Latest International Monetary Fund News

Ex-IMF chief acquitted in Spanish bank stock listing case

Sep. 29, 2020 4:52 PM EDT

MADRID (AP) — Spain’s National Court has acquitted 34 people who were tried over the stock market listing of financial firm Bankia, including former International Monetary Fund chief Rodrigo Rato. Rato, who is serving a 4 1/2-year prison sentence for a separate case involving the misuse of Bankia's...

FILE - In this May 24, 2020 file photo, Sudanese worshippers gather for Eid al-Fitr prayers, the Muslim holiday which starts at the conclusion of the holy fasting month of Ramadan, in Khartoum, Sudan. The International Monetary Fund has signed off on Sudan’s economic reform program, a move that can eventually allow the highly-indebted African country receive debt reliefs and hence rebuild its battered economy. The IMF released a statement Wednesday, Sept. 23, 2020,  saying that its staff will be monitoring the implementation of a “home-grown” economic restructuring program. (AP Photo/Marwan Ali, file)

IMF endorses Sudan's reform plan for battered economy

Sep. 24, 2020 7:49 AM EDT

CAIRO (AP) — The International Monetary Fund has signed off on Sudan's economic reform program, a move that can eventually allow the highly-indebted African country to get debt relief and move ahead with rebuilding its battered economy as it transitions to democratic rule. Until the end of June 2021, IMF...

French President Emmanuel Macron arrives for a media conference in Beirut, Lebanon, Tuesday, Sept. 1, 2020. French President Emmanuel Macron issued a stern warning to Lebanon's political class, urging them to commit to serious reforms within few months or risk punitive action including sanctions, if they fail to deliver. (Gonzalo Fuentes/Pool via AP)

French leader warns Lebanese politicians of ‘last chance’

Sep. 1, 2020 5:18 PM EDT

BEIRUT (AP) — French President Emmanuel Macron said Lebanese politicians have committed to a road map that begins with a government of experts to be formed in two weeks and quickly enacts reforms. Speaking at the end of two days of meetings in Beirut, Macron said France was committed to helping Lebanon...

Words are written by Lebanese citizens in front of the scene of Tuesday's explosion that hit the seaport of Beirut, Lebanon, Sunday, Aug. 9, 2020. Public fury over the massive explosion in Beirut took a new turn Saturday night as protesters stormed government institutions and clashed for hours with security forces, who responded with heavy volleys of tear gas and rubber bullets. (AP Photo/Hussein Malla)

Beirut explosion bares pitfalls of sending aid to Lebanon

Aug. 9, 2020 4:47 PM EDT

BEIRUT (AP) — Hospitals and schools, then shattered and bent water pipes, then the crater that once was Lebanon’s port. The rebuilding needs of Lebanon are immense, but so is the question of how to ensure the millions of dollars promised in international aid is not diverted in a country notorious...

A soldier stands at the devastated site of the explosion in the port of Beirut, Lebanon, Thursday, Aug. 6, 2020. French President Emmanuel Macron came in Beirut to offer French support to Lebanon after the deadly port blast. (AP Photo/Thibault Camus, Pool)

The Latest: Macron says France doesn’t want to run Lebanon

Aug. 6, 2020 2:18 PM EDT

BEIRUT (AP) — The Latest on the explosion in Beirut (all times local): 9:15 p.m. French President Emmanuel Macron has denied that he's seeking to pull the strings in Lebanon and revive France’s colonial-era influence over a country reeling from a giant, deadly explosion. Macron was on a visit to...

FILE - In this July 20, 2020 file photo, people exercise during a government-ordered lockdown to curb the spread of the new coronavirus in Buenos Aires, Argentina, after the city government authorized people to exercise outdoors as part of a roadmap for rolling back on Covid-19 curbing quarantine restrictions. Argentina’s government said Tuesday, Aug. 4, 2020, it has reached an agreement with its main creditors to restructure billions of dollars in foreign debt, offering some relief for a country hobbled by recession even before the pandemic hit. (AP Photo/Natacha Pisarenko, File)

Argentina reports debt restructuring deal with creditors

Aug. 4, 2020 3:46 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina said Tuesday it has reached an agreement with its main creditors to restructure $65 billion in foreign debt, offering some relief for a country hobbled by recession long before the pandemic. The agreement will allow creditor groups “to support...