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International Monetary Fund

International financial institution

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International Monetary Fund: International financial institution
The International Monetary Fund (IMF), is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion.

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Ukraine PM says resignation letter does not affect reforms, IMF ties

Ukrainian Prime Minister Oleksiy Honcharuk said on Friday that the fact that he has submitted a letter of resignation will not affect reforms and Ukrainian cooperation with the International Monetary..
Reuters - Published

Lebanon must cooperate with IMF but needs a new government - Hariri

Lebanon must cooperate with the International Monetary Fund and World Bank over its economy, which is in deep crisis, but that should be overseen by a new government and not the current caretaker..
Reuters - Published

Videos for International Monetary Fund


India protests: Anger over job security and privatisation [Video]India protests: Anger over job security and privatisation

IMF has acknowledged India's economic slowdown and is urging government to take action.

Credit: Al Jazeera STUDIO     Duration: 02:41Published

Argentina: new government - new taxes? [Video]Argentina: new government - new taxes?

Argentina’s new government is seeking higher taxes on agricultural exports and foreign assets held abroad, as it gets set to restructure about $100 billion in debt obligations. David Pollard reports.

Credit: Reuters Studio     Duration: 01:33Published

As Juncker Prepares To Exit, Successor Eyes Luxembourg's Status As Tax Haven [Video]As Juncker Prepares To Exit, Successor Eyes Luxembourg's Status As Tax Haven

EU commissioners will discuss an IMF report that lists Luxembourg as a world-leading tax haven. It comes just days after the former leader of the Grand Duchy departs the EU executive’s helm...

Credit: Wochit News     Duration: 00:43Published

 

Bosnian lawmakers approve new government after 14-month deadlock

Bosnian lawmakers approved a new central government on Monday after a 14-month deadlock, opening the way for a resumption of reforms needed to become a candidate for EU membership and for talks on a..
Reuters - Published

Moldova, eyeing Russia loan, may 'pause' cooperation with IMF: PM

Moldova's new prime minister on Tuesday raised the possibility of a "pause" in its cooperation with the International Monetary Fund, a day after he said his ex-Soviet republic was negotiating a $500..
Reuters - Published

IMF to continue new-loan talks with Ukraine in coming weeks

The International Monetary Fund said on Saturday it will continue talks with Ukraine about a new support program in coming weeks following significant progress in discussions so far with Kiev.
Reuters - Published

IMF to release second tranche of $6 billion Pakistan loan package

(This November 8 story corrects "first" to "second" in headline, para 1)
Reuters - Published

In major reshuffle, Jordan PM moves to push IMF-led economic reforms

Jordan's Prime Minister Omar al Razzaz reshuffled a large part of his cabinet on Thursday, appointing a former palace advisor as finance minister to push forward with a mandate for economic reforms..
Reuters - Published

Ukraine moving quickly toward new IMF loan program: finance minister

Ukraine is moving quickly toward agreeing a new three-year loan program with the International Monetary Fund, Finance Minister Oksana Markarova told reporters on Tuesday, denying suggestions that talks..
Reuters - Published

Sudan agrees reforms with World Bank, IMF: finance minister

Sudan has agreed a roadmap to "rehabilitate" the country with the World Bank, International Monetary Fund and African Development Bank, its finance minister said on Thursday.
Reuters - Published

U.S. expects Argentina to uphold commitment to IMF: Mnuchin

The United States expects Argentina's incoming Peronist government to uphold the country's commitment to the terms of its $57 billion International Monetary Fund loan program, U.S. Treasury Secretary..
Reuters - Published

Argentina's Fernandez pledges to 'turn the page' as left wins power

Argentina's president-elect Alberto Fernandez vowed on Monday to 'turn the page' on the IMF-backed policies of incumbent Mauricio Macri, after voters weary of rising poverty and inflation swept the..
Reuters - Published

IMF urges Lebanon reforms, protesters keep up pressure

The International Monetary Fund said on Monday Lebanon should urgently implement reforms to restore confidence and economic stability, as protesters kept up the pressure on politicians they accuse of..
Reuters - Published

Ecuador seen with few options to 'square the fiscal circle' after scrapping subsidy cuts

Ecuadorean President Lenin Moreno's hastily ditched plan to terminate fuel subsidies put an end to days of indigenous-led protests but has left him with few good options to cleanse public accounts and..
Reuters - Published

Ecuador's indigenous re-assert influence but face obstacles to power

Ecuador's indigenous leaders, emboldened by their success in derailing IMF-backed fuel-subsidy cuts, have set their sights on high office, but experts say they face formidable obstacles - a small..
Reuters - Published

Ecuador's Moreno scraps fuel subsidy cuts in big win for indigenous groups

Ecuadorean President Lenin Moreno on Monday officially scrapped his own law to cut expensive fuel subsidies after days of violent protests against the IMF-backed measure, returning fuel prices to prior..
Reuters - Published

Ecuador's Moreno calms protests with vow to repeal fuel subsidy cuts

Ecuadorean President Lenin Moreno on Monday promised to repeal an IMF-backed decree that slashed fuel subsidies, as triumphant protesters who had agitated against it went home and the capital picked up..
Reuters - Published

Ecuador's Moreno readies repeal of fuel subsidy cuts as protesters head home

Ecuadorean President Lenin Moreno said on Monday that he would repeal a decree that slashed IMF-backed fuel subsidies "in coming hours," confirming that he had given into a key demand of protesters who..
Reuters - Published

