The ship is leaking, but the captain is reluctant to do the repair. That is exactly what the United States, veto-wielding master of the International Monetary Fund (IMF), is doing in the reform of the global lending body.
The ship is leaking, but the captain is reluctant to do the repair. That is exactly what the United States, veto-wielding master of the International Monetary Fund (IMF), is doing in the reform of the global lending body.
The heads of the World Bank and the International Monetary Fund (IMF) said Thursday that they are willing to strengthen cooperation with the Asia Infrastructure Investment Bank (AIIB) to unleash the huge potential in the region.
Despite decreasing macroeconomic risks since last fall, the global economy continues to face a number of significant challenges, and the world should take measures to prevent the mediocre growth from becoming a "new reality", International Monetary Fund (IMF) Managing Director Christine Lagarde said Thursday.
U.S. Treasury Secretary Jacob Lew on Tuesday warned of the risk for eroded U.S. role in international institutions if Congress failed to ratify reforms of related institutions, such as the International Monetary Fund (IMF) The United States is the only country standing in the way of the IMF reforms, adding that the reforms are the best way to maintain the U.S. leadership role in the IMF to protect the U.S. economic and national security interests, Lew said in his testimony before the House Financial Services Committee.
India needs to implement planned reforms, open up more fully: IMF chief
The board of International Monetary Fund (IMF) will reexamine the international use of yuan or Renminbi (RMB), the Chinese currency, when it reviews the currencies in the basket of the Special Drawing Rights (SDRs) later this year, the organization's spokesman Gerry Rice said Thursday.
Pakistan and the International Monetary Fund (IMF) on Thursday concluded seven days of talks on the sixth review under the three-year Extended Fund Facility (EFF) program for an amount of 6.64 billion U.S. dollars.
The global economy is facing strong headwind despite the boost from positive factors such as lower oil prices and stronger U.S. economy, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) said Thursday at a forum held by the Washington think tank Council on Foreign Relations.
The G20 leaders said here Sunday that they remain confident about raising their collective GDP by more than 2 percent by 2018 despite renewed risks in global economy.
The United States and Asia are two rare rays of sunshine in an otherwise cloudy global economic landscape, as most other economies are still seeing lackluster growth years after the worst downturn in decades.
Immediate pressures on the public finances in emerging markets have eased in recent months as sovereign-bond yields and volatility have declined, but fiscal risks are on the rise in most emerging market economies, said the International Monetary Fund (IMF) on Wednesday in a newly-released report.
The International Monetary Fund (IMF) lowered Portugal's growth forecast on Tuesday, estimating the country will grow 1 percent during 2014, according to local media reports.
The International Monetary Fund (IMF) on Tuesday lowered its global economic growth forecasts for the third time this year, warning that the global recovery remains uneven and downside risks have increased compared with the spring.
Irish Finance Minister Michael Noonan has laid out plans to repay the country's bailout loans from the International Monetary Fund (IMF), according to Bloomberg news agency on Monday.
Managing Director of the International Monetary Fund (IMF) Christine Lagarde on Saturday commended Group of 20 (G20) countries's significant progress in developing growth strategies to lift medium-term growth.
Chief of the International Monetary Fund (IMF) Christine Lagarde Wednesday congratulated the establishment of a new reserve arrangement by the BRICS countries, expressing her will to work with them to ensure global financial stability.
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