China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund (IMF) official said on Saturday.
The International Monetary Fund (IMF) said on Wednesday it will freeze its benchmark currency basket until October 2016, giving markets more time to adjust to the possible addition of China's yuan as part of a review of globa
German Chancellor Angela Merkel said that she expected the IMF to participate in a new rescue package for Greece, saying the Washington-based institution's chief Christine Lagarde had promised to lobby for this with the IMF b
For India, the timing couldn’t have been worse since this will make Chinese exports to India even more competitive and, to the extent there is competitive devaluation by others, the export market gets that much more difficu
China devalued its tightly-controlled currency on Tuesday by two per cent, the biggest one-day fall since a massive devaluation in 1994, as the world's second largest economy grappled with economic slowdown and dwindling expo
Pakistan's finance minister said on Friday that IMF staff have completed their latest economic review, a step towards approval of a further $502 million tranche of its three-year extended fund facility.
Greece Prime Minister Alexis Tsipras won backing from lawmakers on Saturday for painful reform proposals aimed at obtaining a new international bailout, but he faced a rebellion in his own party that could threaten his majori
Now that International Monetary Fund head Christine Lagarde has told the US Federal Reserve to wait to raise interest rates, the IMF staff has followed up with suggestions that the US central bank remake its communications po
Talks on ending a deadlock between Greece and its international creditors broke up in failure on Sunday, with European leaders venting their frustration as Athens stumbled closer towards a debt default that threatens its futu
“We need to ensure better financing of infrastructure projects... (Also) there have been some instances where land acquisition by stealth had led to opposition from farmers and, in turn, created opportunities for politician