Ecuador's Moreno says will repeal fuel subsidy cuts in coming hours

Ecuadorean President Lenin Moreno said on Monday that he will repeal a decree that slashed IMF-backed fuel subsidies "in coming hours," confirming that he had given into a key demand of protesters who..
Reuters - Published

Even if Australia raises a climate tax, it won't meet Paris targets: IMF

Australia is in danger of failing to meet its commitments for the Paris agreement, even with a carbon tax to dramatically shift its dependence away from fossil fuels.
SBS - Published

Jordan raises teachers' pay in bid to defuse nationwide strike; union unmoved

Jordan's cabinet on Saturday offered striking teachers pay hikes in a bid to end a damaging nationwide strike that has piled pressure on the debt-burdened country undergoing tough IMF-backed fiscal..
Reuters - Published

Ukraine leader orders probe after home of ex-central bank chief torched

Ukraine's president called on Tuesday for a full investigation into an arson attack that has raised political tensions in a dispute over the IMF-backed nationalization of the country's largest lender..
Reuters - Published

Ukraine wants settlement with former PrivatBank owner: newspaper

Ukraine's president wants a settlement with the former owner of PrivatBank, Prime Minister Oleksiy Honcharuk told a newspaper, potentially derailing the IMF-backed nationalization of the country's..
Reuters - Published

World Bank's Georgieva sole candidate to lead IMF, Fund says

The International Monetary Fund said on Monday that World Bank chief executive Kristalina Georgieva will be considered as the sole candidate to be the next IMF managing director following the close of..
Reuters - Published

IMF meets with Argentina opposition candidate

A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October's presidential election, according to a spokesman for Fernandez.
Reuters - Published

Argentina's Macri says IMF team coming next week

Argentine President Mauricio Macri said on Thursday that a team from the International Monetary Fund would arrive in Argentina next week.
Reuters - Published

Argentina´s Fernandez says country will struggle to repay IMF loan, must renegotiate

The Argentine opposition candidate, Alberto Fernandez, said that the country would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate..
Reuters - Published

Factbox: Argentina's Fernandez could review IMF deal, impose capital controls

A resounding victory by Argentina's center-left opposition leader Alberto Fernández in Sunday's primary election alarmed investors with the prospect he could roll back President Mauricio Macri's..
Reuters - Published

EU settles on World Bank's Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

World Bank's Georgieva to relinquish duties during IMF nomination period

World Bank Chief Executive Officer Kristalina Georgieva said on Friday that she will temporarily relinquish her World Bank responsibilities after being nominated as a candidate to lead the..
Reuters - Published

Georgieva emerges as EU's candidate for IMF head

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

Bulgaria's Georgieva climbs from communism to IMF head hopeful

Bulgarian economist Kristalina Georgieva has been named European candidate to lead the International Monetary Fund after years of experience at its twin organization the World Bank.
Reuters - Published

No EU candidate gets required majority for IMF nomination: source

A majority of European Union governments gave their support to Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund, but she failed to reach a large enough majority to..
Reuters - Published

EU to choose between Dijsselbloem, Georgieva, for IMF; Rehn quits

European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a field narrowed to just two, Dutchman Jeroen Dijsselbloem and Bulgaria's Kristalina..
Reuters - Published

Finland's central banker Rehn pulls out from IMF chief vote

Finnish central bank governor Olli Rehn, an European Central Bank's board member, on Friday pulled out from the vote between EU leaders to choose a European candidate to lead the International Monetary..
Reuters - Published

EU race to nominate IMF head narrows to two as Finland's Rehn pulls out

European Union governments are set to choose on Friday the bloc's candidate to lead the International Monetary Fund between Dutchman Jeroen Dijsselbloem and Bulgaria's Kristalina Georgieva, a French..
Reuters - Published

EU race for IMF chief down to three as Spain's Calvino quits

European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a list of three names, after two candidates pulled out of the race, but divisions could..
Reuters - Published

Spain says Calvino out of race for IMF head

Spain's Economy Minister Nadia Calvino is no longer a candidate for the top job at the International Monetary Fund, a government spokeswoman said on Friday, citing the need to find a common European..
Reuters - Published

Ukraine president submits law criminalizing illicit enrichment

Ukraine's president has submitted a draft law to parliament criminalizing illicit enrichment by officials, a condition for receiving support from the International Monetary Fund, the parliament website..
Reuters - Published

Lagarde's ECB nomination thrusts IMF into early succession race

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war..
Reuters - Published

Lagarde to rely on political skill to overcome shortcomings at ECB

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde will face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

EU leaders' tentative deal on top jobs hits opposition in parliament

French President Emmanuel Macron sought to break a deadlock over the EU's top jobs on Tuesday by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

Lagarde seen in pole position to replace ECB's Draghi

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde would face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

Macron proposes Lagarde to head ECB in push to end EU jobs deadlock

President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

France and Germany eye Lagarde for ECB and Von der Leyen for EC president: sources

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement..
Reuters - Published

IMF's Lagarde says Israel-Palestinian peace needed to draw lasting MidEast investment

An Israeli-Palestinian peace deal is needed to bring lasting investment to the Middle East region, the International Monetary Fund's head said on Wednesday.
Reuters - Published

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