'Multiple and intertwined risks' cloud outlook for the Middle East and its neighbors, IMF says 

Oil producing countries in the Middle East could benefit from higher crude prices in 2019, but regional uncertainties weigh on growth. A new report from the International Monetary Fund encouraged countries in the MENAP region to introduce more reforms that would diversify their economies away from oil. Rising oil prices could weaken the resolve of oil exporters to continue reforms. […]

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Heads of World Bank, IMF say risks of trade tensions growing

International Monetary Fund (IMF) Managing Director Christine Lagarde attends a news briefing after the Third Round Table Dialogue in Beijing, Tuesday, Nov. 6, 2018. (Thomas Peter/Pool Photo via AP) Leaders of the World Bank, International Monetary Fund and other global financial organizations warned Tuesday that trade tensions pose a growing risk for emerging economies. Continue Reading Below With the U.S. […]

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IMF says Iran should safeguard stability in face of U.S. sanctions

WASHINGTON (Reuters) – The International Monetary Fund said on Thursday that Iran should implement policies to safeguard its macroeconomic stability in the face of reimposed U.S. sanctions that will cut Iranian economic growth by reducing oil exports. IMF spokesman Gerry Rice also told a regular media briefing that the Fund was urging Iran to strengthen its anti-money laundering and anti-terrorism […]

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IMF increases Argentina financing deal to $56.3 billion

WASHINGTON/BUENOS AIRES (Reuters) – The International Monetary Fund on Friday increased the size of a standby financing agreement for Argentina to $56.3 billion in a deal that toughens previously agreed fiscal measures. Argentina’s President Mauricio Macri agreed to a $50 billion IMF deal in June, hoping it would stop a run on the country’s peso currency.     But the peso […]

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The Impact of China Devaluing the Yuan

On August 11, 2015, the People’s Bank of China (PBOC) surprised markets with three consecutive devaluations of the yuan renminbi or yuan (CNY), knocking over 3% off its value. Since 2005, China’s currency had appreciated 33% against the U.S. dollar, and the first devaluation marked the largest single drop in 20 years. While the move was unexpected and believed by many to be […]

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World's central bankers feel the heat as populists demand easy fix

NUSA DUA, Indonesia/FRANKFURT (Reuters) – Central bankers from the United States to Europe are coming under pressure from their governments to loosen their purse strings again as a decade of accelerating economic growth and booming markets fueled by cheap cash comes to an end. For 10 years since the global financial crash of 2008, the Federal Reserve and other central […]

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Fed official says rate hikes 'right course' for U.S. monetary policy

NUSA DUA, Indonesia (Reuters) – The U.S. Federal Reserve does consider the impact of interest rate hikes on emerging markets when setting policy, but the increases are the “right course of domestic policy” for the world’s largest economy, said a top Fed official on Saturday. The comments by Fed Vice Chair Randal Quarles came as some emerging markets face increasing […]

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IMF members pledge to avoid using currencies as trade weapon

NUSA DUA, Indonesia (Reuters) – The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions and higher borrowing costs threatened to knock global growth. The agreement came as U.S. Treasury Secretary Steve Mnuchin reiterated his concern over the yuan’s weakening against the dollar – […]

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G20 chair says trade tensions must be solved by countries involved

NUSA DUA, Indonesia (Reuters) – Tensions remained among the G20 group on trade that must be solved among countries directly involved, said Nicolas Dujovne, chairman of the group’s finance leaders’ meeting. “We recognize we are now facing trade tensions among members of the G20,” Dujovne, Treasury Minister of this year’s G20 chair Argentina told a news conference on Friday. “Part […]

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