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IMF says ECB, ESM support key to strong EU coronavirus response

WASHINGTON (Reuters) – The International Monetary Fund said on Monday the relaxation of the euro zone’s fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pa... More »


Fallout from Trump’s trade wars felt by economies around the world

WASHINGTON (Reuters) – The collateral damage of the United States’ trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Mo... More »


Facebook open to currency-pegged stablecoins for Libra project

WASHINGTON (Reuters) – Facebook Inc (FB.O), facing growing skepticism about its digital currency project Libra, on Sunday said the initiative could use cryptocurrencies based on national currencies such as the dollar, instead of the synthetic one it initially ... More »


Greece to strike deal this weekend to repay IMF early: official

WASHINGTON (Reuters) – Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member’s burden of debt servicing, a senior official said on Friday.... More »


ECB model suggests euro zone growth could slow further: sources

WASHINGTON (Reuters) – An internal European Central Bank model indicates the euro zone’s economic growth could slow further in the second quarter, suggesting the projected recovery may be delayed even further, two sources familiar with the discussion said on F... More »


Treasury chief may visit China as trade tensions simmer

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade pract... More »


IMF chief calls on Indonesia to boost growth rate to absorb workers

International Monetary Fund Managing Director Christine Lagarde (L) and Indonesian President Joko Widodo leave Tanah Abang market following their visit in Jakarta, Indonesia February 26, 2018. REUTERS/Darren Whiteside JAKARTA (Reuters) – International Monetary... More »


Australia’s economy seen growing at ‘modest’ pace: IMF

FILE PHOTO: A worker looks on as a drill breaks the pavement on a construction site next to Barangaroo building complex in Sydney’s central business district (CBD) Australia, November 9, 2017. REUTERS/Daniel Munoz SYDNEY (Reuters) – Australia’s economy is expe... More »


IMF says Ukraine land reform will be key for next review

The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS/Yuri Gripas Overhauling land legislation will be key for Ukraine’s next review by the International Monetary Fund (IMF) and shou... More »


Worries over Trump policies cloud start of IMF, World Bank meetings

A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington, U.S., April 19, 2017. REUTERS/Yuri Gripas World finance leaders are gathering on U.S. President Donald Trump’s home turf on Thursday to try to nudge his sti... More »


IMF`s Lagarde says worried about European elections

International Monetary Fund (IMF) Managing Director Christine Lagarde delivers remarks at the Atlantic Council in Washington, U.S., February 8, 2017. REUTERS/Jonathan Ernst International Monetary Fund Managing Director Christine Lagarde said on Sunday that she... More »

IMF says welcomes Egypt`s currency float: statement

IMF official Chris Jarvis at a news conference in Cairo, Egypt August 11, 2016. REUTERS/Mohamed Abd El Ghany The International Monetary Fund (IMF) has welcomed Egypt’s decision to float its pound currency on Thursday, it said in a statement, adding that the de... More »

Brexit makes euro zone sustainability less likely: JPMorgan CEO

JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain’s Chancellor of the Exchequer George Osborne (not shown) at JP Morgan’s corporate centre in Bournemouth, southern Britain, June 3, 2016. REUTERS/Dylan Martinez Britain’s ... More »

Egypt reaches preliminary deal with IMF: government sources

CAIRO Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending program and will make an announcement on Thursday, two government sources said. The sources said no deal had be... More »

IMF says it’s encouraged by Gulf’s economic reform plans

DUBAI The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters to repair damage to their state finances as low crude prices slash export revenues. “I do see in a number of countries action to addre... More »

Senate passes IMF reform in budget bill

WASHINGTON The U.S. Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout a... More »

IMF’s yuan inclusion signals less risk taking in China

SHANGHAI/NEW YORK When the International Monetary Fund agrees on Monday to add the Chinese yuan to its reserves basket in the biggest shake-up in more than three decades, the IMF can afford itself a congratulatory nod. By acknowledging the yuan as a major glob... More »

IMF urges Japan to proceed with second sales tax hike

LIMA, Peru A senior International Monetary Fund official has urged Japan to go ahead with a sales tax hike scheduled for April 2017 to maintain its long-term fiscal credibility. Mitsuhiro Furusawa, the IMF’s deputy managing director, warned on Sunday that flex... More »

IMF’s Lagarde says French reforms on track, but more needed

PARIS France is on the right path with reforms the Socialist government has undertaken but needs to go farther, International Monetary Fund chief Christine Lagarde said on Sunday. Lagarde, who was finance minister in the government of conservative former presi... More »


