International Monetary Fund
A Pakistani waiter distributes free bread to impoverished men in Karachi on June 1, 2012. Pakistan's economy grew by 3.7 percent in the current fiscal year with tax collection up an 'unprecedented' 25 percent, finance Minister Abdul Hafeez Shaikh said. He unveiled the statistics one day before presenting the next budget to parliament amid concerns that Pakistan is headed towards a financial crisis unless it returns to the IMF.
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Quotes
The latest IMF data on central bank gold reserves was just released earlier today -- showing gold purchases by Mexico, Kazakhstan, Ukraine, Russia, and the Philippines. Undoubtedly, China and perhaps a few other countries bought gold but did not report their purchases to the IMF.
The latest IMF data on central bank gold reserves was just released earlier today -- showing gold purchases by Mexico, Kazakhstan, Ukraine, Russia, and the Philippines. Undoubtedly, China and perhaps a few other countries bought gold but did not report their purchases to the IMF.
As I have said many times before, I am very sympathetic to the Greek people and the challenges they are facing. That's why the IMF is supporting Greece in its endeavor to overcome the current crisis and return to the path of economic growth, jobs and stability.More quotes »
Newsday's coverage
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IMF tells Ukraine to hike gas bills for households
-- The International Monetary fund has told Ukraine it must raise gas and heating prices for households if it is to regain access to a $15.6 bailout loan from the fund.The government of President Viktor Yanukovych has been reluctant to make the unpopular move Read more »
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Premier appeals to Ireland: Vote yes to EU treaty
referendum was essential to ensure that Ireland could tap EU bailout funds in 2013, if necessary. Ireland's current EU- International Monetary Fund loans are due to run out by the end of next year, and the treaty specifies that only ratified members could Read more »
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IMF chief: I've little sympathy for Greece
Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.Making clear that the IMF has no plans to relent on its austerity requirements for Read more »
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New Dominique Strauss-Kahn rape probe launched
the allegation that Strauss-Kahn may have been involved in a rape during a sex party in the hotel while he was head of the International Monetary Fund .The married Strauss-Kahn, 63, says whatever happened was consensual, and he has denied doing anything violent. Read more »
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IMF: Italy has made remarkable progress
-- An International Monetary Fund official on Wednesday said the eurozone's third-largest economy is "on the right track" and has made notable progress in the six months since Premier Mario Monti took over.An IMF review of Italy found its reform measures have Read more »
Around the web
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Enraged Greeks round on unsympathetic Lagarde
Monetary Fund (IMF) chief Christine Lagarde's description of Greeks as rampant tax dodgers has provoked a furious reaction in Athens Greece is mired in an ever-worsening recession featuring cutbacks and tax rises. Less than a month before the crisis-hit country 50 m ago from Mail & Guardian Online Read more »
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Hungary takes more pot shots at Brussels
Gosling in Prague June 1, 2012 Just a day after the European Commission withdrew EU funding sanctions against the country, senior Hungarian officials stepped up to take pot shots at Brussels once more, casting further doubt on the Budapest's claim that it 6:30 AM from BNE | Business New Europe Read more »
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Is the India growth story over?
1 June 2012 Last updated at 06:05 ET The Indian economy grew at the slowest rate since 2003 Prepare For Worse, a newspaper warns its readers on Friday, on the back of reports that the economy has grown at its slowest pace in nine years. Goodbye 2020, Hello 6:05 AM from BBC News Read more »
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OTP Bank Drops for Third Day on Hungary Aid Delay, Chinese Data
Bank Nyrt. (OTP), the biggest lender in Hungary, fell for a third day on speculation the country’s talks with the International Monetary Fund may be further delayed and as data showed China’s manufacturing growth slowed. The stock retreated 0.4 percent to 5:24 AM from Bloomberg.com Read more »
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EUR/USD June 1 – Loses Critical Support as Spain Suffers, Before NFP
are expected to show continued gradual job gains. How low will the pair close the week? Here’s an update on technicals, fundamentals and what’s going on in the markets. Asian session: The pair consolidated the fall below 1.24 and temporarily dipped under 1.2330. 5:16 AM from Forex Crunch Read more »
