International Monetary Fund

UNITED NATIONS | The Latest: UN official warns of protracted Venezuela crisis

UNITED NATIONS —Jan 26, 2019— The Latest on the political crisis in Venezuela (all times local): 1:20 p.m. The U.N.’s political chief says there are differing views on what the future should hold for Venezuela but the goal is “a political solution that will allow the country’s citizens to enjoy peace, prosperity and all their … Continue reading UNITED NATIONS | The Latest: UN official warns of protracted Venezuela crisis

DAVOS, Switzerland | Global leaders call for action on climate change

DAVOS, Switzerland—Jan 25, 2019— World Bank chief Kristalina Georgieva urged the global elites to take a simple step to understand the urgency of combating climate change: “Get the picture of your children, your grandchildren in front of you.” Speaking on the last day of the World Economic Forum in Davos, Switzerland, Georgieva warned that the … Continue reading DAVOS, Switzerland | Global leaders call for action on climate change

DAVOS, Switzerland | World economy forecast to slow in 2019 amid trade tensions

DAVOS, Switzerland —Jan 21, 2019—The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects global growth this year of 3.5 percent, down from 3.7 percent in 2018 and from the 3.7 percent it had forecast … Continue reading DAVOS, Switzerland | World economy forecast to slow in 2019 amid trade tensions

TUNIS, Tunisia | Tunisia hit by general strike, amid economic tensions

TUNIS, Tunisia—Jan 17, 2019—Workers around Tunisia are on strike to demand higher pay in a standoff with a government struggling to reduce unemployment, poverty and social tensions. Marathon last-minute negotiations between the government and union umbrella group UGTT failed to avert Thursday’s strike by public sector workers. The stoppage is expected to affect airports, ports, … Continue reading TUNIS, Tunisia | Tunisia hit by general strike, amid economic tensions

MILAN | IMF warns Italy’s spending plan makes country vulnerable

MILAN— The International Monetary Fund has warned the Italian government that its plan to sharply increase spending carries “substantial” risks and would leave the country vulnerable to market turmoil. Hours before the Italian populist government faced a deadline to submit a revised budget draft to the EU, the IMF said in a report that “Italy … Continue reading MILAN | IMF warns Italy’s spending plan makes country vulnerable

Canada News: Minister Morneau Concludes Successful G20, IMF, World Bank Meetings

CANADA – With a strong and growing economy, and a strong and growing middle class, Canada continues to work at home and abroad to ensure that the benefits of economic growth are shared by everyone. Finance Minister Bill Morneau participated in this week’s annual meetings of the G20, International Monetary Fund (IMF) and World Bank … Continue reading Canada News: Minister Morneau Concludes Successful G20, IMF, World Bank Meetings

NUSA DUA, Indonesia | The Latest: IMF’s Lagarde planning to attend Saudi meeting

NUSA DUA, Indonesia — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in Saudi Arabia later this month despite concerns over … Continue reading NUSA DUA, Indonesia | The Latest: IMF’s Lagarde planning to attend Saudi meeting

BUENOS AIRES, Argentina | Argentina: Only seeking financing from IMF to stem crisis

BUENOS AIRES, Argentina— Argentina is not seeking other sources of financing outside the International Monetary Fund for help in curbing an economic crisis, the country’s economy minister said Wednesday. Argentina has asked the IMF for early disbursements in emergency funding from a $50 billion loan approved earlier this year. The country has been hit by … Continue reading BUENOS AIRES, Argentina | Argentina: Only seeking financing from IMF to stem crisis

BUENOS AIRES, Argentina | EU says trade differences remain despite G-20 talks

BUENOS AIRES, Argentina — Differences remain over trade and the tensions could escalate further despite talks by the world’s top financial officials taking place in Argentina’s capital amid fears that a wave of tariffs could damper global economic growth, a European official said Sunday. The meeting of G-20 finance ministers and central bankers in Buenos … Continue reading BUENOS AIRES, Argentina | EU says trade differences remain despite G-20 talks

WASHINGTON | IMF agrees to $50 billion deal to help Argentina’s economy

WASHINGTON (AP) — Argentina and the International Monetary Fund have agreed on a $50 billion stand-by deal aimed at strengthening the South American country’s economy. The IMF announced Thursday that the staff-level agreement will be subject to approval by its executive board, which will consider Argentina’s economic plan in the coming days. President Mauricio Macri … Continue reading WASHINGTON | IMF agrees to $50 billion deal to help Argentina’s economy

ROME  | Eyes on Italy’s president after he vetoes populists’ choice

ROME  —All eyes were on Italian President Sergio Mattarella on Monday after he vetoed the proposed euroskeptic economy minister of what would have been Western Europe’s first populist government, ushering in the likelihood of a new election within months. News reports said Mattarella would convene the former International Monetary Fund official, Carlo Cottarelli, to the … Continue reading ROME  | Eyes on Italy’s president after he vetoes populists’ choice

SACRAMENTO, Calif. | California now world’s 5th largest economy, surpassing UK

SACRAMENTO, Calif. (AP) — California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK’s economic output slightly shrunk over that time … Continue reading SACRAMENTO, Calif. | California now world’s 5th largest economy, surpassing UK

WASHINGTON | IMF: A major trade rift could imperil solid global economy

WASHINGTON | April 17, 2018 (AP)(STL.News)  The International Monetary Fund warned Tuesday that rising trade tensions between the United States and China risk undermining a global economy that the IMF believes should otherwise grow solidly this year. The lending agency has kept its forecast for worldwide growth this year at 3.9 percent, which would be … Continue reading WASHINGTON | IMF: A major trade rift could imperil solid global economy

IMF head: Trump good for US economy for now as trouble looms

DUBAI, United Arab Emirates/February 12, 2017 (AP)(STL.News) — The head of the International Monetary Fund said Sunday that U.S. President Donald Trump taking office is likely good for the American economy in the short term, though rising interest rates and a strengthening dollar will challenge global trade. Christine Lagarde said Trump’s plans for additional investment … Continue reading IMF head: Trump good for US economy for now as trouble looms