Portugal hopes for fresh start at troubled bank

2014-07-15 09:45

Portugal’s troubled Espirito Santo clan has been forced to sell a chunk of the bank it founded and accept independent managers.

IMF likely to cut SA growth again

2014-07-10 22:00

A senior IMF official has hinted that the international lender is likely to cut South Africa's economic growth forecast when it releases a global outlook.

Lagarde hints at world growth forecast cut

2014-07-06 18:30

Global economic activity should strengthen this year and accelerate in 2015, although momentum could be weaker than expected, says IMF chief Christine Lagarde.

Sanctions halt Russian economic growth - IMF

2014-07-01 19:30

Sanctions imposed on Russia over Ukraine have brought growth to a standstill and could force Moscow into economic isolation, says the IMF.

Bulgaria's bank crisis eases

2014-06-30 16:01

Bulgaria's banking crisis has eased with fewer depositors queueing to withdraw savings after European Commission gave Sofia the green light.

IMF mission to visit Ukraine over bailout

2014-06-24 16:15

An International Monetary Fund mission is expected in Kiev to check on Ukraine's progress in implementing tough conditions for a $17bn bailout.

China premier upbeat on economy

2014-06-19 10:44

China's economy will not suffer a hard landing and will continue to grow at a medium to high pace without strong stimulus, says Chinese Premier Li Keqiang.

EU should simplify budget rules - IMF

2014-06-10 16:15

The European Union should focus on cutting debt, says the International Monetary Fund, joining a debate on how to make austerity policies more growth-friendly.

Britain gets warning over housing bubble

2014-06-06 15:30

The International Monetary Fund has urged Britain to cool its housing market by reining in risky mortgages, the strongest warning yet from an international organisation.

IMF boss hails Africa's 'remarkable' growth

2014-05-29 07:26

IMF managing director Christine Lagarde has hailed the leaps made by African economies in the last decade as "nothing short of remarkable”.

Swazi king's budget upped to $61m

2014-05-14 20:46

Swaziland's King Mswati III, whose personal fortune is estimated at around $200m, has increased his annual household budget for 2014 to $61m.

Gordhan heads to Nigeria for Africa summit

2014-05-05 20:13

Finance Minister Pravin Gordhan, together with two other ministers, will represent South Africa at the World Economic Forum on Africa Summit in Nigeria.

'Helpless' Ukraine thrown $17bn lifeline

2014-05-01 14:13

The International Monetary Fund has thrown a $17bn lifeline to recession-wracked Ukraine, whose president has admitted that authorities are powerless to prevent pro-Russian militants over-running the east of the country.

Ghana hits economic growth roadblock

2014-04-11 09:32

After a decade of pumping oil and achieving coveted middle-income status that made it the envy of other African nations, Ghana has hit a roadblock.

IMF: Crisis a shock for Ukraine

2014-04-08 19:14

Ukraine is facing a severe contraction in its economy due to the country's political turmoil and tension with Russia, the International Monetary Fund says.

US recovery puts onus on Europe and China

2014-04-07 11:03

The world's top financial policymakers will descend on Washington with a debate fizzing once again about what needs to be done to galvanise economic growth.

IMF expects subdued growth for Zimbabwe

2014-03-28 10:44

Zimbabwe will register moderate growth in the short term and the country could be vulnerable to weakening exports, predicts the International Monetary Fund.

IMF predicts challenging year for Zim economy

2014-03-28 07:39

Zimbabwe's struggling economy will continue to face challenges this year, with minimal growth expected, the IMF says.

Madagascar's leader seeks to win over donors

2014-03-19 11:03

Madagascar’s new president has launched a charm offensive against the world’s biggest aid institutions, hoping to revive the support to his impoverished country that was cut off five years ago.

Seychelles economy to grow 3.7% - IMF

2014-03-11 19:49

The Seychelles economy will grow by 3.7% in 2014 following 3.5% growth last year, the International Monetary Fund says.

US preps tough response for Russia over Ukraine

2014-03-03 07:36

Western powers have prepared a tough response to Russia's military advance into Ukraine and warned that Moscow could face economic penalties, and diplomatic isolation.

Armed men take airport in Ukraine's Crimea

2014-02-28 07:57

Dozens of armed men in Russian-marked military uniforms have occupied an airport in the capital of Ukraine's strategic Crimea region, a report says.

US: Yanukovych not recognised as Ukraine head

2014-02-25 11:02

The Obama administration has signalled that it no longer recognises Viktor Yanukovych as Ukraine's president.

Ukraine closes on protesters, 5 reported dead

2014-02-18 19:47

Ukrainian riot police have advanced on the 12-week-old protests against President Yanukovich and security forces set a deadline to end disturbances after at least five protesters were reported killed.

EG wants help to diversify economy

2014-02-05 13:37

Equatorial Guinea wants international investors and financial institutions to help open up and diversify its energy-dependent economy.


