Greece
Greece’s efforts to tackle its public deficit have had a “strong start”, the International Monetary Fund (IMF) and European Union (EU) have said.
The comments came after a delegation of staff from the IMF, EU and European Central Bank visited the… more...
The International Monetary Fund (IMF) has agreed to cancel Haiti’s $268m (£176m) debt and lend the impoverished Caribbean nation a further $60m.
The IMF said both decisions formed part of a strategy to support Haiti’s reconstruction plans in the wake of the devastating earthquake six months ago.
The disaster left some 230,000 people dead and more than a million homeless.
The international community pledged $9.9bn (£6.5bn) for… more...
Hungary
The Hungarian forint has fallen against the euro after the International Monetary Fund (IMF) said the country had to do more to cut its deficit.
The currency fell by 9 forints… more...
Asia is driving global economic growth, the IMF says
The International Monetary Fund (IMF) has raised its forecast for global growth this year, from 4.2% to 4.6%.
It said the world economy grew strongly in the first part of this year, mainly thanks to robust growth in Asia.
However, the UK was almost unique… more...
The International Monetary Fund (IMF) has raised its forecast for global growth this year, from 4.2% to 4.6%.
It said the world economy grew strongly in the first part of this year, mainly thanks to robust growth in Asia.
However, the UK was almost unique in having its 2010 growth forecast revised slightly down, while its 2011 forecast was cut by the IMF from 2.5% to 2.1%… more...
The eurozone has set up a rescue package worth 750bn euros
The International Monetary Fund (IMF) has told the eurozone bloc to speed up budget cuts or risk eroding the confidence of financial markets.
In a hard-hitting report, the IMF said the current… more...
The International Monetary Fund (IMF) has warned developed nations they face an “urgent” need to cut their budget deficits.
Its warning comes as a slew of European countries face public unrest over their attempts to do just that.
In its latest Fiscal Monitor report, it said failure to do so would harm the nations’ economic recovery.
The IMF said current policies could end in average debt… more...
The London G20 summit agreed banks must pay for bail-outs
Banks and other financial institutions face paying two new taxes to fund future bail-outs, the BBC has learned.
Business editor Robert Peston said the global proposals by the International Monetary Fund (IMF) were “more radical” than most… more...
The IMF said financial markets remained
The International Monetary Fund (IMF) has cut its estimate of the total cost of the global financial crisis to $2.3 trillion (£1.5 trillion).
The new estimate represents an 18% cut on the IMF’s previous calculation of $2.8 trillion.
In a separate report… more...
CAMBRIDGE, England (Reuters) – 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.
Strauss-Kahn, managing director of the International Monetary Fund, also said that global economic recovery is still sluggish and uneven and needs continued… more...