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Weidmann defends Germany's record surpluses from IMF criticism


FRANKFURT Germany's central banker defended his country's record budget and current account surpluses on Thursday from criticism from the International Monetary Fund that they are hobbling growth in the euro zone and widening global economic imbalances.

World Bank joins IMF in criticism of Ukraine's anti-corruption draft law

KIEV The World Bank has joined the International Monetary Fund in criticising a Ukrainian draft law to create an anti-corruption court, the newspaper Ukrainska Pravda reported on Monday, citing a letter from the lender to the presidential administration.

World, 16 Jan 2018

Use French upswing to push through reforms, IMF tells Macron

PARIS French President Emmanuel Macron should seize the ideal opportunity of an economic upswing to make headway on his reform programme, International Monetary Fund officials said on Monday.

Business, 08 Jan 2018

Britain might need to raise tax revenues to fix deficit - IMF

LONDON Britain may need to raise more money from taxes to bring down its budget deficit after relying heavily on keeping a tight grip on public spending, the International Monetary Fund said on Wednesday.

Business, 20 Dec 2017

IMF's Lagarde says pre-Brexit warnings vindicated by slower UK growth

LONDON Britain's economy is already suffering from last year's vote to leave the European Union - fulfilling previous warnings that Brexit supporters had dismissed as too gloomy, International Monetary Fund chief Christine Lagarde, said on Wednesday. | Video

Business, 20 Dec 2017

Ireland repays $476 million bailout loan to Denmark well ahead of schedule

COPENHAGEN Ireland repaid Denmark a 3 billion Danish crown (£356.04 million) loan, extended under an EU/IMF bailout, four years ahead of schedule, the Danish ministry of finance said on Tuesday.

Business, 19 Dec 2017

Out of U.S. sanctions, Sudan tries to lure back investors

LONDON Sudan's president is wanted for crimes against humanity, the economy has lost much of its oil output and the government is in arrears with the IMF. And yet Osama Faisal's target of boosting foreign investment tenfold is not quite as daunting as it seems.

Business, 15 Dec 2017

Ukraine aims to pass IMF-backed anti-corruption law in February

KIEV Ukraine aims to pass legislation backed by the International Monetary Fund to set up a special anti-corruption court in February and implement the law within 6-8 months, Justice Minister Pavlo Petrenko told Reuters.

World, 12 Dec 2017

Mauritius needs to clarify monetary policy - IMF

PORT LOUIS Mauritius needs to clarify its monetary policy to increase policy coherence, the International Monetary Fund said on Saturday.

Business, 09 Dec 2017

IMF approves $44.5 million credit for Madagascar

NAIROBI The International Monetary Fund (IMF) said it has approved a further $44.5 million (33.3 million pounds) credit for Madagascar, as part of a drive to support the country's economic recovery.

World, Africa 07 Dec 2017