Christine Lagarde: IMF would be “delighted” to work with China-led AIIB March 22, 2015 China’s Asian Infrastructure Investment Bank (AIIB) has hoovered up yet more support, after the International Monetary Fund’s (IMF) Christine Lagarde said there was “massive” room for cooperation between the two. Managing director Lagarde told a conference in Beijing the IMF would be “delighted” to work with the AIIB on infrastructure financing, according to Reuters. [...]
Dominique Strauss-Kahn trial: Prosecutor calls for pimping charges to be dropped against former IMF chief February 17, 2015 A French prosecutor has called for Dominique Strauss-Kahn to be acquitted of aggravated pimping charges. Prosecutor Frederic Fevre said “neither the judicial enquiry nor the hearing” had proved that the former International Monetary Fund (IMF) chief had provided prostitutes to sex parties. Fevre’s request came the day after two former prostitutes dropped a civil [...]
Former IMF chief Dominique Strauss-Kahn trial over pimping charges begins today February 2, 2015 The trial against former IMF chief Dominique Strauss-Kahn for charges relating to pimping begins in France today. Strauss-Kahn, who was once considered a contender for French president, is accused of aggravated pimping and involvement in a prostitution ring that was run from a luxury hotel in Lille. The economist, known as DSK, has [...]
IMF slashes global growth forecast January 20, 2015 The forecast for global growth in 2015 and 2016 has been downgraded by the International Monetary Fund (IMF). The body predicts that this year, the world economy will reach 3.5 per cent – down from the 3.8 per cent it put forward three months ago. Next year's forecast has also been decreased, to 3.7 [...]
2015 IMF growth forecast: UK pulling ahead but global economy downgraded January 19, 2015 The UK has managed to avoid a downgrade to its 2015 growth forecast by the International Monetary Fund. The IMF’s updated predictions released today also place the UK as the fastest economy in the G7 in 2014 with growth of 2.7 per cent. However, the UK is set to lose its “fastest G7 economy” crown [...]
Cheap oil won’t help recovery, warns IMF chief Christine Lagarde January 15, 2015 Cheap oil is unlikely to speed up recovery, International Monetary Fund (IMF) chief Christine Lagarde has warned, adding that global recovery is currently too "lopsided". In a speech to the Council on Foreign Relations in Washington, Lagarde suggested that although growth in the US and a lower oil price has given economies a helping hand, [...]
IMF: Seven in 10 Eurozone banks are still too weak October 16, 2014 Most Eurozone banks are too weak to give out loans and support any economic recovery, a top International Monetary Fund (IMF) official warned yesterday. The banking sector in the euro area is only just getting to grips with bad debts and inefficiencies, according to Jose Vinals, the director of the monetary and capital markets department [...]
Crisis over for UK – but Eurozone has strong chance of recession, says IMF October 7, 2014 Forget wages rising more slowly than inflation or lagging GDP per capita: the crisis is behind the UK, according to the International Monetary Fund (IMF). Having disagreed with the medicine, the IMF seems now to recognise the current climate as a cure, despite concerns about living standards and spare capacity in the labour market. Things [...]
Scottish independence referendum: IMF warns Yes vote could hit financial markets September 12, 2014 The International Monetary Fund (IMF) has weighed into the debate on Scottish independence warning there could be significant market uncertainty if Scots vote to leave the union. IMF spokesman William Murray said: The main immediate effect is likely to be uncertainty over the transition to potentially new and different monetary, financial and fiscal frameworks in [...]
Ukraine will need a much bigger bailout to stabilise economy, IMF says September 2, 2014 As the crisis in the east of Ukraine continues to harm the nation's economy, The International Monetary Fund (IMF) has warned that a much bigger international bailout will be needed than was originally planned. In a review of the already agreed $16.7bn standby facility, the fund described the figure as being built on “totally [...]