International Monetary Fund - updates

Rappler's latest stories on International Monetary Fund

ARTICLE FINDER

Going green, trade war challenge world auto industry – IMF

Oct 16, 2019 - 1:00 PM

'Near-term prospects for the [auto] industry remain sluggish,' says the International Monetary Fund

(FILES) In this file photo taken on November 1, 2017 shows a Chinese employee working on a production line of automobiles at a factory in Changchun in China's northeastern Jilin province. - There is trouble on the horizon for the global auto industry, which faces new European anti-pollution standards, shrinking Chinese tax breaks and rising trade barriers, according to the International Monetary Fund.In a report published October 15, 2019 on the global economy, the IMF casts a glance at this manufacturing sector, which is confronting a fundamental transition: "decarbonization."The industry contracted last year for the first time since the global financial crisis began, contributing to the current global economic slowdown."Near-term prospects for the industry remain sluggish, and efforts to decarbonize pose a fundamental challenge in the medium term," the report said.Auto manufacturing -- which accounts for 5.7 percent of global GDP and eight percent of goods trade -- shrank by 1.7 percent last year by volume of vehicles produced, according to the IMF.In China, the world's largest auto market, auto sales fell by three percent, their first decline in 20 years. Similar declines were recorded in Germany, Italy and Britain. In the United States, sales have continued to rise, but only slightly. (Photo by STR / AFP) / China OUT

IMF sharply cuts Iran, Saudi growth forecasts for 2019

Oct 16, 2019 - 12:15 PM

The International Monetary Fund expects Iran's economy to contract by a massive 9.5% in 2019, while the growth forecast for Saudi Arabia is cut to just 0.2%

IMF cuts 2019, 2020 eurozone growth outlook as Germany lags

Oct 16, 2019 - 10:55 AM

The International Monetary Fund says Germany, Europe's biggest economy, is laid low by a slumping auto market

IMF trims 2019 China growth forecast as U.S. tariffs bite

Oct 16, 2019 - 9:15 AM

The International Monetary Fund now expects China's economy to grow 6.1% in 2019, instead of the 6.2% previously forecast

Construction workers buy snacks at a food stall in Beijing's central business district on January 18, 2019. - China's economy grew at its slowest pace in almost three decades in 2018, analysts in an AFP poll said on January 18, as the government struggles to contain ballooning debt and a bruising trade war with the United States. (Photo by GREG BAKER / AFP)

Global economic outlook 'precarious,' no room for mistakes, IMF warns

Oct 15, 2019 - 11:34 PM

The US-China trade war alone is estimated to shrink the world economy by 0.8% in 2020, the International Monetary Fund says

GLOBAL ECONOMY. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

New IMF chief Georgieva says world suffering 'synchronized slowdown'

Oct 08, 2019 - 11:28 PM

Kristalina Georgieva also calls for a ramp-up in carbon taxes to address the other challenge facing the global economy: climate change

IMF. New IMF Managing Director Kristalina Georgieva, speaks about the key issues to be addressed at the upcoming IMF / World Bank Annual Meetings, at the International Monetary Fund headquarters on October 8, 2019 in Washington, DC. Photo by Mark Wilson/Getty Images/AFP

Kristalina Georgieva named IMF managing director

Sep 26, 2019 - 4:10 PM

'It is a huge responsibility to be at the helm of the IMF at a time when global economic growth continues to disappoint, trade tensions persist, and debt is at historically high levels,' says Kristalina Georgieva

Newly selected International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks at a press conference at the IMF headquarters on September 25, 2019, in Washington. - The IMF on Wednesday formally selected Georgieva of Bulgaria to be only the second woman to lead the 189-member institution. (Photo by Eric BARADAT / AFP)

IMF tells Trump: It's not working

Aug 22, 2019 - 10:31 AM

In unusually blunt language, the IMF blog post says US policy moves are counterproductive, won't achieve the desired results, and will slow the global economy

NOT WORKING. File photo of US President Donald Trump. Photo by Saul Loeb/AFP

IMF slashes Mideast growth projections over Iran sanctions

Jul 23, 2019 - 11:35 PM

The International Monetary Fund projects 2019 economic growth for the Middle East, North Africa, Afghanistan, and Pakistan would be 1%, its worst since the IMF put them in one group in 2009

IMF downgrades world growth, warns of 'precarious' 2020

Jul 23, 2019 - 11:00 PM

The International Monetary Fund trims its global growth forecasts to 3.2% in 2019 and 3.5% in 2020, as trade tensions persist

Africa poses critical challenge for World Bank, IMF

Jul 21, 2019 - 8:15 PM

There is a need for massive investment in infrastructure and job creation in the coming years just to keep pace with Africa's growing population

POVERTY. People walk along an open sewer in a slum in Africa. Photo from Shutterstock

IMF upgrades U.S. growth forecast but warns of rising risks

Jun 06, 2019 - 10:35 PM

The International Monetary Fund expects the United States economy to grow by 2.6% in 2019, but says the country must quickly resolve its trade war with China

Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. - Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP)

IMF's Lagarde: Resolving trade tensions 'immediate priority' for G20

Jun 06, 2019 - 6:00 PM

International Monetary Fund chief Christine Lagarde describes the United States and China's tit-for-tat tariffs as 'self-inflicted wounds that must be avoided'

