The International Monetary Fund (IMF) can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financ
Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organisational issues, a finance ministry official said on Saturday.
The meetings with officials from t
The next managing director of the International Monetary Fund is likely to come from outside Europe when current leader Christine Lagarde eventually leaves, the deputy head of the Washington-based fund said in an interview broadcast on Saturday.
The multilateral development banks (MDBs) and IMF have signaled plans to extend more than $400 billion in financing over the next three years and vowed to work more closely with private and public sector partners to help mobilise the resources n
European Union (EU) and IMF officials have given euro zone governments a positive assessment of Greece's request for a new bailout, a source close to the matter said, making it likely they will agree on Saturday to open talks on lending Athe
The International Monetary Fund trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.
But the global financial institution said growth prospects for
Greece voted on Sunday on whether to accept more austerity in exchange for international aid, in a high-stakes referendum likely to determine whether it leaves the euro-currency area after seven years of economic pain.
The International Monetary Fund has warned that Greece would need an extension of its European Union loans and a potentially a large debt write-off if it grows more slowly than expected and economic reforms are not implemented.
US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt.
Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government
The International Monetary Fund reached an agreement on Friday with Iraq for a $833 million loan programme that should help the country with its finances and increase investor confidence.
The programme, which must still be reviewe