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IMF cuts US forecast; urges wage hike and job creation

Last Updated: Monday, June 16, 2014, 20:19

The International Monetary Fund on Monday slashed its forecast for the United States and urged policymakers to keep interest rates low and raise the minimum wage to strengthen growth.

India should gradually reduce fiscal deficit: IMF official

Last Updated: Wednesday, June 11, 2014, 16:36

To bolster economic growth, India should continue to gradually bring down the fiscal deficit and usher in fuel subsidy reforms, a senior International Monetary Fund official said.

IMF frees USD 4.6 billion in aid for Greece

Last Updated: Saturday, May 31, 2014, 03:47

The International Monetary Fund released USD 4.6 billion in aid to Greece today, after a yearlong delay to ensure Athens was meeting targets set by bailout lenders.

IMF says Japan may need monetary easing for `extended period`

Last Updated: Friday, May 30, 2014, 11:15

The Bank of Japan (BoJ) may need to keep up its stimulus drive for an "extended period", the International Monetary Fund said Friday, as it warned again that Tokyo must follow through on promised economic reforms.

Mozambique mulls sovereign wealth fund

Last Updated: Friday, May 30, 2014, 06:29

Mineral-rich Mozambique is considering the establishment of a sovereign wealth fund, the country`s finance minister said Thursday.

Lagarde warns on slow pace of financial sector reform

Last Updated: Wednesday, May 28, 2014, 00:03

Lagarde, addressing a London conference themed on "inclusive capitalism", blamed a variety of factors for the lack of progress.

Pakistan's forex reserves at $13.13 billion

Last Updated: Friday, May 23, 2014, 10:43

The foreign exchange reserves of Pakistan increased by 3.7 percent to USD 13.13 billion during the week ended May 16.

Afghan economy falters as NATO mission ends

Last Updated: Wednesday, May 21, 2014, 18:54

Afghanistan`s aid-dependent economy is slowing markedly as NATO troops withdraw, the International Monetary Fund (IMF) said Wednesday, warning that violence, political instability and lack of reform threaten future growth.

Ukraine crisis could have 'severe' economic impact: IMF

Last Updated: Tuesday, May 13, 2014, 00:04

Lagarde also told the Handelsblatt business daily that a 17-billion-dollar aid package granted to Ukraine by the IMF would not be enough.

IMF says Pak economy improving but warns of inflation

Last Updated: Sunday, May 11, 2014, 00:09

Pakistan received a USD 6.7 billion IMF bailout package last year to help the country achieve economic reforms, especially in energy sector, which is facing an acute crisis.

Moody's upgrades Portugal debt rating

Last Updated: Saturday, May 10, 2014, 09:18

Moody`s raised the debt rating of Portugal one notch to Ba2 Friday and said a further upgrade was possible as the country begins to pull away from its financial crisis.

IMF approves $17 bn aid deal for `combat-alert` Ukraine

Last Updated: Thursday, May 01, 2014, 14:00

The International Monetary Fund has approved a $17 billion aid deal for the beleaguered Ukrainian economy as Kiev`s armed forces went on "full combat alert" against a possible Russian invasion.