The United States on Thursday threw its support behind World Bank chief Jim Yong Kim for a second term at the helm of the multilateral development lender.
The IMF on Saturday released the first tranche of a $1.5bn bailout for Sri Lanka, which is reeling after a government spending spree and facing a balance of payments crisis.
Crisis-hit Iraq reached a deal with the International Monetary Fund Thursday for a $5.4 billion loan that could give donors enough confidence to unlock further financing, a statement said.
The International Monetary Fund backed Saudi Arabia’s sweeping economic reform plan and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.
GCC countries require “saving measures” over the medium term to restore fiscal sustainability, rebuild buffers and save sufficiently for future generations, the International Monetary Fund said.
The International Monetary Fund on Tuesday cut its growth forecast for Japan, saying the economy would shrink next year as a sales tax rise dents consumer spending and warning of a return to deflation.
The International Monetary Fund (IMF) said yesterday it was on track to agree a bail-out loan for Sri Lanka...
Global economic recovery is still ‘too slow’ and ‘too fragile’ in the face of growing risks from a slowdown in China and subdued growth in developing economies ...
Asia is ‘the world's most dynamic region’ but structural reforms are key given its increasing importance to the global economy, International Monetary Fund chief Christine Lagarde said in New Delhi on Saturday.
Uncertainty over Britain's future in the European Union risks negatively affecting the country's growth outlook, the IMF said on Wednesday.
The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period".
Sri Lanka has made a formal request for an IMF bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.
