Latest International Monetary Fund News

At Dubai summit, Pakistan premier warns of 'painful' reforms

Feb. 10, 2019 10:17 AM EST

DUBAI, United Arab Emirates (AP) — Pakistan's Prime Minister Imran Khan said Sunday his nation needed "painful" economic reforms to cut back on its massive debt, just after meeting the head of the International Monetary Fund, signaling the former cricketer may be willing to slash government spending for a...

The Latest: Puerto Rico says aid en route to Venezuela

Feb. 7, 2019 7:07 PM EST

CARACAS, Venezuela (AP) — The latest on Venezuela's political crisis (all times local): 8:05 p.m. Puerto Rico's government says 3,600 pounds (1,633 kilograms) worth of donated supplies are en route to Venezuela as part of a humanitarian aid mission. Officials said earlier Thursday that they had sent the...

Trump introduces World Bank critic David Malpass to lead it

Feb. 6, 2019 9:29 PM EST

WASHINGTON (AP) — President Donald Trump on Wednesday introduced David Malpass, a Treasury official he has nominated to lead the World Bank, as the "right person to take on this incredibly important job." Malpass, who is now Trump's undersecretary for international affairs at the Treasury Department, has...

IMF approves $2 billion loan payment for Egypt

Feb. 6, 2019 10:35 AM EST

CAIRO (AP) — The International Monetary Fund has lauded Egypt's robust growth and acknowledged progress in stabilizing its economy, instilling market confidence and cutting debt. The IMF said late Tuesday it approved a $2 billion loan payment to Egypt, the latest in the country's three-year aid program....

The Latest: OAS body asks that Venezuela protect Guaido

Jan. 25, 2019 11:26 PM EST

CARACAS, Venezuela (AP) — The Latest on the political crisis in Venezuela (all times local): 12:10 a.m. The Inter-American Commission on Human Rights is granting precautionary measures to protect Venezuelan opposition leader Juan Guaido and his family. The human rights body of the Organization of American...

IMF sees Greek economy accelerating in 2019

Jan. 25, 2019 12:53 PM EST

ATHENS, Greece (AP) — The International Monetary Fund said Friday it is optimistic on Greece's growth and employment prospects for this year, but urged the government to stick to reforms to maintain the momentum. In a report published following five-day talks with officials in Athens, IMF officials said...

The Latest: Official says EU needs clarity to delay Brexit

Jan. 23, 2019 1:45 PM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 6:55 p.m. The European Union's top economy official says the 27 countries that will remain EU members after Brexit can grant any request by Britain to postpone the breakup only if it comes with some...

Asian shares meander on worries over US-China trade talks

Jan. 22, 2019 11:17 PM EST

SINGAPORE (AP) — Asian markets were flat in subdued trading Wednesday as Japan reported weak export data and news surfaced of possible hiccups in China-U.S. trade talks. KEEPING SCORE: Japan's Nikkei 225 index was less than 0.1 percent higher at 20,631.54 and South Korea's Kospi rose 0.3 percent to...

World shares retreat on fears of global, Chinese slowdown

Jan. 22, 2019 7:18 AM EST

SINGAPORE (AP) — World markets fell Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020 and China said its economy grew at the slowest pace in nearly 30 years. KEEPING SCORE: Germany's DAX gave up 0.5 percent to 11,076 and France's CAC 40 was down 0.7 percent at...

Asian shares decline on concerns over global, China slowdown

Jan. 21, 2019 11:24 PM EST

SINGAPORE (AP) — Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was closed for a holiday on Monday....