Lagarde: IMF ready to help rescue Venezuelan economy
WASHINGTON (AP) — The International Monetary Fund is ready to rescue Venezuela's economy, but the task will be so huge that it will require financial help from other international players, the...
At Dubai summit, Pakistan premier warns of ‘painful’ reforms
DUBAI, United Arab Emirates (AP) — Pakistan's Prime Minister Imran Khan said Sunday his nation needed "painful" economic reforms to cut back on its massive debt, just after meeting the head of the International Monetary Fund, signaling the former cricketer may be willing to slash government spending for a bailout.
The Latest: France wants new Renault chief to lock in Nissan
DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local):
France's economy minister says he expects the future chief of Renault to consolidate the French automaker's alliance with Japanese partner Nissan.
World economy forecast to slow in 2019 amid trade tensions
DAVOS, Switzerland (AP) — The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990.
The IMF cut its estimate for global growth this year to 3.5 percent, from the 3.7 percent it had predicted in October and down from 2018's 3.7 percent. The fund cited heightened trade tensions and rising interest rates.
Guest lineups for the Sunday news shows
WASHINGTON (AP) — Guest lineups for the Sunday TV news shows:
ABC's "This Week" — Sens. Marco Rubio, R-Fla., and Chris Murphy, D-Conn.
Guest lineups for the Sunday news shows
WASHINGTON (AP) — Guest lineups for the Sunday TV news shows:
ABC's "This Week" — White House economic adviser Larry Kudlow; Sens. Marco Rubio, R-Fla., and Chris Murphy, D-Conn.
The Latest: IMF’s chief Lagarde defers Mideast trip
ISTANBUL (AP) — The latest on the disappearance of a Saudi writer who Turkish officials fear was killed inside the Saudi Consulate in Istanbul (all times local):
The International Monetary Fund says its managing director Christine Lagarde is deferring her trip to the Middle East. A brief statement by an unnamed IMF spokesman Wednesday did not elaborate.
The Latest: IMF’s Lagarde planning to attend Saudi meeting
NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local):
The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in Saudi Arabia later this month despite concerns over the disappearance of journalist and U.S. resident Jamal Khashoggi.
IMF team to visit Pakistan after request for bailout loans
ISLAMABAD (AP) — The head of the International Monetary Fund said Thursday that it will send a team to Pakistan in the coming weeks after the government requested emergency bailout loans.
IMF Managing Director Christine Lagarde confirmed that Pakistan had requested the loans after meeting with Finance Minister Asad Umar in Indonesia, without saying how much the Pakistanis had asked for.
As markets swoon, finance chiefs urge US, China to cool it
NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies.
Argentina peso slides after record loan with IMF
BUENOS AIRES, Argentina (AP) — The Argentine peso slipped Thursday, a day after the government reached a revised $57.1 billion loan package with the International Monetary Fund that seeks to ease investor concerns over the country's ability to meet its debts amid an economic crisis.
Argentina has been hit by a sharp depreciation of the peso amid double-digit inflation, with the currency losing more than half of its value this year. The peso dipped Thursday, to close at 40.60 per U.S. dollar.
Argentina, IMF reach deal to boost financing to $57 billion
BUENOS AIRES, Argentina (AP) — The International Monetary Fund has agreed to increase a lending package with Argentina by $7.1 billion to a total of $57.1 billion, Economy Minister Nicolas Dujovne said Wednesday.
The South American country had secured $50 billion in financing as part of a deal worked out with the IMF in June after Argentina was battered by a currency crisis, a run on the Argentine peso and double-digit inflation.
Argentina: Only seeking financing from IMF to stem crisis
BUENOS AIRES, Argentina (AP) — Argentina is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis, the country's economy minister said Wednesday.
WASHINGTON (AP) — The International Monetary Fund said Thursday that tax cuts will help fuel the U.S. economy this year and next. But it warned that growth after that will slide to levels just half of what the Trump administration is forecasting.
Argentina seeking credit line from IMF
BUENOS AIRES, Argentina (AP) — President Mauricio Macri said Tuesday that Argentina has begun talks on a financing deal with the International Monetary Fund following a sharp devaluation of its currency and amid a difficult "global scenario."
Argentina was forced recently to impose three interest rate hikes to halt a sharp devaluation of its peso.
More than 70 countries commit to combat terror financing
PARIS (AP) — More than 70 countries committed Thursday to bolster efforts in the fight against terrorism financing associated with the Islamic State group and al-Qaida.
Participants at an international conference in Paris agreed to "fully criminalize" terror financing through effective and proportionate sanctions "even in the absence of a link to a specific terrorist act."
Trade tensions between the U.S. and China risk eroding business and investor confidence, even as global growth enjoys its best upswing in years.
IMF’s Lagarde: Trade tensions threaten global economy
WASHINGTON (AP) — The head of the International Monetary Fund warned Thursday that the healthiest global economy in years is threatened by rising debt levels, volatile financial markets and a simmering trade dispute between the world's two biggest economies.
IMF Managing Director Christine Lagarde told reporters a U.S.-China trade war "will not be something that will affect only the two countries because the world is so interconnected. It will affect the global economy."
IMF Warns Risks of Rising Global Trade Tensions
IMF head Lagarde warns of rising risks to global economy
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that a number of threats could derail the global economic recovery, despite signs that 2017 will be the best year for global growth since 2010.
