs the Atlantic Council's GeoEconomics Center. IMF, World Bank 'impotent' on Israel-Gaza war shock as reforms edge forward 2023-10-16T04:00:00Z There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil, but actions taken at the meetings may delay them. Key takeaways from IMF/World Bank meetings in Morocco 2023-10-16T04:00:00Z The IMF's 2023 outlook for Asia and the Pacific was brighter, with IMF calling it "the most dynamic region this year". IMF says China property slowdown will weigh on Asia's growth 2023-10-18T04:00:00Z Sri Lanka has struck deals with creditors China and India, as part of an effort to restructure its debt and pave the way for the approval of the IMF's $2.9bn bailout package. China's roads win hearts in South Asia - but at a cost 2023-10-14T04:00:00Z The IMF warned in a report earlier this year that without reforms, public debt in the small, crisis-ridden country could reach nearly 550% of GDP. Israel-Hamas war could threaten already fragile economies in Egypt, Lebanon and Jordan 2023-10-25T04:00:00Z The inability to respond extended to chair's statements issued by the Group of 20 major economies and the IMF and World Bank steering committees, which failed to mention the conflict. IMF, World Bank 'impotent' on Israel-Gaza war shock as reforms edge forward 2023-10-16T04:00:00Z IMF member countries pledged to increase quota contributions by year-end to help ensure the Fund has adequate lending firepower to respond to another large-scale crisis. Key takeaways from IMF/World Bank meetings in Morocco 2023-10-16T04:00:00Z Most agreed it was too early to say how Middle East strife would affect a global economy which IMF chief economist Pierre-Olivier Gourinchas described as "limping along, not sprinting". Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z The IMF sees foreign exchange intervention as justified only when there is a severe dysfunction in the market, a heightening of financial stability risks, or a de-anchoring of inflation expectations, Panth said. IMF sees recent yen falls as reflecting fundamentals 2023-10-14T04:00:00Z Indian Finance Minister Nirmala Sitharaman on Friday backed the U.S. plan as an "immediate, temporary solution" to the need to add quickly to boost IMF funding. Yellen says US-backed IMF funding increase is 'pretty likely' 2023-10-13T04:00:00Z Yellen was speaking in an interview on the sidelines of the IMF and World Bank annual meetings. Yellen says U.S.-backed IMF funding increase is "pretty likely" 2023-10-13T04:00:00Z Vitor Gaspar, head of the IMF's fiscal division, warned current subsidies-based policies were failing to deliver net zero emissions and that scaling them up would explode public debt without carbon pricing to generate revenue. Key takeaways from IMF/World Bank meetings in Morocco 2023-10-16T04:00:00Z Vitor Gaspar, head of the IMF's fiscal division, warned current subsidies-based policies were failing to deliver net zero emissions and that scaling them up would explode public debt. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z In its World Economic Outlook, the IMF cut China's growth forecast for this year to 5.0% from 5.2% in April, and warned that its property sector crisis could deepen with global spillovers. Analysis: IMF warning on China puts 'Japanization' risk in spotlight 2023-10-13T04:00:00Z British Finance Minister Jeremy Hunt told reporters that while he had confidence the U.S. plan would succeed, shareholdings need to be adjusted to ensure the IMF's credibility. Yellen says US-backed IMF funding increase is 'pretty likely' 2023-10-13T04:00:00Z Under the U.S.-backed plan, IMF member countries would each contribute towards an increase in quotas in proportion to their current shareholdings to boost the Fund's lending power. Yellen says U.S.-backed IMF funding increase is "pretty likely" 2023-10-13T04:00:00Z The IMF attributed its downward revision to weaker consumer confidence, subdued global demand and a crisis in the property sector that has made a big dent in business activity. China’s inflation data show economy in doldrums despite a slight improvement in trade 2023-10-13T04:00:00Z High interest rates will put some borrowers in more precarious positions, the IMF warned in its Global Financial Stability Report. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z The next tranche - worth $330m - has been on hold since last month after Sri Lanka and the IMF failed to agree on the terms for its disbursement. Sri Lanka crisis: Colombo reaches debt deal with China 2023-10-13T04:00:00Z Sri Lanka needs to reach agreements with creditors to push forward its first review of the IMF programme, which will release a second tranche of about $334 million. Sri Lanka president to visit China as debt talks progress - source 2023-10-13T04:00:00Z Decisions on how to shift the IMF's shareholding formula would be left to a later date. Yellen says U.S.-backed IMF funding increase is "pretty likely" 2023-10-13T04:00:00Z IMF Managing Director Kristalina Georgieva told reporters the Group of 20 Common Framework for debt restructuring had been slow to deliver results, but welcomed the acceleration of timelines in recent individual country cases, including Zambia. IMF, World Bank see progress on debt relief as Zambia poised to sign deal 2023-10-12T04:00:00Z There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z Hopes were high that Sri Lanka would reach a deal with other creditors at the IMF and World Bank annual meetings in Marrakech this week, but they have reportedly been struggling to reach a consensus. Sri Lanka crisis: Colombo reaches debt deal with China 2023-10-13T04:00:00Z "This is a really big success," Schulze told reporters at the annual meetings of the International Monetary Fund and IMF. World Bank governors endorse 'liveable planet' vision - German minister 2023-10-12T04:00:00Z Authorities hope this will anchor their debt restructuring program and facilitate approval of the next tranche of IMF financing of about US$334 million. Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag 2023-10-12T04:00:00Z News about Zambia's imminent deal with its official creditors emerged during a panel on debt at the annual meetings of the IMF and World Bank. IMF, World Bank see progress on debt relief as Zambia poised to sign deal 2023-10-12T04:00:00Z A U.S. proposal to boost IMF lending power but save a review of shareholdings in the fund till later won broad support. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z Colombo secured a $3bn loan from the IMF earlier this year. Sri Lanka crisis: Colombo reaches debt deal with China 2023-10-13T04:00:00Z The IMF can lend its members a total amount of $1tn. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z An IMF team reviewing Sri Lanka’s reform program delayed releasing a second tranche of IMF financing last month, saying it lacked oversight on whether adequate progress was being made on debt restructuring. Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag 2023-10-12T04:00:00Z During a panel in Marrakech this week, IMF economist Daniel Lee said the organization is “mainstreaming climate change in policy advice, capacity development and lending.” IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z International Monetary Fund countries agreed on Saturday to a "meaningful increase" in the fund's lending resources by year-end as IMF Managing Director Kristalina Georgieva warned the Israel-Gaza conflict was adding to global economic uncertainty. Key takeaways from the IMF/World Bank meetings 2023-10-14T04:00:00Z With the UK experiencing particularly stubborn inflation, the IMF has cautioned that interest rates may stay close to current levels for five years; some Bank officials have also suggested they are unlikely to fall soon. Higher rates punish low paid, says Bank's Swati Dhingra 2023-10-11T04:00:00Z In 2002, Brazil obtained IMF loans to avoid defaulting on its debts. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z IMF officials said the government needs to improve its tax administration, eliminate exemptions and crack down on tax evasion. Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag 2023-10-12T04:00:00Z Lee pointed to an IMF program that launched last year to help poor countries address problems like climate change. IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z A day earlier, IMF chief economist Pierre-Olivier Gourinchas said it was “too early” to assess the impact on global economic growth from the days-old war between Israel and the militant Palestinian group Hamas in Gaza. Live: Live updates | Day 5 of the latest Israel-Palestinian war 2023-10-11T04:00:00Z IMF chief economist Pierre-Olivier Gourinchas said "forceful action" was needed to clean up China's real estate sector and while authorities had taken some steps, more work was needed. ASIA Fed pivot begins to crystallize 2023-10-10T04:00:00Z The conditions which the IMF imposes on the countries it lends money to have sometimes been criticised for being too harsh. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z The IMF agreed in March of this year to a $2.9 billion bailout package after receiving assurances from China that cleared a last hurdle in sealing an agreement. Sri Lanka says it has reached an agreement with China’s EXIM Bank on debt, clearing IMF funding snag 2023-10-12T04:00:00Z He added that “the challenges are enormous” because of strict conditions to get IMF and World Bank funding. IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z He said the IMF was “monitoring the situation closely” and noted that oil prices have risen by about 4% in the past several days. IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty 2023-10-10T04:00:00Z Stronger growth is being throttled by the lingering impact of the pandemic, the Ukraine war and increasing fragmentation, along with rising interest rates, extreme weather events and shrinking fiscal support, the IMF said. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z After it received bailout loans from the IMF, Greece had to make significant changes to its economy. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z It was that exceptional U.S. economic strength the International Monetary Fund spotlighted in its latest World Economic Outlook, released at the annual meetings of the IMF and World Bank in Marrakesh on Tuesday. Morning Bid: 'Remarkable' US markets surf crosscurrents 2023-10-10T04:00:00Z “That fact alone — illegitimate governments — would constrain their ability not just to meet the requirements set by IMF and the World Bank for funding, but indeed, to access such support,” Mimiko said. IMF and World Bank are urged to boost funding for African nations facing conflict and climate change 2023-10-11T04:00:00Z The United States is a standout in the IMF’s latest World Economic Outlook, which was completed before the outbreak of war between Israel and Hamas. IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty 2023-10-10T04:00:00Z The IMF said uncertainty had narrowed since its April forecasts, but there were still more downside than upside risks for 2024. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z Critics said the austerity policy which the IMF insisted Greece followed - intended to get government borrowing down - was excessive and damaged its economy and society. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z While the IMF cut its growth forecast for China and the euro area, it left its overall global forecast unchanged due to what it called the "remarkable strength" of the U.S. economy. Morning Bid: 'Remarkable' US markets surf crosscurrents 2023-10-10T04:00:00Z The IMF again expressed concern that the countries of the world were breaking into geopolitical blocs that could limit international trade and economic growth globally. IMF outlook worsens for a world economy left ‘limping’ by shocks like Russia’s war 2023-10-10T04:00:00Z The IMF adjusted this year's stress test to probe the impact of its baseline economic scenario of higher interest rates for longer, as well as the possibility of consumers yanking deposits. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z The IMF noted that investment was uniformly lower than before the pandemic, with businesses showing less appetite for expansion and risk-taking given higher interest rates, stricter lending conditions and less fiscal support. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z Two organisations were later set up to meet these aims: the IMF and the World Bank. