IMF/World Bank

IMF’s Lagarde has no doubts about European debt relief for Greece

IMF head Christine Lagarde. Photo: AP

IMF Managing Director Christine Lagarde said she is confident about Europe’s commitment to provide further debt relief to Greece if the debt-burdened euro zone country abides by the conditions of its bailout.

Friday, 2 August, 2013, 10:02am

IMF says ’imperative’ for euro zone to revive growth

European leaders meet to discuss the region’s surging unemployment on July 3. The IMF has urged euro zone leaders to concentrate on the urgent need to bring down the jobless rate. Photo: EPA

The euro zone must take coordinated action to revive economic growth, the International Monetary Fund (IMF) said in a strongly worded statement that cited the need to repair bank balance sheets, advance a banking union and support demand.

9 Jul 2013 - 10:42am

IMF tells Italy: press reforms, create youth jobs

 Former premier Silvio Berlusconi plans to abolish a property tax which the IMF is urging the Italian government to retain. Photo: EPA

The International Monetary Fund has pressed Italy to do more about “unacceptably high” unemployment, especially among young people and women, and urged it to bring back an unpopular property tax whose return could threaten the survival of Premier Enrico Letta’s coalition government.

5 Jul 2013 - 2:19pm

Lagarde hopes Europe will ’one day’ appreciate IMF

IMF boss Christine Lagarde says the institution should be judged over the long term, citing its work in the Asian crisis as an example. Photo: AP

IMF chief Christine Lagarde hopes the new Greek government “will hold” and that “one day” the Fund’s work in Europe, currently the target of criticism, will be appreciated, she said in an exclusive interview Thursday with AFP.

28 Jun 2013 - 2:19pm

World Bank watching US Fed, ready to respond

Markets are increasingly concerned that the US Federal Reserve is considering when to choke off its stimulus programme, which has pumped US$85 billion into the system a month. Photo: AFP

The World Bank is concerned about the spillover effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday.

20 Jun 2013 - 12:55pm

World growth still too slow to generate jobs: IMF

World growth still too slow to generate jobs: IMF

The world economy is not growing fast enough to generate jobs for millions who have become unemployed due to the financial crisis but it is gaining strength gradually, a top IMF official said.

2 May 2013 - 11:38am

Cyprus MPs to debate ’difficult’ bailout deal

Cyprus’s Finance Minister, Haris Georgiades, has warned that the tiny Mediterranean island could be forced out of the euro if it doesn’t approve a bailout. Photo: AFP

The Cypriot parliament begins a debate later on Tuesday on a 10-billion-euro (HK$101.5 billion) EU-IMF bailout which Finance Minister Haris Georgiades has described as a tough but necessary measure that has to be ratified without delay.

30 Apr 2013 - 12:03pm

China’s IMF boycott ‘a sign of things to come’

World delegates meet in Tokyo for IMF and World Bank meetings. China's foreign minister pulled out last week. Photo: EPA

China’s top level boycott of global financial meetings in Japan this week is a sign of things to come, analysts say, as an economically emboldened Beijing shows struggling Western nations it doesn’t need to play by their rules.

29 Aug 2013 - 4:13am

US Fed chief Bernanke defends monetary easing against global criticism

The US central bank’s monetary easing measures help "support the global economy as well”, said US Federal Reserve chief Ben Bernanke in Tokyo. Photo: AFP

The head of the US Federal Reserve on Sunday defended the central bank’s monetary easing measures after criticism that stimulus was to blame for destabilising capital flows around the world.

29 Aug 2013 - 4:13am

China economy to dodge hard landing: IMF

Christine Lagarde at the annual meeting of the IMF and World Bank. Photo: AFP

The IMF on Friday all but ruled out a hard landing for China’s slowing economy, saying it would expand despite increasing headwinds from battered markets in Europe and the United States.

12 Oct 2012 - 8:50pm