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Interest rates rises could thwart G20 growth goal

Last Updated: Thursday, July 31, 2014, 11:55

The G20`s pledge to boost growth could be wiped out by rising interest rates and weakening emerging economies, an IMF report said, as chief Christine Lagarde warned Thursday of "slow" progress in reaching the goal.

China should set lower 2015 GDP growth target of 6.5-7%: IMF

Last Updated: Thursday, July 31, 2014, 10:29

The IMF cut its 2014 and 2015 economic growth forecasts for China last week.

Debt restructuring in review if Argentina defaults: IMF

Last Updated: Wednesday, July 30, 2014, 08:57

Argentina faces a Wednesday midnight deadline to pay certain hedge funds demanding full payment on defaulted bonds or risk being declared in default.

Debt restructuring in review if Argentina defaults: IMF

Last Updated: Wednesday, July 30, 2014, 01:34

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

Ukraine may need more aid: IMF chief Lagarde

Last Updated: Wednesday, July 30, 2014, 00:02

The first installment of the aid, worth $3.19 billion, was disbursed in early May.

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

Last Updated: Tuesday, July 29, 2014, 14:44

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

India avoids growth downgrade by IMF

Last Updated: Friday, July 25, 2014, 20:38

India is the only country in the BRICS grouping that has avoided a growth downgrade by IMF as it retained the country's economic expansion forecast at 5.4 percent for the current fiscal.

Forex reserves up for 7th straight week, kitty at $317.85 billion

Last Updated: Friday, July 25, 2014, 18:15

All-time high for the reserves was USD 321 billion in late 2011.

British economy grows to above pre-crisis level

Last Updated: Friday, July 25, 2014, 15:33

Britain is predicted by the IMF to be the fastest growing major world economy this year.

IMF cuts global growth outlook; India avoids ratings downgrade

Last Updated: Friday, July 25, 2014, 10:27

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade.

IMF cuts US economic growth forecast to 1.7% in 2014

Last Updated: Wednesday, July 23, 2014, 21:51

The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

BRICS shake up global economic architecture

Last Updated: Sunday, July 20, 2014, 09:18

For the past 70 years, the International Monetary Fund and the World Bank have been the pillars of the world`s economic system.