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IMF sets new SDR calculation method for prepare for yuan's entry


WASHINGTON The International Monetary Fund on Monday said it adopted a new methodology for calculating the currency amounts in the Special Drawing Rights (SDR) the fund uses for transactions, partly to ensure that China's yuan meets the IMF Board's intended weighting.

Structural reform key to bolstering growth and sharing benefits - Lagarde

CHENGDU, China Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said on Sunday after a meeting of G20 ministers.

Business, World, G20, 24 Jul 2016

IMF's Lagarde to stand trial in Tapie case

PARIS France's highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) state payout in 2008 to businessman Bernard Tapie. | Video

World, 22 Jul 2016

IMF says G20 should support economic growth amid Brexit uncertainty

ATEHNS Group of 20 finance officials meeting in China this weekend should agree on a broad-based approach to support consumer demand, limit private-sector debt and implement structural reforms to combat deepening risks to growth, the International Monetary Fund said on Thursday.

Business, G20, 21 Jul 2016

Brexit uncertainty prompts IMF to cut global growth forecasts again

WASHINGTON The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. | Video

Business, 19 Jul 2016

Loss of small-country bank access risks 'systemic' disruptions - IMF chief

WASHINGTON/NEW YORK The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday.

Business, 18 Jul 2016

IMF sees 'negligible' Brexit impact on U.S. growth

WASHINGTON Britain's vote in a referendum to leave the European Union has caused uncertainty and increased risks to the U.S. economy but thus far it looks likely to have a pretty "negligible" impact on U.S. growth, the International Monetary Fund said on Tuesday.

Business, 13 Jul 2016

IMF says Italy faces 'monumental challenge', cuts growth outlook

ROME Italy's economy will grow by less than one percent this year and only marginally faster in 2017, the International Monetary Fund said on Tuesday, cutting its previous forecasts as a result of Britain's decision to leave the European Union. | Video

Business, 12 Jul 2016

IMF sees French fiscal targets at risk, trims 2017 outlook

PARIS France's public deficit targets are at risk in the coming years because the government may fail to rein in spending fast enough, the IMF warned on Tuesday as it trimmed its 2017 growth outlook due to Brexit concerns.

Business, 12 Jul 2016

IMF cuts euro zone growth outlook on 'Brexit,' warns it may get worse

WASHINGTON The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's vote to leave the European Union, and warned that the conditions could worsen if confusion continues to reign in financial markets.

Business, 08 Jul 2016