OPEC tells IMF that oil price rally mainly due to geopolitics
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the…
By Alex Lawler LONDON – OPEC told the International Monetary Fund’s steering committee on Thursday that the surge in oil prices was largely due to the Ukraine crisis, in the…
By Andrea Shalal WASHINGTON – Governments must target fiscal support to vulnerable populations hit hardest by rising energy and food prices, and now facing growing food insecurity as a result…
By Pete Schroeder and Michelle Price WASHINGTON – Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial…
WASHINGTON – The world is on a path to a more multipolar world given the rise of emerging markets in the global economy, but it would be disastrous if the…
By Devjyot Ghoshal and Uditha Jayasinghe COLOMBO – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles…
BRASILIA – Russia has asked Brazil for support in the International Monetary Fund, the World Bank and the G20 group of top economies to help it counter crippling sanctions imposed…
WASHINGTON – The International Monetary Fund said its executive board on Wednesday approved the creation of a new facility to help low-income and vulnerable middle-income countries deal with longer-term challenges…
WASHINGTON – Ukraine’s finance ministry on Monday welcomed the creation of a special new account set up by the International Monetary Fund to give bilateral donors and international organizations a…
By Andrea Shalal WASHINGTON – Sharply higher global food and energy prices due to the war in Ukraine are hitting poor countries, and better mechanisms for dealing with sovereign debt…
By Leika Kihara TOKYO -The International Monetary Fund (IMF) cut Japan’s economic growth forecast on Thursday and urged policymakers to consider preparing a contingency plan in case the Ukraine crisis…
WASHINGTON – Countries around the world should provide $15 billion in grants this year and $10 billion a year thereafter to manage the long-term risks of COVID-19, the International Monetary…
ATHENS – Greece has paid off the final tranches of bailout loans owed to the International Monetary Fund earlier than expected, the finance ministry said on Monday. Greece has received…
By Lefteris Papadimas ATHENS – Greece’s economy is expected to expand 3.5% this year due to higher energy prices and the Ukraine crisis, the International Monetary Fund said on Friday,…
WASHINGTON – Achieving a “soft landing” for the U.S. economy amid new inflationary pressures prompted by Russia’s invasion of Ukraine will be a challenging task for the Federal Reserve and…
WASHINGTON – The International Monetary Fund will initiate discussions with Sri Lankan authorities on a possible loan program in coming days, IMF spokesperson Gerry Rice said on Thursday, as the…
(Reuters) – Financial sanctions imposed on Russia threaten to gradually dilute the dominance of the U.S. dollar and could result in a more fragmented international monetary system, Gita Gopinath, IMF’s…
By Andrea Shalal WASHINGTON – The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a “major…
By Uditha Jayasinghe and Devjyot Ghoshal COLOMBO/NEW DELHI – Sri Lanka will seek World Bank assistance to stave off a severe economic crisis in addition to an International Monetary Fund…
CAIRO -Egypt has asked for the International Monetary Fund’s support to implement a comprehensive economic programme, the IMF said on Wednesday. Continued exchange rate flexibility would be essential to absorb…
BELGRADE – The war in Ukraine is expected to weigh on Serbia’s economy, presenting global problems such as supply chain disruptions and higher commodity prices, the International Monetary Fund said…
WASHINGTON – The International Monetary Fund’s executive board will meet on March 25 to discuss Argentina’s request for a debt deal, an IMF spokesman said on Saturday. Argentina’s Senate voted…
WASHINGTON – The International Monetary Fund on Thursday said it was having constructive, ongoing discussions with Pakistan as part of a seventh program review of a $6 billion rescue package.…
WASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market…
NEW YORK – The poorest will be the hardest hit across Latin America and the Caribbean by the economic fallout from Russia’s invasion of Ukraine, with the region facing further…
TOKYO – Japan will work closely with G7 advanced economies to prevent Russia from tapping loans from the International Monetary Fund and other international lenders, Prime Minister Fumio Kishida said…