WASHINGTON, D.C., UNITED STATES (SEPTEMBER 18, 2017) (IMF TV) – Bank of England Governor Mark Carney said on Monday (September 18) that Brexit is likely to hurt Britain’s growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. Continue reading
International Monetary Fund Managing Director Christine Lagarde says she is more positive about global economy this year than in 2016.
French judges have found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro state arbitration payout to a business tycoon in 2008 when she was French finance minister. Rosanna Philpott reports.
International Monetary Fund chief Christine Lagarde stands trial for her role in a 400 million euro payout as French finance minister in 2008 to businessman Bernard Tapie, at the Cour de Justice de la Republique, saying she is confident she has done nothing wrong. Mia Womersley reports. Continue reading
IMF chief Christine Lagarde is to go on trial for her role in a 400 million euro ($425 million) state payout to businessman Bernard Tapie in 2008 when she was France’s finance minister.
Zimbabwe’s fragile economic situation is lurching towards fresh depths amid indications that United States dollar denominations are disappearing from circulation. The development has triggered speculation of a conspiracy to wipe out US dollar notes to pave way for the planned introduction of bond notes, a local currency by the government. Last week Zimbabwe cleared its 15-year-old financial arrears with the International Monetary Fund, a first step towards a new IMF loan program for the cash-starved country.
JOHANNESBURG Aug 30 (Reuters) – Zambia plans to cut subsidies as agreed with the International monetary Fund, with talks on an aid package at an advanced stage, a presidential spokesman said on Tuesday.
HONG KONG/LONDON, August 25 (Fitch) – The opposition’s decision to challenge the result of Zambia’s recent presidential elections will delay agreement on IMF support, although we think a programme is still likely after groundwork was laid earlier this year, Fitch Ratings says.
Copper slide, unemployment heightens economic pressure.
Pre-election violence, court challenge could delay aid.
Zambia wary of conditions linked to Chinese investment.
Law bars inauguration while court challenge pending.
Lungu won 50.35 pct against 47.63 pct for Hichilema
Main opposition party to dispute outcome in court
Lungu says ‘no time for honeymoon’ to rebuild economy