ISLAMABAD (AP) — The International Monetary Fund said Sunday it reached a preliminary agreement with Pakistan for a $6 billion bailout over the next three years to finance sweeping economic...
ISLAMABAD (AP) — Pakistan and the International Monetary Fund have launched the final round of talks over the $8 billion bailout package for Islamabad, a deal that's expected to be signed next...
DUBAI, United Arab Emirates (AP) — Political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year, according to a new report released Monday by...
Greece looks to repay IMF early as bond yields tumble
ATHENS, Greece (AP) — The Greek government on Monday said it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates have...
WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and...
WASHINGTON (AP) — The International Monetary Fund and the World Bank said Thursday they are ready to respond to the humanitarian crisis in Venezuela if their participation is requested.
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Thursday the world is facing a time of high uncertainty with 70% of the global economy caught in a growth slowdown...
IMF: It would be foolish to abandon program in Argentina
WASHINGTON (AP) — The International Monetary Fund on Thursday urged candidates in Argentina to carry on with the IMF-supported economic program after October's presidential...
WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade...
WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for growth in the United States, Europe, Japan and the overall global economy and points to heightened trade tensions...
WASHINGTON (AP) — The executive board of the International Monetary Fund on Friday approved its third review of a $56 billion IMF-supported program for Argentina, giving the country access to an...
WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being...
IMF staff concludes third review of Argentina program
WASHINGTON (AP) — An International Monetary Fund mission and Argentine authorities have reached an agreement on the third review of a $56 billion IMF-supported program.
WASHINGTON (AP) — The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no...
IMF reaches tentative deal with Haiti for $229M loan
PORT-AU-PRINCE, Haiti (AP) — The International Monetary Fund has reached a tentative deal to extend a $229 million loan to Haiti.
IMF officials said the loan would be used to help feed...
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...
IMF and Ecuador reach agreement on $4.2 billion fund
WASHINGTON (AP) — The International Monetary Fund's staff has agreed to support the economic policies of the Ecuadorean government with $4.2 billion over the next three years.
- Winona Daily NewsAndres Oppenheimer: Crisis keeps growing in VenezuelaJanuary 2, 2019
- The Washington TimesIMF's Christine Lagarde latest to cancel on Saudi conference amid Khashoggi furorOctober 17, 2018
- The Washington TimesIMF plans talks with Pakistan on debt helpOctober 11, 2018
- The Washington TimesU.S., China clash on Pakistan's IMF loanAugust 8, 2018
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.
IMF approves $2 billion loan payment for Egypt
CAIRO (AP) — The International Monetary Fund has lauded Egypt's robust growth and acknowledged progress in stabilizing its economy, instilling market confidence and cutting debt.
The IMF said late Tuesday it approved a $2 billion loan payment to Egypt, the latest in the country's three-year aid program.
Egypt has now received about $10 billion since the government secured a three-year $12 billion loan in 2016 and launched an austerity program that included subsidy cuts.
IMF sees Greek economy accelerating in 2019
ATHENS, Greece (AP) — The International Monetary Fund said Friday it is optimistic on Greece's growth and employment prospects for this year, but urged the government to stick to reforms to maintain the momentum.
In a report published following five-day talks with officials in Athens, IMF officials said that the battered Greek economy is set to grow 2.4 percent this year, up from 2.1 percent in 2018.
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 shares retreat on fears of global, Chinese slowdown
SINGAPORE (AP) — World markets fell Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020 and China said its economy grew at the slowest pace in nearly 30 years.
Asian shares decline on concerns over global, China slowdown
SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on Monday.
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.
IMF completes second review of Argentina loan
WASHINGTON (AP) — The executive board of the International Monetary Fund on Wednesday completed its second review of a three-year, $56 billion stand-by financing deal for Argentina.
That step allows the South American country to draw about $ 7.6 billion, bringing the total amount received from the IMF since June to about $28.09 billion, the organization announced in a press release.
IMF staff had given their go-ahead last month, but the executive board's approval was still necessary.
Ukraine secures new IMF loan after making reforms
KIEV, Ukraine (AP) — The Ukrainian leader says the International Monetary Fund has approved a new loan for the country.
President Petro Poroshenko hailed the move as recognition of Ukraine's progress in stabilizing its economy and implementing reforms.
- Business WireCS Global Partners: IMF Reiterates Support for Dominica’s Climate Resilience and Economic DevelopmentMarch 14, 2019
- Business WireCS Global Partners: IMF Praises Dominica’s Cooperation and EconomyFebruary 18, 2019
- Business WireCS Global Partners: IMF Praises Dominica’s Cooperation and EconomyFebruary 18, 2019
IMF to review Argentina’s financing deal on Dec. 19
WASHINGTON (AP) — The International Monetary Fund says its executive board will meet on Dec. 19 to make a second review of a three-year, $56 billion stand-by financing deal for Argentina.
IMF staff gave their go-ahead last month for the South American country to receive a new disbursement of $7.6 billion, but the executive board's approval is still necessary.
The fund announced the date of the board meeting on Thursday.
IMF says it is reviewing data provided by Venezuela
WASHINGTON (AP) — The International Monetary Fund said Thursday that it is reviewing delayed economic data provided by Venezuela.
IMF spokesman Gerry Rice told reporters that the executive board will meet in coming weeks to determine whether the South American country has met its obligation to share periodic information.
"At this stage, we are reviewing data that we have received from Venezuelan authorities," Rice said.
IMF approves $3.7 billion loan for oil-rich Angola
JOHANNESBURG (AP) — The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year.
The IMF said Friday that the loan aims to help the southern African country restructure state-owned enterprises and take other measures to improve economic governance.
