IMF, World Bank warn of renewed Gaza violence

The World Bank and International Monetary Fund warned Tuesday that insufficient funding and political efforts to rebuild Gaza would make economic recovery almost impossible and lead to further violence.

Debt restructuring in review if Argentina defaults: IMF

The mechanisms allowing a country to restructure its sovereign debt should be "reviewed" if Argentina defaults, IMF chief Christine Lagarde said Tuesday.

Greece`s next troika audit to be held in Paris: Reports

Greece`s next scheduled audit by its EU-IMF creditors will be held in Paris instead of Athens, Greek media reported on Monday.

PM Narendra Modi returns home after attending BRICS Summit

Prime Minister Narendra Modi returned home late tonight after a five-day visit to Brazil where he attended the BRICS Summit.

IMF welcomes establishment of BRICS bank

The International Monetary Fund has welcomed the move to set up a new BRICS development bank stating that it is ready to work with the Bank`s leadership.

IMF frees USD 4.6 billion in aid for Greece

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.

Mozambique mulls sovereign wealth fund

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

Afghan economy falters as NATO mission ends

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 PM rejects Russia`s demand to pre-pay for gas

Ukrainian PM Arseniy Yatsenyuk on Tuesday rejected Russia`s demand for Kiev to pay upfront for all its natural gas deliveries starting in June because of billions of dollars in debts.

Boko Haram kidnappers `despicable` : IMF`s Lagarde

International Monetary Fund chief Christine Lagarde branded Boko Haram, the Nigerian insurgents who kidnapped more than 200 schoolgirls, "despicable" on Monday.

IMF wants more aid to Jordan for refugees

The International Monetary Fund (IMF) chief has appealed to donor states to increase aid to Jordan for dealing with a large number of Syrian refugees in the country.

IMF says Russia is in recession

The International Monetary Fund said today that Russia is already in recession and slashed its growth forecast for 2014 citing the effect of the Ukraine crisis on investment.

EU to back Serbia`s difficult reforms: Catherine Ashton

The European Union will help Serbia`s new EU-hopeful government implement ambitious economic reforms, the bloc`s foreign affairs chief Catherine Ashton said Monday.

IMF advises Pakistan government to raise retirement age

 The International Monetary Fund (IMF) has advised the Pakistan government to raise the retirement age as part of a reform programme to save on rising pensions bill, a media report said Monday.

IMF to take decision on Ukraine aid on April 30

The International Monetary Fund (IMF) will take a final decision on a huge rescue plan for embattled Ukraine on April 30, a spokesman said today.

US prods world`s nations, institutions for Ukraine aid

United States on Friday urged the international community to contribute more to Ukraine`s economic rescue, stressing the "immediate" need to fund a huge IMF program for Kiev.

Obama appoints Indian-American to key administration post

US President Barack Obama has nominated Indian-American Sunil Sabharwal to a key administration post as US Alternate Executive Director at IMF.

Pak committed to normalise trade ties with India: IMF

Pakistan is committed to normalise trade ties with India in a period of three years as part of its economic reform agenda, a top IMF official said on Friday.

IMF hints at quick approval of Ukraine aid

The International Monetary Fund on Thursday said it made "significant progress" in talks with Ukraine`s new Western-backed government over the resumption of a vital support programme for the crisis-hit state.

IMF ready to start aid negotiations with Ukraine

The International Monetary Fund has said it was ready to launch aid negotiations with Ukraine.