ARTICLES RELATING TO IMF

IMF boss avoids charges in payout scandal

2013-05-25 11:00

IMF chief Christine Lagarde has avoided charges but has been named an "assisted witness" after French prosecutors grilled her over a state payout to a disgraced tycoon when she was finance minister.

G7 finance chiefs to discuss bank reforms

2013-05-09 11:54

Some of the world's most powerful finance chiefs are set to meet to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds.

Malawi austerity dulls Banda's lustre

2013-05-07 10:33

Malawi President Joyce Banda is hailed by the international community as a courageous reformer, but those same economic reforms are making her increasingly unpopular at home.

Disputed PM to stay in Egypt reshuffle

2013-04-24 15:27

Egyptian PM Hisham Kandil, widely criticised for failing to revive the economy, will keep his job in a limited cabinet reshuffle to be announced within days, a presidential spokesperson says.

World Bank, IMF back bold poverty plan

2013-04-21 14:53

The IMF and World Bank have backed a bold goal to eradicate extreme poverty within a generation and raise the shared prosperity of their 188 member countries.

Rifts over policy clear at IMF meeting

2013-04-19 19:50

At top level talks, Germany's finance minister brushed off pressure to ease eurozone austerity, while Brazil blasted the US and Europe for delays in IMF reforms.

Swazi activist charged with sedition

2013-04-17 21:25

A pro-democracy activist in Swaziland has appeared in court on sedition charges for allegedly distributing material critical of the country's autocratic monarchy.

IMF: SA economic growth lagging

2013-04-17 08:56

South Africa is lagging behind in economic growth in sub-Saharan Africa, according to global growth forecasts released by the International Monetary Fund.

IMF recognises Somali government

2013-04-14 15:04

The International Monetary Fund has officially recognised the Somali government, ending a 22-year hiatus and allowing the fund to provide economic policy advice to Somalia.

Qatar, Libya give Egypt $5bn boost

2013-04-11 08:57

Arab allies Qatar and Libya have given cash-strapped Egypt a $5bn double boost as the Arab world’s most popular nation struggles to secure an IMF loan to ease its deepening economic crisis.

IMF in Cairo for talks on boosting economy

2013-04-03 13:08

A delegation of the International Monetary Fund has arrived in Cairo for talks on a financing programme needed to lift Egypt’s economy out of crisis.

Cyprus launches probe into financial ruin

2013-04-02 12:04

Cyprus authorities have launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.

Malawi 'wobbles under Joyce Banda'

2013-03-28 09:02

Almost a year after Joyce Banda rolled into office as Malawi’s first female president, analysts and activists are asking whether she is doing a better job than her predecessor Bingi Wa Mutharika.

Cyprus church may lose €100m in bailout

2013-03-25 22:40

Cyprus's wealthy Orthodox Church stands to lose more than €100m in the bailout deal reached with international creditors early, its leader Archbishop Chrysostomos says.

Is South Africa the odd Bric out?

2013-03-21 10:00
85 comments

The meeting of Brics leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa.

Cyprus savers foot the bill for bailout

2013-03-19 08:00

As savers in Cyprus rush to withdraw money in the light of a proposed bailout that requires hefty levies on their deposits, the plan raised concern across the eurozone as a possible precedent.

IMF urges EU to clean up banks

2013-03-15 19:38

The European economy must urgently shore up its banks in order to advance toward a banking union, says the International Monetary Fund.

Political will holds off EU privatisation

2013-03-14 18:48

With Europe's stock indexes hitting their highest since before Lehman Brothers collapsed, privatisations could be a boon to the region's debt-laden governments.

Jamaica in debt programme to halt crisis

2013-02-12 12:18

Jamaica's leader has announced that it is launching a debt-swap program to try and halt a "serious economic crisis".

Malawi braces for protests against reforms

2013-01-17 15:24

Heavily armed riot police have been deployed on the streets of Malawi’s major cities as the government braces for protests against reforms designed to right the economy and win back investors.

IMF: I Coast on track, but could do more

2013-01-09 12:52

Ivory Coast has put its economy on track but could achieve more if it addresses governance challenges, the managing director of the IMF says.

IMF, EU push for softer deficit cuts

2012-12-30 09:30

The IMF and European Commission have told France and its eurozone partners not to fixate on deficit reduction targets if it would exacerbate the bloc's debt crisis.

Lenders fail to strike Greek debt deal

2012-11-21 07:58

After nearly 12 hours of talks through the night, Greece's international lenders failed to reach a deal to get the country's debt down to a sustainable level.

IMF chief: SMS tax can help Philippines

2012-11-16 13:29

IMF chief Christine Lagarde urged the Philippines to tax mobile phone messages to shore up state funds.

Zim: IMF move can help pay off debts

2012-10-31 19:46

Easing of IMF restrictions on Zimbabwe should help it to clear its mountain of defaulted debt, says Finance Minister Tendai Biti.

