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Economy

IMF welcomes Saudi reforms

The International Monetary Fund is applauding Saudi Arabia's sweeping reform plan calling it "an appropriately bold and far-reaching transformation".

Economy

Blunt Brexit warning from International Monetary Fund's Lagarde

IMF head Christine Lagarde warns there would be no economic positives from Britain leaving the EU and the impact would range from "pretty bad to very, very bad".

Economy

IMF sub-Saharan Africa 2016 outlook sees weaker growth

The IMF says 2016 will be another difficult year for sub-Saharan Africa because of factors including the steep decline in commodity prices, the Ebola outbreak and drought.

Economy

Saudi Arabia responds to low oil prices with economic reform plan

Saudi Arabia has unveiled an economic reform plan including selling part of its state energy giant Saudi Aramco and using the cash raised for a massive global investment fund.

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World

Exclusive: Greek PM says crisis nearly over, no more austerity needed

The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to overcome its crisis for good, Prime Minister

USA

IMF urges 'growth-friendly' spending from member countries

The International Monetary Fund (IMF) has urged member nations to boost “growth-friendly” spending in light of the Syrian refugee crisis. At the

Business

World Bank, IMF say growth lower and warn of new Greek crash

The World Bank and IMF, at their Spring meeting are urging Greece’s creditors to rethink their policies after studies concluded austerity was

Economy

The World Bank and IMF fear Brexit will add uncertainty to a fragile global economy

The World Bank and the IMF have been meeting in Washington with the possibility of the United Kingdom leaving the European Union high on the agenda.

United Kingdom

IMF warns 'Brexit' could do 'severe damage' to global economy

The IMF has warned that a "Brexit" would prompt "major challenges" and an extended period of economic uncertainty, which would damage confidence and investment, increase market volatility and hurt tra

Economy

Greece and troika move closer to review of bailout deal

Greece and the troika of international lenders are moving closer to a deal on a review of bailout reforms, which could free up more aid to help the cash strapped country.

World

IMF's Lagarde on Panama Papers, Greece default risk, refugee crisis & more

There does not appear to be much to smile about when it comes to the global economy these days: new massive tax evasion scandal; Europe’s continuing

Economy

Cyprus starts working week out of bailout

Cyprus has kicked off the working week standing on its own two feet. Its EU bailout has officially finished, as it bounces back from financial

Economy

IMF says Ivory Coast close to hitting growth targets

The IMF says the Ivory Coast economy continues to grow and will post 8.5% this year, a tad down on last year’s 8.6%. Inflation is also forecast to

Economy

IMF calls for G20 coordinated stimulus to keep global economy from stalling

The International Monetary Fund is urging the G20 to plan now for a coordinated stimulus programme to keep the slowing global economy from stalling.

Economy

Sole candidate Lagarde re-elected to second term as International Monetary Fund head

Christine Lagarde has been re-elected to a second five-year term as head of the International Monetary Fund with the world's economy in the doldrums, and the IMF facing difficult loan decisions for Gr

Ukraine

IMF warns Ukraine to tackle corruption or bailout stops

The International Monetary Fund has warned Ukraine that it will block its $40bn bailout programme if Kyiv fails to confront crippling corruption.

Economy

Lagarde seeks second term as head of the IMF

Head of the International Monetary Fund, Christine Lagarde, has announced she will run for a second term as managing director of the financial institution.

World News

IMF proposes prickly solutions for Europe's refugee 'challenges'

Question of survival How can Europe survive mounting refugee pressures? A study by the IMF presented in Davos, Switzerland, has proposed that the

World

IMF downbeat about global economic growth

The International Monetary Fund has cut its growth forecasts for this year and next. The Fund believes the world economy will grow 3.4 percent in 2016.

Spain

Spain demands jail sentence for former IMF chief

Spain’s public prosecutor is requesting a four-and-a-half year jail sentence for banker Rodrigo Rato, the former IMF chief who is being investigated