IMF

IMF urges Montenegro to close aluminum plant to cut debt

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PODGORICA - Montenegro should shut down the loss-making aluminum plant that is the country's biggest single industrial employer to stem a sharp rise in its public debt, the International Monetary Fund said.

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Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF

NICOSIA - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative.

17 May 2013

Central banks' actions worked, now beware reactions: IMF

WASHINGTON - Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to exit, the IMF said on Thursday.

16 May 2013

IMF sees sub-Saharan Africa growth at 5.7 percent in 2014

ACCRA - The IMF on Tuesday forecast economic growth of 5.4 percent in 2013 and 5.7 percent in 2014 for the economies of sub-Saharan Africa on the back of rising investment and booming extractive industries.

Africa 14 May 2013

Portugal bailout review completed: government

LISBON - Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro tranche of the rescue package.

Portugal, 12 May 2013

Egypt confident on IMF deal, timing of next visit unsure: minister

ISTANBUL - Egypt's new planning minister said on Saturday he was confident the country would reach a deal with the International Monetary Fund (IMF) on a $4.8 billion loan program, although the timing of its next visit to Cairo was unclear.

World, Egypt, 11 May 2013

IMF's Shinohara: current yen level appropriate given Japan PM Abe's policies

TOKYO - The current level of the yen is appropriate given the package of policies that Japanese Prime Minister Shinzo Abe is trying to pursue, a senior International Monetary Fund official said on Friday.

Japan, 10 May 2013

Cyprus foreign minister confirms Russia to extend loan terms

WASHINGTON - Russia has agreed to extend the terms of its loan to Cyprus as part of its participation in the bailout of the indebted Mediterranean country, Cyprus's foreign minister said on Thursday.

09 May 2013

IMF says plans no new visit to Egypt for now

WASHINGTON - The International Monetary Fund is not currently planning a new visit to Egypt to discuss the country's $4.8 billion loan program as it awaits new economic data and reform plans from the government, the Fund's spokesman said on Thursday.

09 May 2013

South Sudan set to pay Sudan $2 billion in oil fees by 2015: IMF

KHARTOUM - Sudan looked set to receive $2 billion in oil pipeline fees from South Sudan by the end of 2014 and should prioritize overhauling its agricultural sector with the money, the International Monetary Fund (IMF) said on Tuesday.

Africa 07 May 2013

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