International Monetary Fund

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