International Monetary Fund - the best personalized free web-based Email en en International Monetary Fund IMF reaches staff-level agreement on second payment to Egypt CAIRO (AP) — The International Monetary Fund has reached a staff-level agreement on a second payment that would make $1.25 billion available to Egypt and bring its total disbursements to about $4 billion. In a statement Friday, the IMF has said the agreement is "a vote of confidence" by its staff in support of Egypt's economic reform program. It is still ... Fri, 12 May 2017 19:45:00 GMT 2017-05-12T19:45:00Z Egypt expects second installment of IMF loan in June CAIRO (AP) — Egypt expects to receive a second installment, worth $1.2 billion, of a three-year International Monetary Fund loan in the second half of June. Finance Minister Amr el-Garhy announced at a press conference Sunday that negotiations with the IMF delegation, which is visiting Egypt, are going "very well." The delegation arrive... Sun, 07 May 2017 18:47:00 GMT 2017-05-07T18:47:00Z IMF says more reforms still needed by Mideast oil exporters DUBAI, United Arab Emirates (AP) — The International Monetary Fund said on Tuesday oil exporting countries in the Middle East continue to have the world's largest energy subsidy bill and that additional reforms are still needed to curb government spending. In its updated regional outlook report, the IMF said money spent each year on subsidies from these o... Tue, 02 May 2017 09:38:00 GMT 2017-05-02T09:38:00Z Greece beats a key bailout target but faces hard choices ATHENS, Greece (AP) — Greece has beaten a key bailout target for its public finances, but will still face some painful choices as it tries to negotiate with creditors how much more budget austerity it should impose on its people in coming years. Greece's independent statistics agency said Friday that the country has posted a high primary budget surplus — ... Fri, 21 Apr 2017 10:55:00 GMT 2017-04-21T10:55:00Z 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 "crit... Thu, 20 Apr 2017 21:56:00 GMT 2017-04-20T21:56:00Z IMF foresees global economy accelerating to 3.5 pct. in '17 WASHINGTON (AP) — A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. That's the picture sketched Tuesday by the International Monetary Fund, which predicts that the world economy will grow 3.5 percent t... Tue, 18 Apr 2017 16:07:00 GMT 2017-04-18T16:07:00Z Letter bomb explodes at Paris IMF's office; Greek ties seen PARIS (AP) — French prosecutors are investigating a possible Greek link after a letter exploded Thursday at the Paris' office of the International Monetary Fund, lightly injuring one person. The IMF incident came as a Greek anarchist group claimed responsibility for a letter bomb sent to the German Finance Ministry the day before. The P... Thu, 16 Mar 2017 21:57:00 GMT 2017-03-16T21:57:00Z Greece: IMF says key difference remain in bailout talks ATHENS, Greece (AP) — Greece's government wound up more talks with its creditors Thursday without a breakthrough that would unfreeze bailout payments, and the International Monetary Fund warned that "much work" remained before differences could be resolved. The current negotiations initially were scheduled to end last year, and the delay has raised doubts... Thu, 09 Mar 2017 20:21:00 GMT 2017-03-09T20:21:00Z Greece seeks France's help on bailout, eyes 2017 bond 'test' ATHENS, Greece (AP) — Greece is seeking help from France, its close ally in the 19-country eurozone, as it seeks to overcome stubborn sticking points in its bailout talks and return to international bond markets later this year. France's Prime Minister Bernard Cazeneuve and Finance Minister Michel Sapin were in Athens Friday for talks, as negotiations wit... Fri, 03 Mar 2017 13:10:00 GMT 2017-03-03T13:10:00Z IMF says Iran rebounds after nuclear deal, but danger looms DUBAI, United Arab Emirates (AP) — Iran's economy rebounded out of a recession after the nuclear deal with world powers, the International Monetary Fund said on Tuesday, though uncertainty over future sanctions and problems plaguing the country's domestic banks could cause fiscal trouble ahead. Iran's real gross domestic product grew by 7.4 percent, buoye... Tue, 28 Feb 2017 10:47:00 GMT 2017-02-28T10:47:00Z Court sends ex-IMF chief to prison in credit card scandal MADRID (AP) — Spain's National Court has sentenced Rodrigo Rato, a former head of the International Monetary Fund, to 4 ½ years in prison for misusing a Spanish bank's corporate credit card. The court convicted Rato of unlawful misappropriation of funds during his 2010-12 leadership of Bankia, a bank that later had to be bailed out. It found that the credit cards were used f... Thu, 23 Feb 2017 14:48:00 GMT 2017-02-23T14:48:00Z Portugal repays half of IMF loan, calls it sign of health LISBON, Portugal (AP) — Portugal's government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again. The Finance Ministry said Monday it last week returned to the IMF 1.7 billion euros ($1.8 bil... Mon, 20 Feb 2017 17:07:00 GMT 2017-02-20T17:07:00Z IMF agrees terms for $5 billion loan to debt-ridden Mongolia ULAANBAATAR, Mongolia (AP) — The Mongolian government and envoys from the International Monetary Fund said Sunday that they and other partners have agreed on terms for a more than $5 billion loan package to the north Asian country to help get its economy back on track. The deal is subject to approval by the IMF's executive board, which is expected to cons... Sun, 19 Feb 2017 12:24:00 GMT 2017-02-19T12:24:00Z EU forecasts British economic slowdown during Brexit talks BRUSSELS (AP) — The European Union expects Britain's economy to slow down as the country negotiates its exit over the next couple of years, but forecasts an improvement for the bloc as a whole despite a range of uncertainties. In its Winter Economic Forecast released Monday, the 28-nation EU said it predicts British economic growth will slump to 1.5 perce... Mon, 13 Feb 2017 16:58:00 GMT 2017-02-13T16:58:00Z 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. infr... Sun, 12 Feb 2017 10:30:00 GMT 2017-02-12T10:30:00Z Egypt making progress with economic reform plan, IMF says CAIRO (AP) — The International Monetary Fund said Wednesday that Egypt is making progress with its economic reform program, although it will still take time to improve living standards in a poor country beset with rocketing inflation. While the currency depreciated more than expected when it was floated as part of the reform package enacted late last year... Wed, 18 Jan 2017 16:36:00 GMT 2017-01-18T16:36:00Z Greece and IMF squabble over austerity and forecasting ATHENS, Greece (AP) — The Greek government and the International Monetary Fund squabbled Tuesday over further reforms the debt-hobbled country is being asked to make as part of its bailout. The left-led government said it refuses to legislate any further cutbacks after the bailout ends in mid-2018, and is accusing the IMF of citing "false" data in calling for sweeping pensio... Tue, 13 Dec 2016 16:18:00 GMT 2016-12-13T16:18:00Z 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... Mon, 12 Dec 2016 18:52:00 GMT 2016-12-12T18:52:00Z