International Monetary Fund Stories
Greece slams EU and IMF officials after inspection visit
Greece slammed the EU and IMF on Saturday and told them to stop interfering in its domestic affairs after the lenders said Athens was broadly on track but must speed up reforms, sell more assets and fight vested interests.
IMF head urges bigger global role for China's yuan
International Monetary Fund chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system.
IMF head urges bigger global role for China's yuan
International Monetary Fund chief Dominique Strauss-Kahn said on Thursday the Chinese yuan should be given a greater role within a restructured international monetary system.
Boy suicide bomber kills 31 at Pakistan army centre
A 12-year-old boy in a school uniform blew himself up at a Pakistani army recruitment centre on Thursday, killing 31 cadets, officials said, in an attack that challenges government assertions that it has weakened militants.
Africa, Caribbean urged to brace for food price shocks
The World Bank and International Monetary Fund are warning poor regions that have so far not been hit by rising food prices, like sub-Saharan Africa and the Caribbean, to get ready to face them.
Strike at Pakistan Airlines paralyzes air travel, thousands stranded
A strike by employees of Pakistan’s national airline carrier has severely disrupted air travel in the country and stranded thousands of travelers around the world.
Romanian witches have to pay taxes, abide by bureaucracy
The Romanian government has proposed a new bill under which people who practice witchcraft can be fined or even imprisoned if their predictions do not come true.
Pakistan ministers resign en-masse to help trim numbers
The 60-member team of Pakistan Prime Minister Yousuf Raza Gilani has resigned en-masse on Wednesday to facilitate pruning of the cabinet which should not exceed 48 members as per the country's constitution.
IMF calls for quick reform of Japanese public finances
Japan should work on its huge public sector debt and budget deficit and Japanese banks should secure more capital, a senior International Monetary Fund (IMF) official has said.
For Bernanke, no escaping politics now
For a Federal Reserve chairman who is worried about politics interfering with monetary policy, Ben Bernanke is taking on some awfully heated political topics.
S.Africa customs shake-up to hit neighbours
The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.
IMF chief’s speech on how global imbalances, high unemployment might prompt civil wars: FULL-TEXT
Dominique Strauss-Kahn, managing director of the International Monetary Fund delivered the following speech at the Monetary Authority of Singapore on February 1, 2011.
IMF approves $509 million loan for Kenya
The International Monetary Fund on Monday approved, as expected, a $509 million credit facility to help Kenya boost its international reserves.
Joblessness, rising prices could spark war within nations: IMF chief
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Joblessness, rising prices could spark war within
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Joblessness, rising prices may fuel unrest: IMF chief
The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Global imbalances returning, could fuel unrest: IMF chief
The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism or even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.
Jobs, inflation and Egypt
Fundamentals and nasty surprises are on investors minds heading into February, with big tests in the coming week about jobs and inflation and increasing worries over Egypt and its region.
Burundi annual inflation falls to 6.5 pct in 2010
Burundi's annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country's statistics board said on Friday.
Japan vows to push fiscal reform after S&P downgrade
Japanese leaders vowed on Friday to push ahead with tax reforms needed to rein in bulging public debt, but doubts persisted over whether the government could succeed in the face of a divided parliament.
Current protests in Egypt recall Bread Riots of 1977
The ongoing anti-government protests on the streets of Cairo and other Egyptian cities represent the biggest public demonstration in the country since the famous ‘bread riots’ which occurred exactly 34 years ago.
G20 should better represent Africa: Botswana
Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.
Medvedev defends Russia in Davos keynote speech
In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.
Algeria must tackle youth unemployment: IMF
Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.
Strong demand for EFSF bond boosts euro confidence
The debut bond from Europe's financial rescue fund attracted robust demand on Tuesday, in the latest sign of confidence the bloc is getting to grips with the debt crisis that has haunted it for over a year.
IMF projects India to grow at 8.4 pct in 2011
The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.
Recovery builds but Europe, inflation pose risks: IMF
Europe needs to strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and buoyant emerging economies help propel the recovery elsewhere, the IMF said on Tuesday.
Europe still a risk as global recovery builds: IMF
Europe should strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and emerging economies help propel recovery elsewhere, the IMF said on Tuesday.
U.S. tax cuts give world growth a boost: IMF
A package of U.S. tax cuts should give a lift to a global economic recovery that had already begun to gain speed late last year, the IMF said on Tuesday as it revised its world growth forecast higher.
Nations meet, children's lives in the balance
Millions of children worldwide die every year from preventable diseases and the bad situation is only going to worsen due to an increasing shortage of healthcare workers.