ARTICLES RELATING TO IMF

IMF talks with Mali to revive aid package

2014-09-12 11:00

The International Monetary Fund has restarted talks on reviewing an aid programme for Mali and resuming aid payments to the West African country.

Greece narrows budget deficit to 8%

2013-01-22 15:01

A minister says Greece has narrowed its budget deficit to 8.1% in 2012, marking a rare improvement over targets pledged to its EU-IMF creditors.

Inflation, drought hurt Malawi's economy

2013-01-06 16:39

A spike in inflation, lower-than-expected foreign exchange earnings and a drought were hampering economic growth, the IMF says.

IMF steps up economic support to Malawi

2013-01-04 15:00

The IMF is set to hold talks with the private sector, the central bank and technocrats in its bid to help fix the economy of Malawi.

IMF: Crisis to last 10 years

2012-10-03 19:17

The world economic crisis could take 10 years to run its course, says the IMF's chief economist Olivier Blanchard.

Greece aims to stem layoffs - policy plan

2012-06-24 12:35

Greece's new coalition government will seek to stem layoffs and extend by two years the application period of a tough recovery plan, says an official document.

IMF: Sri Lanka seeking fresh bailout

2012-06-15 16:14

Sri Lanka is seeking fresh help from the International Monetary Fund after drawing down a previous $2.6bn bailout, says a top IMF official.

IMF warns not to ease up in debt battle

2012-04-22 15:46

An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe's prolonged debt crisis.

Russia considers greater contribution to IMF

2012-04-22 11:54

Russia will consider contributing more than the $10bn it has already promised to bolster the International Monetary Fund's crisis-fighting war chest.

IMF: SA sputters, African growth robust

2012-04-17 22:00

SA's growth will continue to lag while high commodity prices will boost the rest of the continent, says the International Monetary Fund.

Brics flay West over monetary policy, IMF

2012-03-29 11:43

The Brics bloc has slated Western powers' monetary policies for destabilising the global economy and has called for more reform of the IMF.

Lagarde thanks private sector

2012-03-09 16:42

IMF chief Christine Lagarde has lauded the private sector for lending its support and cooperation to Greece's debt exchange offer.

Greeks clinch bailout deal - finally

2012-02-09 17:13

Greek political leaders agreed to austerity measures needed to secure a bailout and avoid a messy default, in time for a meeting with their financial backers.

EU debt crisis at centre of Saudi-IMF talks

2012-02-05 11:36

IMF chief Christine Lagarde met Saudi Finance Minister Ibrahim al-Assaf to discuss efforts to resolve Europe's debt crisis, reports the state news agency SPA.

IMF: Oil will soar on Iran supply curbs

2012-01-25 18:08

The International Monetary Fund says the latest sanctions against Iran are tantamount to an oil embargo and supply cuts will push up prices 20-30% higher.

Lagarde: EU should boost bailout funds

2012-01-23 13:42

International Monetary Fund MD Christine Lagarde says the EU should consider a larger rescue fund and eurozone bonds as a way out of the region's debt crisis.

Greece default fears grow

2012-01-16 18:00

Athens has sent officials to meet with the IMF as it tries to break a deadlock in debt swap talks that has prompted new fears of an unruly default.

Lagarde warns global economy threatened

2011-12-26 13:05

The head of the IMF says the world economy is in danger and urges Europeans to speak with one voice on a debt crisis that rattles the global financial system.

Lagarde wraps up West Africa trip

2011-12-22 16:23

Chief of the IMF Christine Lagarde was to leave West Africa after visiting the continent's most populous country, Nigeria, and one of its poorest, neighbouring Niger.

IMF has useful role to play in eurozone

2011-12-18 13:33

The sight of politicians walking hat-in-hand into meetings with the IMF officials has been humiliating for voters in Greece, Ireland and Portugal.

IMF replaces its man in Europe

2011-11-17 11:45

As the eurozone debt crisis boils on, the International Monetary Fund has replaced its director with a well-connected insider.

IMF: Inefficiencies compound SA woes

2011-11-16 14:46

SA's fiscal predicament is partly due to the severity of economic shocks but also because of the inefficiency of product and labour markets, says an IMF representative.

Lagarde takes rescue talks to Russia

2011-11-06 14:56

IMF chief Christine Lagarde takes her European rescue talks to petrodollar-rich Russia before visiting Asian giants China and Japan.

Eurozone crisis dominates G20 meeting

2011-10-14 14:08

The eurozone debt crisis has wiped other items off the agenda for this weekend's meeting of the Group of 20.

SA 'scratching head' on stabilising rand

2011-09-28 18:40

Finance Minister Pravin Gordhan says the government is battling to curb the volatile rand whose weakness benefits some sectors but also fuels inflation.

