United Kingdom


Strikes, protests notwithstanding, IMF prods France to reform


PARIS France's economy is not recovering quickly enough to cut unemployment and debt significantly, and will not do so without further reforms, the International Monetary Fund said on Tuesday despite slightly raising its growth estimates.

IMF report says Greece needs 'up-front' debt relief, lower fiscal target

WASHINGTON Greece needs "up-front, unconditional" debt relief and a sharply lower budget surplus target to make its bailout viable and its debt sustainable over the long term, International Monetary Fund staff said on Monday.

Business, 24 May 2016

Italian banks must do more to reduce NPLs over medium term - IMF

ROME Italian banks need to take additional measures to reduce their stock of non-performing loans over the medium term and should be required to produce regular updates of their NPL strategy, the International Monetary Fund said on Monday.

Business, 23 May 2016

IMF ups Italy economic forecast slightly but sees downside risks

ROME The International Monetary Fund (IMF) slightly raised its forecast for Italian economic growth on Monday, but warned that the euro zone's third-largest economy still faces risks.

Business, 23 May 2016

IMF researchers say Japan monetary easing has benefits for Asian economies

WASHINGTON Japan's extraordinarily easy monetary policy, a source of friction with the United States for pushing the yen’s value down, has had some positive effects on emerging Asian economies, including increased growth and equity prices, International Monetary Fund researchers have found.

Business, Japan, 21 May 2016

IMF urges fixed rates for Greece, longer grace period, maturities

BRUSSELS The International Monetary Fund would like euro zone countries to extend the grace period on all their loans to Greece until 2040 and their maturities to 2080 with a fixed interest rate until 2045, a confidential IMF document said.

Business, 20 May 2016

China names ex-IMF official as new central bank deputy governor

BEIJING China's cabinet has named Zhang Tao as a new deputy central bank governor, a step that is expected to pave the way for his appointment as a deputy managing director at the International Monetary Fund (IMF).

Business, 20 May 2016

IMF says Greek debt relief needs long grace, maturity periods

WASHINGTON Signaling a tough stance on Greek debt relief talks, a senior International Monetary Fund official said on Thursday that the negotiations should focus on a long grace period, maturity extensions and "very low interest rates".

Business, 19 May 2016

IMF agrees $5.4 billion standby loan for Iraq

AMMAN Iraq has reached a $5.4 billion (4 billion pounds) standby agreement with the International Monetary Fund that could unlock $15 billion more in international assistance over the next three years, Finance Minister Hoshiyar Zebari said on Thursday.

World, Iraq, Middle East 19 May 2016

Ukraine, IMF agree terms to resume financial support - IMF

KIEV The International Monetary Fund has agreed with Ukraine the reform policies it must implement for the board to agree in July to dispense a long-delayed third tranche of loans under a $17.5 billion (£12 billion) bailout programme, the fund said on Wednesday.

World, 18 May 2016