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German conservative euro-MP breaks ranks over IMF role in Greek bailout

BERLIN IMF participation is no longer crucial for Greece's bailout program, a German euro-lawmaker close to Chancellor Angela Merkel said on Thursday, breaking ranks with Berlin's official line that the program would end if the Fund pulled out.

In Ghana, post-election fiscal crunch is politics as normal

ACCRA Ghana's President Nana Akufo-Addo has taken power with ambitious plans to revive once spectacular economic growth, only to discover a $1.6 billion hole in the budget and a deficit twice as high as expected. He may have a strong sense of deja vu.

World, Africa Feb 15 2017

IMF's Lagarde says worried about European elections

DUBAI International Monetary Fund Managing Director Christine Lagarde said on Sunday that she was worried about the result of looming elections in Europe, though she insisted the euro zone was making progress in resolving its economic problems.

World, Feb 12 2017

Euro zone, IMF agree on a common stance on Greece: official

BRUSSELS Euro zone lenders and the International Monetary Fund have reached agreed between themselves to present a common stance to Greece later on Friday in talks on reforms and the fiscal path Athens must take, euro zone officials said.

Greece Feb 10 2017

IMF boosts U.S. growth forecasts on Trump spending, tax plans

WASHINGTON The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets.

Jan 16 2017

IMF upgrades China growth estimate on stimulus, downgrades India after cash crunch

BEIJING The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus.

China Jan 16 2017

Jordan's king reshuffles cabinet amid growing security, economic challenges

AMMAN Jordan's King Abdullah reshuffled his cabinet on Sunday but retained Hani Mulki as prime minister with more scope to face Islamist militants and to press ahead with unpopular IMF-mandated reforms to cut rising public debt.

World, Jan 15 2017

Immigration boosts wealth, does not increase inequality: IMF

BRUSSELS Immigration has a generally positive economic impact on receiving countries but the benefits depend on how well the migrants are integrated, the International Monetary Fund's First Deputy Managing Director David Lipton said on Monday.

World, Jan 09 2017

U.S. dollar share of global currency reserves slips in third quarter

WASHINGTON The U.S. dollar's share of currency reserves reported to the International Monetary Fund slipped in the third quarter of 2016 to its lowest level in two years, data from the IMF showed on Friday.

Dec 30 2016

Lagarde keeps IMF job, escapes penalty after negligence conviction in France

PARIS/WASHINGTON International Monetary Fund chief Christine Lagarde escaped punishment and kept her job on Monday despite a conviction on negligence charges over a state payout made while she served as France's finance minister in 2008. | Video

World, Dec 19 2016