Jan 20, 2015

IMF cuts global projections, citing Japan and eurozone economies

The International Monetary Fund has cut its projections for global growth from earlier forecasts in October, citing factors such as weak investment. It also revised downward expectations for major economies such as the eurozone and Japan. The semiannual World Economic Outlook by the Washington-based ...

Jan 16, 2015

IMF chief warns of Japan, eurozone slowdowns, terror risks

International Monetary Fund Managing Director Christine Lagarde warned Thursday of an economic slowdown in Japan and the eurozone and increased geopolitical risks to the global economy linked to the recent terrorism incidents in Paris. “Despite the boost from (cheaper) oil prices and despite stronger ...

Dec 31, 2014

IMF policies hindered Ebola response, report argues

Professors from three leading British universities say International Monetary Fund policies favoring international debt repayment over social spending contributed to the Ebola crisis by hampering health care in the three worst-hit West African countries. Conditions for loans from the IMF prevented an effective response ...

Ukraine prime minister warns of war after winning confirmation vote

Nov 28, 2014

Ukraine prime minister warns of war after winning confirmation vote

Arseniy Yatsenyuk received lawmakers’ approval to remain Ukraine’s prime minister, clearing an obstacle for aid talks with the International Monetary Fund as the country grapples with a separatist insurgency in the east. Yatsenyuk, 40, was backed by 341 lawmakers in the 450-seat legislature Thursday, ...

Nov 12, 2014

U.S. urges IMF to cancel debt of Ebola-stricken countries

The United States on Tuesday proposed that the International Monetary Fund write off some $100 million in debt it is owed by Guinea, Liberia and Sierra Leone to free up more resources for those countries, the hardest hit by the Ebola outbreak. The debt ...

World ministers step up effort against Ebola

Oct 12, 2014

World ministers step up effort against Ebola

World financial leaders promised swift action against Ebola at the fall meeting of the IMF and World Bank on Saturday as countries across the world scrambled to stem the deadly outbreak, which U.N. officials warn is getting worse. Officials also pledged to act boldly ...

Global finance leaders pledge bold efforts for growth

Oct 12, 2014

Global finance leaders pledge bold efforts for growth

World financial leaders on Saturday promised “bold and ambitious” action to boost a global recovery that has shown recent disturbing signs of weakness. That pledge from the International Monetary Fund’s policy-setting committee came after a week of stomach-churning swings in the financial markets triggered ...

Ukraine lobbies NATO, IMF as deaths mount, truce teeters

Oct 9, 2014

Ukraine lobbies NATO, IMF as deaths mount, truce teeters

Ukraine dispatched top envoys to Washington and Brussels on Wednesday to secure help in the face of a surge in clashes with pro-Russian insurgents that killed eight more civilians and troops. A one-month truce in Ukraine is teetering on the verge of collapse just ...

Oct 8, 2014

IMF slashes economic growth projection for Japan

The International Monetary Fund on Tuesday slashed its projection for Japan’s economic growth by the most of any developed country, while also cutting its growth estimate for the global economy in view of mounting geopolitical tensions. In its semiannual World Economic Outlook report, the ...