Latest International Monetary Fund 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...

Finance officials pledge cooperation, but tensions persist

Apr. 14, 2019 12:45 AM EDT

WASHINGTON (AP) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out of its current slowdown, but tensions persist between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International...

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...

Global shares turn higher on Brexit delay hopes

Apr. 10, 2019 7:31 AM EDT

TOKYO (AP) — Stocks turned higher in European trading on Wednesday on hopes that European Union leaders could grant the United Kingdom another extension for its departure from the bloc and avoid a messy no-deal Brexit. France's CAC 40 rose 0.4% to 5,459 and Germany's DAX also gained 0.4%, to 11,903....

Asian shares fall amid global tensions, worries about growth

Apr. 9, 2019 10:59 PM EDT

TOKYO (AP) — Asian shares fell Wednesday following a slide on Wall Street amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth. Japan's benchmark Nikkei 225 dropped nearly 0.8% in morning trading to 21,635.16. Australia's S&P/ASX 200 slipped nearly...

IMF forecast: Global growth will weaken this year to 3.3%

Apr. 9, 2019 11:18 AM EDT

WASHINGTON (AP) — The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That...

IMF forecast: Global growth will weaken this year to 3.3%

Apr. 9, 2019 9:01 AM EDT

WASHINGTON (AP) — The International Monetary Fund is downgrading its outlook for growth in the United States, Europe, Japan and the overall global economy and points to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would...

Trump's pick to head the World Bank wins election

Apr. 5, 2019 4:29 PM EDT

WASHINGTON (AP) — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. Malpass was approved unanimously by the bank's 25-member executive board. He will begin a five-year term next Tuesday succeeding Jim Yong Kim, an ...