Latest Christine Lagarde News

Greece looks to repay IMF early as bond yields tumble

Apr. 15, 2019 3:44 PM EDT

ATHENS, Greece (AP) — The Greek government on Monday said it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates have tumbled to their lowest level since 2005. And Prime Minister Alexis Tsipras said he was determined to spare...

Leading finance officials acknowledge global slowdown

Apr. 12, 2019 3:58 PM EDT

WASHINGTON (AP) — Finance officials from the world's major powers acknowledged Friday that the global economy is in a slowdown, but they forecast that growth will pick up by the second half of this year, thanks to interest-rate policies from the Federal Reserve and other central banks. Officials of the...

IMF, WB ready to respond to Venezuelan humanitarian crisis

Apr. 11, 2019 4:08 PM EDT

WASHINGTON (AP) — The International Monetary Fund and the World Bank said Thursday they are ready to respond to the humanitarian crisis in Venezuela if their participation is requested. The country is suffering hyperinflation and the economy is rapidly shrinking, causing enormous hardships. Output by the...

Top IMF official warns global economy facing various threats

Apr. 11, 2019 1:23 PM EDT

WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Thursday the world is facing a time of high uncertainty with 70% of the global economy caught in a growth slowdown that could be worsened by self-inflicted wounds such as unnecessary trade battles. IMF Managing Director Christine...

IMF managing director says economy is at 'delicate moment'

Apr. 2, 2019 12:08 PM EDT

WASHINGTON (AP) — The head of the 189-nation International Monetary Fund said Tuesday the global economy is at a "delicate moment" with a hoped-for rebound in growth later this year being threatened by a variety of factors such as rising trade tensions between the world's two biggest economies. IMF...

US candidate clears big hurdle in effort to head World Bank

Mar. 14, 2019 3:11 PM EDT

WASHINGTON (AP) — The Treasury official nominated by President Donald Trump to be the next president of the World Bank has cleared a major hurdle, with nominations for the position closing with no other candidates emerging. The World Bank said Thursday that David Malpass was the only candidate put forward...

Lagarde: IMF ready to help rescue Venezuelan economy

Mar. 7, 2019 3:27 PM EST

WASHINGTON (AP) — The International Monetary Fund is ready to rescue Venezuela's economy, but the task will be so huge that it will require financial help from other international players, the head of the body said Thursday. "As soon as we are asked by the legitimate authorities of that country to come in...