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International financial institution

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International Monetary Fund: International financial institution
The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion.

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Growth slump in India temporary: IMF chief


IndiaTimes - Published

Facing economic crisis, Lebanon's government weighs options

Lebanon's Hezbollah-backed government will walk a political tightrope as it moves to urgently secure foreign funding to ward off financial collapse and could look to the International Monetary Fund..
Reuters - Published

Videos for International Monetary Fund


Wall Street pulls back on virus outbreak worries [Video]Wall Street pulls back on virus outbreak worries

Wall Street fell Tuesday as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund lowered its global economic growth forecast. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:16Published

India protests: Anger over job security and privatisation [Video]India protests: Anger over job security and privatisation

IMF has acknowledged India's economic slowdown and is urging government to take action.

Credit: Al Jazeera STUDIO     Duration: 02:41Published

Argentina: new government - new taxes? [Video]Argentina: new government - new taxes?

Argentina’s new government is seeking higher taxes on agricultural exports and foreign assets held abroad, as it gets set to restructure about $100 billion in debt obligations. David Pollard reports.

Credit: Reuters Studio     Duration: 01:33Published

 

IMF seen as option for Lebanon depending on terms: senior politician

An International Monetary Fund program is an option for Lebanon depending on terms that should be bearable for the crisis-hit country and not trigger social unrest, a senior politician said on..
Reuters - Published

Wall Street falls as China virus reaches the U.S.

Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic..
Reuters - Published

Wall St. pulls back from records on worries about virus outbreak and global growth

Wall Street lost ground on Tuesday, backing away from record highs as a viral outbreak from China found its way to U.S. shores and the International Monetary Fund (IMF) lowered its global economic..
Reuters - Published

Wall Street loses ground as China virus spooks investors

Wall Street backed away from all-time highs on Tuesday as investors returned from a holiday weekend to face a viral outbreak in China and a downbeat global growth outlook from the International..
Reuters - Published

China virus outbreak impedes Wall Street rally; Netflix earnings on deck

Wall Street's main indexes paused near all-time highs on Tuesday, as concerns about the fallout from a deadly virus outbreak in China and a downbeat growth outlook from the IMF prompted investors to..
Reuters - Published

S&P 500 loses ground amid China virus outbreak, growth fears

The benchmark S&P 500 slipped on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF prompted investors to lock in recent gains.
Reuters - Published

Wall Street opens lower on China virus outbreak, growth worries

U.S. stocks opened lower on Tuesday, as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF stalled a record rally on Wall Street.
Reuters - Published

I won't be surprised if it goes even lower: Chidambaram on IMF's 4.8% GDP growth report

Congress leader P Chidambaram said that following the IMF's dismal outlook of India's economy "we must all prepare for an attack by the govt" on the IMF. He said that the IMF's GDP projection of 4.8..
IndiaTimes - Published

Asia shares hold steady, BOJ and Trump awaited

Asian shares got off to a cautious start on Tuesday lacking any lead from Wall Street and after the IMF shaved its outlook for world growth this year, though it did offer a brighter view on China.
Reuters - Published

Head of the IMF warns of another potential ‘Great Depression’

head of the imf warns of another potential ‘great depression’
The Chairwoman and Managing Director of the International Monetary Fund has warned the global economy could be...
WorldNews - Published

Ukraine PM says resignation letter does not affect reforms, IMF ties

Ukrainian Prime Minister Oleksiy Honcharuk said on Friday that the fact that he has submitted a letter of resignation will not affect reforms and Ukrainian cooperation with the International Monetary..
Reuters - Published

Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
Reuters - Published

Infrastructure investments to boost UAE growth

infrastructure investments to boost uae growth
Dubai: The UAE economy is expected to keep up the momentum through 2020, according to the latest forecast by the International Monetary Fund (IMF) and the Institute of International Finance (IIF). In..
WorldNews - Published

IMF says Turkish monetary easing went 'too far,' calls for neutral fiscal policy in 2020

imf says turkish monetary easing went 'too far,' calls for neutral fiscal policy in 2020
ANKARA — The International Monetary Fund said on Friday that Turkey’s monetary policy easing had “gone too far” and called on Ankara to ensure that fiscal policy remained a main policy anchor...
WorldNews - Published

