An International Monetary Fund mission said on Saturday it had agreed to recommend a loan of $14.9 billion for Ukraine in a deal to help fill the country's budget gap and boost investor confidence.
The European Commission on Wednesday denied a report that the European Union, the IMF and the U.S. Treasury were drawing up a liquidity plan for Spain including a credit line of up to 250 billion euros ($335 billion).
Europe's debt crisis could disrupt global trade, hurting demand for Asian exports and sending hot money into the region if policymakers fail to act swiftly and appropriately, a top IMF official said on Wednesday.
(Reuters) - The Group of Eight industrialized nations plan to invest in better health for mothers and young children in poor nations to meet faltering goals for slashing world poverty by 2015, a draft text for a G8 summit said.
The IMF said Sunday it expects to record a profit of $ 5.1 billion from the sale of gold in the financial year ended April 30, 2010. In a statement, the International Monetary Fund, which sold gold to member countries including India last year, said gold sales is a part of the multilateral lending agency's new income model, mainly aimed at increasing its resources to lend to low-income countries.
With the International Monetary Fund (IMF) and European Union chipping in to rescue Greece from the financial mess by announcing schemes worth billions of dollars, the biggest beneficiary is metal market.
Greece expects to conclude talks with European Union and IMF officials on a multi-billion euro financial bailout on Saturday, a government official said, while thousands protested in Athens against planned state cutbacks.
China overtook large European nations in a shift in voting power at the World Bank on Sunday that was designed to give emerging economies greater influence in the global development institution.
Canada said on Sunday it expected a 45 billion euro ($60.49 billion) rescue package for Greece to grow in size as doubts emerged over whether the joint EU-IMF aid would be enough to avert a default.
Countries that weathered the global economic crisis with their financial systems relatively unscathed are being shortsighted by opposing a global bank levy, the IMF's chief said on Saturday.
The IMF and Argentina are talking about sending an IMF technical mission to the country to improve the quality of the government's economic data, a senior IMF official said on Saturday.
The global economy is recovering from recession more quickly than expected but rescue efforts have worsened public finances, and if not reined in, will lead to a debt explosion, the IMF said on Wednesday.
The Chilean journalist, Mónica González Mujica, a heroine of the struggle against dictatorship in her country, has been named laureate of the 2010 UNESCO/Guillermo Cano World Press Freedom Prize.
The International Monetary Fund is ready to contribute financing for Greece through a multi-year stand-by loan arrangement and will hold talks on the matter in Brussels on April 12, IMF Managing Director Dominique Strauss-Kahn said on Sunday.
IMF chief Dominique Strauss-Kahn said on Saturday that public debt in the advanced economies is set to increase significantly and reversing the rise would be a tremendous challenge.
IMF chief Dominique Strauss-Kahn said on Saturday that public debt in the advanced economies is set to increase significantly and reversing the rise would be a tremendous challenge.
Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported.
Greece's government, concerned that the IMF would impose tough conditions in exchange for aid, wants to amend a deal struck at an EU summit last month to bypass an IMF financial contribution, senior government sources in Athens told Market News International.
Ireland's extensive support for its banks has been vital to maintaining financial stability, the International Monetary Fund said on Thursday, as ratings agencies praised decisions taken by the country's bad bank this week.
Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing crucial aid for the crisis-hit nation.
Iceland's economics minister said on Sunday he was hopeful that a review by the International Monetary Fund could be completed within weeks, potentially releasing key aid for the crisis-hit nation.
The leaders of Germany and France clinched agreement on a joint European-IMF financial safety net for debt-stricken Greece just before an EU summit on Thursday, the French president's office said.