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z However, the Treasury said recent revisions to UK growth had not been factored in to the IMF's report. IMF says UK faces five more years of high interest rates 2023-10-10T04:00:00Z “We see a global economy that is limping along,” IMF chief economist Pierre-Olivier Gourinchas told reporters ahead of the IMF and World Bank’s fall meetings this week in Marrakech, Morocco. IMF outlook worsens for a world economy left ‘limping’ by shocks like Russia’s war 2023-10-10T04:00:00Z Weak banks were considered those whose capital levels fell by more than five percentage points over the course of the IMF's stress test, or below a floor of 7%. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z Gourinchas said the forecasts generally pointed to a soft landing, but the IMF remained concerned about risks related to China's property crisis, volatile commodity prices, geopolitical fragmentation and a resurgence in inflation. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z The UK was one of the IMF's original members, joining in 1945. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z The IMF says the UK's immediate prospects are being weighed down by the need to keep interest rates high to control inflation, which has been falling but remains stubbornly above target. IMF says UK faces five more years of high interest rates 2023-10-10T04:00:00Z Elsewhere, the IMF and World Bank annual meetings in Morocco get into full swing, with a range of leading global policymakers set to speak. Morning Bid: Markets regain footing with focus back on Fed 2023-10-10T04:00:00Z The IMF did not identify the banks that could be in trouble if those economic circumstances arose, but they included both small and large lenders. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z He said the IMF was monitoring the situation, noting that oil prices had risen some 4% in recent days, reflecting concerns that production or transport of oil could be interrupted. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z At the time, it was the largest amount ever requested from the IMF. IMF: What is it and why does it matter? 2023-10-10T04:00:00Z The IMF expects inflation to be higher in the UK than in any other G7 country both this year and next year. IMF says UK faces five more years of high interest rates 2023-10-10T04:00:00Z The IMF and World Bank annual meetings in Morocco kick into gear on Tuesday, with U.S. Morning Bid: All boats rise on safe-haven, Fed view 2023-10-09T04:00:00Z Governments need to aggressively supervise their banks, and examiners must be more "intrusive" and direct lenders must take more "timely and conclusive" corrective action, the IMF said. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z Research by the IMF showed a 10% increase in oil prices would dampen global output by about 0.2% in the following year and boost global inflation by about 0.4%, he said. IMF says global economy 'limping along', cuts growth forecast for China, euro zone 2023-10-10T04:00:00Z The Oct. 9-15 annual meetings in Marrakech are expected to focus heavily on increasing resources for the IMF and the World Bank, both potentially contentious moves. World Bank urges cooling of Israel-Gaza conflict as annual meetings start 2023-10-09T04:00:00Z Whether Ukraine would be able to raise fresh funds from capital markets is unclear, as IMF programmes generally do not envisage that countries can seek non-concessional funding whilst undergoing a debt overhaul. Exclusive: Ukraine sounds out bondholders on debt restructuring, new financing -sources 2023-10-09T04:00:00Z While analysts say the North African nation can manage without IMF support in the short-term, they are much less confident about its outlook for the years ahead. Analysis: Tunisia faces rising pressure, record IMF delay over lack of reforms 2023-10-09T04:00:00Z The report was issued as global financial leaders gathered in Marrakech, Morocco, for the IMF and World Bank annual meetings. IMF says 'weak tail' of banks could struggle in an economic downturn 2023-10-10T04:00:00Z The Brazilian official, who spoke on condition of anonymity because the IMF quota discussions are private, said negotiations in Marrakech would be "intense" but the U.S. proposal was not the only solution. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z The official said that IMF and World Bank funding packages the Treasury has proposed should have some bipartisan appeal in Congress. Yellen heads to Morocco IMF-World Bank meetings in shadow of US political chaos 2023-10-06T04:00:00Z Amid these tensions, the IMF and World Bank are trying to boost their lending. Take Five: An uneasy calm 2023-10-06T04:00:00Z An IMF spokesperson did not immediately reply to a request for comment on the current status of Tunisia's programme. Analysis: Tunisia faces rising pressure, record IMF delay over lack of reforms 2023-10-09T04:00:00Z The IMF's last Global Financial Stability Report, issued in April, showed risks to the financial system were top of mind after several high-profile U.S. bank failures in the prior month. Global economy's glide to 'soft landing' gets bumpy as bond yields jump 2023-10-06T04:00:00Z A delay would be a major disappointment for the IMF after contentious 2019 negotiations left quota resources and shareholding untouched. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z "Can the Egypt IMF programme get larger financially is the big question for the meetings," Smith said referring to Cairo's $3 billion loan. Emerging economies face China and rate pressures as IMF, World Bank meet 2023-10-06T04:00:00Z And on top of all that, the central bank is now under scrutiny from both within the country and the IMF. How Ghana's central bank lost $5bn in one year 2023-10-05T04:00:00Z Talks on the IMF 48-month arrangement have been in limbo after Saied rejected terms including cutting subsidies and reducing the public wage bill, saying the "diktats" laid down by the international lender were unacceptable. Analysis: Tunisia faces rising pressure, record IMF delay over lack of reforms 2023-10-09T04:00:00Z The IMF releases its official growth forecasts Tuesday. IMF chief says the global economy has shown resilience in the face of COVID, war and high rates 2023-10-05T04:00:00Z But some development experts say that a delay, perhaps until after U.S. elections in 2024, may be an easier path forward, partly because the IMF is not in danger of running short of resources. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z The World Bank, IMF and other multilateral development banks are under pressure to boost lending to poorer countries to fund development and tackle climate change. Emerging economies face China and rate pressures as IMF, World Bank meet 2023-10-06T04:00:00Z Under the terms of the IMF loan, if the government demands more bailouts, the bank will have no choice but to refuse. How Ghana's central bank lost $5bn in one year 2023-10-05T04:00:00Z A $1 billion European Union pledge of support is, however, conditional on Tunisia receiving an IMF programme. Analysis: Tunisia faces rising pressure, record IMF delay over lack of reforms 2023-10-09T04:00:00Z The IMF chief's somber message comes days before finance ministers and central bankers from 190 countries gather in Marrakech for a week of meetings about the risks facing the global economy. IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound 2023-10-05T04:00:00Z "The Fund's not tight," said Mark Plant, a former IMF official now with the Center for Global Development. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z Sri Lanka is in talks with the IMF on the first review of a $2.9 billion programme. Emerging economies face China and rate pressures as IMF, World Bank meet 2023-10-06T04:00:00Z Sri Lanka failed to reach an agreement with the IMF in its first review of the bailout package last month, due to a potential shortfall in government revenue. Sri Lanka resumes rate cuts to boost growth as inflation ebbs 2023-10-05T04:00:00Z Meloni has travelled to Tunisia in person to promote progress on the country's IMF programme. Analysis: Tunisia faces rising pressure, record IMF delay over lack of reforms 2023-10-09T04:00:00Z IMF analysis showed that 100 emerging and low-income countries - including most African nations - lacked sufficient resources and access to swap lines, leaving them exposed in the event of a financial crisis, she said. IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound 2023-10-05T04:00:00Z The IMF argues that the increased resources are "vital" to safeguard the global economy against future shocks. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z The South American economy's reserves are negative and it has to pay back a record $44 billion IMF loan that is off track, with a presidential vote looming on Oct. Emerging economies face China and rate pressures as IMF, World Bank meet 2023-10-06T04:00:00Z The central bank's governor, P. Nandalal Weerasinghe, said the country was trying to get the first review completed by the end of October and approval by the IMF Board in November. Sri Lanka resumes rate cuts to boost growth as inflation ebbs 2023-10-05T04:00:00Z Sri Lanka, however, failed to reach an agreement with the IMF in its first review of the bailout package last month, due to a potential shortfall in government revenue. Sri Lanka resumes rate cuts to boost growth as inflation cools 2023-10-05T04:00:00Z The IMF, which has provided about $320 billion in financing to 96 countries since the pandemic, also needed to bolster its lending capacity, Georgieva said, urging member countries to act to increase its quota resources. IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound 2023-10-05T04:00:00Z The U.S. is by far the IMF's largest shareholder with 16.5% of voting power. US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z The IMF said last week its mission had begun its second review of a $15.6 billion multi-year loan program for the country. IMF team to begin meeting officials in Ukraine 2023-10-01T04:00:00Z The IMF view is roughly in line with private forecasters as China's recovery from COVID-19 lockdowns falters and a massive downturn in its property sector weighs on consumer demand. IMF sees signs China stabilizing, says reforms can boost medium-term growth 2023-09-28T04:00:00Z According to IMF figures, per capita income in Gaza is only a quarter of that of Palestinians in the Israeli-occupied West Bank. Israel reopens Gaza crossings, lets Palestinians back to work after two weeks 2023-09-28T04:00:00Z Martinez Maino, part of Bullrich's economic team, stressed in an interview that the candidate will seek the IMF's support in a push to attract fresh investment for the ailing economy, South America's second biggest. Argentina's Bullrich rules out borrowing more from IMF if victorious 2023-09-27T04:00:00Z Martin Muhleisen, a former IMF strategy chief, said the plan "puts the Chinese on the spot to agree". US faces pushback on plan to bolster IMF funding without shareholding changes 2023-10-06T04:00:00Z "An IMF team, led by Uma Ramakrishnan, Deputy Director of the Fund's European Department, starts meetings today in Kyiv with the Ukrainian authorities and other stakeholders," Stepanyan said in a statement. IMF team to begin meeting officials in Ukraine 2023-10-01T04:00:00Z "Sri Lanka has made commendable progress in implementing difficult but much-needed reforms. These efforts are bearing fruit as the economy is showing tentative signs of stabilisation," the IMF said in a statement. New IMF funds for Sri Lanka may face delay after review sees revenue shortfall 2023-09-27T04:00:00Z The government has since focused on restructuring debt and reducing its spending to gain access to a $3 billion, three-year IMF loan programme. Ghana ex-trade minister quits ruling party to run for president 2023-09-25T04:00:00Z The advisor claimed that IMF officials would likely support Bullrich's approach. Argentina's Bullrich rules out borrowing more from IMF if victorious 2023-09-27T04:00:00Z Vahram Stepanyan, IMF's resident representative, said in a statement that the discussions with the Ukrainian government would be held on recent economic developments and fiscal, financial and structural policies. IMF mission starts second review of Ukraine programme 2023-09-25T04:00:00Z It added that negotiations with the IMF were proceeding "fruitfully and positively" in accordance with the terms of the program concluded with the Fund. Egypt says IMF agrees to