IMF

    • IMF: Global economic outlook 'precarious'

      IMF: Global economic outlook 'precarious'

      The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war and other factors like Brexit undercut business confidence and investment, the IMF said Tuesday. It warned that the outlook is beset by risks, and hence raised the possibility of the need for emergency action in the form of “an internationally coordinated fiscal response” if economic growth were to deteriorate further.

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    • Ecuador protesters break into Congress

      Ecuador protesters break into Congress

      Ecuadoran protesters broke into the country's Congress building on Tuesday as demonstrations over a fuel price hike introduced by President Lenin Moreno's government intensified. Demonstrators, many of them indigenous men armed with sticks and whips, surged through a security cordon. They rushed into the meeting room and occupied the podium, but were soon evicted by security forces.

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    • EU settles on World Bank's Georgieva to lead IMF

      EU settles on World Bank's Georgieva to lead IMF

      The European Union on Friday nominated Kristalina Georgieva to replace Christine Lagarde as managing director of the International Monetary Fund (IMF), ending weeks of impasse among the 28 countries. European countries had struggled to reach a consensus on who would fill the post, one of the most prominent in global economic diplomacy. Yet, after 12 hours of tense selection process Georgieva - a Bulgarian economist and current chief executive of the World Bank - emerged victorious.

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    • EU set to choose new IMF head today

      EU set to choose new IMF head today

      EU finance ministers are to vote today and choose Europe’s candidate to succeed Christine Lagarde as the next managing director of the International Monetary Fund (IMF), breaking an impasse that has divided northern and southern eurozone capitals.

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    • Pakistan to receive $6bn IMF bailout

      Pakistan to receive $6bn IMF bailout

      Pakistan and the International Monetary Fund (IMF) have agreed on terms for a $6bn bailout package, to be disbursed over a span of 39 months. The IMF said last week that the programme of structural reforms will target increasing government revenues and reducing spending, bringing down the primary fiscal deficit - which excludes development spending - to 0.6 percent of the Gross Domestic Product (GDP) in Pakistan's upcoming budget.

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    • US-China fresh tensions threaten the world economy

      US-China fresh tensions threaten the world economy

      The IMF chief Christine Lagarde said on Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy. Lagarde told journalists at a conference in Paris, entitled "Sustainable Debt for Sustainable Growth", that recent "rumours and tweets" made an agreement between the US and China less likely, news wires reported. President Donald Trump jolted global markets on Monday by threatening on Twitter that tariffs already imposed on $200bn in Chinese exports to US would more than double to 25% on Friday from their current level of 10%.

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