 

Questions over Ethiopia's growth

2013-05-23 17:22

Ethiopia's huge public spending has created one of Africa's fastest-growing economies, but the IMF worries over its sustainability.

Egypt replaces economy ministers

2013-05-07 11:49

Egypt has announced a cabinet reshuffle that removed two ministers and increased representation of President Mohammed Morsi’s Muslim Brotherhood in government.

Egypt asks for 'sizable loan' from Russia

2013-04-26 09:15

During a meeting in a Black Sea resort city, Egypt's president and members of his government turned to Russian President Vladimir Putin and asked for a sizable loan, according to Putin aide.

Egypt set to revive nuclear programme

2013-04-23 08:44

Russia will help Egypt develop its nuclear power programme, an official says, signalling that the Islamist-led state will press ahead with its quest for atomic energy.

Africa ready to add to global growth

2013-04-21 14:21

Africa, with its improved economies, can contribute to global growth for the first time in history, say African finance ministers.

Debt levels on tap at G20

2013-04-19 12:37

G20 finance leaders are set to debate specific targets for reining in debt and the dangers of easing monetary policy from the world's biggest central banks.

IMF sees France falling into recession

2013-04-17 09:49

The IMF forecasts that France, the eurozone's second-largest economy, will fall into recession this year with the economy contracting by 0.1%.

Slow recovery: Somalia eyes global support

2013-04-15 13:40

Somalia's finance minister has his eye on conferences in London in the next six months to shore up international support for a slow recovery whose fragility has been exposed by recent bombings.

No Egypt request for bigger IMF loan

2013-04-14 13:27

Egypt has not asked the International Monetary Fund to increase a $4.8bn loan it has not yet drawn down, central bank governor Hisham Ramez says.

Egypt may ask for bigger IMF loan – official

2013-04-10 13:26

Egypt might ask the IMF to increase a previously requested $4.8bn loan to cover its budget deficit, the country's planning minister says.

IMF set to provide €1bn to Cyprus

2013-04-03 12:54

The International Monetary Fund has agreed to provide €1bn to the €10bn rescue plan for Cyprus, says its MD Christine Lagarde.

Patient Cypriots queue as banks reopen

2013-03-28 17:54

Cypriots have queued calmly at banks as they reopened under tight controls imposed on transactions to prevent a run on deposits.

Brics bank not a done deal yet

2013-03-26 22:41

Brics nations have failed to resolve differences over funding for and the location of a proposed joint development bank, indicating the group would not achieve the goal at the summit in South Africa.

Cyprus launches banking overhaul

2013-03-22 08:00

Cyprus is scrambling to overhaul its banking sector to avoid financial meltdown, after the European Central Bank threatened to pull the plug on emergency funding for the island's lenders.

Cyprus rejects bailout, searches for plan B

2013-03-20 08:09

Cyprus's president has called an emergency meeting of party leaders in a frantic search for a viable plan B after MPs rejected the terms of an EU bailout aimed at saving Cyprus from bankruptcy.

Cyprus bailout session postponed

2013-03-18 18:04

Cyprus's parliament has postponed a session to vote on a EU bailout deal that slaps a levy on all Cypriot bank savings, as negotiators scrambled to soften the blow for small deposit holders.

IMF calls for Palestine breather

2013-03-15 09:42

The IMF has called for urgent action to help revive the Palestinian economy, saying it has been choked by Israeli restrictions and political uncertainty.

Fresh unrest erupts at Greek protests

2013-02-20 18:31

Police in Athens have fired tear gas at stone-throwing protestors as thousands of Greeks walked off the job to join the debt-ridden country's first general strike this year and oppose austerity measures.

PM: Ireland to exit bailout

2013-01-26 12:55

Ireland has met all its obligations to EU and IMF creditors under its 2010 bailout and will exit the aid programme "before the end of this year", Prime Minister Enda Kenny has said.

'Egypt parliamentary polls seen in April'

2013-01-09 14:18

Egypt, battered by political turmoil and an economic crisis that has sent the local currency tumbling, will hold a parliamentary election in April, officials say.

Egypt's Morsi reshuffles cabinet

2013-01-06 15:41

Egypt's President Mohammed Morsi has reshuffled his cabinet amid a serious economic crisis and ahead of talks with the International Monetary Fund.

Swaziland urged to hike witch-doctor tax

2012-12-07 22:14

A Swazi Member of Parliament has urged the government to hike taxes on traditional healers and soothsayers to help solve a funding crisis in Africa's absolute monarchy.

Egypt reaches preliminary deal for loan

2012-11-20 16:53

Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8bn loan, a minister says.

Gordhan: Africa is hope of the world

2012-11-12 17:02

Africa brings a glimpse of hope to the unstable global economy, says Finance Minister Pravin Gordhan.

Zim: IMF move can help pay off debts

2012-10-31 19:13

Easing of IMF restrictions on Zimbabwe should help it to clear its mountain of defaulted debt, says Finance Minister Tendai Biti.

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