Latest International Monetary Fund News

IMF-World Bank ends meetings with call to brace for risks

Oct. 13, 2018 4:55 AM EDT

NUSA DUA, Indonesia (AP) — Global financial leaders wrapped up an annual meeting of the International Monetary Fund and World Bank on Saturday by urging countries to brace for potential risks from trade disputes and other tensions. The meetings in Bali, Indonesia, this week were overshadowed by a spate of...

The Latest: IMF's Lagarde planning to attend Saudi meeting

Oct. 13, 2018 3:55 AM EDT

NUSA DUA, Indonesia (AP) — The Latest on the annual meeting of the International Monetary Fund and World Bank in Bali, Indonesia (all times local): 3:55 p.m. The managing director of the International Monetary Fund, Christine Lagarde, has said she still intends to attend an investment conference in Saudi...

Indonesian president says trade wars too destructive

Oct. 12, 2018 5:18 AM EDT

NUSA DUA, Indonesia (AP) — Indonesian President Joko "Jokowi" Widodo added to a chorus of criticism Friday over trade friction between the U.S. and China, telling financial leaders gathered in Bali, Indonesia, that victory in a trade war would be pointless in a "sinking world." Widodo's comments at the...

Child hunger 'serious' in India while its economy grows fast

Oct. 12, 2018 4:17 AM EDT

NEW DELHI (AP) — A global hunger index has been released showing about 20 percent of Indian children under age 5 suffer from acute under-nutrition in the same week the International Monetary Fund projected India to be the world's fastest-growing economy, exposing stark contrasts in the South Asian country....

IMF team to visit Pakistan after request for bailout loans

Oct. 11, 2018 10:36 AM EDT

ISLAMABAD (AP) — The head of the International Monetary Fund said Thursday that it will send a team to Pakistan in the coming weeks after the government requested emergency bailout loans. IMF Managing Director Christine Lagarde confirmed that Pakistan had requested the loans after meeting with Finance...

The Latest: Southeast Asian leaders affirm free trade goals

Oct. 11, 2018 8:45 AM EDT

NUSA DUA, Indonesia (AP) — The Latest on the IMF-World Bank annual meeting (all times local): 8:40 p.m. Leaders of the Association of Southeast Asian Nations have reaffirmed their commitment to open trading systems that have underpinned their economic growth. The leaders met Thursday in Bali, Indonesia, on...

As markets swoon, finance chiefs urge US, China to cool it

Oct. 11, 2018 8:02 AM EDT

NUSA DUA, Indonesia (AP) — The heads of the World Bank and IMF appealed Thursday to the U.S. and China to cool their dispute over technology policy and play by world trade rules, as tumbling share prices drove home potential perils from a clash between the world's two biggest economies. Global economic...

Global shares mixed in muted trading amid growth fears

Oct. 10, 2018 7:03 AM EDT

TOKYO (AP) — Global stocks were mixed in muted trading Wednesday amid ongoing worries about trade tensions and slowing global economic growth. KEEPING SCORE: France's CAC 40 shed 0.5 percent to 5,293, while Germany's DAX fell the same rate 11,933. Britain's FTSE 100 was flat after some upbeat economic...

Asian shares mixed in muted trading amid growth worries

Oct. 9, 2018 11:01 PM EDT

TOKYO (AP) — Asian shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.2 percent to 23,414.43 in early trading, while Australia's S&P/ASX 200 inched up nearly 0.1 percent to...

Pakistan's currency plunges as it seeks IMF loan

Oct. 9, 2018 11:12 AM EDT

ISLAMABAD (AP) — Pakistan's currency plunged by about 7 percent on Tuesday after the government said it would seek emergency bailout loans from the International Monetary Fund. The Pakistani rupee briefly weakened to 138 to the dollar on Tuesday before settling at 133.6. The rupee was trading at 124.3 at...