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Imf News

Germany expects continued IMF aid for Greece

Berlin - Germany said Sunday that it expects the International Monetary Fund to continue participating in the bailout for debt-stricken Greece, despite the lender's doubts on the issue.

Tsipras warns IMF, Germany to stop 'playing with fire' over Greek debt

Atenas - Greek Prime Minister Alexis Tsipras on Saturday warned the International Monetary Fund and German Finance Minister Wolfgang Schaeuble to "stop playing with fire" in the handling of his country's debt.

Ex-IMF chief Rato, already in dock, accused of 'tax fraud'

Madrid - Former IMF chief Rodrigo Rato stands accused of tax fraud carried out in his native Spain over more than a decade, according to a report Wednesday detailing charges that come atop another ongoing trial for embezzlement.

No reason for alarm over Greek debt: ESM

Brussels - There's no need for alarm over Greece's debt levels, a spokesman for the EU's rescue fund body told AFP Saturday, the day after a leaked IMF report described the problem as "explosive".

Greek vote on tax help for migrant islands pushed to Wednesday

Atenas - A Greek parliament vote on a special tax allowance for Aegean islands struggling to accommodate thousands of migrants has been pushed to Wednesday, the chamber said.

Christine Lagarde: Trailblazing woman at the IMF

Paris - Christine Lagarde is a high-flying former lawyer who rose to become the first woman to lead the International Monetary Fund but who may find her stellar career blemished by a conviction for negligence.

IMF chief Lagarde found guilty over French tycoon payment

Paris - A French court on Monday found IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but spared her a fine or prison sentence.

Emotional Lagarde tells trial she acted in France's interests

Paris - An emotional Christine Lagarde told her trial for negligence Friday she acted in good faith in approving a massive state payout to a tycoon when she was French finance minister.

Prosecution says against convicting IMF's Lagarde at trial

Paris - The prosecutor acting in IMF boss Christine Lagarde's trial in Paris said Thursday he was against convicting her, judging the evidence to support the charge of negligence as too weak.

IMF positive on Spanish growth, down on jobs

Madrid - The International Monetary Fund (IMF) revised up its prediction for Spanish growth on Tuesday but warned "structural weaknesses persist," particularly in the form of sky-high unemployment.

Lagarde grilled over 'colossal' payout in French trial

Paris - IMF boss Christine Lagarde faced a grilling Tuesday, the second day of her trial, over the "colossal" damages payout authorised for a tycoon while she was French finance minister.

Greece doesn't need more austerity, cuts went too far: IMF

Washington - Greece does not need more austerity at this time, and in fact spending cuts have gone too far already, two senior International Monetary Fund officials said Monday.

IMF chief Lagarde denies negligence in France trial

Paris - IMF chief Christine Lagarde denied wrongdoing in her handling of a massive French state payout to a tycoon as she went on trial Monday in a case that risks tarnishing her stellar career.

IMF chief Lagarde on trial in France over tycoon case

Paris - IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career.

Greece to approve new cuts for 2017 in parliament vote

Atenas - Greek lawmakers were to approve Saturday a new round of pay cuts and tax hikes for 2017 demanded by international creditors, with Athens hoping for an ECB stimulus next year.

Eurozone agrees debt relief for Greece amid IMF row

Brussels - Eurozone finance ministers on Monday approved new debt relief measures to alleviate Greece's colossal debt mountain in the wake of its huge 86-billion-euro bailout, but at levels far short of those demanded by the IMF.

EU, IMF 'going in circles' on Greek debt relief

Brussels - Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece.

IMF team leaves Ukraine without new loan promise

Kiev - The International Monetary Fund said Friday its team had ended a visit to Kiev without seeing sufficient economic restructuring progress to release a new loan to Ukraine this year.

IMF urges Argentina to continue reforms, protect poor

Washington - The IMF on Thursday urged Argentina to stay the course on tough economic reforms, but also to take steps to protect the poor from the negative consequences.

Portugal backtracks on early IMF loan repayment

Lisbon - Portugal's Socialist government said Saturday it will not make early payments of 6.6 billion euros in IMF loans this year in order to maintain financial reserves.

IMF arrives in Ukraine with tough demand for new loan

Kiev - An International Monetary Fund team arrives in Kiev on Thursday to check on cash-strapped Ukraine's books and set out a series of tough conditions for the disbursement of further loans.The IMF approved a $17.5-billion (15.

Protectionism's rise a balancing act for World Bank, IMF

Washington - Protectionism's rise in Europe and the United States is pushing the world's economic leaders toward a delicate balancing act: defending globalization but acknowledging the pain that sometimes comes with it.