 

IMF's Lagarde urges Germany to spend more

2014-09-08 12:30

IMF head Christine Lagarde has urged Germany to increase investments to help spur the eurozone's flagging economic recovery.

Malawians protest economic reforms

2013-01-17 13:22

Malawians are set to take to the streets as they feel the pinch from IMF-backed economic reforms designed to win back investors

IMF deal to prop up Egypt's economy

2013-01-06 13:06

Egypt is committed to completing negotiations with the International Monetary Fund to secure a $4.8bn loan which is vital to the economy, the government says.

Greek austerity talks to continue

2012-10-07 13:00

Greece will continue talks with international lenders on new austerity measures for the debt-ridden country to clinch its next loan tranche, says the finance minister.

IMF cuts US growth forecast

2012-07-03 17:29

The IMF pared its growth forecast for the US economy and warned that the Obama administration could be slicing the deficit too fast for the weak economy.

Cosatu condemns SA's IMF donation

2012-06-19 16:57

Cosatu has condemned the news that Treasury has donated $2bn to an IMF firewall meant to prevent future financial crises.

IMF faces reform pressure

2012-04-22 13:17

The IMF, newly flush with a huge crisis fund, faced pressure to get moving on promised reforms to give a greater voice to developing countries and reduce Europe's clout.

IMF poised to secure $400bn

2012-04-20 18:00

The G20 stood ready to commit at least $400bn to bulk up the IMF, though Brazil wants to tie the cash to a pledge that emerging market voting power at the IMF will increase.

Lagarde welcomes eurozone decision

2012-03-30 17:36

Christine Lagarde, IMF chief, welcomed the decision of euro area ministers to strengthen the European firewall.

Lagarde cautiously upbeat on economy

2012-03-18 15:59

In a cautiously upbeat global assessment, IMF chief Christine Lagarde says measures to fight financial woes in Europe and the US are starting to pay off.

Eurozone to shrink, EU to stagnate in 2012

2012-02-23 15:40

The eurozone economy will enter its second recession in three years and the European Union will not record growth, says its executive.

Greece lets another bailout deadline slip

2012-02-06 14:30

Athens again failed to respond to tough terms for a new EU/IMF bailout as patience in Brussels wore thin and it edged closer to a chaotic default.

EU, IMF press Greece on reforms for aid

2012-01-27 11:41

Athens has been given a list of measures it has to adhere to before the European Union and IMF agree on more assistance to help it stave off bankruptcy.

Greece names and shames tax dodgers

2012-01-23 17:36

Greece's cash-strapped government has published a list of 4 000 of the country's top evaders as part of a bid to recover €60bn in unpaid taxes.

IMF seeks $600bn to boost war chest

2012-01-18 17:47

The International Monetary Fund estimates it needs up to $600bn in new resources to lend to countries hit by contagion from the eurozone debt crisis.

Lagarde: Jobless, euro major risks to SA

2012-01-06 13:28

Unemployment and the eurozone debt crisis are the biggest threats to SA's economy, says International Monetary Fund MD Christine Lagarde.

IMF urges members to boost funding

2011-12-23 09:12

International Monetary Fund MD Christine Lagarde is encouraging member countries to double IMF resources and give under-represented nations, such as China, greater voting powers.

Eurozone target in danger as UK declines

2011-12-20 08:01

Eurozone ministers have agreed to boost IMF resources by €150bn to stave of its debt crisis but it was unclear if it would reach a €200bn target after Britain bowed out.

Minister: Egypt still unsure about IMF loan

2011-12-04 15:19

Egypt's future finance minister said it was too soon to say whether the country would take a loan of $3.2bn offered by the IMF to fund its budget deficit.

IMF: Walmart's SA entry was transparent

2011-11-16 15:38

Walmart's R16.5bn acquisition of Massmart has been a transparent process with all the regulatory bodies playing their parts properly, says the IMF.

IMF warns rich nations may hit recession

2011-11-11 18:45

The International Monetary Fund says there is an elevated risk that advanced nations could fall back into recession.

G20 calls for FX flexibility, names China

2011-11-04 18:35

Group of 20 leaders adopted stronger language on currencies and vowed to move “more rapidly” toward flexible forex rates.

IMF: Recession will be deeper than expected

2011-10-12 12:05

The Greek recession will be more serious than anticipated and a recovery is now only expected from 2013 onwards, says the International Monetary Fund.

Finance ministers want crisis resolved

2011-09-25 12:01

Finance ministers, seeking to prevent another global recession, increased pressure on European countries to resolve their debt crisis.

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