Europe not using good economic growth to reform, IMF says

By Jan Strupczewski BRUSSELS, May 15 : European economic growth is strong, mainly thanks to domestic demand, but governments are not taking sufficient advantage of the good times to reduce their debt and implement reforms, the International Monetary Fund said in a forecast on Tuesday. The IMF forecast that growth in advanced European economies, mainly […]

Argentina seeks IMF stand-by credit to last through Macri’s term

By Luc Cohen and Maximiliano Rizzi BUENOS AIRES, May 10 : Argentina will request a “high access stand-by” financing arrangement from the International Monetary Fund (IMF) to calm volatile financial markets, in a move that could finance the country through next year, officials said on Wednesday. Treasury Minister Nicolas Dujovne met with IMF Western Hemisphere […]

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 […]