Euro zone hails "breakthrough" with Greece, IMF debt deal


BRUSSELS Greece won its firmest offer yet of debt relief in what euro zone finance ministers called a breakthrough deal, bridging big differences between the IMF, which sought an immediate debt cut, and Germany, which argued that restructuring isn't needed.

IMF backs Saudi economic plan for "appropriately bold" transformation

DUBAI The International Monetary Fund backed Saudi Arabia's sweeping economic reform plan on Thursday and said the kingdom was cutting spending at the right speed to cope with a huge state budget deficit caused by low oil prices.

Business, 19 May 2016

Warning of downward spiral, IMF sees no economic upside to Brexit

LONDON International Monetary Fund chief Christine Lagarde said on Friday there were no economic positives to Britain leaving the European Union and that the impact would range from "pretty bad to very, very bad". | Video

Business, 14 May 2016

IMF to provide $510 million aid tranche to Pakistan

DUBAI The International Monetary Fund has reviewed Pakistan's economic performance and will make available a further $510 million to the country as part of a three-year, $6.7 billion financial assistance programme, it said on Thursday.

Business, South Asia, 12 May 2016

Global corruption costs trillions in bribes, lost growth - IMF

WASHINGTON Public sector corruption siphons $1.5 trillion to $2 trillion annually from the global economy in bribes and costs far more in stunted economic growth, lost tax revenues and sustained poverty, the International Monetary Fund said on Wednesday.

Top News, Business, Economy, 12 May 2016

France sex scandal spurs call for end to "code of silence"

PARIS Five years after the sex scandal that forced IMF chief Dominique Strauss-Kahn to resign, hundreds of female French politicians on Tuesday denounced sexual harassment in the corridors of power and a Mafia-style code of silence that lets it go unpunished.

World, 10 May 2016

Monetary Authority of Singapore should be vigilant on deflation, adjust policy if needed, IMF says

SINGAPORE The Monetary Authority of Singapore (MAS) should remain on guard against signs of deflation and adjust its policy settings further if needed, the International Monetary Fund said on Tuesday.

Business, 10 May 2016

Need to prepare for uncertainties caused by possible Brexit - IMF

BERLIN Politicians need to be prepared for uncertainties and volatilities that could be caused by a British exit of the European Union, a senior IMF official said on Monday.

Business, 09 May 2016

Ecuador asks IMF for loan after quake - IMF official

MEXICO CITY The International Monetary Fund has received a request for a credit line from Ecuador following a deadly earthquake earlier this month, an IMF official said on Wednesday.

World, 28 Apr 2016

IMF says Pakistan ready to go it alone when programme ends

LONDON Pakistan will be ready to go it alone when its $6.7 billion three-year International Monetary Fund programme ends in September, a senior fund official said on Wednesday.

South Asia, Top News, World, 27 Apr 2016