IMF predicts global growth still to be subdued this year

The IMF predicted global growth to be sluggish at 3.1 percent in 2016 improving slightly to 3.4 percent next year. This is the same level of growth predicted in the last IMF report in July.

All 'legal', ex-IMF head Rato says in embezzlement trial

San Fernando De Henares - Former IMF chief Rodrigo Rato said Tuesday that using the funds of banks he headed up for personal use was "completely legal," as he took the stand in a trial for embezzlement.

Greek lawmakers pass fresh reforms sought by creditors

Atenas - The Greek parliament on Tuesday adopted fresh austerity measures sought by its international creditors, including expediting privatisation of utility companies.

Ex-IMF boss Rato on trial over bankers' luxury sprees

San Fernando De Henares - Former IMF chief Rodrigo Rato went on trial Monday accused of overseeing a "corrupt system" that helped him and other executives misuse funds when he was the boss of two of Spain's top banks.

Greece says adopting new credit measures for EU, IMF

Atenas - Cash-strapped Greece will adopt before month's end a new package of measures designed to mollify EU and IMF creditors, Athens' finance ministry said Friday.

Years of war, refugee flight has wrecked Middle East economies: IMF

Washington - Middle East economies have plunged into decline in the years of war since the Arab Spring, creating daunting economic and development challenges, according to an IMF report released Friday.

IMF approves $1 billion in Ukraine aid after long delay

Washington - The International Monetary Fund on Wednesday resumed its bailout of war-torn Ukraine, approving disbursement of $1 billion from an aid package that had been held up in part on corruption concerns.

IMF boss Lagarde to go on trial in France on December 12

Paris - IMF chief Christine Lagarde will go on trial in France on December 12 over a massive state payout to tycoon Bernard Tapie when she was finance minister, the court hearing the case said Monday.
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Former International Monetary Fund Managing Director  Dominique Strauss-Kahn  at a press conference
Former International Monetary Fund Managing Director, Dominique Strauss-Kahn, at a press conference
International Monetary Fund
Former IMF Managing Director Dominique Strauss-Kahn
Former IMF Managing Director Dominique Strauss-Kahn
International Monetary Fund
CRISIS: Message posted on ATMs in Greece last month at height of country s dispute with European Uni...
CRISIS: Message posted on ATMs in Greece last month at height of country's dispute with European Union lenders. Banks were closed for more than three weeks but reopened Monday with limits on withdrawals.
SucreRouge/Wikimedia Commons
OFFICIAL: European Commission President Jean-Claude Juncker attends a European People s Party conven...
OFFICIAL: European Commission President Jean-Claude Juncker attends a European People's Party convention in Vilnius, Lithuania, in 2013.
European People's Party
IMF Headquarters Washington DC
IMF Headquarters Washington DC
wikimedia
The former IMF chief  Dominique Strauss Kahn
The former IMF chief, Dominique Strauss Kahn
bixintx
The global community actively discusses a financial aid to Ukraine. The issue of financial aid to Uk...
The global community actively discusses a financial aid to Ukraine. The issue of financial aid to Ukraine was one of the topical at the G-20 summit in Sydney. Ukrainian issue stirred up all international politicians. Such a potential grantors of Ukraine as the EU, the USA and the IMF expressed willingness to help Ukraine. The EU proposes to organize a conference of grantors for financial aid to Ukraine and to coordinate measures in order to lend economic aid to Ukraine from the USA, Japan, China
The global community is ready to grant a financial aid to Ukraine
IMF Managing Director Christine Lagarde (C) visits the Artisan Market with Peruvian Minister of Econ...
IMF Managing Director Christine Lagarde (C) visits the Artisan Market with Peruvian Minister of Economy Alonso Arturo Segura Vasi (R) and Deputy Minister of Trade and Tourism Maria del Carmen de Reparas (L) in Pisac, Peru on October 4, 2015
Stephen Jaffe, IMF/AFP
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
ROAR Mag
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
Students interrupt a talk by Christine Lagarde of the IMF at the University of Amsterdam
YouTube
Christine Lagarde
Christine Lagarde.
MEDEF
Untitled
Mandel Ngan, AFP/File
Aid was promised  but where is the money?

At the end of February of this year the EU leaders in rep...
Aid was promised, but where is the money? At the end of February of this year the EU leaders in reply to changing of State power in Ukraine promised to give financial help, aimed at financial system stabilization and different investment projects realization directed on development of the country economy. Then Elmar Brok, chairman of the EP Committee on Foreign Affairs announced a sum in 20 billion Euros, which will be received by Ukraine for the reform implementation as soon as a new governme
Former International Monetary Fund Managing Director Dominique Strauss-Kahn.
Former International Monetary Fund Managing Director Dominique Strauss-Kahn.
IMF