IMF to help Zim sort out debt repayment

2014-09-30 10:23

The International Monetary Fund says it will work with Zimbabwe to produce a debt repayment plan that would help Harare qualify for international loans.

IMF warns Ghana over fiscal deficit

2014-09-26 19:45

Ghana's fiscal deficit will end the year at 9.75% of gross domestic product, missing a government projection of 8.8%, the International Monetary Fund says.

IMF: Zim no basket case, must clear debts

2014-09-24 10:15

Zimbabwe is not a poor country and will only be able to access new funds once it has paid its long overdue $7bn debt, says the IMF.

Greek posts budget surplus

2014-09-12 18:19

Greece has posted a primary budget surplus in the first eight months of the year that was more than double the amount targeted under its international bailout plan.

IMF sees world growth at just over 3%

2014-09-08 14:00

The International Monetary Fund head Christine Lagarde has hinted the global lender could downgrade its forecast for world economic growth.

Ukraine may need bigger bailout - IMF

2014-09-02 20:30

Ukraine may need as much as $19bn in additional funds if its conflict with pro-Russian separatists continues during 2015, says the International Monetary Fund.

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2014-08-28 07:37

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IMF's Lagarde put under investigation - source

2014-08-27 11:45

IMF chief Christine Lagarde has been placed under formal investigation by French magistrates for her alleged role in a long-running political fraud case.

World Bank announces $200m in assistance for Ebola

2014-08-05 11:42

The World Bank has announced up to $200m in emergency assistance to help Liberia, Sierra Leone and Guinea contain the spread of the deadly Ebola virus.

Russia sanctions may undermine EU's recovery

2014-07-29 08:31

The EU is expected to take the plunge and impose tougher sanctions on Russia over Ukraine, but the measures could hit its own struggling economy - especially should Moscow reply in kind.

Zim slashes growth forecast

2014-07-25 14:24

Zimbabwe has cut its 2014 growth forecast to 3.1%, in line with projections from the International Monetry Fund.

IMF snips US growth forecast

2014-07-23 19:34

The IMF says it expects the US economy to grow even more slowly this year, below its June prediction of 2% growth.

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.


IMF urges Zim to clarify BEE law

2014-09-30 07:00

The International Monetary Fund has urged Zimbabwe to clarify its policies that bar foreign companies from holding majority stakes in local enterprises.

IMF reaches accord with Mali to revive aid

2014-09-26 08:20

The IMF has reached an agreement with Mali that could restart aid to the West African nation after it was suspended, a head of mission to the country says.

China offers $50m to Mali

2014-09-12 19:15

China has extended $51m in funding to Mali at a time when the West African country is negotiating a programme with the International Monetary Fund.

Independent Scotland could upset markets - IMF

2014-09-11 17:44

The International Monetary Fund says a vote by citizens of Scotland for independence could raise many questions and upset markets in the short term.

International lenders will return to Greece

2014-09-04 17:00

The European Central Bank, the European Commission and the International Monetary Fund will return to Greece later to study reform progress.

Niger buys president $40m jet

2014-09-01 21:37

The government of Niger, one of the poorest countries in the world, has provoked anger with the purchase of a $40m presidential Boeing 737.

IMF's Lagarde put under investigation

2014-08-27 19:37

IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008.

IMF ready to help Ghana face challenges

2014-08-10 16:30

The IMF will help Ghana address its current economic challenges, following a formal request by the West African country to open talks for a support programme.

Ghana seeks IMF bailout for ailing currency

2014-08-04 18:19

Ghana has requested a bailout from the International Monetary Fund to stem a huge slump in its currency.

UK interest rates should stay low for now - IMF

2014-07-28 19:30

The Bank of England has won backing from the IMF for keeping interest rates low, even as the body welcomes signs that Britain's economic recovery is broadening.

IMF cuts global growth outlook

2014-07-24 18:30

The International Monetary Fund has chopped its 2014 forecast for global economic growth to take into account weakness early in the year.

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.

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