Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access to banking services, said Christine Lagarde, IMF managing director.
Islamic finance has also shown its value in infr
Qatar’s growth could accelerate from 4 percent in 2014 to above 4.5 percent this year and next, supported by a large public infrastructure program and opening of a new natural gas field, said Christine Lagarde, IMF managing director.
International Monetary Fund (IMF) managing director Christine Lagarde said on Thursday she is open to serving a second term at the helm of the global lender.
Lagarde's term runs out in mid-2016 and she has
The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview.
"We are in a recover
Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund (IMF) said in Jakarta on Wednesday.
"What has been de
The GCC economies have been amongst the best performing in the world in recent years, and are expected to grow 4.5 per cent in 2014-15, said Christine Lagarde, managing director of the International Monetary Fund (IMF).
IMF chief Christine Lagarde urged Arab countries going through democratic change to phase out costly subsidy systems on Monday, but drew a cautious response from regional finance ministers wary of the social impact of such steps.
Kuwait should contain current expenditures such as the public sector wage bill and generalised subsidies, and find ways to enhance non-oil revenues, to overcome the risk from eroding buffers, said a top official.
The challenges ca
The International Monetary Fund is ready to work with Egyptian authorities to help stabilise the country's economy, IMF chief Christine Lagarde said, citing discussions that have been ongoing for the past year and a half.
The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that "remains too weak" and adjusting stimulus policies with care so that recovery is not derailed by volatile financial mar