Latest Imf News

Delegates arrive for an International Monetary and Financial Committee (IMFC) plenary session during the IMF and World Bank spring meetings in Washington (Reuters)

Finance leaders issue sombre assessment

World finance leaders issued a sombre assessment on Saturday of the global economy, saying the recovery remains uneven with growth and jobs in short supply.

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A man transfers money using a Bank of Cyprus ATM (Reuters)

Cyprus allows limited money transfers

Cyprus' finance ministry has further loosened restrictions on access to accounts in the country's two biggest lenders by allowing limited, bank-to-bank money transfers.

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Depositors wait for the opening of a branch of Laiki Bank in Nicosia (Reuters)

No restrictions on Cyprus card transactions

Cyprus' central bank tried to kick-start spending in a country left reeling by a 10-day bank closure and financial near-collapse by telling Cypriots Friday that there were no limits on domestic debit and credit card transactions.

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Thousands of bank employees protest outside the Finance Ministry in Nicosia (Reuters)

Cyprus racing to get alternative rescue plan

Politicians in Cyprus were racing Saturday to complete an alternative plan raising funds necessary for the country to qualify for an international bailout, with a potential bankruptcy just three days away.

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IMF's approval pleases Government

The Government is welcoming an International Monetary Fund report which approves its economic recovery programme.

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The rebuilding effort in the wake of the Canterbury earthquakes will help spur the economy

NZ's economy tipped to grow

New Zealand's economy is being tipped to grow at a faster rate than Australia next year.

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International Monetary Fund (IMF) Managing Director Christine Lagarde (Reuters)

IMF warns of 'acute stress' in Europe

The head of the International Monetary Fund has warned that the euro is under "acute stress" and piled pressure on Germany by advocating a series of measures to pull Europe out of its crisis that its Chancellor Angela Merkel has strenuously opposed.

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NZ raises IMF commitment to $NZ4.1 billion

New Zealand is committing to lend the International Monetary Fund another $1.26 billion in the event of global economic turmoil.

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Finance Minister Bill English (file pic)

IMF backs govt's economic plan - English

The IMF's latest report on NZ confirms its support for the government's plan to return to surplus in 2014/15, according to Bill English.

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New Zealand's economy continues to grow at a modest pace (file pic)

NZ dollar should be 15% lower, IMF says

The kiwi dollar needs to be 15 per cent lower to bring the nation's current account deficit to a more sustainable level, says the IMF.

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The President of Malawi Joyce Banda (Reuters)

IMF agrees to give Malawi $157 million

The International Monetary Fund and Malawi have agreed to a $157 million aid package to be distributed over three years to support the country's economy, an IMF official said.

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International Monetary Fund managing director Christine Lagarde (Reuters)

IMF: UK must do more to boost economy

The International Monetary Fund has issued a tough assessment of UK economic policy, urging the coalition government and Bank of England to do more to boost demand in the economy.

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Germany's top central banker Jens Weidmann (Reuters)

ECB officials resist nudge from IMF, US

Officials from the European Central Bank are pushing back against calls from the United States and the International Monetary Fund to offer more support to the struggling economies of the 17 countries that use the euro and indebted governments.

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IMF urges bold changes in Europe

The International Monetary Fund, armed with a replenished arsenal containing billions of dollars to battle Europe's lingering debt crisis, now must press governments in the eurozone to carry out bold changes to reassure nervous financial markets and avert sending the crisis into a more dangerous phase.

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