Germany holds up Greek bid for euro zone loan extension

ATHENS/BRUSSELS (Reuters) – Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was “not a substantial solution” because it did not commit Athens to stick to the conditions of its international bai... More »

Sex offence trial of ex-IMF head Strauss-Kahn opens

LILLE, France (Reuters) – Dominique Strauss-Kahn, the former IMF chief tipped to become French president before a New York hotel maid accused him of sexual assault in 2011, went on trial in France on Monday in a separate case of alleged procuring of prostitute... More »

IMF launches consultations on Islamic finance

(Reuters) – The International Monetary Fund has held its first consultation with an external advisory group of Islamic finance industry bodies, as regulators across the globe seek to address structural issues in the sector. Islamic finance, with its core marke... More »

Banks need overhaul, but risk to recovery, IMF says

WASHINGTON (Reuters) – A much-needed pruning of banks across the world could stifle lending and dampen economic recovery, the International Monetary Fund said on Wednesday. To boost profits, banks need to raise prices in certain business lines, pull out of oth... More »

IMF cuts growth outlook, warns on euro zone, Japan

WASHINGTON (Reuters) – The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil. In its flagship World Eco... More »

IMF warns of risks from ‘excessive’ financial market bets

WASHINGTON (Reuters) – The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesda... More »

IMF’s Lagarde urges Germany to spend more, aid recovery

PARIS (Reuters) – International Monetary Fund (IMF) head Christine Lagarde urged Germany to increase investments to help spur the euro zone’s flagging economic recovery, adding that the bloc as a whole needed to make more structural reforms. With the euro zone... More »

Euro zone may discuss early Irish bailout repayment to IMF

BRUSSELS (Reuters) – Euro zone finance ministers are likely to discuss in September whether to allow Ireland to repay its more expensive bailout loans from the International Monetary Fund before paying back the euro zone bailout fund, a euro zone official said... More »

Euro zone has correct fiscal stance to cut debt, help growth: IMF

LUXEMBOURG (Reuters) – The euro zone’s fiscal stance strikes the right balance between reducing debt and bolstering demand, the International Monetary Fund said in a statement on Thursday. The euro zone’s overall government deficit fell to the European Union l... More »

China to boost bank lending power, though IMF says no need

BEIJING (Reuters) – China aims to cut the proportion of cash that commercial banks must keep with the People’s Bank of China, the banking regulator said on Friday, signalling further monetary loosening although the IMF and World Bank say the economy is doing f... More »

IMF’s Lagarde says not a candidate for EU Commission job

LONDON (Reuters) – IMF Managing Director Christine Lagarde ruled herself out of the running for the job of European Commission president on Friday, saying she intended to complete her term in charge of the International Monetary Fund. “I’m not a candidate and ... More »

Ad hoc reforms for IMF seen unlikely

WASHINGTON (Reuters) – Global finance officials appear inclined to give the United States more time to endorse a series of long-delayed International Monetary Fund reforms aimed at giving more weight to emerging economy nations, rather than trying to implement... More »

IMF still sees advantage for ‘too important to fail’ banks

WASHINGTON (Reuters) – Top banks in the euro zone benefited from an implicit taxpayer subsidy of $90 billion to $300 billion in 2012 due to ongoing state support which makes them “too important to fail,” the International Monetary Fund said in a report on Mond... More »

Euro zone to assure IMF it will keep funding Greece: EU official

BRUSSELS (Reuters) – The euro zone will assure the International Monetary Fund in coming months that it will continue to bankroll Greece, enabling the IMF to disburse its share of international aid to Athens, a senior European Union official said on Friday. Pr... More »

Cyprus gets next IMF aid installment under bailout

WASHINGTON (Reuters) – The International Monetary Fund signed off on Friday on Cyprus’s progress in meeting the conditions of its bailout program, giving the euro zone country another $114 million. Cyprus has to comply with the conditions of the bailout progra... More »

IMF: Israel interest rate ok now but hikes may be needed

JERUSALEM (Reuters) – The Bank of Israel should gradually raise interest rates if its economy grows faster than expected and the shekel’s appreciation eases, the International Monetary Fund said, warning that low rates could fuel further house price increases.... More »

IMF to postpone approval of Romania’s aid deal review

BUCHAREST (Reuters) – The International Monetary Fund said on Tuesday it will postpone sending a review of Romania’s new standby aid agreement to its executive board for approval after the country’s president refused to ratify it because of tax hikes. “We are ... More »

Portugal set to pass budget amid protests- court challenges loom

LISBON (Reuters) – Portugal is set to approve a 2014 budget on Tuesday, the last under its three-year EU/IMF bailout, but passing the measure is likely to trigger court challenges that could disrupt the country’s exit from the bailout program. As the last pre-... More »