IMF Managing Director Christine Lagarde warned that global financial leaders need to beware of a number of threats from growing political tensions to increased skepticism about the benefits of globalization and rising levels of income inequality.
IMF chief: economic recovery takes hold in most of the world
WASHINGTON (AP) — The head of the International Monetary Fund said Thursday that "the long-awaited global recovery is taking root" and that three-quarters of the globe is enjoying an economic upswing in "the broadest-based acceleration since the start of the decade."
IMF chief tells central bankers to not dismiss bitcoin
LONDON (AP) — Christine Lagarde, the head of the International Monetary Fund, has a message for the world's central bankers: Don't be Luddites.
Addressing a conference in London on Friday, Lagarde said virtual currencies, which are created and exchanged without the involvement of banks or government, could in time be embraced by countries with unstable currencies or weak domestic institutions.
IMF approves conditional $1.8 billion loan to Greece
WASHINGTON (AP) — The International Monetary Fund's board on Thursday approved a $1.8 billion loan to Greece — but will only release the money if the country gets debt relief from its European creditors.
The IMF has praised Greece for taking steps to reduce its budget deficits, including expanding its tax base and cutting spending on pensions. But the lending agency is pressuring Greece's eurozone lenders to provide enough relief to ensure the battered country can pay its bills.
CAIRO (AP) — The head of the International Monetary Fund has praised Egypt's reform measures, saying they will set the country on "a path of stability."
Christine Lagarde said in a statement late Thursday that Egypt's government and central bank have "taken the right measures to rein in inflation, reduce the budget deficit, and set the Egyptian economy on a path to stability and growth."
BEIJING (AP) — This week's conference in Beijing centered on President Xi Jinping's "One Belt, One Road" initiative has drawn heads of state and government from 29 countries, along with leaders of global organizations including the United Nations and International Monetary Fund.
Lagarde and Mnuchin Discuss US Economy
Leaders of IMF and World Bank defend globalization
WASHINGTON (AP) — World finance leaders on Thursday defended globalization against an assault from President Donald Trump and European populists. They argued that blocking free trade would hobble economic growth instead of saving jobs from foreign competition.
World Bank President Jim Yong Kim told journalists that freer trade and more openness were "critical for the future of the world."
IMF head: Trump good for US economy for now as trouble looms
DUBAI, United Arab Emirates (AP) — The head of the International Monetary Fund said Sunday that U.S. President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade.
Christine Lagarde said Trump's plans for additional investment in U.S. infrastructure and his likely tax reforms will boost America's economic fortunes.
IMF’s Lagarde in Central African Republic to urge support
BANGUI, Central African Republic (AP) — The managing director of the International Monetary Fund is making her first visit to Central African Republic to encourage the global community to support a country whose infrastructure has been "shattered" by conflict.
Christine Lagarde was in the deeply impoverished nation on Wednesday and later was stopping in Uganda on her African visit.
IMF board: Lagarde will remain as chief despite conviction
WASHINGTON (AP) — Christine Lagarde will remain head of the International Monetary Fund despite her conviction Monday of negligence in a case dating to her tenure as France's finance minister.
Lagarde’s leadership of IMF in question after conviction
PARIS (AP) — The high-flying career of Christine Lagarde, the head of the International Monetary Fund, hung in the balance Monday after a special French court convicted her of negligence for not seeking to block a fraudulent 2008 arbitration award to a politically connected tycoon while she was France's finance minister.
The Latest: Lagarde lawyer won’t speculate on her career
PARIS (AP) — The Latest on the French verdict in the case of the International Monetary Fund chief Christine Lagarde (all times local):
A lawyer for International Monetary Fund chief Christine Lagarde says he won't speculate on any effect the guilty verdict in a French case may have on her career.
IMF chief Lagarde proclaims innocence in French payout case
PARIS (AP) — International Monetary Fund chief Christine Lagarde proclaimed her innocence in a Paris court Monday at the start of her trial on accusations of negligence for allowing a huge payout to a well-connected businessman when she served in French government.
Lagarde told the court she does "not feel guilty of any negligence whatsoever" and that she "acted in conscience and confidence, in the general interest of public affairs."
IMF chief Lagarde faces negligence trial in France
PARIS (AP) — Christine Lagarde is taking time off her day job solving the world's financial crises to face trial Monday, accused of negligence after the French state handed $425 million to a tycoon close to the president in 2008.
The well-respected, silver-haired head of the International Monetary Fund denies wrongdoing in the case, which dates to her time in the French government when she was economy and finance minister.
IMF chief hails Egypt austerity, urges approval of $12B loan
CAIRO (AP) — The head of the International Monetary Fund praised Egypt's recent austerity measures on Tuesday and called on the world lender's Executive Board to finalize a $12 billion loan package to help rebuild the economy of the Arab world's most populous country.
IMF chief: Equal pay for men and women boosts growth
WASHINGTON (AP) — The chief of the International Monetary Fund on Monday called on governments and businesses to do more to promote the same economic opportunities for men and women and to fight discrimination that interferes with those goals.
IMF, US Treasury chiefs visit Gulf amid oil price slowdown
DUBAI, United Arab Emirates (AP) — Oil-rich Gulf countries face further economic strain as crude prices remain low, requiring them to cut back spending and raise money other ways, the heads of the International Monetary Fund and the U.S. Treasury have said in recent visits to the region.