International Monetary Fund Stories
The Mysterious World Of Kazakhstan: European Bank For Reconstruction And Development Helps Unearth The Untapped Resources Of An Old Soviet State
Barely 20 years old, Kazakhstan has developed into a self-sustaining and model economy where green energy and development is paramount
African Entrepreneurs Seek Blessings Of Angel Investors For Start-Up Funding
Will this be Africa's breakout investment decade? The Africa Angel List is holding a networking event in Johannesburg this month.
IMF Chief Lagarde Warns Exiting Lax Monetary Policy Poses Risks
Long periods of low interest rates and loose monetary policy were a necessary risk, but they must eventually end, the IMF chief said.
World Bank Pledges $1.5 Billion To Pakistan; IMF Loan Up To $7.3 Billion Under Consideration
Pakistan is struggling to achieve economic stability amid a severe energy crisis, but the World Bank said the country has “many positives.”
Japan’s Dismal GDP Growth Fuels Worries Over Proposed Sales Tax Hike
Japan’s lower-than-expected growth rate in Q2 lands Shinzo Abe in a tough spot on the question of hiking sales tax in April 2014.
International Energy Agency Sees Weakening Oil Demand In Light Of Lower GDP Growth
The International Energy Agency said lower GDP growth in selected regions is likely to affect global oil demand.
Raghuram Rajan: India's Newly Appointed Central Bank Governor Has His Work Cut Out
Can Raghuram Rajan, who famously predicted the global financial crisis, put the Indian economy back on track?
India Taps Ex-IMF Economist As New Governor Of The Reserve Bank, Hopes For Turnaround
With the rupee performing at its lowest in years and GDP at a nine-year low, India has appointed a former IMF chief economist to its Reserve Bank.
Will Dominique Strauss-Kahn Go Work For The Government Of Serbia?
Serbia's government is hoping to see Dominique Strauss-Kahn join as an adviser as the country is trying to enter the European Union and get its economy back on track.
Strauss-Kahn To Be Tried On Pimping Charges Two Years After New York Rape Charges Were Dropped
Former French presidential aspirant Dominique Struass-Kahn will face trial on pimping charges.
Protesting Banned In Athens During Visit By German Finance Minister Wolfgang Schaeuble, Who Urged Greece To Stop Lobbying For More Debt Restructuring
Athens instituted bans on groups of protesters, as German finance chief says Greece should stop pushing for more debt write-downs.
For Better Trade, Africa Needs To Quit The Paper-Pushing: UN Report
Intra-continental trade can spur even faster development in Africa, but only if smart policies are fully implemented.
IMF Cuts US, Global Economic Growth Forecasts: Recession In Euro Zone, Slowing Down In Emerging Market Economies Are Major Concerns
IMF cut its global growth forecast citing anemic recovery in the US and EU, adding that if the Fed ended QE, it could hurt emerging markets.
Greece Reaches Tentative Deal With International Lenders
The staff-level agreement will cut more public sector jobs -- a move critical to meeting the conditions of the original bailout.
Greek Wages Are Falling Fast And Well Below Euro Zone Averages
Greek wages are falling rapidly, even while euro zone averages remain relatively stagnant.
Greece Has Just 72 Hours To Save Itself As Fresh Financial Disaster Looms
Greece has until the weekend to show the so-called Troika that it can keep cutting its public sector spending. Failure risks an aid cutoff.
IMF Director Says Green Economies That Respond To Climate Change Will Create Jobs
Christine Lagarde says that green energy innovation can spur job growth in roles that have not yet been invented.
The Prodigal President: Is Nicolas Sarkozy Of France Preparing A Comeback?
With President Hollande doing badly in the polls and no real leader for the UMP party, Sarkozy might have a chance.
IMF to Stop Payments To Greece After Shortfall Is Discovered In Eurozone Bailout Package
The IMF will stop bailout payments to Greece unless a 3 billion-euro gap can be filled.
Devalued Pound Hurts Egyptians While Morsi Government Dithers
The Egyptian currency has lost 8 percent against the dollar in 2013, and the embattled government is out of ideas on what to do.
IMF Cuts US Growth Outlook For 2014 to 2.7 Percent, Blames Sequester
The International Monetary Fund blamed the sequestration and deficit reduction for its lowered GDP outlook for the U.S.
Portugal's President Wants The IMF's Role In Troika Reconsidered
Portugal's President Aníbal Cavaco Silva says the IMF has different goals than the EU, which governs the two other branches of the Troika.
Bond Bubble Threatens Global Financial System: Bank Of England's Andy Haldane Warns
A senior BoE official warned of a major bond bubble threat while the BoE said the consequences of raising rates too quickly would be severe.
China's Local Governments Continue To Stimulate Growth With Big-Ticket Spending Despite Beijing's Intent To Reduce Dependency On Large Investment Projects
While China's central government seems comfortable with a slowing national economy, local governments are spurring local growth with spending.
Argentina Fights With Inflation As Government Acknowledges Financial Instability And Freezes Prices
After a few years of growth, Argentina is facing its worst price crisis since the 1990s. Will its strategy bring back stability?
Greece To Suspend ERT State-Run Television Network And Furlough 2,500 State Employees To Cut Costs, POESY Media Union Denounces Move
Greek officials said ERT cost Greece 300 million euros each year and had become "a typical example of incredible waste."
French Prosecutors Say There's No Evidence From Latest Investigation That Dominique Strauss-Kahn Had Sex With Prostitutes
The former IMF chief may have aggravated pimping charges against him dropped.
Pakistan May Seek IMF Help, But Energy Crisis, Tax Reform More Urgent
Pakistan may soon be headed for an IMF bailout, but solving a severe energy crisis and tax reforms must come first.
IMF Set to Admit It Underestimated Damage Its Demand For Greek Austerity Would Inflict
The IMF is expected to admit that it made mistakes in assembling an austere bailout package for Greece.
IMF Lowers 2013 French Growth Forecast; Tells Paris It Risks Falling Behind Unless It Speeds Up Reforms, Including Lowering Labor Costs
The IMF tells Socialist President François Hollande to step up reforms aimed at boosting competitiveness.