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IMF gives Mozambique $118 million for Cyclone Idai rebuilding

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MAPUTO The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole villages, the lender said on Friday.

Pakistan reaches 'agreement in principle' with IMF over bailout

ISLAMABAD Pakistan has reached an "agreement in principle" with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a Pakistani minister said on Monday.

World, Business, South Asia, Economy, 15 Apr 2019

Pakistan reaches an 'agreement in principle' with IMF over bailout package: minister

ISLAMABAD Pakistan has reached an "agreement in principle" with IMF over bailout package, the country's state minister for revenue said on Monday after the lending body announced arrival of its staff mission in Islamabad later this month.

Business, South Asia, Economy, 15 Apr 2019

'Large' IMF majority on Venezuela leader issue needed: Christine Lagarde

WASHINGTON The International Monetary Fund will not be able to help Venezuela deal with its economic crisis until a "large majority" of its members decide who to recognize as the country's leader, the head of the global lender said on Saturday.

Economy, Business, 14 Apr 2019

Greece to strike deal this weekend to repay IMF early: official

WASHINGTON Greece is looking to strike a deal this weekend to repay early about half of the loans it received from the International Monetary Fund, in a bid to lower the euro zone member's burden of debt servicing, a senior official said on Friday.

World, Economy 13 Apr 2019

IMF wants China-U.S. trade deal to address structural issues

WASHINGTON Any trade deal between China and the United States should be a long-lasting one that is consistent with multilateralism and addresses structural factors like intellectual property, a senior International Monetary Fund official said on Friday.

Business, 12 Apr 2019

Ukrainian comedian gets serious with investors in bid for presidency

KIEV In a popular TV series, a fictional Ukrainian president gets so drunk at a dinner with the head of the International Monetary Fund that he throws her into a swimming pool.

World, 12 Apr 2019

Venezuela leadership issue still blocking IMF, World Bank aid

WASHINGTON International Monetary Fund and World Bank shareholders are still undecided on whether to recognise Venezuelan opposition chief Juan Guaido as the country's leader, the institutions said on Thursday.

Business, Economy, 12 Apr 2019

Auto tariff war would hurt more than U.S.-China fight - IMF chief economist

WASHINGTON A new trade war sparked by U.S. automotive tariffs has the potential to do much more damage to global economic growth than the U.S.-China trade conflict has done, International Monetary Fund chief economist Gita Gopinath said on Thursday.

Economy, Business, 12 Apr 2019

IMF chief says Brexit delay averts 'terrible outcome'

WASHINGTON The six-month delay of Britain's exit from the European Union avoids the "terrible outcome" of a "no-deal" Brexit that would further pressure a slowing global economy but does nothing to lift uncertainty over the final outcome, the head of the International Monetary Fund said on Thursday.

Economy, Business, 12 Apr 2019