Pakistan needs $27 bn for financing requirements of external front: IMF

pakistan needs $27 bn for financing requirements of external front: imf
ISLAMABAD: The IMF has estimated that Pakistan’s gross financing requirements of external front stood at $27.332 billion during the current fiscal year 2019-20. The IMF’s staff review report has..
WorldNews - Published

Bosnian lawmakers approve new government after 14-month deadlock

Bosnian lawmakers approved a new central government on Monday after a 14-month deadlock, opening the way for a resumption of reforms needed to become a candidate for EU membership and for talks on a..
Reuters - Published

IMF would welcome U.S.-China tariff cuts, but wants 'trade peace': spokesman

The International Monetary Fund would welcome any deal to reduce U.S.-China trade tensions and tariffs, but is urging the world's two largest economies to permanently resolve their 17-month trade war,..
Reuters - Published

Angela Merkel tops Forbes' list of the most powerful women in the world for 2019

angela merkel tops forbes' list of the most powerful women in the world for 2019
German chancellor Angela Merkel has topped Forbes' annual ranking of the world's most powerful women for 2019. Every year, Forbes compiles a list of the most influential female leaders from across the..
WorldNews - Published

Iran Outlines Budget to Resist U.S. Sanctions as Oil Exports Plunge

iran outlines budget to resist u.s. sanctions as oil exports plunge
Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports. Officials have not..
WorldNews - Published

IMF and Ukraine reach tentative $5.5b aid deal

imf and ukraine reach tentative $5.5b aid deal
WASHINGTON: The International Monetary Fund said Saturday it had reached a “staff-level” agreement with Ukraine on a new $5.5 billion, three-year aid program for the war-scarred country. IMF..
WorldNews - Published

As Juncker bids farewell, new EU executive begins with scrutiny over Luxembourg tax

Officials from the new European Commission will discuss a report by International Monetary Fund researchers that lists Luxembourg as a world-leading tax haven just days after the former leader of the..
Reuters - Published

Moldova, eyeing Russia loan, may 'pause' cooperation with IMF: PM

Moldova's new prime minister on Tuesday raised the possibility of a "pause" in its cooperation with the International Monetary Fund, a day after he said his ex-Soviet republic was negotiating a $500..
Reuters - Published

IMF to continue new-loan talks with Ukraine in coming weeks

The International Monetary Fund said on Saturday it will continue talks with Ukraine about a new support program in coming weeks following significant progress in discussions so far with Kiev.
Reuters - Published

What are the key challenges leaders face as we approach the third decade of the 21st century?

Participants in this discussion at the 2019 Women Leaders Global Forum in Reykjavik, Iceland, include: Julia Gillard, Prime Minister of Australia (2010-2013), Member of CWWL; Gita Gopinath, Chief..
CBS News - Published

Zimbabwe begins issuing new banknotes to help ease cash crunch

zimbabwe begins issuing new banknotes to help ease cash crunch
Zimbabwean banks have started issuing new notes and coins aimed at easing severe cash shortages, but they are severely limiting the amounts people can withdraw. The new notes are the latest currency..
WorldNews - Published

IMF to release second tranche of $6 billion Pakistan loan package

(This November 8 story corrects "first" to "second" in headline, para 1)
Reuters - Published

In major reshuffle, Jordan PM moves to push IMF-led economic reforms

Jordan's Prime Minister Omar al Razzaz reshuffled a large part of his cabinet on Thursday, appointing a former palace advisor as finance minister to push forward with a mandate for economic reforms..
Reuters - Published

Open: This is "Face the Nation," December 9

This week on "Face the Nation," moderator Margaret Brennan interviews Sen. Marco Rubio, Sen. John Thune, Rep. Adam Schiff, U.S. Trade Representative Robert Lighthizer and IMF Managing Director..
CBS News - Published

IMF chief sees "no signs" of U.S. recession "in the near term"

Despite a recent downturn in the stock market, Christine Lagarde forecasts modest growth in the U.S. economy next year.
CBS News - Published

