The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund (IMF), a senior EU official on Monday said. The fund will need to replace Ms Lagarde after she was nominated last week by EU leaders as the next president of the European Central Bank, … Read more
The International Monetary Fund on Friday reached an agreement with Argentina that it will allow release of the next $5.4 billion disbursement under the loan program intended to help stabilize the South American nation’s economy. The IMF board must approve the fourth review of the country’s performance under the loan deal signed last year before … Read more
The Executive Board of the International Monetary Fund (IMF) has concluded its Article IV consultation with Nigeria and called for a removal of fuel subsidy and for the Federal Government to increase its spending on the poor, as a means of reducing poverty in the country. In a statement yesterday the IMF said: “Phasing out implicit … Read more
An escalation of the United States and China trade war would drive manufacturing away from both countries and likely cause job losses, but would not change their total trade balances, an International Monetary Fund (IMF) report showed yesterday. The United States and China would see “sizable” losses in manufacturing as capacity moves toward Mexico, … Read more