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IMF team in Cairo next week to review third instalment of $12-billion loan


CAIRO A delegation from the International Monetary Fund (IMF) will arrive in Cairo next Tuesday to review Egypt's progress on economic reforms before it disperses the third instalment of a $12-billion (£9.1 billion) loan programme, the Finance Ministry said.

Greece, lenders to start talks again, as countdown starts

ATHENS Greece's creditors will return to Athens next week to assess its bailout compliance, in a review which should be concluded swiftly if the country is to meet its goal of emerging from lenders' supervision next year.

Business, 18 Oct 2017

Greece, IMF agree on fast bailout review conclusion - Tsipras says

ATHENS Greece and the International Monetary Fund agree that the next bailout review of the country's fiscal and reform progress must be concluded fast, Greek Prime Minister Alexis Tsipras said on Monday.

Business, 17 Oct 2017

Global policymakers grapple with half-baked recovery short of wage growth

WASHINGTON International Monetary Fund members gave lukewarm endorsement to a strengthening global economy but conceded they were not out of the woods as they grappled with subdued inflation, low potential growth and an uneven recovery that clouded the outlook.

Business, 14 Oct 2017

Eurogroup head outlines pragmatic view on 'euro zone budget'

WASHINGTON A euro zone budget of several hundred billion euros is an ambitious idea, the head of euro zone finance ministers said on Saturday, suggesting loans from the bailout fund and transfers from the existing European Union budget could be more feasible.

Business, 14 Oct 2017

On trip to U.S., Germany's Schaeuble warns against protectionism

WASHINGTON German Finance Minister Wolfgang Schaeuble warned on Saturday against increasing protectionism and urged countries to work together more closely as he visited the United States for meetings of the International Monetary Fund and World Bank.

Business, 14 Oct 2017

IMF Lagarde - Trade revisions can be a 'win-win' for all involved

WASHINGTON International Monetary Fund Managing Director Christine Lagarde said on Saturday a revision of long-standing trade agreements, if done well, can be a "win-win" for all countries involved.

Business, 14 Oct 2017

Euro zone bailout fund may get monitoring powers next year

WASHINGTON The European Stability Mechanism (ESM) could get new powers to monitor euro zone economies next year as part of the single currency bloc's plan to integrate more deeply, Klaus Regling, the head of the euro zone bailout fund, said on Friday.

Business, 14 Oct 2017

Sales tax hike is 'obvious' choice for Japan debt woes - IMF

WASHINGTON Raising the sales tax is a "very obvious" choice for Japan to get its fiscal house in order, a senior IMF official said on Friday, shrugging off proposals by the country's opposition parties to freeze a hike scheduled for 2019.

Business, Japan 13 Oct 2017

Italy needs new ECB rules on bad debt - IMF's Thomsen

WASHINGTON The International Monetary Fund supports the European Central Bank's new proposals to tackle non-performing loans and Italy needs the measures to boost confidence in its banking sector, IMF European Department chief Poul Thomsen said on Friday.

Business, 13 Oct 2017