Tag: International Monetary Fund (IMF)
Creditors agree terms to disburse Greece’s 8.5bn bailout funds
EU and IMF thrash out deal following months of disagreements, with funds to be released in July once European parliaments ratify the deal. For the best part of a decade, Greece has wanted to become a normal country, and late on Thursday it appeared to begin that process, after creditors agreed to disburse 8.5bn (7.4bn) […]
No bailout funds for Greece as eurozone finance chiefs fail to agree deal
IMF and eurozone states fail to bridge divide over Greek debt relief raising prospect of a summer crisis for the single currency if Athens misses repayment. Eurozone finance ministers have failed to agree a debt relief plan for Greece, raising the prospect of a summer crisis for the single currency bloc if Athens misses a […]
Brexit, low growth and the spectre of protectionism stalk an IMF in sombre mood
For bank governors and ministers heading to this weeks annual meeting in Washington, the UKs immediate prospects will be a rare bright spot. We pick the five areas causing most concern. For chancellors of the exchequer, annual International Monetary Fund meetings have not always been the happiest of occasions. Heading there in early October 2008, […]
IMF warns Italy of two-decade-long recession
Eurozones third biggest economy may not recover from 2008 financial crash until mid-2020s, according the funds annual report The fragile state of Italian banks in the fraught post-Brexit financial climate has been highlighted by the International Monetary Fund, in a stark warning that the eurozones third biggest economy will have suffered for almost two decades […]
Eurozone officials hope to give Greece next tranche of bailout
Greeces creditors are still at odds over whether the recession-hit country has taken enough measures to unlock delayed 10bn of bailout funds European officials are preparing to unlock 10bn in bailout money for Greece, as an ongoing row between the countrys creditors threatens to plunge the eurozone back into crisis. Greeces international creditors remain deadlocked […]