Ireland opts to exit bailout without back up credit line

DUBLIN (Reuters) – Ireland said on Thursday it would make a clean break from its EU/IMF bailout next month, forgoing a precautionary credit line that some of its European partners had wanted it to take. Its prime minister, Enda Kenny, said it was the right dec... More »

Exclusive: EU, IMF coordinate on Ukraine as Russia threat looms

BRUSSELS (Reuters) – The European Union is in advanced discussions with the International Monetary Fund on providing standby financing to Ukraine should the country come under economic pressure from Russia later this year, senior EU officials have told Reuters... More »

G20 hopes grow for U.S. deal to avert default

WASHINGTON (Reuters) – Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a U.S. default at talks on Friday as hopes grew that Washington could soon clinch a stop-gap deal to ensure it can keep paying it... More »

EU must speed up banking union to gain trust, IMF says

WASHINGTON (Reuters) – The International Monetary Fund urged the European Union to quickly set up an agency that would close or salvage troubled banks across the continent as part of an effort to shed a mountain of bad debt impeding economic recovery. The reco... More »

IMF says Turkey should tighten monetary, fiscal policy

WASHINGTON (Reuters) – The International Monetary Fund called on Turkey to tighten its monetary and fiscal policies to reduce its external imbalances, which have been exacerbated by capital outflows from emerging markets. “The market reappraisal of advanced ec... More »

IMF ups 2013 growth outlook for Uruguay economy, trims 2014 view

MONTEVIDEO (Reuters) – The International Monetary Fund raised its 2013 economic growth forecast for Uruguay on Friday, but lowered its estimates for 2014, saying growth had “moderated to a more sustainable pace” after a decade of strong expansion. Citing robus... More »

Recent Chinese data reinforce IMF’s 2013 GDP forecast: official

TOKYO (Reuters) – China’s recent economic data reinforce the International Monetary Fund’s forecast that the world’s second-largest economy will avoid a second-half slowdown and grow 7.75 percent this year, a fund official said on Thursday. Markus Rodlauer, de... More »

IMF chief says bank union needs to be completed quickly

PARIS (Reuters) – International Monetary Fund chief Christine Lagarde urged euro zone governments on Tuesday to make quick progress on their proposed banking union, to put the bloc’s crisis definitively behind it. European efforts to construct a joint backstop... More »

IMF sees higher 2013 lending, growth pace for Vietnam

HANOI (Reuters) – Lending has picked up “modestly” in Vietnam this year and the country should grow slightly faster than projected earlier, the International Monetary Fund said. The IMF, in a statement issued on August 9 after a delegation visited Vietnam, sai... More »

Analysis: How France’s Hollande plans to win his bet on jobs

PARIS (Reuters) – Defying all predictions by the IMF, the European Commission and the bulk of private economists, President Francois Hollande is still banking on a turnaround in French unemployment by the end of the year. Not only that, he has upped the stakes... More »

IMF approves $2.3 billion aid for Greece

WASHINGTON (Reuters) – The International Monetary Fund on Monday approved a further 1.7 billion euros ($2.3 billion) in funds for Greece’s bailout program after completing the fourth review of the cash-strapped euro zone state. Greece last week adopted the las... More »

IMF’s Lagarde says ECB can do more if needed

VILNIUS (Reuters) – The European Central Bank still has weapons in its arsenal to use if needed, International Monetary Fund chief Christine Lagarde said on Thursday. “There is no question that monetary policy cannot be a substitute for everything else that ne... More »

ECB’s Asmussen rejects call for troika to be abolished

FRANKFURT (Reuters) – European Central Bank policymaker Joerg Asmussen rejected on Wednesday a call from the EU justice commissioner for the “troika” of the European Commission, ECB and International Monetary Fund to be dissolved. Commissioner Viviane Reding, ... More »


Euro zone grants multi-billion euro lifeline for Greece

BRUSSELS (Reuters) – Greece secured a lifeline from the euro zone and the IMF on Monday but was told it must keep its promises on cutting public sector jobs and selling state assets to get all the cash. The 6.8 billion euro ($8.7 billion) deal, which spares Gr... More »

ECB’s Asmussen: Greece has more to do to convince troika

BERLIN (Reuters) – European Central Bank Executive Board member Joerg Asmussen told a German newspaper on Wednesday Greece had more to do to ensure a positive outcome to a review by its “troika” of international lenders, but said talk of debt write-downs was u... More »


Troika to visit Lisbon after court ruling: government

LISBON (Reuters) – Portugal’s lenders from the European Union and IMF will visit Lisbon following the rejection by the constitutional court of some government austerity measures to tackle uncertainty created by the ruling, the finance ministry said on Monday. ... More »