China likely to host Brics bank

2014-07-14 18:01

Shanghai looks set to become the headquarters of the Brics development bank, despite fears by some members that China could hijack the bank to serve its interests.

Brics reach concensus on $100bn bank

2014-07-07 13:43

The five Brics nations have reached a broad consensus on their $100bn development bank though some differences remain, a senior Chinese diplomat says.

Israel urged to lift restrictions on Palestine economy

2014-07-04 05:26

The International Monetary Fund says the economy in the West Bank and Gaza is weakening and urged Israel to lift restrictions on the Palestinians.

Belgian pimp ordered to rename brothel

2014-06-30 20:14

A Belgian court barred a renowned pimp from naming his latest venture "DSK", the initials of disgraced former IMF chief Dominique Strauss Kahn who filed the suit.

Run on Bulgaria bank causes panic

2014-06-30 12:11

Dozens of depositors have withdrawn savings from Bulgaria's third biggest bank despite assurances from the government and the European Union.

IMF tells Europe to strengthen banking union

2014-06-20 09:54

The European Union needs a strong system in the eurozone to handle big banks that get into trouble, says the International Monetary Fund.

IMF cuts US growth outlook

2014-06-16 20:30

The International Monetary Fund has cut its growth forecast for the United States and says the economy would not reach full employment until the end of 2017.

Egypt turns to Western economic advisers

2014-06-08 12:30

Western advisers are drawing up plans for reshaping the Egyptian economy, sources say.

Brics bank could start lending in 2016

2014-05-30 13:37

The Brics nations will likely agree to fund their $100bn development effort equally, giving them the same rights in a new multilateral bank, a top official says.

US warns Russia ahead of Ukraine vote

2014-05-16 08:34

The US warned Russia of punishing new sanctions if the Kremlin and its allies in Ukraine disrupt crucial presidential elections in the former Soviet republic less than 10 days away.

UN to help feed 6.5 million Ethiopians

2014-05-13 15:57

The World Food Programme will help to feed nearly 6.5 million Ethiopians this year, with the country hit by locusts, neighbouring war and sparse rainfall.

Ukraine faces debt of $9bn

2014-05-02 13:38

The International Monetary Fund's board has signed off on a bailout for Ukraine to boost the former Soviet state's failing economy.

IMF: Egypt to need more financial support

2014-04-12 08:27

Egypt will need further international assistance to put its economy back on track despite receiving huge loans from Gulf Arab states, the IMF says.

US threatens tougher sanctions on Russia

2014-04-11 08:29

Treasury Secretary Jacob Lew is warning Russia that it could face tougher economic sanctions because of its actions in Ukraine but so far other economic power reluctant.

UK economy basks in factory growth

2014-04-08 16:44

Britain got a double boost as its recovery from recession gathered more momentum and the International Monetary Fund raised the country's growth forecasts.

CAR to receive $176m aid - IMF

2014-04-04 14:02

The Central African Republic has reached a preliminary agreement with the International Monetary Fund and other donors to receive $176m this year, says the IMF.

IMF bails out Ukraine, UN rejects Crimea annex

2014-03-28 08:40

The IMF has announced a $14-$18bn bailout for Ukraine as the UN General Assembly refused to recognise Russia's annexation of the Crimea peninsula.

No cuts to Zim's public sector wage bill

2014-03-26 16:15

Zimbabwe is not prepared to slash its public sector wage bill to meet debt-reduction plans agreed with the IMF, says Finance Minister Patrick Chinamasa.

Cabinet reshuffle 'looms in struggling Zim'

2014-03-14 15:04

Zimbabwean President Robert Mugabe is reportedly contemplating a Cabinet reshuffle that could see Finance Minister Patrick Chinamasa’s early exit from treasury.

Ukraine's economy wilts under crisis

2014-03-06 13:50

Ukraine's government says Russian aggression in Crimea is hitting the economy hard but signalled growing confidence that it will secure international loans.

G7 leaders condemn Russia over Ukraine

2014-03-03 06:33

The leaders of the world's top industrialised powers have turned on fellow G8 member Russia, condemning its "clear" violation of Ukraine's sovereignty.

EU, Russia bid to calm tensions over Ukraine

2014-02-26 07:13

World powers have sought to ease tensions over Ukraine as the country's interim authorities grappled with the threat of economic collapse and separatism.

US ready to give financial support to Ukraine

2014-02-25 09:00

The US is ready to provide financial support to Ukraine to complement IMF aid, the White House says, in the aftermath of the ousting of Ukraine's president, Viktor Yanukovich.

Ukraine rebels want Yanukovich's powers curbed

2014-02-17 19:24

Ukraine's opposition leaders have pressed President Yanukovich to accept curbs on his powers that would allow them to form an independent government to defuse a 12-week stand-off on the streets.

Tunisia central bank 'optimistic' after loan

2014-01-30 15:51

Tunisia's central bank expressed "optimism" after the IMF released a delayed $506m loan to support the fragile economy following major steps this week to end months of political turmoil.

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