merge first two reviews of reform program 2023-09-23T04:00:00Z The IMF delegation said despite early signs of stabilisation, full economic recovery is not yet assured and growth momentum remains subdued. New IMF funds for Sri Lanka may face delay after review sees revenue shortfall 2023-09-27T04:00:00Z But she defended its focus so far on climate change after a top US official said the IMF "should not be experts on climate issues". IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z The IMF's press office did not immediately respond to a request for comment on the advisor's remarks. Argentina's Bullrich rules out borrowing more from IMF if victorious 2023-09-27T04:00:00Z Ukraine has already received about $3.6 billion from the IMF so far this year, according to finance ministry data. IMF mission starts second review of Ukraine programme 2023-09-25T04:00:00Z Georgieva said in an exclusive interview the messages will be delivered to Chinese authorities in a forthcoming IMF "Article IV" review of China's economic policies. IMF to urge China to shift growth model towards consumption, Georgieva says 2023-09-15T04:00:00Z Despite revenue mobilisation having improved relative to last year, the IMF said revenue was expected to fall short of initial projections by nearly 15% by year end. New IMF funds for Sri Lanka may face delay after review sees revenue shortfall 2023-09-27T04:00:00Z US officials have been pushing to refine the IMF's mission. IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z Georgieva said in an exclusive interview that the messages will be delivered to Chinese authorities in a forthcoming IMF "Article IV" review of China's economic policies. IMF to urge China to shift growth model, Georgieva says 2023-09-15T04:00:00Z Lebanon started talks with the IMF in 2020 to try reach an approved bailout, but since reaching a preliminary agreement with the IMF last year, the country’s leaders have been reluctant to implement needed reforms. IMF warns Lebanon that the country is still facing enormous challenges years after a meltdown began 2023-09-15T04:00:00Z The IMF is preparing to issue a new set of global growth forecasts ahead of IMF and World Bank annual meetings Oct. 9-15. IMF to urge China to shift growth model towards consumption, Georgieva says 2023-09-15T04:00:00Z Sri Lanka accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, taking it a step towards meeting debt restructuring requirements ahead of the IMF review. New IMF funds for Sri Lanka may face delay after review sees revenue shortfall 2023-09-27T04:00:00Z Founded after World War Two to promote international economic stability, the IMF is known for low-cost loans to governments in distress. IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z Pressure, however, is building inside and outside the IMF to ensure Argentina's treatment is in line with those of other countries. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z “Lebanon has not undertaken the urgently needed reforms, and this will weigh on the economy for years to come,” the IMF statement said. IMF warns Lebanon that the country is still facing enormous challenges years after a meltdown began 2023-09-15T04:00:00Z Pakistan was saved from default earlier this year after securing a further $3 billion bailout disbursement from the IMF. Subway launches first 3-inch sandwich to tackle inflation 2023-09-14T04:00:00Z "The rebound of real GDP growth is fading. Inflation is projected to stabilize at a low level over the medium term," the IMF said. IMF says global debt fell as share of GDP in 2022, may resume rising trend 2023-09-13T04:00:00Z Republicans have been especially vocal critic on this subject, but the White House has also held up the IMF - and its fellow international financial institution, the World Bank - for scrutiny. IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z Analysts said the IMF needs to take a harder stance when a new government takes power after elections in October. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z The IMF said that all official exchange rates should be unified at the market exchange rate. IMF warns Lebanon that the country is still facing enormous challenges years after a meltdown began 2023-09-15T04:00:00Z More modern districts of Marrakech escaped largely unscathed, including a site near the airport earmarked for IMF and World Bank meetings due to be held next month. Morocco quake: death toll rises to 2,901 2023-09-12T04:00:00Z More modern parts of Marrakech largely escaped unscathed, including a site near the airport earmarked for IMF and World Bank meetings due to be held next month. Morocco quake: death toll rises to 2,901 2023-09-12T04:00:00Z Mark Plant, a senior policy fellow at the Center for Global Development, said the White House wanted the IMF to have the right focus as the economic risks of climate change become more urgent. IMF pledges to stay in 'our lane' on climate 2023-09-18T04:00:00Z "The message to Argentina from the IMF but also from G7 shareholders needs to be clear: You fix your economy for real or there is just not more money," Muehleisen said. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z The International Monetary Fund had singled out the return of mandatory asset declarations as one of several benchmarks for paying out part of a $15.6 billion IMF assistance package. Ukraine's Zelenskiy vetoes asset declaration law containing loophole 2023-09-12T04:00:00Z More modern parts of Marrakech largely escaped unscathed, including a site near the airport earmarked for IMF and World Bank meetings, due to be held next month. Morocco earthquake death toll passes 2,800, survivors camp outdoors 2023-09-11T04:00:00Z An IMF spokesperson, asked on Saturday about the planned meetings, said: “Our sole focus at this time is on the people of Morocco and the authorities who are dealing with this tragedy.” As Morocco reels from deadly quake, survivors seek aid 2023-09-10T04:00:00Z "To make the global economy stronger and more resilient in a more shock-prone world, it is vital to reach an agreement to increase the IMF's quota resources before the end of the year," she said. IMF urges pact to boost its resource quota, strengthen world economy 2023-09-10T04:00:00Z But quick IMF disengagement in 2001 worsened an economic crisis as the country's overseas debt bulged. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z An IMF spokesperson, asked about the planned meetings, said: “Our sole focus at this time is on the people of Morocco and the authorities who are dealing with this tragedy.” Morocco earthquake kills more than 1,300 people, survivors sleep rough 2023-09-09T04:00:00Z The World Bank and IMF are due to hold their annual meetings in the city from Oct. Morocco's ancient city of Marrakech assesses quake damage 2023-09-09T04:00:00Z The city is due to host the IMF and World Bank in a month's time. Powerful earthquake in Morocco kills more than 600 people 2023-09-09T04:00:00Z The IMF did not respond to a request for comment on the state of the relationship or whether the country has recently requested a program. El Salvador bonds extend rally on debt maturity extension, Google deal 2023-09-08T04:00:00Z Following 15 years with no programmes, Argentina returned to the IMF in 2018 to request a record bailout. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z She will seek to build G20 support for an "equi-proportional" increase in IMF quota funds paid-in by member countries, which would increase IMF lending resources, but not immediately change its shareholding structure. Yellen to work with India at G20 Summit to aid successful communique crafting 2023-09-08T04:00:00Z Congress for permission to lend $21 billion to IMF trust funds, including one for the poorest countries, which "desperately needs more resources." Yellen says she will press for IMF, World Bank resources at G20 summit 2023-09-08T04:00:00Z India also wants global regulation on cryptocurrencies and an overhaul of institutions like the World Bank and the IMF - these issues are likely to be less fractious. G20 India: Can a divided group deliver results? 2023-09-07T04:00:00Z Shambaugh ruled out a new allocation of IMF Special Drawing Rights resources and said the Fund needed to stick to its core activities of strong surveillance, policy advice and reforms required in its lending. US Treasury official pushes IMF quota increase to bolster lending resources 2023-09-07T04:00:00Z Some IMF executive board members have complained in Argentina-related meetings that the country has received preferential treatment, three sources close to the matter said on condition of anonymity. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z The IMF and World Bank have worked closely on debt sustainability issues, both pushing for improved restructuring frameworks. IMF, World Bank to step up cooperation on climate, debt, digital transition 2023-09-07T04:00:00Z "We are making a commitment to reinvest in the IMF," Shambaugh said in remarks at a Center for Global Development event. U.S. Treasury supports increase in IMF quota resources-Shambaugh 2023-09-07T04:00:00Z White House national security adviser Jake Sullivan said the effort to bolster the lending capacity of the World Bank and the IMF would provide a “credible alternative” to China. Biden aims to use G20 summit and Vietnam visit to highlight US as trustworthy alternative to China 2023-09-07T04:00:00Z He said the IMF must be willing to "walk away" if a country fails to take needed reform steps to restore economic stability. US Treasury official pushes IMF quota increase to bolster lending resources 2023-09-07T04:00:00Z Economists have pointed to Egypt and Burundi, which devalued their currencies by more than 40% and more than 30%, respectively, as examples of countries that have had to take harsh medicine under IMF programmes. Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z Such risks are exacerbated by noncompliance with existing laws in some instances, the G20's risk watchdog, the Financial Stability Board, and the IMF said in a paper. IMF and regulators set out roadmap to contain crypto risks 2023-09-07T04:00:00Z The IMF had singled out the return of the requirement as one of several benchmarks for paying out part of a $15.6 billion assistance package. Ukraine lawmakers back anti-graft disclosure rule, but with loophole 2023-09-05T04:00:00Z While the IMF has not commented on the plan, many experts see it as a drastic move. Argentina, in dollar love affair, agonizes over divorcing the peso 2023-09-05T04:00:00Z He did not single out any IMF loans that have gone through multiple revisions, such as the recent easing of targets for Argentina's struggling $44 billion loan program. US Treasury official pushes IMF quota increase to bolster lending resources 2023-09-07T04:00:00Z "But it cannot be the policy of the IMF to roll over programs, or approve reviews, only to avoid arrears without sound policy reforms in place." Analysis: IMF's Argentina predicament: Seek reforms and tango on or kill the music 2023-09-15T04:00:00Z The paper sets out timelines for members of the IMF and G20 to implement recent recommendations to regulate crypto from the Financial Stability Board and IOSCO, a global group of securities regulators. IMF and regulators set out roadmap to contain crypto risks 2023-09-07T04:00:00Z Mohammad Sohail, a prominent economist and head of Topline Securities, said that in spite of the IMF program Pakistan is going through a challenging time. Pakistani traders strike countrywide against high inflation and utility bills 2023-09-02T04:00:00Z "To me, it is an absolute last resort," said Olivier Blanchard, a former IMF chief economist and now an academic. Argentina, in dollar love affair, agonizes over divorcing the peso 2023-09-05T04:00:00Z At one point, he was even tipped to head the IMF. Tharman Shanmugaratnam: Singapore picks a president who could've been much more 2023-09-01T04:00:00Z The disbursement will be made once approved by the board, the IMF said, adding this would bring total disbursements under the loan program to around $212 million. IMF reaches staff-level agreement with Suriname on $53 mln loan disbursement 2023-08-30T04:00:00Z Last month, the IMF raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were curtailing the medium-term outlook. IMF managing director to meet leaders in China, go to Indonesia, India 2023-08-29T04:00:00Z But in the emerging pandemic economy, "the global growth environment has become very challenging," said Maurice Obstfeld, a former IMF chief economist and now a fellow at the Peterson Institute for International Economics in Washington. Post-pandemic, world facing gloomy stew of debt, trade wars and poor productivity 2023-08-28T04:00:00Z Various economic targets included in the program were eased, as in the fourth review, and waivers for non-observance were also in place, the IMF said. IMF frees $7.5 bln for Argentina, lowers bar for economy targets 2023-08-23T04:00:00Z The IMF did not provide the new targets. Argentina secures $7.5 bln disbursement from IMF 2023-08-23T04:00:00Z Measures implemented by Suriname's government - including fiscal discipline - are starting to bear fruit, IMF Suriname mission chief Anastasia Guscina said in a statement. IMF reaches staff-level agreement with Suriname on $53 mln loan disbursement 2023-08-30T04:00:00Z Latin America's third-largest economy recently used $2.8 billion equivalent of yuan to cover just over half of two repayments from a 2018 IMF loan, in order to avoid a default to the multilateral lender. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z "The IMF board approved the disbursement of $7.5 billion," the economy ministry said in a statement. Argentina secures $7.5 bln disbursement as IMF board OKs reviews -govt 2023-08-23T04:00:00Z IMF staff and Argentina had reached an agreement late in July, which had eased economic targets partly because a devastating drought has created a challenging environment for the grains exporter. IMF frees $7.5 bln for Argentina, lowers bar for economy targets 2023-08-23T04:00:00Z Argentina, the largest debtor with the IMF after years of economic crisis, has seen locals lose faith in their currency as inflation hit triple-digits and almost four-in-10 people are below the poverty line. Argentina secures $7.5 bln disbursement from IMF 2023-08-23T04:00:00Z An IMF bailout was once seen as Lebanon’s only hope. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The IMF's executive board on Wednesday approved two combined reviews of a 2022 loan, which is basically a refinancing line of the failed 2018 program. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z IMF staff and Argentina had reached an agreement late in July, with the disbursement left pending board approval. Argentina secures $7.5 bln disbursement as IMF board OKs reviews -govt 2023-08-23T04:00:00Z Argentine Economy Minister Sergio Massa said in a press conference later on Wednesday that the new targets will be made public by the IMF on Friday. IMF frees $7.5 bln for Argentina, lowers bar for economy targets 2023-08-23T04:00:00Z He acknowledged China is a major shareholder in both the World Bank and IMF, and that did not stand in the way of them working to aid low and middle-income countries. White House: China economic data less transparent in recent months 2023-08-22T04:00:00Z After nearly two years of talks, Lebanon reached a tentative deal with the IMF in April 2022 for a $3 billion rescue package. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The cash-strapped economy has used money from the Chinese swap line to pay for imports as well as repay IMF debt. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z Argentina, the largest debtor with the IMF after years of economic crisis, has seen locals lose faith in their currency as inflation hit triple-digits and almost four-in-ten people are below the poverty line. Argentina secures $7.5 bln disbursement as IMF board OKs reviews -govt 2023-08-23T04:00:00Z Argentina, which has been suffering economic malaise for years and is reeling from a devastating drought that decimated the country’s cash crops, currently has a 30-month $44 billion loan program with the IMF. Argentina’s anti-establishment candidate Milei engages IMF in economic talks after shock primary win 2023-08-18T04:00:00Z Economic crisis was averted this July, when the IMF approved a $3 billion bailout. A country wracked by crises sees a sharp rise in religious intolerance 2023-08-18T04:00:00Z The IMF plan would place much of the burden of backfilling the financial system’s losses on commercial bank shareholders, who include many prominent Lebanese political families and private sector associates. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z Accessing yuan to make IMF payments offered a lifeline to Argentina, which is battling an acute scarcity of dollars and is struggling to keep alive its $44 billion program with the Fund. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z An expansion of debt with organization like the IMF would need to be well thought out, Gonzalez said. Ecuador candidate Gonzalez says will use $2.5 bln in reserves to help economy 2023-08-15T04:00:00Z It is typical for the IMF to meet with leading political candidates to develop relationships in case they eventually take office. Argentina's Milei says in touch with IMF over $44 bln debt deal 2023-08-15T04:00:00Z But IMF terms will require strict fiscal discipline amid soaring inflation. A country wracked by crises sees a sharp rise in religious intolerance 2023-08-18T04:00:00Z A finalized deal with the IMF would open the door for the rescue package and billions of dollars of international investments and loans badly needed to rebuild productive sectors. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The IMF money will also provide enough funds to Buenos Aires to pay the IMF's September and October maturities, though a new disbursement is subject to a November review of the programme. Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources 2023-08-23T04:00:00Z The previous IMF's staff mission to the country was in May, when the Fund's authorities said that "the overall macroeconomic and policy environment remains challenging." IMF staff to visit Sri Lanka in Sept for first programme review 2023-08-15T04:00:00Z "In the last few hours my sister was contacted from the IMF to have a meeting. We are looking at how to deal with it," Milei told the radio station. Argentina's Milei says in touch with IMF over $44 bln debt deal 2023-08-15T04:00:00Z He worked as an economist at Paraguay's central bank and then with the IMF in Washington, before returning to Asuncion to join the central bank board. Santiago Pena, Paraguay's new president, faces tricky balancing act 2023-08-15T04:00:00Z Lebanon started negotiating with the IMF in May 2020, but Bifani called the discussions a joke given the divisions on the Lebanese side. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The IMF added that its board is set to meet on Aug. 23 to approve Argentina's 5th and 6th reviews to "unlock the agreed disbursements." IMF welcomes Argentina's recent policy actions, commitment to safeguarding stability 2023-08-14T04:00:00Z In a statement, the IMF said the economic program focuses on helping address urgent social spending and investment needs, while anchoring macroeconomic stability. IMF reaches staff-level deal of around $830 mln to support Honduras 2023-08-11T04:00:00Z A spokesperson for the IMF did not immediately respond to a request for comment. Argentina's Milei says in touch with IMF over $44 bln debt deal 2023-08-15T04:00:00Z In June Pakistan secured a last-gasp $3 billion deal with the IMF, which has sought a consensus on policy objectives among all political parties. Jailed ex-premier Imran Khan barred from Pakistan politics for 5 years 2023-08-08T04:00:00Z The negotiating portfolio is held by Deputy Prime Minister Saade Chami, a reformist economist who spent almost two decades working at the IMF, but he has virtually no political support. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z Argentina is grappling with a severe economic crisis with sky-high inflation and falling central bank reserves and is facing IMF repayments. Argentina agrees $775 mln loan with Qatar to make IMF repayment 2023-08-04T04:00:00Z The agreement follows an IMF team visit to Honduras between June 5 and 16 and virtual discussions in recent weeks, it added. IMF reaches staff-level deal of around $830 mln to support Honduras 2023-08-11T04:00:00Z Argentina, the largest debtor with the IMF after years of economic crisis, has seen inflation hit triple-digits as savers have lost faith in the currency, pushing almost four-in-ten people below the poverty line. Argentina's Milei says in touch with IMF over $44 bln debt deal 2023-08-15T04:00:00Z The country successfully concluded a credit agreement for $6.5 billion with the IMF at the end of last year. IDB grants $500 mln loan to Ecuador, econ ministry says 2023-08-03T04:00:00Z Carrying out the IMF reforms, which include audits of Lebanon’s long secretive central bank and other banks, would not just force the elites to bear much of the cost of repairing the financial meltdown. Four years into crisis, Lebanon’s leaders hope tourism boom will help bypass reforms in IMF bailout 2023-08-22T04:00:00Z The country's Economy Minister Sergio Massa said on Monday Argentina would not use "a single dollar of its own reserves" to make the IMF repayment. Argentina agrees $775 mln loan with Qatar to make IMF repayment 2023-08-04T04:00:00Z "The bank exists to help save countries and not to help sink countries, which is what the IMF often does," he said. Brazil's Lula says 'neither Putin nor Zelenskiy ready for peace' 2023-08-02T04:00:00Z The IMF deposited the first installment of $1.2 billion in Pakistan’s central bank earlier this month. Beijing has invested $25.4B in Pakistan over the last decade, Chinese vice premier says 2023-07-31T04:00:00Z The IMF said in its country report following the bailout that the bank must continue with its monetary tightening cycle to tame inflation. Pakistan key rate held steady, inflation will decline in coming months - cenbank chief 2023-07-31T04:00:00Z The reforms Mansouri mentioned are among those the International Monetary Fund set as conditions on Lebanon in April 2022 for a bailout plan, though he did not mention the IMF. Lebanon’s central bank governor ends 30-year tenure under investigation during dire economic crisis 2023-07-31T04:00:00Z With the terms announced Friday, the IMF seeks “to support Argentina’s policy efforts and near-term balance of payments needs, including obligations to the fund.” IMF agrees to release $7.5 billion to cash-strapped Argentina as economy reals from drought 2023-07-28T04:00:00Z The agreement, which still needs IMF Executive Board approval, eases some program requirements because a devastating drought has created a "very challenging" economic environment in Argentina, causing some end-June financial targets to be missed. IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln 2023-07-28T04:00:00Z The IMF loans had been on hold since December mainly because of non-compliance with the terms of the previous $6 billion bailout by Pakistan. Pakistan’s finance minister says China rolls over $2.4 billion loan for Islamabad for 2 years 2023-07-27T04:00:00Z The IMF welcomed steps Buenos Aires announced on Monday, which included import taxes and a new set of trade-related and weaker exchange rates to build up reserves in what Goldman Sachs called an "implicit devaluation." Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z But soaring consumer prices and higher interest rates remained risks in developed nations, the IMF said. Travel recovery to boost global economy, says IMF 2023-07-25T04:00:00Z At the same time, the IMF said there had been “policy slippages and delays” on Argentina’s part. IMF agrees to release $7.5 billion to cash-strapped Argentina as economy reals from drought 2023-07-28T04:00:00Z The IMF said its board would meet to consider the agreement in the second half of August. IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln 2023-07-28T04:00:00Z Despite the slight improvement, global growth “remains weak by historical standards,” the IMF report states. IMF global economic outlook sees slight growth, but inflation still a drag 2023-07-25T04:00:00Z To access the IMF funds, Argentina first needs to reach a staff level agreement with the Fund on the fifth review, which then has to get signed off by the IMF's executive board. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z However, the IMF says there is limited room for further recovery in tourism dependent economies in southern Europe, some of which have been badly damaged by wildfires. Travel recovery to boost global economy, says IMF 2023-07-25T04:00:00Z The sixth review of the agreement, which Argentina is partly using to pay back existing debt with the IMF, had been scheduled for September. IMF agrees to release $7.5 billion to cash-strapped Argentina as economy reals from drought 2023-07-28T04:00:00Z "There have also been policy slippages and delays, which have contributed to strong domestic demand and a weaker trade balance," the IMF added. IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln 2023-07-28T04:00:00Z In addition, China’s slow recovery following the reopening of its economy after the pandemic “shows signs of losing steam” the IMF said. IMF global economic outlook sees slight growth, but inflation still a drag 2023-07-25T04:00:00Z The IMF did not respond to a request for comment on the likelihood of a board meeting soon to discuss the Argentina program. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The United Kingdom has had one of the biggest upgrades in growth since the last forecasts in April, with the IMF reconfirming May's expectation of growth of 0.4%, rather than a decline of 0.3%. Travel recovery to boost global economy, says IMF 2023-07-25T04:00:00Z In 2021 IMF Managing Director Kristalina Georgieva came under fire after allegations that while she was a World Bank official, she and others pressured staffers to change business rankings in an effort to placate China. Lawmakers press for more scrutiny over China’s ‘malign influence’ at development bank 2023-07-25T04:00:00Z Reuters first reported that the agreement would combine the fifth and sixth reviews of Argentina's IMF program -- a move that provides additional loan funds sooner. IMF, Argentina reach staff deal on loan reviews to unlock $7.5 bln 2023-07-28T04:00:00Z He added that the IMF was encouraging Japan to “be a bit more flexible and maybe move away from the yield-curve control that it has now.” IMF sees Japan's economy growing 1.4% in 2023, warns of inflationary pressures 2023-07-25T04:00:00Z That leaves a yuan swap line with Beijing, which Latin America's third biggest economy could use to avoid going into arrears with the IMF. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The IMF said this reflected falling "stronger-than-expected consumption and investment from the confidence effects of falling energy prices", and "lower post-Brexit uncertainty". Travel recovery to boost global economy, says IMF 2023-07-25T04:00:00Z The government hopes this week's new measures will satisfy demands made by the IMF and help Argentina unlock $4 billion of funding at a pending review. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z "We think he could be the best bet to continue with the economic reforms agreed with the IMF," a PML-N member told Reuters. Pakistan finance minister Dar put forward as leader of caretaker government -sources 2023-07-24T04:00:00Z The IMF said the agreement seeks to consolidate "fiscal order and strengthen reserves," acknowledging the impact of the drought, as well as the damage to exports and tax revenues. IMF expects deal with Argentina in the coming days 2023-07-23T04:00:00Z Argentina used $1.1 billion in yuan from a recently extended and expanded swap line with China to complete the June payment to the IMF. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z The fate of China, the war in Ukraine, inflation and the higher cost of borrowing money are some of the biggest challenges facing the global economy, the IMF cautions. Travel recovery to boost global economy, says IMF 2023-07-25T04:00:00Z If it cannot secure fresh funds before an approaching deadline, Argentina risks defaulting on repayments to the IMF. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z India was also the first creditor to extend a letter of support towards Sri Lanka’s debt restructuring efforts that helped kickstart support from the IMF, which approved a $3 billion bailout package in March. Crisis-hit Sri Lanka may allow Indian rupee to be used in local transactions 2023-07-22T04:00:00Z "The teams of the Economy Ministry and Central Bank of Argentina and the IMF staff have finished the core aspects of the technical work of the next review," the IMF said on Twitter. IMF expects deal with Argentina in the coming days 2023-07-23T04:00:00Z Missing payments would automatically put Argentina in default with the IMF because there is no grace period with the multilateral lender. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z "We are optimistic, we believe that we will find a way," Rossi said of the IMF talks. Argentina's cabinet chief says harvest should bring economic relief 2023-07-21T04:00:00Z Analysts say the central aim of these economic adjustments is to signal to the IMF that Buenos Aires is committed to the program. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z The IMF last month unlocked an $890 million tranche of its package based on Ukraine's "strong progress" in meeting reform commitments, but said other transparency and anti-corruption measures "need to proceed without delay". EU's von der Leyen praises 'amazing' pace of Ukrainian reforms 2023-07-21T04:00:00Z Argentina faces maturities with the IMF worth some $3.4 billion between July 31 and Aug. 1, at a time when the central bank's net reserves are about $6.5 billion in the red. IMF expects deal with Argentina in the coming days 2023-07-23T04:00:00Z Any payment delays of up to 180 days are considered a short-term arrears, according to an IMF working paper. Explainer: Argentina could again use yuan to evade IMF default 2023-07-27T04:00:00Z It was also the first creditor to extend a letter of support towards Sri Lanka’s debt restructuring efforts that helped kickstart support from the IMF, which approved a $3 billion bailout package in March. Sri Lankan president’s visit to India signals growing economic and energy ties 2023-07-21T04:00:00Z The left-wing administration has been locked in negotiations with the IMF for months over whether to front-load tranches of the $44 billion program. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z The IMF deal requires him to cut costly subsidies and slim down the bloated government workforce, which Mr Saied knows will be highly unpopular and could even lead to another uprising, this time against him. Tunisia's El General: The rapper who helped bring down Ben Ali 2023-07-19T04:00:00Z The IMF said the funds would help political leaders in Congo "implement their development policies, maintain macroeconomic stability and strengthen economic recovery amid high food inflation, lower oil prices and tightening financial conditions." IMF approves $43 million to Congo to strengthen economy 2023-07-20T04:00:00Z The IMF said the Black Sea deal had been instrumental in facilitating food, grain, and fertilizer exports from Ukraine to the rest of the world. IMF says Russia exit from Ukraine grain deal risks adding to global food inflation 2023-07-19T04:00:00Z "Emerging market and developing economies with pre-existing vulnerabilities such as high inflation and misaligned external positions experienced greater depreciation pressures, while commodity-exporting economies benefited from the increase in commodity prices," the IMF said. IMF says dollar's rise hit emerging markets harder than advanced economies 2023-07-19T04:00:00Z Both parties said on Sunday that an agreement on the fifth IMF review was close, but not yet finalized. Analysis: Argentine IMF concessions risk further fueling red hot inflation 2023-07-25T04:00:00Z This is the first time an IMF program has been linked to such a measure in Asia. Sri Lanka parliament passes anti-corruption bill without vote 2023-07-19T04:00:00Z The IMF — which described Sri Lanka’s debt as unsustainable — has stressed that anti-corruption and governance reforms are imperative in order to enable the Sri Lankans to benefit from the current economic reforms. Sri Lanka’s Parliament approves new anti-corruption law as part of an IMF economic bailout plan 2023-07-19T04:00:00Z The deal had allowed Ukraine to export around 33 metric tonnes of grain by sea and turned out to be an important factor for global food security, the IMF spokesperson said. IMF says Russia exit from Ukraine grain deal risks adding to global food inflation 2023-07-19T04:00:00Z In advanced economies, more flexible exchange rates were able to absorb some of the impact through depreciation, while more accommodative monetary policy also helped - provided that there were firmly anchored inflation expectations, the IMF said. IMF says dollar's rise hit emerging markets harder than advanced economies 2023-07-19T04:00:00Z The IMF said more details would be communicated "in due course." Argentina delegation travels to Washington for IMF talks 2023-07-18T04:00:00Z She emphasised the need for strengthening the global financial safety net, including reviewing the IMF's quota resources, critical for ensuring predictability of the IMF's firepower which has shrunk in relative terms. IMF chief: Prospects for medium-term global growth weak 2023-07-18T04:00:00Z The IMF Governance Diagnostic Report is set to be published in September. Sri Lanka’s Parliament approves new anti-corruption law as part of an IMF economic bailout plan 2023-07-19T04:00:00Z An IMF spokesperson said the global lender would continue to carefully monitor ongoing developments in the region and their impact on global food insecurity. IMF says Russia exit from Ukraine grain deal risks adding to global food inflation 2023-07-19T04:00:00Z The country is now seeking to restructure terms of its debt payments with both foreign and domestic lenders, as mandated by the IMF. Is the worst over for Sri Lanka's economic crisis? 2023-07-17T04:00:00Z The maturity for some $2.6 billion plus interest owed by Argentina to the IMF is coming up at the end of July. Argentina delegation travels to Washington for IMF talks 2023-07-18T04:00:00Z The IMF chief also highlighted the progress made on restoring debt sustainability following a recent agreement on Zambia's debt restructuring. IMF chief: Prospects for medium-term global growth weak 2023-07-18T04:00:00Z The real challenge for Pakistan, which is still recovering financially and physically from last year's devastating floods, comes after the contentious elections, when it will likely need to secure a longer-term IMF program. Analysis: Pakistan and Argentina bonds' surge belies bigger reform hurdles 2023-07-17T04:00:00Z Yellen said the IMF's Poverty Reduction and Growth trust, which provides zero-interest loans to the world's poorest countries, needed to be put on sounder financial footing. Yellen 'eager' to work with China on debt, other global challenges 2023-07-16T04:00:00Z The IMF approved a $3-billion bailout Wednesday, after keeping it on hold since December. Pakistan’s PM Shehbaz Sharif launches $3.5 billion Chinese-designed nuclear energy project 2023-07-14T04:00:00Z The new funding will include $3.7 billion of commitments from bilateral partners including Saudi Arabia and the United Arab Emirates, Nathan Porter, the IMF's mission chief for Pakistan, Bloomberg News reported. IMF loan helps Pakistan unlock another $5.6 bln in funding- Bloomberg News 2023-07-14T04:00:00Z An IMF spokeswoman on Thursday acknowledged the talks but gave few details. Argentines tighten wallets to fight spiraling inflation 2023-07-13T04:00:00Z International reserves are at record lows, and the nation is struggling to stay current on a $44 billion IMF programme, a loan secured last year to refinance a failed 2018 bailout. Analysis: Pakistan and Argentina bonds' surge belies bigger reform hurdles 2023-07-17T04:00:00Z Treasury is ready to assist the IMF to consider options for this, including using internal fund resources, she said. Yellen 'eager' to work with China on debt, other global challenges 2023-07-16T04:00:00Z Kozack said the IMF would revise its China growth forecast as part of a July 25 update of its World Economic Outlook, but did not indicate whether it would be lower. IMF says China growth slowing after strong Q1 reopening 2023-07-13T04:00:00Z The latest development came a day after the IMF said its executive board had approved an agreement to release a $3 billion loan to support Pakistan’s economic stabilization program. IMF deposits much-awaited $1.2B with Pakistan’s central bank under bailout, finance minister says 2023-07-13T04:00:00Z Reduced supply chain disruptions and lower goods demand means likely disinflationary pressures from goods, the IMF said. IMF sees 'pockets of resilience,' slowing momentum in global economy 2023-07-13T04:00:00Z Argentina's bond gains, investors said, reflected the IMF's commitment to Buenos Aires - accounting for roughly 28% of the fund's total lending. Analysis: Pakistan and Argentina bonds' surge belies bigger reform hurdles 2023-07-17T04:00:00Z At the first meeting of the finance chiefs in February, the IMF endorsed the Indian government's position that crypto assets would require global and coordinated regulation, while giving sovereigns option to ban such assets. G20 to discuss international debt architecture, more loans to developing nations 2023-07-13T04:00:00Z China’s reopening had been one of the few bright spots in the IMF’s subdued April forecasts, with many major economies slowing as tighter monetary policy saps demand. IMF says China growth slowing after strong Q1 reopening 2023-07-13T04:00:00Z The IMF bailout for Pakistan had been on hold since December because of the country’s lack of compliance with a 2019 agreement signed between the IMF and former Prime Minister Imran Khan. IMF deposits much-awaited $1.2B with Pakistan’s central bank under bailout, finance minister says 2023-07-13T04:00:00Z "However, services inflation - which is now the major driver of core inflation - is expected to take longer to decline," the IMF said. IMF sees 'pockets of resilience,' slowing momentum in global economy 2023-07-13T04:00:00Z The IMF deal came after eight months of tough negotiations over how to deal with serious long-term issues with Pakistan's ailing economy. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z High energy prices, rising mortgage costs and increased taxes, and persistent worker shortages are dragging on the UK economy, the IMF said. What is a recession and how could it affect me? 2023-03-31T04:00:00Z Kozack said the IMF was observing “subdued inflation” in China due to weaker demand and slack in the economy. IMF says China growth slowing after strong Q1 reopening 2023-07-13T04:00:00Z Global Crisis Response Group sets out a roadmap to global financial stability including major reforms to the global financial architecture, especially the IMF and World Bank. 3.3 billion people live in countries that spend more on debt interest than education, UN says 2023-07-12T04:00:00Z Strong consumer demand for services, buoyed by demand, buoyed by strong labor markets and the post-pandemic shift in spending from goods to services, is likely to sustain these price pressures, the IMF said. IMF sees 'pockets of resilience,' slowing momentum in global economy 2023-07-13T04:00:00Z The oil-rich Middle Eastern nation pledged the money in April, but held off handing it over until it was certain that the IMF bailout would be finalised. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z The IMF said its executive board approved an agreement to release the funds over a nine-month period to support Pakistan’s economic stabilization program. IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt 2023-07-12T04:00:00Z The bailout deal was originally signed between the IMF and Pakistan’s former Prime Minister Imran Khan in 2019 and was to expire on June 30 when the new, breakthrough agreement was announced. Saudi Arabia deposits $2 billion in Pakistan’s central bank as a boost ahead of a key IMF meeting 2023-07-11T04:00:00Z Saudi Arabia had already pledged the money to Pakistan and waited for the much-awaited IMF deal to be announced before depositing it. Saudi Arabia deposits $2 bln in Pakistan central bank account - Pakistan finance minister 2023-07-11T04:00:00Z "Such policies create the risk of fragmentation of production and of triggering retaliatory responses by trading partners," the IMF said. IMF sees 'pockets of resilience,' slowing momentum in global economy 2023-07-13T04:00:00Z The IMF deal, along with the from Saudi Arabia, will unlock more funds to help support Pakistan's ailing economy. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z Sharif quickly welcomed the IMF decision, saying it was a amajor step forward in the government’s efforts to stabilize the economy and achieve macroeconomic stability. IMF approves much-awaited $3 billion bailout for Pakistan, saving it from defaulting on debt 2023-07-12T04:00:00Z The new deal, which will be vital to help stabilise Pakistan’s struggling $350 billion economy, will be taken up for approval by the IMF board on July 12. Pakistan's Imran Khan expresses support for bailout deal in IMF meeting 2023-07-07T04:00:00Z The IMF did not respond to a request for comment outside of business hours. Argentina to push July IMF debt payments to month-end -source 2023-07-06T04:00:00Z The IMF has said open-ended funds contained $41 trillion in assets last year, a fifth of non-bank assets, and that liquidity mismatches posed risks to financial stability. Regulators tighten screw on investment fund redemptions 2023-07-05T04:00:00Z The heavily-indebted country's bonds have soared since the end of June, when the IMF gave preliminary approval for the bailout. Pakistan gets final approval for $3bn IMF bailout 2023-07-12T04:00:00Z The deputy PM said the IMF stated the government has "taken decisive and responsible action" over rising inflation and mortgage rates. Rayner challenges Dowden on 'Tory mortgage bombshell' 2023-07-05T04:00:00Z Khan’s government deviated from agreements under an earlier IMF programme days before he was ousted in a parliamentary vote last year, leading to a delay in the implementation of the programme and increased economic uncertainty. Pakistan's Imran Khan expresses support for bailout deal in IMF meeting 2023-07-07T04:00:00Z Finance Minister Ishaq Dar has said Pakistan stands to receive a first installment of $1.1 billion, but the IMF board's approval of the agreement is needed before funds can be disbursed. Pakistan PM hopes for bailout approval from IMF board on July 12 2023-07-05T04:00:00Z Wickremesinghe has set a goal of finalising debt talks by September, which, if successful, would smoothen the release of a second tranche of IMF funding due by October. Analysis: A year later, Sri Lanka's tentative economic recovery eludes the poor 2023-07-05T04:00:00Z A $2.9 billion bailout from the IMF in March helped tame inflation in the country as dollar inflows improved. Sri Lanka President to decide on time frame to reactivate rail project with Japan 2023-07-05T04:00:00Z The country on Friday secured a $3 billion short-term financial package from the IMF, giving its economy some much-awaited respite as it teeters on the brink of default. Pakistan shares see biggest one-day gain in 15 years post IMF deal 2023-07-03T04:00:00Z The island's economy improved it secured the$2.9 billion bailout from the IMF in March, which helped tame inflation, improve dollar inflows and appreciate its currency. Sri Lanka parliament approves domestic debt restructuring plan 2023-07-01T04:00:00Z Sri Lanka sought the support of the IMF, which approved a bailout package in March, under which nearly $3 billion in government budgetary support will be disbursed in stages. Sri Lanka’s parliament to vote on debt restructuring plan amid economic crisis 2023-07-01T04:00:00Z "The IMF programme will only keep us going for the next one-to-two years but beyond that we need stronger reforms around land, labour and loss-making state enterprises." Analysis: A year later, Sri Lanka's tentative economic recovery eludes the poor 2023-07-05T04:00:00Z The IMF did not respond to requests for comment on the payment method. Argentina makes IMF payment as deal talks grind on 2023-06-30T04:00:00Z Among key stocks to advance, automakers rose by between 6% and 7.5% on expectations that import restrictions on car parts would be lifted under the IMF deal. Pakistan shares see biggest one-day gain in 15 years post IMF deal 2023-07-03T04:00:00Z Amid negotiations and the signing of a new IMF package, the currency has been devalued by about half since March 2022. Egypt's Sisi praises sacrifices of Egyptians in 10th anniversary speech 2023-06-30T04:00:00Z The IMF on Thursday unlocked an $890 million tranche of its package based on Ukraine's "strong progress" in meeting reform commitments, but said other transparency and anti-corruption measures "need to proceed without delay". Ukraine pressed to restore anti-corruption disclosure requirement lifted for war 2023-06-30T04:00:00Z A staff delegation visit does not materialise due to differences on programme targets, and Dar hits out at the IMF for the delay. Pakistan's last-gasp IMF bailout as it happened 2023-06-30T04:00:00Z The nine-month agreement must be approved by the IMF’s Executive Board, which is expected to make a final decision in mid-July, a top IMF official, Nathan Porter, said in a statement late Thursday. The IMF agrees to a long-awaited bailout for Pakistan of $3 billion 2023-06-29T04:00:00Z The initial draft of the 2023-2024 budget presented in parliament earlier this month failed to meet IMF expectations but was hurriedly revised to introduce new taxes and expenditure cuts. Factbox: Why Pakistan badly needed the deal with the IMF 2023-06-30T04:00:00Z The deal, subject to approval by the IMF board, comes after an eight-month delay and offers some respite to Pakistan, which is battling an acute balance of payments crisis and falling foreign exchange reserves. Pakistan, IMF reach staff-level pact to release stalled funds 2023-06-30T04:00:00Z Late last year, the government finalized a $6.5 billion loan program with the IMF. Ecuador seeks international funds ahead of expected El Nino impact 2023-06-29T04:00:00Z An IMF staff delegation visits Pakistan after weeks of delays, but the 10-day visit concludes without an agreement to send the matter to the board, increasing economic uncertainty. Pakistan's last-gasp IMF bailout as it happened 2023-06-30T04:00:00Z The IMF official said despite the authorities’ efforts to reduce imports and the trade deficit, reserves have declined to very low levels and liquidity conditions in the power sector also remain acute. The IMF agrees to a long-awaited bailout for Pakistan of $3 billion 2023-06-29T04:00:00Z A successful deal with the IMF could also help unlock credit from other financiers who are looking for a clean bill of health from the IMF for the ailing $350 billion economy. Factbox: Why Pakistan badly needed the deal with the IMF 2023-06-30T04:00:00Z A representative for the IMF in Pakistan did not immediately respond to a request for comment. Exclusive: Pakistan expects IMF deal in next 24 hours - finance minister 2023-06-29T04:00:00Z Sri Lanka sought the support of the IMF, which approved a bailout package in March, through which $3 billion will be disbursed in stages. Sri Lanka spares banks in its $ 19.8 billion local debt restructuring plan 2023-06-29T04:00:00Z International Monetary Fund chief Kristalina Georgieva said recently the lender is seeing more requests for aid, adding: "The IMF becomes the source of protection." Analysis: Dollar drought haunts frontier economies 2023-06-29T04:00:00Z IMF mission chief Porter later suggested that the sides were close to reaching an agreement. The IMF agrees to a long-awaited bailout for Pakistan of $3 billion 2023-06-29T04:00:00Z The agreement is subject to approval by the IMF’s Executive Board, which is expected to consider the request by mid-July, it said. Factbox: Why Pakistan badly needed the deal with the IMF 2023-06-30T04:00:00Z The agreement, which would be subject to approval by the IMF board, has faced an eight-month delay. Exclusive: Pakistan expects IMF deal in next 24 hours - finance minister 2023-06-29T04:00:00Z Pledging to put its mammoth debt burden on a sustainable track, Sri Lanka locked down a $2.9 billion bailout from the IMF in March. Sri Lanka asks dollar debt holders for 30% haircut 2023-06-29T04:00:00Z The IMF's bailout in March, which was nearly a year in the making, was viewed as a massive lifeline for Sri Lanka. Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z Matching the topic of the moment, Hunt and his IMF team are tasked with tracking down a potent new artificial intelligence weapon in “Mission: Impossible — Dead Reckoning Part One.” Still Cruising: Tom premieres new ‘Mission Impossible’ adventure in Abu Dhabi 2023-06-26T04:00:00Z Sri Lanka sought the support of the IMF, which approved a bailout package in March. Sri Lanka’s Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis 2023-06-28T04:00:00Z Dar had earlier told media the government was working on a mechanism to try to unlock the full $2.5 billion pending under the IMF programme. Exclusive: Pakistan expects IMF deal in next 24 hours - finance minister 2023-06-29T04:00:00Z Earlier on Thursday, the World Bank approved $700 million in budgetary and welfare support for the country, the biggest funding tranche for the island nation since the IMF deal in March. Sri Lanka asks dollar debt holders for 30% haircut 2023-06-29T04:00:00Z In March, the IMF said Sri Lanka had secured financing assurances from all its major creditors, including China and India, which paved the way for the bailout. Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z The Mission: Impossible series follows the globe-trotting adventures of Ethan Hunt, a secret agent of the Impossible Missions Force, or IMF, as he undertakes high-risk covert operations. Still Cruising: Tom premieres new ‘Mission Impossible’ adventure in Abu Dhabi 2023-06-26T04:00:00Z Talks between Pakistan and the IMF stalled in December, after the global lender delayed the release of a crucial tranche of $1.1 billion from the bailout. IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z A source familiar with talks told Reuters that Pakistan and the IMF were also in discussions for the release of the full $2.5 billion pending under the IMF programme. Exclusive: Pakistan expects IMF deal in next 24 hours - finance minister 2023-06-29T04:00:00Z The domestic restructuring is needed to help the country reach the IMF programme goal of reducing overall debt to 95% of GDP by 2032. Sri Lanka asks dollar debt holders for 30% haircut 2023-06-29T04:00:00Z The IMF has so far released around $330m in funds to Sri Lanka, with the rest due in disbursements over four years. Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z The south Asian nation is in dire need of external financing and has allocated $2.5 billion in IMF support in its annual budget, which will also be key to unlock other avenues of funding. Pakistan, IMF discuss $2.5 bln standby arrangement -domestic media 2023-06-28T04:00:00Z The deal envisioned a deadline and if the IMF by Friday decides that Pakistan has not met the terms of the agreement, the fund could cancel the whole bailout package. IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z Pakistan's finance minister Ishaq Dar added in an interview on Tuesday evening that the government was searching for a mechanism to receive all pending funds under the IMF programme, which would amount to $2.6 billion. Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z Other analysts, however, said it could add an extra political dimension to ongoing talks between Argentina and the IMF to speed out disbursements from the lender and ease economic targets linked to the deal. Argentina's election line-up twist a boost for markets, adds spice to IMF talks 2023-06-26T04:00:00Z Its prediction is more optimistic than that of the IMF, which forecasted economic growth of 1.5% in Sri Lanka next year. Sri Lanka: Five-day bank holiday for domestic debt restructuring 2023-06-29T04:00:00Z Pakistan's international bonds rallied sharply for a third straight session amid rising hopes of IMF funding. Pakistan, IMF discuss $2.5 bln standby arrangement -domestic media 2023-06-28T04:00:00Z He said the IMF team was continuing discussions with Pakistani authorities with the aim of “quickly reaching an agreement on financial support from the IMF.” IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z "The IMF team continues discussions with Pakistani authorities with the aim of quickly reaching an agreement on financial support from the IMF," mission chief Nathan Porter said. Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z "It's better to negotiate with a minister than a candidate," said Héctor Torres, former Argentine IMF representative. Argentina's election line-up twist a boost for markets, adds spice to IMF talks 2023-06-26T04:00:00Z "While the MPC views these measures as necessary in the context of completion of the ongoing IMF programme, they have increased the upside risks to the inflation outlook," the bank said. Pakistan central bank raises main interest rate by 100 bps to 22% 2023-06-26T04:00:00Z Sri Lanka has set a goal of finalising debt restructuring talks by September to align with the first review of its IMF programme. Factbox: Sri Lanka's domestic debt rework targets IMF goals, economic recovery 2023-06-26T04:00:00Z Pakistan and the IMF have been at odds over what the fund says is Islamabad’s unsatisfactory compliance with the bailout conditions. IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z Prime Minister Shehbaz Sharif said earlier in the day that he hoped consensus over the IMF programme's points "will lead to a decision in a day or two". Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z A representative from the IMF did not immediately respond to a request for comment. Debt-plagued Zambia reaches deal with China, other nations to rework $6.3B in loans, French say 2023-06-22T04:00:00Z The IMF also urged the Iraqi government to implement a stricter fiscal policy. Iraq’s president ratifies record $152 billion budget criticized by IMF for too rosy projections 2023-06-21T04:00:00Z Pledging to put its mammoth debt burden on a sustainable track Sri Lanka locked down a $2.9 billion bailout from the IMF in March. Factbox: Sri Lanka's domestic debt rework targets IMF goals, economic recovery 2023-06-26T04:00:00Z Later, the IMF’s mission chief to Islamabad suggested that the sides were close to reaching an agreement. IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z Dar said that the IMF had demanded that the key policy rate be raised to 22% and that the review "will be done." Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z While the IMF is set to release $188m from its bailout package to support government spending, attention now turns to Zambia's private lenders. Zambian President Hichilema's $6bn debt deal hailed as 'historic' 2023-06-23T04:00:00Z China - the world's largest bilateral creditor - has been pushing for lenders like the World Bank or the IMF to absorb some of the losses, which the institutions and Western countries oppose. Rich nations pledge to unlock hundreds of billions of dollars for climate fight 2023-06-23T04:00:00Z The domestic debt restructure is needed to help the country reach the IMF programme goal of reducing overall debt to 95% of GDP by 2032. Factbox: Sri Lanka's domestic debt rework targets IMF goals, economic recovery 2023-06-26T04:00:00Z Hours after Sharif spoke to the IMF head to revive the bailout, the global lender’s mission chief to Islamabad, Nathan Porter, in a much-awaited statement hinted that the sides were close to reaching an agreement. IMF officials and Pakistan’s prime minister hint at deal on $6 billion bailout 2023-06-27T04:00:00Z The IMF funds subject to approval by its board promise respite for Pakistan, which is battling its worst economic meltdown, with an acute balance of payments crisis and falling reserves of foreign exchange. Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z Thursday’s meeting came a week after the IMF slammed a proposed annual budget presented to parliament by Pakistan’s government. Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z The government hopes to bring forward over $10 billion in IMF disbursements this year, though has been reluctant to agree to tough austerity measures as the next general elections scheduled for October approach. Argentina to make $1.9 billion payment to IMF as scheduled, economy ministry source says 2023-06-21T04:00:00Z The heavily armed Hezbollah thwarted a bid by rivals to elect Jihad Azour, a top IMF official and an ex-finance minister, last week. Analysis: Lebanon awaits foreign push out of political impasse 2023-06-22T04:00:00Z Macron praised the International Monetary Fund’s initiative to allocate more funds to low-income countries through Special Drawing Rights, which are an IMF international reserve asset that can be exchanged for hard currency. Climate activist Nakate urges rich countries to cancel debt, grant climate finance at Paris summit 2023-06-22T04:00:00Z It had hoped to have $1.1 billion of the funds released in November but the IMF has insisted on a number of conditions being met before it makes any more disbursements. Pakistan expects IMF funds to be released 'as soon as possible', PM says 2023-06-22T04:00:00Z Esther Perez Ruiz, IMF’s representative for Pakistan, said in a statement that the draft budget failed to implement a fairer tax system as promised in the bailout agreement. Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z Economy Minister Sergio Massa is set to travel to Washington once an agreement to ease economic targets is drafted with IMF officials. Argentina to make $1.9 billion payment to IMF as scheduled, economy ministry source says 2023-06-21T04:00:00Z This "Climate Mitigation Trust Fund" would be funded by tens of billions of dollars' worth of SDRs and overseen by the IMF and the UN. Barbados PM fights for shake-up of global climate finance 2023-06-21T04:00:00Z It’s been hard, however, to summon the political will to spend taxpayer money to combat climate change, said Ahmed, a former senior official in both the IMF and World Bank. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z The April attempt to reform the Framework saw the IMF promise to share more information earlier, particularly regarding debt sustainability, and to give struggling countries more concessional finance. Analysis: Common Framework, familiar problems: hopes of debt breakthrough fade 2023-06-20T04:00:00Z In recent weeks, Sharif has complained the IMF was giving Pakistan a hard time even after his government complied with all the conditions attached to the deal, which expires on June 30. Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z The G20 and other shareholders of the World Bank, IMF and development institutions should fully implement the 2022 recommendations of a panel of experts aimed at boosting lending by the multilateral development banks. Explainer: What is the 'Bridgetown Initiative' asking for at Paris financial summit? 2023-06-20T04:00:00Z The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability. IMF working on global central bank digital currency platform 2023-06-19T04:00:00Z The World Bank and IMF did not immediately offer comment. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z "There was optimism that a deal could be clinched relatively quickly," said Cornell University professor and former head of the IMF's China Division Eswar Prasad, referring to the April reboot of the Common Framework. Analysis: Common Framework, familiar problems: hopes of debt breakthrough fade 2023-06-20T04:00:00Z Sharif and Georgieva exchanged views on cooperation between Pakistan and IMF and the prime minister explained measures taken to improve the economy, a government statement said. Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z Ghana aims to cut around $10.5 billion in interest payments on its external debt over the next three years to successfully implement a $3 billion loan deal from the IMF. Ghana sees agreement with bilateral creditors in coming weeks 2023-06-18T04:00:00Z Inflation has hit 114%, hurting salaries and spending power, reserves have tumbled and one-in-four people is in poverty, with many blaming - not for the first time - austerity linked to the IMF. Analysis: Argentina faces crunch IMF talks to defuse looming debt bomb 2023-06-18T04:00:00Z She has described climate change as an “existential crisis” that no one country could fight alone and called for official reforms of the World Bank and IMF. Paris summit aims to shake up the financial system. It will test leaders’ resolve on climate 2023-06-20T04:00:00Z The G20 this year also invited nine non-member "guest" countries, including Bangladesh, Singapore, Spain and Nigeria, besides international organisations such as the United Nations, World Health Organization, the World Bank and the IMF. India's Modi seeks African Union's full membership in G20 2023-06-18T04:00:00Z “This would help strengthen Pakistan’s ongoing efforts towards economic stabilization and bring relief to its people,” he told the IMF head, according to the statement. Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z Gowan noted that when the Obama administration engineered a reform of IMF voting rights in 2010, “Congress took five years to ratify the deal - and Congress is even more divided and dysfunctional now.” U.N. steps up criticism of IMF, World Bank, the other pillars of the post-World War II global order 2023-06-17T04:00:00Z And he describes the IMF and World Bank ’s response to the COVID-19 pandemic as a “glaring failure” that left dozens of countries deeply indebted. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The slowdown is mostly pinned on losses caused by the drought currently affecting agricultural and energy production, the IMF noted, adding that the dry streak could be more severe and protracted than previously expected. IMF sees Honduran economic growth slowing to about 3% in 2023 2023-06-17T04:00:00Z "Monetary policy must continue to tighten to bring inflation to target in a timely manner," the IMF said in the report, which it presented to euro zone finance ministers and the ECB. Euro zone needs still higher ECB rates, tighter fiscal policy -IMF 2023-06-16T04:00:00Z It said the IMF head “shared her institution’s perspective on the ongoing review process.” Pakistan’s premier meets with the head of IMF in Paris, hoping to unlock $6B deal to avoid default 2023-06-22T04:00:00Z Perez Ruiz also said the new tax amnesty announced in the budget proposal runs against IMF program’s “conditionality and governance agenda and creates a damaging precedent.” IMF slams new Pakistan budget proposal, says government failing to implement a more fair tax system 2023-06-15T04:00:00Z The IMF’s rules unfairly favor wealthy nations, he said. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z "Honduras remains one of the world's most vulnerable countries to climate disasters, with sizeable adaptation investment needs," the IMF statement said. IMF sees Honduran economic growth slowing to about 3% in 2023 2023-06-17T04:00:00Z The IMF urged euro zone governments to help the ECB by cutting spending, because economic growth was to pick up modestly this year and next despite tightening financial conditions. Euro zone needs still higher ECB rates, tighter fiscal policy -IMF 2023-06-16T04:00:00Z Other measures included a new tax code broadening the country's tax base and better revenue administration bringing customs income to a historic high in recent months, the IMF added, albeit from a low base. Haiti made 'significant progress' on governance issues, says IMF 2023-06-15T04:00:00Z Pakistan is only two weeks left to meet IMF’s conditions to qualify for the much-needed $1.1 billion tranche, on hold since November. IMF slams new Pakistan budget proposal, says government failing to implement a more fair tax system 2023-06-15T04:00:00Z She added that a review of IMF quotas is a priority and is expected to be completed by Dec. 15. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The country started to see signs of an economic recovery after it secured a $2.9 billion bailout from the IMF in March, and on improved dollar inflows and somewhat reduced inflation. Sri Lanka's economy shrinks 11.5% in first quarter as financial crisis continues 2023-06-15T04:00:00Z "Fiscal consolidation should also proceed to ease inflation pressures and rebuild fiscal space," the IMF said. Euro zone needs still higher ECB rates, tighter fiscal policy -IMF 2023-06-16T04:00:00Z The IMF expects inflation to hit 44.5% this year, after prices for rice, a key staple, were up close to 70% last September. Haiti made 'significant progress' on governance issues, says IMF 2023-06-15T04:00:00Z However, Perez Ruiz also said the IMF was offering to “work with the government in refining its strategy” for the budget. IMF slams new Pakistan budget proposal, says government failing to implement a more fair tax system 2023-06-15T04:00:00Z In a written response to a query from the AP, the IMF said it has mounted “an unprecedented” response to the largest-ever request from countries for help dealing with recent shocks. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z But Sri Lanka still needs to complete debt restructuring talks by September in time for the first IMF review. Sri Lanka's economy shrinks 11.5% in first quarter as financial crisis continues 2023-06-15T04:00:00Z "A swift agreement on the reform of the EU economic and fiscal governance framework would support fiscal sustainability over the longer term," the IMF said. Euro zone needs still higher ECB rates, tighter fiscal policy -IMF 2023-06-16T04:00:00Z The IMF has criticised Lebanon for very slow progress in implementing reforms. Lebanon's crisis deepens as presidential vote collapses 2023-06-14T04:00:00Z Clinching a bailout deal with the IMF - Azour’s current employer - is seen as key to Lebanon’s recovery. Lebanese lawmakers fail in yet another attempt to elect president, end power vacuum 2023-06-14T04:00:00Z Guterres’ push for reforming the IMF and World Bank comes as the United Nations also faces demands for an overhaul of its structure, which still reflects the post-World War II global order. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The IMF report said while prices have fallen, financial stability risks appear contained. NZ must free up land, expand housing supply to ease home affordability - IMF 2023-06-14T04:00:00Z Saied has balked at conditions for the IMF money, which include cuts to subsidies on flour and fuel, cuts to the large public administration sector, and the privatization of loss-making public companies. European leaders offer more aid to Tunisia amid efforts to curb migration 2023-06-11T04:00:00Z Meloni, who also visited Tunisia last week, has pressed for the IMF to relax conditions for the loan. EU considering major Tunisia aid package as migration surges 2023-06-11T04:00:00Z “Who better than Jihad Azour to seal the deal with the IMF that can help guarantee us international investment,” Sadek said. Lebanese lawmakers fail in yet another attempt to elect president, end power vacuum 2023-06-14T04:00:00Z Gowan noted that when the Obama administration engineered a reform of IMF voting rights in 2010, “Congress took five years to ratify the deal — and Congress is even more divided and dysfunctional now.” UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The European leaders are bringing a packet of a packet of initiatives to improve security in Tunisia, easing the way for IMF help, Meloni said. European leaders hope to restore stability in Tunisia, a major source of migration 2023-06-10T04:00:00Z However, an IMF rescue package has been stalled for months with Saied rejecting the economic reforms needed to unlock the loans. Tunisia will not be Europe's border guard, president says 2023-06-10T04:00:00Z It was not clear if Tunisia would still need to finalise its IMF programme to qualify. EU considering major Tunisia aid package as migration surges 2023-06-11T04:00:00Z The country faces a series of economy crises, exacerbated by a stall in bailout funding from the IMF, which analysts said was unlikely to be significantly impressed by the budget. Pakistan's target of 3.5% GDP in 2023-24 fiscal year "realistic" - finance minister 2023-06-10T04:00:00Z U.S. climate chief John Kerry said in an Associated Press interview Wednesday that he will be attending the Paris summit along with IMF and World Bank officials. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z The IMF expects Sri Lanka’s economy to shrink about 3% this year after a 7.8% contraction last year, but the government forecasts a return to growth next year. Sri Lanka lifts import limits on 286 items as crisis eases 2023-06-10T04:00:00Z Donor countries have been pushing him to change tack and Italy has urged the IMF to finalise the loan. Tunisia will not be Europe's border guard, president says 2023-06-10T04:00:00Z Saied has said cuts to subsidies and restructuring of state-owned companies, which his own government proposed to the IMF to reassure lenders they would be repaid, risked igniting a social explosion. EU considering major Tunisia aid package as migration surges 2023-06-11T04:00:00Z "The budget is unlikely to improve chances of a SLA in June. IMF will likely ask for additional revenue measures of 500-800 billion. Expect a mini budget when a new program is being negotiated." VIEW Expert and industry views on Pakistan’s Federal budget for FY24 2023-06-09T04:00:00Z Neither the IMF nor the World Bank would comment directly on the secretary-general’s criticisms and proposals. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z Meloni said the European aid package due to be announced would pave the way for the release of the IMF funding. Italy's Meloni says EU aid package on the way for Tunisia 2023-06-09T04:00:00Z She said the IMF would release an updated World Economic Outlook on July 25. IMF urges Fed, central banks to keep tightening to reduce inflation 2023-06-08T04:00:00Z Last week, the IMF said Sri Lanka is showing signs of economic improvement, but its recovery still faces challenges. US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka 2023-06-08T04:00:00Z Experts have mixed reactions on whether the budget will meet IMF requirements and the impact on the economy. VIEW Expert and industry views on Pakistan’s Federal budget for FY24 2023-06-09T04:00:00Z Guterres said it’s time for the boards of the IMF and the World Bank to right what he called the historic wrongs and “bias and injustice built into the current international financial architecture.” UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z A year ago, the government set a total expenditure target at 9.5 trillion rupees for the 2022/23 year from 8.49 trillion rupees the year plans had to be scaled back after IMF discontent. Pakistani budget caught between IMF expectations and election 2023-06-07T04:00:00Z The IMF warned in April that lurking financial system vulnerabilities could erupt into a new crisis and slam global growth this year, edging its 2023 global growth forecasts lower. IMF urges Fed, central banks to keep tightening to reduce inflation 2023-06-08T04:00:00Z Last month, the finance minister said that the IMF had asked for details about the budget, which the government had planned to share. Pakistan's Prime Minister hopeful for deal with IMF this month 2023-06-05T04:00:00Z "The pure math of the federal budget is such that there has to be action on the revenue side," said Nigel Chalk, the IMF's Western Hemisphere Department acting director. Analysis: Debt-ceiling deal ignores US debt time bomb 2023-06-05T04:00:00Z The IMF and what is now known as the World Bank Group were created at a conference in Bretton Woods, New Hampshire, in July 1944 to be key institutions of a postwar international monetary system. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z It reached an agreement in March with the IMF for a nearly $3 billion bailout program over four years and started negotiations with its creditors on debt restructuring. Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding 2023-05-31T04:00:00Z Sri Lanka secured a $2.9 billion bailout from the IMF in March and aims to complete restructuring debt talks by September, coinciding with the first review by the lender. Sri Lanka cuts rates by 250 bps, signals rebound from crisis 2023-06-01T04:00:00Z The government has removed caps on the exchange rate, imposed taxes, raised energy tariffs and scaled back subsidies in an attempt to unlock the IMF funding. Pakistan's Prime Minister hopeful for deal with IMF this month 2023-06-05T04:00:00Z The IMF said Ukrainian officials had met requirements for reforming economic policies under a first review of what is to be a $15.6 billion loan package over four years. Ukraine’s economy shows ‘resilience’ from Russian attacks, IMF says as it backs aid 2023-05-30T04:00:00Z The IMF was to monitor exchange rates and lend reserve currencies to countries with balance of payment deficits. UN steps up criticism of IMF and World Bank, the other pillars of the post-World War II global order 2023-06-16T04:00:00Z Inflows of foreign money have been robust since the agreement with the IMF, aided by import controls, increased income from tourism and worker remittances, allowing the Central Bank to strengthen its reserves, the statement said. Sri Lanka reduces interest rates for 1st time since bankruptcy as economy shows signs of rebounding 2023-05-31T04:00:00Z "The central bank will likely wait for progress on the IMF programme and for inflation to fall below current interest rates before indicating a reduction," said Dimantha Mathew, head of research at First Capital. Sri Lanka c.bank to hold rates as inflation stays high 2023-05-30T04:00:00Z The release of pending bailout funds under the 9th IMF review are crucial for Pakistan to resolve an acute balance of payments crisis. Pakistan's Prime Minister hopeful for deal with IMF this month 2023-06-05T04:00:00Z |
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