FRANKFURT - A senior International Monetary Fund official has backed the European Central Bank's efforts to encourage trading in asset-backed securities (ABS) in Europe by easing rules for low-risk debt packages.
BERLIN - German Finance Minister Wolfgang Schaeuble said on Monday he sees no signs at all of a deflation spiral in Europe and ECB President Mario Draghi had made a convincing case at the recent IMF meeting that Europe's low inflation held no deflation risk.
WASHINGTON - Reforms to the International Monetary Fund have hit a deadlock despite a declaration from global financial chiefs that they would move forward without the United States if it fails to ratify the changes by year-end, a G20 official said on Sunday.
WASHINGTON - A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China's economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk.
WASHINGTON - China said on Saturday it backed IMF financial support for Ukraine, but expressed concern about the global lender's funding capacity given the failure of the U.S. Congress to ratify a program of reforms for the institution.
WASHINGTON - Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so. | Video
WASHINGTON - France and Italy will get different treatment under European Union budget rules, because the situation of their public finances is different, the chairman of euro zone finance ministers, Jeroen Dijsselbloem, said on Friday.
LONDON - Chancellor George Osborne held up Britain's recent strong pace of economic growth as vindication of his austerity programme that came under fire from the International Monetary Fund last year.
WASHINGTON - IMF member nations trust the United States will eventually back reforms to give emerging economies more power at the global lender, the chair of the International Monetary Fund's steering committee said on Friday.
WASHINGTON - The world's top economies are monitoring the economic situation in Ukraine for any fallout that may pose risks to economic and financial stability, the Group of 20 finance ministers and central bankers said on Friday in a final communique.