Breaking News, Latest Philippines Headlines, World, Entertainment, Politics, Weather & Video News
WASHINGTON, United States (AFP) – The International Monetary Fund (IMF) on Monday approved emergency aid of $105 million for Haiti, which has long been mired in a humanitarian crisis that has been exacerbated by recent global inflation. The funds should enable the Caribbean country to “support those most affected by food price rises through feeding programs and cash and in-kind transfers to vulnerable households” said Antoinette Sayeh, the IMF deputy managing director, in a statement. The […]
by Alina DIESTE / with Alexandre PEYRILLE in Buenos Aires Agence France Presse NEW YORK, United States (AFP) — The International Monetary Fund has agreed to increase its crisis loan package aimed at restoring confidence in Argentina’s struggling economy by $7.1 billion to $57.1 billion, the South American country’s Finance Minister Nicolas Dujovne said on Wednesday. The agreement “will allow our country to leave behind the turbulent path of recent months,” said Dujovne during a […]
by Andrew Beatty and Jitendra Joshi Agence France-Presse DAVOS, Switzerland (AFP) – The world’s political and business elite headed Thursday into a compelling encounter with President Donald Trump as the United States bids to carve out a competitive edge in trade, taxes and currency rates. A day after appearing to cast aside decades of US support for a strong currency, Trump’s Treasury Secretary Steven Mnuchin said he was relaxed about the dollar’s short-term value, doing little to […]
WASHINGTON, United States (AFP) — The International Monetary Fund on Thursday approved the release of $251 million to Sri Lanka, the latest payment of a three-year loan that had been delayed amid differences over the scope and pace of reforms. The IMF approved the $1.5 billion loan in June 2016 following a balance of payments crisis in Sri Lanka. With this latest tranche it has released a total of $760 million. While noting the progress […]
(Eagle News) — The International Monetary Fund’s outlook for the Philippine economy remains “favorable despite external headwinds.” In a statement, the IMF predicted the country’s Gross Domestic Product growth at 6.6 percent for 2017 and 6.7 percent for 2018. It said this was “owing to continued robust domestic demand.” “Inflation is expected to stay near the center of the (Bangko Sentral ng Pilpinas’) target band due to stable commodity prices and well-anchored inflation expectations. The current […]
by Omar Hasan Agence France-Presse DUBAI, United Arab Emirates (AFP) — The International Monetary Fund on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis. Oil exporters in the Middle East, especially those in the Gulf Cooperation Council, have been hit hard by the collapse in crude prices which provided a major part of their finances. Following the […]
by Heather Scott Agence France-Presse WASHINGTON, United States (AFP) — The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday. However, wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in place since the 2008 crisis could erode stability, […]
by Dmitry ZAKS KIEV, Ukraine (AFP) — The International Monetary Fund said Saturday it had reached a preliminary agreement with Ukraine that could see the war-scarred and cashed-starved nation receive fresh aid in the first half of the year. The news was particularly good for the ex-Soviet republic because the IMF statement referred to a loan of $1 billion (0.9 billion euros) and not the lesser sums discussed in earlier months. Ukraine also gets […]
BELGIUM, Brussels (AFP) — The participation of the International Monetary Fund in the Greek bailout programme is “non-negotiable”, the head of eurozone finance ministers said on Thursday (January 26). Speaking at the end of a monthly meeting of eurozone finance ministers in Brussels, Jeroen Dijsselbloem said future bailout programmes for Greece may be carried out without the IMF, but for the current one, the participation of the IMF was “non-negotiable” because of the expertise of […]
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 […]
HONG Kong, China (AFP) — China and Japan’s economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday. Government stimulus measures, lower commodity prices and low unemployment will help drive regional expansion, the International Monetary Fund said, and called on leaders to push on with reforms. However, in its Regional Economic Outlook for […]
New Delhi, India (AFP)—Asia is “the world’s most dynamic region” but structural reforms are key given its increasing importance to the global economy, International Monetary Fund chief Christine Lagarde said in New Delhi on Saturday. Asia already accounts for 40 percent of the world economy and stands to deliver nearly two-thirds of global growth over the next four years, Lagarde, the IMF managing director, told the Advancing Asia conference in the Indian capital. “Given this vital […]
