Global finance leaders seek to bolster growth

Apr 15, 2016

Global finance leaders seek to bolster growth

The leaders of the International Monetary Fund and the World Bank pledged Thursday to redouble efforts to bolster shaky global growth prospects and combat increasing political attacks on free trade and other hallmarks of globalization. IMF Managing Director Christine Lagarde and World Bank President ...

Apr 14, 2016

IMF urges consumption tax hike to go ahead

The International Monetary Fund urged Japan on Wednesday to go ahead with a planned hike in consumption tax next April in order to secure funds for further economic stimulus. In the semiannual Fiscal Monitor report, the Washington-based lender called for an increase in the ...

Apr 11, 2016

BOJ's backfire hangs over central bankers as IMF meetings start

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The world’s central bankers, already hitting the limits of their effectiveness on growth and inflation, are now contending with another risk: that additional stimulus could produce lackluster results and undercut investor confidence. The Bank of Japan’s decision in January to take interest rates negative ...

Mar 18, 2016

Negative rates have helped global economy: IMF's Lagarde

The world economy would be worse off without negative interest rates, according to International Monetary Fund Managing Director Christine Lagarde. Negative rates in Europe and Japan have helped support global growth and price gains, she said in an interview in Ho Chi Minh City ...

Mar 12, 2016

Lagarde urges Asia to take bigger role guiding global economy

Asia needs to take a leadership role in the global economy that reflects the continent’s growing clout, International Monetary Fund Managing Director Christine Lagarde said Saturday in New Delhi. Asian officials should keep monetary policy supportive, while using fiscal policy to boost growth and ...

Feb 25, 2016

G-20 action needed on growth, IMF report says

The world’s biggest economies urgently need new ways to support demand and contain risks as the outlook for global growth deteriorates, International Monetary Fund staff members say. Group of 20 policymakers “must act now to implement forcefully” existing growth strategies while also planning for ...

Darling of Davos, Lagarde already has second IMF term sewn up

Jan 25, 2016

Darling of Davos, Lagarde already has second IMF term sewn up

The darling of the Davos political and financial elite, Christian Lagarde has a second term at the helm of the International Monetary Fund sewn up just days after nominations opened, despite facing possible trial in France. The former French finance minister, regularly listed among ...

IMF's Lagarde says markets need clarity on China currency

Jan 23, 2016

IMF's Lagarde says markets need clarity on China currency

Financial markets need more clarity on how the Chinese authorities are managing their currency, particularly the relationship of the yuan to the U.S. dollar, IMF Managing Director Christine Lagarde said on Saturday. Asked at a panel discussion in Davos whether she would back capital ...