Cypriot president threatens resignation in bailout talks

BRUSSELS (Reuters) – Cypriot President Nicos Anastasiades threatened to resign during a heated exchange with European Union and IMF officials over a rescue package for his country, a senior official taking part in the negotiations said on Sunday. Anastasiades ... More »

ECB should cut rates, allow higher inflation: Lagarde

DUBLIN (Reuters) – The euro zone may need higher inflation in countries like Germany and lower interest rates across the bloc to ensure a sustained economic recovery brings palpable benefits, the head of the IMF said on Friday. Speaking during a visit to baile... More »

Greece faces bailout review, plays down public sector job losses

ATHENS (Reuters) – Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece’s performance under a bailout plan as the government plays down the prospect of public sector job cuts. The heads of the “troik... More »

Exclusive: ECB rejects Irish bid on promissory note – sources

(Reuters) – The European Central Bank has rejected Ireland’s preferred solution to a dispute over the cost of servicing money borrowed to rescue a failed bank, EU sources familiar with the talks said on Saturday. Dublin wants to avoid having to pay 3.1 billion... More »

Euro zone, IMF reach deal on long-term Greek debt

BRUSSELS (Reuters) – Euro zone finance ministers and the International Monetary Fund clinched agreement on a new debt target for Greece on Monday in a breakthrough towards releasing an urgently needed tranche of loans to the near-bankrupt economy, officials sa... More »


Greece’s lenders fail again to clinch debt deal

BERLIN/ATHENS (Reuters) – International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signaled that significant divisions remain. Euro zone finance ministers, the Internationa... More »

Euro zone, IMF fail to strike Greek debt deal

BRUSSELS/ATHENS (Reuters) – Greece’s international lenders failed for the second week running to agree how to get the country’s debt down to a sustainable level and will have a third go in six days’ time. After nearly 12 hours of talks through the night during... More »


Greece wins more time but no immediate aid

BRUSSELS (Reuters) – Greece’s international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country’s debt pile. Euro zone finance minist... More »


IMF urges aid for Italy, Spain but Rome baulking

MILAN/MADRID (Reuters) – The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc’s debt crisis, but Rome has rebuffed the idea and Madrid seems likely to a... More »


Spain says ECB plan ready to be used, no blocking

TOKYO (Reuters) – Spain on Friday said a European bond-buying plan was fully ready for use and that there was absolutely no political resistance from within the euro zone to a Spanish bailout request. The situation in Spain, which is considering seeking an aid... More »


Europe uneasy in IMF spotlight as Tokyo meetings start

TOKYO (Reuters) – Greece, Spain and the euro zone’s slow progress toward debt reform take centre stage at IMF meetings on Friday despite Europe’s best effort to remove itself from the spotlight. The International Monetary Fund recommended that some of Europe’s... More »

IMF chides EU for “critically incomplete” crisis response

TOKYO (Reuters) – The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system. The IMF’s stark tone on the euro area deb... More »

Greece confounds euro zone, Spain not seen seeking bailout

LUXEMBOURG (Reuters) – Euro zone finance ministers and the International Monetary Fund held a “thorough and robust” debate on Greece on Monday, but failed to make significant progress in deciding how best to get the country back on track with its bailout progr... More »


IMF cuts global growth forecast- prods Europe, U.S

TOKYO (Reuters) – The IMF cut its global growth forecast on Tuesday for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump. Global growth is too weak to bring down unemployment ... More »

Analysis: Uneasy role for IMF in euro zone crisis

WASHINGTON (Reuters) – The euro zone debt crisis is pushing the International Monetary Fund into new, and at times, uncomfortable territory. The global lender is preparing to monitor some of Europe’s largest economies possibly without its biggest weapon – mone... More »


Europe must implement plans or risk upsetting markets: IMF

JACKSON HOLE, Wyoming (Reuters) – Euro zone commitments to tackle the region’s two-year sovereign debt crisis have comforted financial markets but must now be translated into action or risk investor patience souring again, the International Monetary Fund said ... More »

Greece eyes T-bills to cover funding squeeze: minister

ATHENS (Reuters) – Greece is leaning towards issuing T-bills to plug a cash squeeze this month as resumption of its bailout funding hinges on a positive assessment by European Union and IMF inspectors, its deputy finance minister told Sunday’s Kathimerini news... More »

IMF economist accuses Fund of suppressing information

WASHINGTON (Reuters) – A veteran economist at the International Monetary Fund has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and euro zone crisis. In a resignation letter to the IMF’s boar... More »