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IMF delegation arrives in Egypt for bailout package talks

IMF delegation arrives in Egypt for bailout package talks

A delegation from the International Monetary Fund arrived in Egypt on Saturday, responding to a request for a multibillion dollar bailout for the country’s flagging economy.

IMF says Egypt seeking financial support

Egypt has asked the International Monetary Fund for financial support as it struggles to strengthen its economy, the IMF said.

IMF flags decelerating pace of reforms in India; lists six areas for further reforms

IMF flags decelerating pace of reforms in India; lists six areas for further reforms

Listing out as many as six core areas that need further reforms in India, IMF has warned that headwinds from weaknesses in the country's corporate and bank balance sheets, decelerating pace of reforms and sluggish exports may weigh on its economic growth.

IMF expresses confidence in Christine Lagarde as French court orders trial

IMF expresses confidence in Christine Lagarde as French court orders trial

The International Monetary Fund expressed firm backing for Managing Director Christine Lagarde Friday after a French court ordered her to stand trial over a state payout to a businessman in 2008.

Christine Lagarde says global growth forecast revised downward on Brexit

She made the comments at a briefing after meeting China`s Premier Li Keqiang and the head of the World Bank and other senior global economic officials.

Papua New Guinea leader survives no-confidence vote

Papua New Guinea`s Prime Minister Peter O`Neill survived a no-confidence vote in parliament Friday over corruption allegations following weeks of protests and civil disobedience urging him to resign.

Brexit to drag on global growth through 2017: IMF

Brexit to drag on global growth through 2017: IMF

The uncertainty created by Britain`s vote to leave the European Union will slow the global economy into next year, the International Monetary Fund predicted Tuesday.

No world recession from Brexit but risks high:  Christine Lagarde

No world recession from Brexit but risks high: Christine Lagarde

International Monetary Fund chief Christine Lagarde said that Britain`s shock vote to quit the European Union has injected significant uncertainty into the global economy but is unlikely to cause a world recession. 

IMF`s Lagarde should face trial in Tapie case: French prosecutor

IMF`s Lagarde should face trial in Tapie case: French prosecutor

A French prosecutor on Friday said IMF chief Christine Lagarde should stand trial for her handling of a massive state payout to tycoon Bernard Tapie in 2008 when she was France`s finance minister.

Brexit: IMF warns of repercussions for global economy

Brexit: IMF warns of repercussions for global economy

Britain's decision to leave the European Union has created "significant uncertainty" that will have repercussions not only for the UK and Europe, but also for the global economy, the International Monetary Fund has warned.

Brexit will put pressure on global growth: IMF deputy MD

Brexit will put pressure on global growth: IMF deputy MD

Brexit creates huge political uncertainty and will put pressure on global growth, IMF Deputy Managing Director Zhu Min said.

IMF keeps watch on Brexit, stands ready to offer support

IMF keeps watch on Brexit, stands ready to offer support

The managing director of the International Monetary Fund (IMF), Christine Lagarde, said on Friday that following the vote in favour of Britain`s exit, or "Brexit", from the European Union, her organisation will keep watch on the outcome and is "ready to support" member countries in any financial difficulties they might come up against.

IMF warns the US over high poverty, inequality

IMF warns the US over high poverty, inequality

The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential.

Forex reserves down by $231 million to $363.23 billion

Forex reserves down by $231 million to $363.23 billion

After touching a record high last week, the country's foreign exchange reserves declined by USD 231 million to USD 363.233 billion in the week ended June 10, Reserve Bank said on Friday.

China economic outlook "uncertain" as vulnerabilities loom: IMF

China economic outlook "uncertain" as vulnerabilities loom: IMF

China`s economic outlook is uncertain with corporate debt and an opaque financial sector contributing to looming vulnerabilities, an International Monetary Fund Official said Tuesday.

Algeria's Bouteflika replaces energy, finance ministers

Algeria's President Abdelaziz Bouteflika replaced the energy and finance ministers today in a surprise reshuffle a year after they were appointed.

Princeton economist backs Raghuram Rajan's second term at RBI

Princeton economist backs Raghuram Rajan's second term at RBI

New Delhi: Backing a second term for RBI Governor Raghuram Rajan, leading Indian-American economist at Princeton University Avinash Dixit said the apex bank chief should have "full operational independence" when it comes to pursuing targets on employment, growth and inflation.

IMF said Greece needs 'unconditional' debt relief from EU creditors

A new IMF report on Greece`s financial situation said the country needs unconditional debt relief from European Union creditors over the long term to rebuild its financial strength.

Saudi reforms on right track but more needed: IMF

Saudi reforms on right track but more needed: IMF

Riyadh: The International Monetary Fund on Thursday welcomed accelerated economic reforms by Saudi Arabia to reduce its reliance on oil but said more measures are needed to cover a fiscal deficit.