Ukraine moving quickly toward new IMF loan program: finance minister

Ukraine is moving quickly toward agreeing a new three-year loan program with the International Monetary Fund, Finance Minister Oksana Markarova told reporters on Tuesday, denying suggestions that talks..
Reuters - Published

‘Led by India, South Asia on way to become centre of global growth’

‘led by india, south asia on way to become centre of global growth’
Washington: Led by India, South Asia is moving towards becoming center of global growth and could contribute about one-third of the world's growth by 2040, according to a latest research by the..
WorldNews - Published

Lagarde takes over as president of European Central Bank

lagarde takes over as president of european central bank
FRANKFURT: Christine Lagarde took over on Friday as president of the European Central Bank, replacing Italy’s Mario Draghi, as the institution has been riven by a return to easy money policies to..
WorldNews - Published

Sudan agrees reforms with World Bank, IMF: finance minister

Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.
Reuters - Published

U.S. expects Argentina to uphold commitment to IMF: Mnuchin

The United States expects Argentina's incoming Peronist government to uphold the country's commitment to the terms of its $57 billion International Monetary Fund loan program, U.S. Treasury Secretary..
Reuters - Published

Christine Lagarde: The "60 Minutes" interview

As she leaves her position as head of the International Monetary Fund to run the European Central Bank, Christine Lagarde tells John Dickerson about the possible signs of a global recession.
CBS News - Published

Argentina's Fernandez pledges to 'turn the page' as left wins power

Argentina's president-elect Alberto Fernandez vowed on Monday to 'turn the page' on the IMF-backed policies of incumbent Mauricio Macri, after voters weary of rising poverty and inflation swept the..
Reuters - Published

IMF urges Lebanon reforms, protesters keep up pressure

The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of..
Reuters - Published

Unemployment fuels turmoil in Arab states, IMF says

Unemployment and sluggish economic growth are fuelling social tension and popular protests in several Arab countries, the International Monetary Fund said Monday.  
France 24 - Published

Draghi era ends with divisions over latest stimulus

draghi era ends with divisions over latest stimulus
FRANKFURT, Germany (AP) � European Central Bank chief Mario Draghi, whose vow to do "whatever it takes" is seen as a turning point the eurozone's debt crisis, presides over his last policy meeting..
WorldNews - Published

India-US trade negotiations going in 'full speed', says Finance Minister Nirmala Sitharaman

The negotiations came up during a discussion between Ms Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters.
DNA - Published

At IMF, Nirmala Sitharaman calls for 'concerted action' to deal with 'synchronous slowdown'

Sitharaman led the Indian delegation to the Annual Meetings Plenary session of the International Monetary Fund (IMF) and the World Bank Group held in Washington DC on Friday.
DNA - Published

Former IMF chief Christine Lagarde appointed head of European Central Bank

former imf chief christine lagarde appointed head of european central bank
The former chief of the International Monetary Fund is all set to replace Mario Draghi at ECB from November 1. Lagarde's confirmation for a non-renewable term of eight years comes after EU leaders..
WorldNews - Published

India among fastest growing economy despite IMF's projection, says FM

india among fastest growing economy despite imf's projection, says fm
New Delhi/Washington: India remains among the fastest growing economies of the world and efforts are being made to make it grow faster, Union Finance Minister Nirmala Sitharaman has said. The..
WorldNews - Published

India has worked on fundamentals, but problems needs to be addressed: IMF


IndiaTimes - Published

IMF: What is it and why does it matter?

The annual meeting of the IMF gets under way in Washington this week.
BBC News - Published

Ecuador seen with few options to 'square the fiscal circle' after scrapping subsidy cuts

Ecuadorean President Lenin Moreno's hastily ditched plan to terminate fuel subsidies put an end to days of indigenous-led protests but has left him with few good options to cleanse public accounts and..
Reuters - Published

Ecuador's indigenous re-assert influence but face obstacles to power

Ecuador's indigenous leaders, emboldened by their success in derailing IMF-backed fuel-subsidy cuts, have set their sights on high office, but experts say they face formidable obstacles - a small..
Reuters - Published

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