Tag: IMF

Britain, Egypt, Finalise Loan Deal

Cairo (AFP) – British Foreign Secretary Boris Johnson and Egyptian President Abdel Fattah al-Sisi on Saturday finalised a $150 million loan guarantee agreement tied to crucial IMF financing for Egypt. In Johnson’s first visit as foreign secretary to Egypt, he

IMF Agrees with Donald Trump on Stagnant Economy

The dismal forecast in the latest International Monetary Fund (IMF) World Economic Outlook reads like Republican presidential nominee Donald Trump’s talking points — namely, in its analysis that “sub-par growth at recent levels risks perpetuating itself—through the negative economic and political forces it is unleashing.”

IMF Boss: Markets Got Brexit Prediction Wrong

WASHINGTON (Reuters) – Financial markets “vastly underestimated” the outcome of Britain’s vote to leave the European Union but did not panic on Friday, International Monetary Fund Managing Director Christine Lagarde said on Sunday. “There was a violent, brutal, immediate massive

IMF: Global Economy Losing Momentum

FRANKFURT, Germany (AP) — The head of the International Monetary Fund is warning that the global economy is losing momentum and urging governments to take action to preserve the recovery. Christine Lagarde said in a speech Tuesday in Frankfurt, Germany,

IMF Chief Says Greece Plan ‘Good Distance Away’ Amid Leaks Row

International Monetary Fund chief Christine Lagarde on Sunday told Greek Prime Minister Alexis Tsipras that “we are still a good distance away” in negotiations for a new deal for hard-up Athens. Her strongly worded letter to the prime minister, made

Greece

Eurozone Ministers Seek To End Greece Bailout Row

(AFP) – Eurozone finance ministers met Monday to defuse a bitter rift between top EU and IMF officials over how strictly to hold Greece to the ambitious reform commitments made as part of its bailout. The eurozone 19 ministers are

Israel Hopes for EU Leverage with East Mediterranean Push

Israel, Cyprus and Greece have agreed to deepen their energy, security and tourism ties in the Eastern Mediterranean, a deal that may have implications for Israel’s testy relationship with the European Union, too. The agreement, signed in Nicosia last week

Greek bailout

IMF Funds ‘Not Necessary’ For Greek Bailout: Tsipras

IMF funds are no longer necessary for an international bailout of Greece due to reduced loan requirements and the Washington-based lender’s “unconstructive” position, the country’s prime minister argued Monday. “I have the impression that IMF funding is not necessary” for