AP Interview: Argentine leader sees tough road ahead
BUENOS AIRES, Argentina (AP) — Argentina's president is celebrating the successful hosting of the Group of 20 summit, but he said Monday that he is ready for tough times ahead as his country confronts its economic crisis.
President Mauricio Macri told The Associated Press in an interview that he took pride in organizing a secure gathering for the leaders of the world's largest economic powers where they agreed on a final statement.
Pakistan’s currency plunges again as country seeks IMF loan
ISLAMABAD (AP) — Pakistan's currency has plunged further as the country is mired in a financial crisis and seeking an $8 billion bailout package from the International Monetary Fund.
The Pakistani rupee traded at 142 to the dollar on Friday, a decline from 133.90 rupees to $1 at close of business the previous day.
IMF cites progress in talks on Pakistan bailout
ISLAMABAD (AP) — Pakistan and the International Monetary Fund have made "significant progress" toward agreeing on an $8 billion bailout package, the Fund said Tuesday following a week of talks in Islamabad.
IMF executive board will meet in ‘coming weeks’ on Venezuela
WASHINGTON (AP) — The International Monetary Fund said Thursday its executive board will meet in the "coming weeks" to discuss the failure of the Venezuelan government to provide updated figures on its troubled economy.
Spokesman Gerry Rice told reporters that IMF officials have held recent conversation with Venezuelan officials about the issue, but refused to say whether any deadline had been given to Caracas to come up with the data.
Argentine Senate approves austerity budget for IMF deal
BUENOS AIRES, Argentina (AP) — Argentine lawmakers approved an austerity budget for 2019 on Thursday, cutting social spending and raising debt payments to meet conditions for expanded financing from the International Monetary Fund.
The budget approved Thursday by the Senate projects a 0.5 percent slide in GDP and a 23 percent inflation rate by the end of 2019, down from an expected 44 percent this year. It was approved earlier by the lower house.
IMF: Mideast oil producers buoyed by higher prices, for now
DUBAI, United Arab Emirates (AP) — Higher oil prices are helping to offset increases in public spending by the Middle East's oil exporting heavyweights like Saudi Arabia, with these countries narrowing their budget deficit by $77 billion, the International Monetary Fund said on Tuesday.
IMF warns about uncertainty over Lopez Obrador policies
WASHINGTON (AP) — The International Monetary Fund warned Thursday that uncertainty associated with the policies of the incoming administration of Mexican President-elect Andres Manuel Lopez Obrador persists and poses a significant challenge for the country's economy.
Heads of World Bank, IMF say risks of trade tensions growing
BEIJING (AP) — Leaders of the World Bank, International Monetary Fund and other global financial organizations warned Tuesday that trade tensions pose a growing risk for emerging economies.
With the U.S. and China embroiled in their worst trade conflict in decades, global growth has "plateaued and some downside risks have materialized," the leaders said in a joint statement issued after a meeting in Beijing.
IMF increases loan amount to Argentina
WASHINGTON (AP) — The International Monetary Fund on Friday increased to $56.3 billion a $50 billion it had granted to Argentina in June.
The announcement now allows Argentina to immediately draw $5.7 billion, which brings the total disbursements since June to $20.4 billion, the IMF said in a press release.
Argentina lower house approves budget amid economic turmoil
BUENOS AIRES, Argentina (AP) — Argentina's lower house has approved a 2019 budget bill that includes austerity measures demanded by the International Monetary Fund.
Lawmakers debated for more than 17 hours and voted 138-103 early Thursday in favor of the bill that now goes to the Senate. It includes tax hikes, government cuts and other measures aimed at eliminating the fiscal deficit next year.
Ex-IMF chief as he enters prison: ‘I ask forgiveness’
MADRID (AP) — Former International Monetary Fund chief Rodrigo Rato is apologizing for his crimes as he starts a 4½-year prison sentence for misusing a Spanish bank's corporate credit card.
Rato said as he entered a prison outside Madrid on Thursday, "I accept my obligations to society, I admit the mistakes I may have made and I ask forgiveness from society and the people who may have been affected or felt let-down."
Pakistan gets $6B in Saudi aid after PM attends forum
ISLAMABAD (AP) — Prime Minister Imran Khan's decision to attend a Riyadh investment conference despite the outcry over the killing of a Saudi journalist has coincided with an agreement for a $6 billion assistance package from the oil-rich kingdom, a crucial infusion of cash as Pakistan grapples with a soaring deficit.
Analysts say the Saudi infusion will allow Islamabad to breathe a little easier as it seeks a critical loan from the International Monetary Fund to address its $18 billion deficit.
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.
IMF-World Bank ends meetings with call to brace for risks
NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions.
The meetings in Bali, Indonesia, this week were overshadowed by a spate of financial market turmoil and by the threat to global growth from the trade clash between the U.S. and China over Beijing's technology policies.
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.
Indonesian president says trade wars too destructive
NUSA DUA, Indonesia (AP) — Indonesian President Joko "Jokowi" Widodo added to a chorus of criticism Friday over trade friction between the U.S. and China, telling financial leaders gathered in Bali, Indonesia, that victory in a trade war would be pointless in a "sinking world."
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.
The Latest: Southeast Asian leaders affirm free trade goals
NUSA DUA, Indonesia (AP) — The Latest on the IMF-World Bank annual meeting (all times local):
Leaders of the Association of Southeast Asian Nations have reaffirmed their commitment to open trading systems that have underpinned their economic growth.
The leaders met Thursday in Bali, Indonesia, on the sidelines of the annual meeting of the International Monetary Fund and World Bank.
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.