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 […]

Japan Aso says won’t fret of Trump’s comment dollar ‘too strong’

By Leika Kihara WASHINGTON, April 20 : – Japanese Finance Minister Taro Aso said he didn’t see a problem with U.S. President Donald Trump’s recent comments about the dollar “getting too strong,” as his Treasury secretary later clarified that the president was not seeking to talk the currency down. Aso also said it was a […]

US Treasury chief tells IMF he expects ‘frank and candid’ forex analysis

By David Lawder WASHINGTON, Feb 22 : US Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde that he expects the IMF to provide “frank and candid” analysis of exchange rate policies, a Treasury spokesperson said. In a phone call with Lagarde yesterday, the spokesperson said, Mnuchin also “noted the importance that […]