Global energy subsidies to hit $5.3trn this year

2015-05-19 18:40

The International Monetary has voiced alarm about energy subsidies across the world, saying they were expected to reach $5.3trn in 2015, more than government's budget.

Greece steps up diplomacy to avert cash crunch

2015-05-05 13:43

Greece has stepped up diplomacy with eurozone partners to try to avert a potentially catastrophic funding crunch this month, when it is due to repay debt to the IMF.

Pension, labour disputes dog Greek talks

2015-05-04 16:34

Differences over pension and labour reforms continue to dog intensive negotiations between Greece and its international creditors despite progress in other areas.

Chad to receive $1.1bn debt relief - finance minister

2015-04-29 14:31

Chad will receive $1.1bn in debt relief after completion of the Highly Indebted Poor Countries initiative of the World Bank and IMF, its finance minister says.

IMF nations warn of risks

2015-04-20 05:00

The International Monetary Fund's member nations have warned of risks to the global economy from exchange rate shifts and geopolitical tensions.

Greece may have blown best hope of debt deal

2015-04-14 10:30

Even if it survives the next three months on the brink of bankruptcy, Greece may have blown its best chance of a debt deal by alienating its eurozone partners.

How Muslim financing can thrive - IMF

2015-04-06 20:44

The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund says.

US stance against China-led bank 'idiotic'

2015-03-26 13:00

Washington's opposition to a new China-led development bank is "embarrassing" and "idiotic", as an increasing number of US allies embrace the institution.

EU tells Greece time, patience running out

2015-03-20 10:00

Eurozone leaders have told Greece its leftist-led government must implement agreed reforms to avert a looming cash crunch that could force it out of the euro.

Tsipras to keep his word amid German spat

2015-03-13 11:15

Greece reassures its eurozone partners to stick with its bailout plan from international creditors, this is despite a spat between Athens and Berlin.


Greece unsure in race to avert cash crunch

2015-05-06 10:45

Greece has blown hot and cold with its eurozone partners as it struggled to avert a potentially catastrophic funding crunch this month.

Gulf oil exporters should cut spending: IMF

2015-05-05 09:00

Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop in crude prices.

Zim commits to carry out reforms by end 2015

2015-05-01 15:53

Zimbabwe says is committed to reducing its public expenditure, further reducing mining taxes and to reform its economic policies by the end of this year.

Lower prices to hurt Africa's oil producers -IMF

2015-04-28 14:15

Lower oil prices will reduce growth in Africa's major petroleum producing countries and push governments to implement significant policy adjustments says the IMF.

IMF cuts Africa’s GDP growth to 4.5% on oil drop

2015-04-14 16:06

The International Monetary Fund has cut its economic growth forecast for sub-Saharan Africa this year as plunging oil prices force exporters to curb spending plans.

Power crisis cripples investment, risks rating

2015-04-08 13:27

The economy could have been 10% larger if power shortages had not stifled growth and investment, putting SA's debt at risk of being cut to junk, estimates show.

Greece ready for IMF payment on April 9

2015-04-05 10:30

Greece will repay a loan tranche to the IMF on time, its deputy finance minister said, seeking to quell fears of default after a flurry of contradictory statements.

US changes tack after diplomatic setback

2015-03-24 10:45

The Obama administration, stung by allies who have thrown their weight behind a new China-led development lender, has turned its focus to a new front.

Greece repays IMF loan as talks resume

2015-03-16 14:15

Cash-strapped Greece has made a loan repayment to the International Monetary Fund as it embarked on technical discussions with its international lenders.

Zim needs credible plan to clear arrears - IMF

2015-03-04 21:15

The IMF says it will consider extending new financial support to Zimbabwe only if it agrees to clear arrears with international financial institutions.

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