PODGORICA - Montenegro should shut down the loss-making aluminum plant that is the country's biggest single industrial employer to stem a sharp rise in its public debt, the International Monetary Fund said.
NICOSIA - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.
WASHINGTON - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to exit, the IMF said on Thursday.
WASHINGTON - The International Monetary Fund's executive board approved a $1.3 billion, three-year loan to Cyprus on Wednesday, part of a larger international bailout to help the Mediterranean country avoid defaulting on its debt.
ACCRA - The IMF on Tuesday forecast economic growth of 5.4 percent in 2013 and 5.7 percent in 2014 for the economies of sub-Saharan Africa on the back of rising investment and booming extractive industries.
TOKYO - The current level of the yen is appropriate given the package of policies that Japanese Prime Minister Shinzo Abe is trying to pursue, a senior International Monetary Fund official said on Friday.
WASHINGTON - Russia has agreed to extend the terms of its loan to Cyprus as part of its participation in the bailout of the indebted Mediterranean country, Cyprus's foreign minister said on Thursday.
WASHINGTON - The International Monetary Fund is not currently planning a new visit to Egypt to discuss the country's $4.8 billion loan program as it awaits new economic data and reform plans from the government, the Fund's spokesman said on Thursday.
KHARTOUM - Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fund (IMF) said on Tuesday.
BELGRADE - The International Monetary Fund will not discuss a fresh loan deal on a mission to Serbia starting this week, it said on Tuesday, describing the visit as a "health check" of the Balkan country's economy.