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ATHENS, Greece (AFP) – A 24-hour strike gripped Greece on Wednesday, disrupting travel and shutting down services, as unions mobilized against a new round of austerity cuts imposed by the country’s international creditors. The walkout cuts off maritime traffic for a second day while dozens of flights had to be cancelled or rescheduled and hospitals ran on emergency staff. Separate protests will be held in Athens and other major cities during the day. “We want […]
by Ali Khalil Agence France Presse DUBAI, United Arab Emirates — Oil-exporting Arab states of the Gulf are heading “in the right direction” to plug budgetary gaps thanks to fiscal reforms, but more change is still necessary, the International Monetary Fund said Tuesday. “If they continue on this path in the next three to five years, the level of deficit will be less than 2 percent” of gross domestic product, IMF regional chief Jihad Azour told […]
(Eagle News) – Masayang tinanggap ng Malacañang ang positibong pagtaya ng International Monetary Fund (IMF) sa takbo ng ekonomiya ng bansa ngayong taon. Una nang inihayag ni IMF Resident Representative to the Philippines Shanaka Jayanath Peiris na naniniwala silang makakamit ng Pilipinas ang target nitong Gross Domestic Product (GDP) na 6.8% ngayong 2017 dahil sa matatag na fiscal spending ng bansa. Sinabi ni Presidential Spokesman Ernersto Abella, magiging posible ito sa pamamagitan ng mas pinalakas […]
by Aurélia END Clare BYRNE Agence France-Presse PARIS, France (AFP) – A French court on Monday found IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but spared her a fine or prison sentence. The ruling was a rare setback in Lagarde’s glittering career but it was not clear how it would affect her position at the International Monetary Fund, whose board was […]
by Aurélia END Agence France Presse PARIS, France (AFP) – IMF boss Christine Lagarde faced a grilling Tuesday, the second day of her trial, over the “colossal” damages payout authorised for a tycoon while she was French finance minister. Presiding judge Martine Ract Madoux forced the head of the International Monetary Fund on the defensive as she questioned why 45 million euros ($48 million) had been paid to Bernard Tapie in compensation. These so-called “moral […]
WASHINGTON, United States (AFP) – by Douglas Gillison The IMF on Tuesday left its global economic forecasts unchanged into 2017 but called on governments to take action against the threats of low growth and protectionism. With Britain voting to secede from the European Union and US presidential candidates disfavoring open borders, the International Monetary Fund said populist politics imperiled free trade and economic growth. Global output is expected to grow this year by 3.1 percent […]
CAIRO, Egypt (AFP) – by Maram Mazen The International Monetary Fund said Thursday that it had reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest. The Egyptian government hopes the three-year deal will provide a lifeline for the North African nation as it grapples with a dollar shortage and dwindling foreign reserves. The agreement, which will have to be ratified by the IMF and Egyptian authorities, […]
ATHENS, Greece (AFP) — Greek Prime Minister Alexis Tsipras said Tuesday that an EU-IMF audit of the debt-laden country’s reforms would likely resume by March 10, hinting that the process was being delayed by divisions among the creditors. “My estimate is that (senior creditor representatives will) return in the first ten days of March,” Tsipras said in a televised interview. “There must finally be agreement between the (creditors) so we can move forward,” he told Star TV. […]
The managing director of the International Monetary Fund (IMF) said on Friday (January 22) she will run for a second term. Christine Lagarde has no obvious challengers and has said previously she was open to serving another term. “Yes I am candidate to a second mandate. I was honoured to receive from the start of the process the backing of France, Britain, Germany, China, Korea, Mexico,” she told France 2 television in an interview from […]
The International Monetary Fund (IMF) is looking forward to cooperating with the China-initiated Asian Infrastructure Investment Bank (AIIB), said an IMF official on Tuesday. Chikahisa Sumi, assistant director of the Asia and Pacific Department of the IMF, made the remarks at a forum attended by IMF officials and members of U.S. think tanks in Washington, D.C. “Infrastructure investment need is huge, is simply huge. And then infrastructure investment is very productive investment. And then, it […]
CEBU CITY, Cebu – As the Philippine Congress seeks to finalize a comprehensive tax reform law, the International Monetary Fund (IMF) has proposed that the country get more people to pay taxes while it lowers its income tax rate. Doing so would safeguard the country’s revenue stream, said IMF Resident Representative to the Philippines Shanaka Jayanath Peiris during a press briefing at the sidelines of the Asia-Pacific Economic Cooperation (APEC) meetings. “A comprehensive approach would […]
(Reuters) — The head of the International Monetary Fund (IMF), Christine Lagarde said on Saturday (September 5) the plight of migrants is everybody’s problem. A photograph of a three year old Syrian boy, Aylan Kurdi’s tiny body in a bright red T-shirt and dark shorts, face-down in the surf, appeared in newspapers around the world, prompting sympathy and outrage at the perceived inaction of developed nations in helping refugees. “Reality comes back to haunt you […]
