IMF staff warn G20 of increasing downside economic growth risks


WASHINGTON - Downside risks to the global economy have risen and a combination of threats including slower growth in China and rising market volatility could severely cut the outlook, International Monetary Fund staff warned on Wednesday.

IMF's Lagarde hopes China's economic transition will be orderly

JAKARTA - The International Monetary Fund said on Wednesday it was speaking with Chinese authorities about the country's "very significant" economic transition, which it hoped would be managed in an "orderly fashion".

Business, 02 Sep 2015

IMF's Lagarde warns of spillover risks from recent volatility

JAKARTA - Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund (IMF) said in Jakarta on Wednesday.

Business, 02 Sep 2015

IMF's Lagarde sees weaker than expected global economic growth

JAKARTA - Global economic growth is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations.

Business, 01 Sep 2015

IMF approves second disbursement to Ghana

ACCRA - The International Monetary Fund's board on Monday approved a second disbursement to Ghana under an aid deal and urged the government to adhere to the programme's terms to stabilise the economy.

World, Africa 01 Sep 2015

Ghana strike ends but election campaign to test IMF deal further

ACCRA - Ghana faced down the first major challenge to an IMF austerity programme on Monday when doctors suspended a three-week strike but a bigger test of President John Mahama's commitment will come next year as he fights for reelection.

Business, Africa 30 Aug 2015

IMF's Lagarde says restructuring should suffice for Greek debt

ZURICH - A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

Business, 29 Aug 2015

IMF official says 'premature' to speak of Chinese crisis

RIMINI, Italy - China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday.

Business, 22 Aug 2015

Germany wants IMF involved in Greek bailout for reform rigour - sources

BERLIN - Germany wants the International Monetary Fund involved in Greece's new bailout because of the economic rigour it brings more than for any financial help, government sources said on Thursday.

World, 20 Aug 2015

Serbia seeks IMF backing for pay, pensions hike before possible election

BELGRADE - Serbia will seek the backing of the International Monetary Fund to raise pensions and public sector wages during a loan review beginning on Thursday, with the government hinting at a snap election early next year.

World, 20 Aug 2015