'Disappointed' IMF urges U.S. to ratify promised quota reforms
The International Monetary Fund pressures the United States to quickly ratify its 2010 quota and governance reforms as emerging economies stew over a delay in power-sharing.
A group of 24 emerging economies on Thursday welcomed plans to establish the China-led Asian Infrastructure Investment Bank. In a statement they said they "look forward" to the creation of the AIIB. The statement followed a meeting on the sidelines of the biannual IMF-World Bank ...
Greece's worst option would be IMF default
The uncertainty over this week's payment to the IMF is just the latest episode of a multiyear tragedy for Greece and its creditors as they try to navigate a situation that has been managed too timidly for too long.
How Europe and U.S. stumbled into spat over China-led bank
Sometimes geopolitical shifts happen by accident rather than design. Historians may record March 2015 as the moment when China's checkbook diplomacy came of age, giving the world's No. 2 economy a greater role in shaping global economic governance at the expense of the United States ...
In development bank battle, surge to China rattles Japan, U.S.
Tokyo is expressing doubts over the credibility of China’s planned development bank, as European nations seek to join the new institution.
IMF cuts global projections, citing Japan and eurozone economies
The International Monetary Fund has cut its projections for global growth from earlier forecasts in October, citing factors such as weak investment. It also revised downward expectations for major economies such as the eurozone and Japan. The semiannual World Economic Outlook by the Washington-based lender ...
International Monetary Fund Managing Director Christine Lagarde warned Thursday of an economic slowdown in Japan and the eurozone and increased geopolitical risks to the global economy linked to the recent terrorism incidents in Paris. "Despite the boost from (cheaper) oil prices and despite stronger U.S. ...
IMF to provide new funds to help nations hit hardest by Ebola
The International Monetary Fund is preparing around $150 million in additional support to Liberia, Sierra Leone and Guinea, the countries at the heart of the Ebola epidemic, the IMF's representative in Liberia said Thursday. The money could be made available in the first quarter of ...
Ukraine prime minister warns of war after winning confirmation vote
Arseniy Yatsenyuk received lawmakers' approval to remain Ukraine's prime minister, clearing an obstacle for aid talks with the International Monetary Fund as the country grapples with a separatist insurgency in the east. Yatsenyuk, 40, was backed by 341 lawmakers in the 450-seat legislature Thursday, the ...
The United States on Tuesday proposed that the International Monetary Fund write off some $100 million in debt it is owed by Guinea, Liberia and Sierra Leone to free up more resources for those countries, the hardest hit by the Ebola outbreak. The debt relief ...
The International Monetary Fund on Tuesday slashed its projection for Japan's economic growth by the most of any developed country, while also cutting its growth estimate for the global economy in view of mounting geopolitical tensions. In its semiannual World Economic Outlook report, the IMF ...
West African powerhouse Cote d'Ivoire battles to keep out Ebola
The billboard depicts a masked health worker in a biohazard suit looming over a bed-ridden patient. Above them, bright red letters warn commuters on a busy Abidjan street that "The Ebola risk is always there". As Cote d'Ivoire campaigns to fend off an Ebola outbreak ...
