Latest International Monetary Fund News

Indian workers repair an advertising hoarding in Hyderabad, India, Tuesday, Jan. 21, 2020. The IMF on Monday lowered India’s economic growth estimate for the current fiscal to 4.8% and listed the country’s Gross Domestic Product (GDP) numbers as the single biggest drag on its global growth forecast for two years. (AP Photo/Mahesh Kumar A.)

IMF downgrade of growth outlook ups pressure on India's Modi

Jan. 21, 2020 5:29 AM EST

NEW DELHI (AP) — A decision by the International Monetary Fund to downgrade its economic growth forecast for India is adding to pressure on Indian Prime Minister Narendra Modi over his policies. Opposition leaders and economists on Tuesday blasted the government for failing to deliver on promises to...

An employee works in a chemical fiber plant in Nantong in eastern China's Jiangsu Province, Friday, Jan. 17, 2020. China's economic growth sank to a new multi-decade low in 2019 as Beijing fought a tariff war with Washington, but forecasters said a U.S.-Chinese trade truce might help to revive consumer and business activity. (Chinatopix via AP)

IMF: Low rates and reduced trade tension to aid world growth

Jan. 20, 2020 8:25 AM EST

WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9% last year to 3.3% in 2020 and...

Cyprus repays crisis-era IMF loan ahead of schedule

Jan. 14, 2020 11:32 AM EST

NICOSIA, Cyprus (AP) — Cyprus has paid off ahead of schedule an International Monetary Fund loan that was part of a multi-billion euro financial rescue deal in 2013, the finance minister said Tuesday. Minister Constantinos Petrides said the loan's early repayment would bolster the country's credibility in...

Greece's Prime Minister Kyriakos Mitsotakis, delivers a speech during a parliament session in Athens, on Wednesday, Dec. 18, 2019. Greek lawmakers debate on the state budget for 2020. (AP Photo/Yorgos Karahalis)

Greece retains negative yield in first debt auction of year

Jan. 8, 2020 8:14 AM EST

ATHENS, Greece (AP) — Greece has raised 487.5 million euros ($544.4 million) in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year as the debt-strapped country attempts to regain full market access. The Public Debt Management Agency said the...

Greek PM says IMF to close its Athens offices within months

Jan. 7, 2020 4:06 PM EST

ATHENS, Greece (AP) — The International Monetary Fund will close its offices in Athens in coming months, a decade after it joined in a huge bailout program that kept Greece afloat, Greece's prime minister said Tuesday. Kyriakos Mitsotakis said Greece would continue to cooperate with the IMF, but "as a...

FILE - In this Nov. 5, 2019 file photo, Argentina's President-elect Alberto Fernandez gestures to supporters as he arrives to give a talk on the challenges facing Latin America, hosted by Mexico's National Autonomous University in Mexico City. Fernandez becomes president of Argentina on Tuesday Dic. 10, returning the country's Peronist political movement to power amid an economic crisis and rising poverty. (AP Photo/Rebecca Blackwell, File)

AP Explains: Peronism returns in Argentina amid crisis

Dec. 10, 2019 1:43 PM EST

BUENOS AIRES (AP) — Alberto Fernández became president of Argentina on Tuesday, returning the country's Peronist political movement to power amid an economic crisis and rising poverty. He has said that to improve the economy and calm widespread public discontent, he plans to undo the austerity...

Helped by market rates, Greece repays IMF early

Nov. 25, 2019 12:29 PM EST

ATHENS, Greece (AP) — Greece’s finance ministry says the country has completed an early repayment of loans to the International Monetary Fund worth 2.7 billion euros ($2.9 billion). The action completed Monday had received the required approval from European bailout lenders and will help Greece...