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No room for bad bank, IMF says
By Angelos Anastasiou There is no room for the creation of an asset-management company (AMC) that will be funded – entirely or in part – by taxpayer money to address the issue of non-performing loans...
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IMF team providing technical assistance for post-solution Cyprus plan
The International Monetary Fund is providing technical assistance on the economic aspects of the post-settlement Cyprus, Gerry Rice of IMF`s communications department has said. Rice was asked to...
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IMF chief Lagarde to face French trial over Tapie affair (Update 1)
By Michel Rose A French court has ordered Christine Lagarde, the head of the International Monetary Fund (IMF), to face trial over her role in a payout of some 400 million euros ($434 million) to...
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Global growth will be disappointing in 2016 says IMF’s Lagarde
Global economic growth will be ‘disappointing’ next year, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing...
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Haircut battle due to kick off within weeks
By Angelos Anastasiou A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March...
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Georgiades asks lawmakers to speed up vote on reforms
By Stelios Orphanides Finance minister Harris Georgiades said that he asked the parliament to speed up the debate on reform bills pending for months and complete the procedure before the next...
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Greece accepts IMF participation in bailout plan – Dijsselbloem
By Jan Strupczewski and Francesco Guarascio Greece accepts that the International Monetary Fund has to take part in the bailout programme under which Athens receives billions of euros in loans in...
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Eurogroup full of praise for Cyprus but some obligations remain
By Elias Hazou The Eurogroup on Thursday praised Cyprus for its progress in implementing its bailout programme, but noted that the country still had a few remaining obligations toward its international...
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IMF cuts global growth forecast as China slows
By David Lawder The International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday, as new figures from Beijing showed that the Chinese economy grew at...
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Former IMF-economist from Cyprus sounds alarm on reform complacency
By Stelios Orphanides Cyprus’s society may have not learned the lessons of the crisis and risks remaining trapped in a prolonged period of slow economic growth if it does not carry out the necessary...
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IMF’s Lagarde seeks second term in shadow of court case
By Michel Rose and Andrew Callus Christine Lagarde launched her campaign for a second term as managing director of the International Monetary Fund on Friday with ringing endorsements from a host of...
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IMF makes 126.3m euros available for Cyprus after review
The International Monetary Fund is making about 126.3 million euros available for disbursement to Cyprus after completing its review of the island’s economic adjustment program, the Fund said in a...
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IMF disburses tranche, urges Cyprus to resume reforms
By Stelios Orphanides The International Monetary Fund’s executive board approved the disbursement of a €126.3m tranche of bailout money to Cyprus after completing the ninth review of the country’s...
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IMF sees Cyprus’s growth rate at 1.5% in 2016 “subject to risks”
By Stelios Orphanides The International Monetary Fund said that it expects Cyprus’s economy to grow 1.5 per cent in 2016, after expanding 1.4 per cent in 2015, before growth accelerates to 2 per cent...
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Interest reportedly shown in funding Cyprus solution
The International Monetary Fund (IMF) and World Bank have reportedly shown keen interest in funding a $25 billion agreement to the Cyprus problem, it was reported on Saturday. According to Turkish...
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Work being done on funding a positive, not negative, development, spokesman says
The Cyprus problem will not be solved through public statements, which in many cases are designed to serve other considerations, but at the negotiating table, Government Spokesman Nicos Christodoulides...
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IMF chief Lagarde goes unchallenged in bid for second term
By David Lawder Christine Lagarde was virtually assured a second term leading the International Monetary Fund on Thursday when nominations for the job closed with no challengers. The IMF said Lagarde,...
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EU-IMF workshop held on the economics of a federal Cyprus
The International Monetary Fund and the European Commission, in cooperation with the UN, have organised in Cyprus a two-day workshop on fiscal federalism, to contribute to the discussion on the...
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IMF team visits Tymbou airport
An International Monetary Fund (IMF) team has visited the Tymbou (Ercan) airport in the north, Turkish newspaper Milliyet reported on Monday. The delegation assigned to assess the financial situation...
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Greece resists IMF demands for more pension cuts, boasts better 2015...
By Angeliki Koutantou Greece cannot accept demands from the International Monetary Fund – one of its international creditors – to cut its pensions yet again in order to achieve a primary surplus target...
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