United Kingdom


Saudi Arabia should keep reining in budget - IMF's Lagarde


WASHINGTON Saudi Arabia should continue to rein in its spending and seek more ways to raise revenues despite recent increases in oil prices, International Monetary Fund Managing Director Christine Lagarde said on Wednesday.

Next IMF aid tranche demands tough, Ukraine official warns

LONDON Ukraine could struggle to meet the International Monetary Fund's demands for its next aid tranche on time, one of the country's finance officials said, and voiced reservations about the appetite for its first major privatisation.

Business, 25 Oct 2016

Moldovan finance minister says very close to securing IMF aid

CHISINAU Moldova is very close to securing aid worth nearly $180 million from the International Monetary Fund and a date for approving it will be announced in the next few days, Finance Minister Octavian Armasu told Reuters on Thursday.

World, 20 Oct 2016

Saudi has little room to slow austerity drive, IMF says

DUBAI The International Monetary Fund feels the pace of Saudi Arabia's austerity drive is broadly appropriate and there is little room for Riyadh to ease up on the spending cuts that have slowed economic growth sharply, a senior IMF official said.

Business, Middle East 19 Oct 2016

Egypt says has mustered 60 percent of $6 billion required to secure IMF deal

CAIRO Egypt has mustered 60 percent of the $6 billion (£4.88 billion) required to secure a $12 billion International Monetary Fund (IMF) loan, Prime Minister Sherif Ismail said on Tuesday

World, Middle East, Egypt 18 Oct 2016

U.S. working with G7 countries to fund IMF Egypt programme

WASHINGTON The United States views the International Monetary Fund's proposed $12 billion bailout for Egypt as "essential" and is working with other G7 economic powers to ensure that it is fully funded with bilateral financing, a senior U.S. Treasury official said on Tuesday.

World, Egypt, Middle East 18 Oct 2016

Risks to China from 'very fast' credit growth rising rapidly - IMF

HONG KONG China's credit growth has been "very fast" by global standards and without a comprehensive strategy to tackle the debt overhang, there's growing risk it will have a banking crisis or sharply slower growth or both, the International Monetary Fund said.

Business, 18 Oct 2016

Egypt to gather additional $6 billion required for IMF deal

CAIRO Egyptian Finance Minister Amr El Garhy said on Monday his country would gather an additional $6 billion in bilateral funding required to secure a $12 billion International Monetary Fund (IMF) loan within one or two weeks.

Business, Middle East 18 Oct 2016

Greece says IMF debt analysis should be ready by Christmas

The International Monetary Fund should conclude on its debt sustainability analysis for Greece by Christmas, Greek economy minister George Stathakis said on Wednesday.

Business, 12 Oct 2016

Euro zone hopes to keep IMF in Greek bailout - ECB's Coeure

FRANKFURT Euro zone finance ministers are working to keep the International Monetary Fund as part of the Greek bailout and to address concerns about Greek debt sustainability, European Central Bank board member Benoit Coeure said on Wednesday.

Business, 12 Oct 2016