IMF chief says growth strong but countries must prepare for change

By David Lawder JAKARTA, Feb 27 : International Monetary Fund Managing Director Christine Lagarde said on Tuesday the global economy was showing broad-based growth, but the landscape was shifting with heightened risks of trade disputes, monetary policy normalisation and technological change. Lagarde, speaking to an IMF conference in Jakarta in preparation for the Fund’s annual […]

Congo seeks relief talks with oil traders over $2 bln debt

By Julia Payne and Dmitry Zhdannikov LONDON, Feb 20 : Congo Republic is set to become the latest African country to start debt relief talks with trading houses after borrowing $2 billion from merchants such as Trafigura and Glencore but now finding its debt levels unsustainable, sources familiar with the matter said. Trading houses regularly […]

Europe needs fresh push at overhauling banking sector – IMF

By Marc Jones LONDON, Nov 14 : The International Monetary Fund urged Europe to make a fresh push at strengthening its banking sector on Tuesday, calling for weak institutions to be closed, bigger financial safety buffers and a revival of cross-border M&A. In the text of a speech to a banking conference in London, the […]

China needs to strike balance between deleveraging and support for some sectors – IMF

By Kevin Yao DALIAN, China, Jun 29 : China needs to strike a balance between deleveraging and maintaining adequate support for some sectors of the economy, a senior International Monetary Fund official said on Thursday. On the global economy, the outlook has been optimistic, Zhang Tao, deputy managing director at the IMF, told the World […]

IMF chief proposes visit to Congo amid economic slump

By Aaron Ross KINSHASA, May 11 : International Monetary Fund Managing Director Christine Lagarde has written to Democratic Republic of Congo President Joseph Kabila to propose a visit from IMF officials amid a deepening economic crisis, the finance minister said today. The rare move by the IMF’s top official to outline such a proposal directly […]

IMF says Asia facing risks from rise in protectionism

By Masayuki Kitano SINGAPORE, May 9 : The International Monetary Fund said Asia’s economic outlook faces “significant” uncertainty and downside growth risks from any sudden tightening in global financial conditions or rise in protectionist trade policies. The IMF, which in April raised its 2017 Asia-Pacific growth forecast to 5.5 percent from its previous October forecast […]