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IMF approves $450 mln loan tranche for Pakistan

Talks with Ukraine on a new loan package are continuing but Kiev will need to address corruption and reduce the power of oligarchs to attract much needed investment, an IMF spokesman said Thursday.

IMF Managing Director Kristalina Georgieva says global debt is at a record $188 trillion, 230% of world output.

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday.

Alberto Fernandez (right) thanked Cristina Kirchner (left) for giving him the opportunity to run for the presidency, but inists he's no puppet

There has been widespread concern that the reopening of banks in Lebanon for the first time in two weeks following mass protests would be accompanied by a devaluation of the Lebanese pound

New ECB head Christine Lagarde (right) wants Germany Chancellor Angela Merkel (left) to increase public spending to give the sluggish European economy a boost, a move supported by French President Emmanuel Macon (centre)

New ECB head Christine Lagarde (right) wants Germany Chancellor Angela Merkel (left) to increase public spending to give the sluggish European economy a boost, a move supported by French President Emmanuel Macon (centre)

Argentina's president-elect Alberto Fernandez flashes de "V" sign as he leaves the Casa Rosada presidential palace after a meeting with President Mauricio Macri

The International Monetary Fund says it looks forward to working with Argentina's new government

In Lebanon, where protesters have brought the country to a standstill with demands for a full overhaul of the political system, the economy grew at a very slow pace over the past few years

Christine Lagarde is to take over from Mario Draghi as head of the European Central Bank on November 1

Although Portugal's economy is booming, many Portuguese can only find low-paying temporary jobs.

US Treasury Secretary Steven Mnuchin (L) and US Trade Representative Robert Lighthizer (R) spoke with Chinese Vice Premier Liu He and 'made headway' in the trade talks

She joins the ECB at a moment of trench warfare over policy

Trade and the impact on global growth overshadowed the discussions of global finance officials gathered for the International Monetary Fund and World Bank annual meetings

Christine Lagarde, incoming head of the European Central Bank (ECB), called for world leaders to act like grownups and resolve their disputes

IMF Managing Director Kristalina Georgieva welcomed a deal to boost emergency lending resources

Georgieva said the possible Brexit breakthrough was 'welcome' news

International Monetary Funds Managing Director Kristalina Georgieva says the US-China trade truce was 'not good enough'

Lending by China to developing countries, including those in Sub-Saharan Africa is becoming a growing concern, the IMF warns

The IMF warns that trade tensions exacerbate financial vulnerabilities which the amplify the bad news, and called on policymakers to increase the perimeter of oversight to prevent a new crisis

International Monetary Fund Managing Director Kristalina Georgieva said she never knew she could negotiate for a higher salary

IMF growth forecasts for selected European countries

IMF growth forecasts by region and selected countries

IMF growth forecasts by region and selected countries

The US-China trade war has stunted the growth of European powerhouse Germany

Chinese-made cars waiting to be loaded on a ship for export in Lianyungang, in China's eastern Jiangsu province. The IMF has trimmed China's growth forecast for 2019 on the back of the trade war with the US and weak domestic consumer demand

An iceberg in Antarctica's McMurdo Sound photographed by A NASA