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 ...

IMF chief Lagarde under investigation in France

Aug 27, 2014

IMF chief Lagarde under investigation in France

Christine Lagarde, the chief of the International Monetary Fund, was on Wednesday placed under official investigation for negligence in a French corruption probe that dates back to her days as France’s finance minister. In a statement after a fourth round of questioning before magistrates, ...

Aug 16, 2014

IMF urges Japan to take quick action on structural reforms

The International Monetary Fund has underscored the need for Japan to promote structural reforms quickly in light of its worst gross domestic product contraction in 13 quarters. “With the near-term outlook looking increasingly uncertain, the government needs to move quickly on the third arrow ...