WASHINGTON: The International Monetary Fund appeared to be inching toward a deal on increasing its financial firepower on Tuesday, with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone's debt crisis.
The (...)
WASHINGTON: The World Bank on Monday chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries questioning the selection process.
Kim, 52, won the job (...)
WASHINGTON: Tensions among some of the world's leading economies have boiled up over a plan to raise new resources for the International Monetary Fund to contain the euro zone debt crisis, and a quest by emerging economies to win more say in the (...)
WASHINGTON: Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on (...)
WASHINGTON: Egypt has officially requested talks with the International Monetary Fund on a possible financing program and discussions will begin on Jan. 15, an IMF spokesman said on Thursday as the government seeks to stabilize an economy hammered (...)
WASHINGTON: Egyptian authorities and the International Monetary Fund will begin talks in Cairo this week on a possible 18-month IMF loan program worth about $3 billion, an IMF source said on Tuesday.
The IMF said on Jan. 3 talks with Egypt were (...)
WASHINGTON: Egypt has not requested an International Monetary Fund financing, an IMF spokesman said on Thursday, after an Egyptian minister said the country may resume talks with the global lender on a loan program.
"The authorities have not (...)
WASHINGTON: The aftermath of the Arab Spring uprisings is at a critical juncture and needs to be managed in an orderly way so change benefits everyone, the head of the International Monetary Fund said on Tuesday.
IMF Managing Director Christine (...)
WASHINGTON: The only way to break a deadlock over how to give emerging nations more say at the International Monetary Fund is to make sure everyone walks away feeling like a winner, Egypt's finance minister and chair of the IMF's steering panel said (...)
WASHINGTON: The International Monetary Fund is working on proposals for a multibillion dollar green fund to help countries tap funds to deal with the effects of climate change, the head of the institution said on Saturday.
IMF Managing Director (...)