Signs with the US flag and Chinese flag are seen outside a store selling foreign goods in Qingdao in China's eastern Shandong province on September 19, 2018. - China on September 18 announced tariffs on US goods worth $60 billion in retaliation for President Donald Trump's decision to slap duties on $200 billion in Chinese products next week. (Photo by STR / AFP) / China OUT

IMF slightly lowers China's 2019 GDP growth forecast to 6.2%

Jun 05, 2019 - 7:20 PM

The International Monetary Fund points to China's trade war with the United States, warning that 'growth will suffer'

This picture taken on May 14, 2019 shows workers making clothes for export at a factory in Quanzhou in China's eastern Fujian province. (Photo by STR / AFP) / China OUT

Venezuela claims 130,000% inflation, below international estimates

May 29, 2019 - 6:24 PM

Millions of people have fled the country as astronomical rises in the cost of consumer goods and broader economic woes have made food and basic supplies unobtainable for average people

IMF warns U.S.-China trade war will 'jeopardize' 2019 global growth

May 23, 2019 - 10:54 PM

'Consumers in the US and China are unequivocally the losers from trade tensions,' Gita Gopinath, the International Monetary Fund's chief economist, says in a blog post

IMF aid programs mostly help but need fine-tuning – report

May 21, 2019 - 4:15 PM

An International Monetary Fund review finds that aid packages serve as 'shock absorbers' but also face obstacles, such as economic growth forecasts that proved too optimistic

TRADE TENSIONS. International Monetary Fund Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. Photo by Eric Piermont/AFP

IMF chief says U.S.-China tensions 'threat' to world economy

May 07, 2019 - 8:50 PM

International Monetary Fund Managing Director Christine Lagarde also says recent 'rumors and tweets' make an agreement between the United States and China less likely

IMF Managing Director Christine Lagarde addresses the Paris Forum at the Economy Ministry in Paris on May 7, 2019. (Photo by ERIC PIERMONT / AFP)

Pakistan's finance minister resigns ahead of IMF deal

Apr 18, 2019 - 8:17 PM

Asad Umar resigns as the Pakistan government faces growing pressure with the rupee losing 30% of its value since 2018

RESIGNED. Asad Umar announces his resignation through Twitter on April 18. Photo from Umar's Facebook Page

Brexit delay averts 'terrible outcome' – IMF's Lagarde

Apr 12, 2019 - 12:57 PM

However, the IMF chief says: 'It's obvious that it's continued uncertainty and it does not resolve, other than by postponing what would have been a terrible outcome'

ARAB DEBT. Christine Lagarde warns of high public debt among Arab nations. File photo courtesy of the IMF

IMF cuts global growth estimate to 3.3% as world economy loses steam

Apr 09, 2019 - 9:23 PM

The IMF's World Economic Outlook once again downgrades global growth to 3.3% for 2019, two tenths lower than the global crisis lender forecast in January and 4 tenths lower than October

IMF. In this file photo taken on September 4, 2018, the logo of the International Monetary Fund is seen at the IMF headquarters in Washington, DC. File photo by Jim Watson/AFP

'Precarious' global rebound expected in late 2019 – IMF's Lagarde

Apr 03, 2019 - 1:15 PM

International Monetary Fund Managing Director Christine Lagarde says the world economy is vulnerable to shocks from Brexit, high debt levels, and trade tensions

International Monetary Fund (IMF) Managing Director Christine Lagarde speaks at the US Chamber of Commerce April 2, 2019, in Washington, DC. - Global growth in 2019 should be even slower than previously expected but a "precarious" rebound is likely later this year, the head of the International Monetary Fund said Tuesday. In a speech ahead of next week's spring meetings with the World Bank, IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets. (Photo by Brendan Smialowski / AFP)

Eurozone 'not resilient enough' to weather another economic crisis – IMF chief

Mar 28, 2019 - 9:33 PM

IMF Managing Director Christine Lagarde says the currency union 'is not resilient enough' to emerge unscathed from 'unexpected economic storms'

LAGARDE. International Monetary Fund chief Christine Lagarde in Frankfurt am Main, Germany, April 5, 2016. File photo by Daniel Roland/AFP

IMF warns of global economic 'storm' as growth undershoots

Feb 10, 2019 - 11:00 PM

'The bottom line – we see an economy that is growing more slowly than we had anticipated,' says International Monetary Fund Managing Director Christine Lagarde

Christine Lagarde (R) , Managing Director and Chairwoman of the International Monetary Fund, speaks to journalist Richard Quest, during the opening session of the World Government Summit in Dubai, on February 10, 2019. (Photo by KARIM SAHIB / AFP)

IMF chief warns of high Arab public debt

Feb 09, 2019 - 8:11 PM

Nearly half of Arab countries now have public debt of over 90 percent of GDP, says International Monetary Fund chief Christine Lagarde

ARAB DEBT. Christine Lagarde warns of high public debt among Arab nations. File photo courtesy of the IMF

G20 opens under assault from Trump on collective action

Nov 30, 2018 - 10:57 AM

Shortly before the summit kicks off, Donald Trump's 'America First' charge will bear fruit with the signing in Buenos Aires of a successor to the North American free trade pact NAFTA

G20. View of the Obelisk as Corrientes Avenue remains without traffic due to security measures ahead of the G20 Summit in Buenos Aires on Noviembre 29, 2018. Photo by Alberto Raggio/AFP

Seeds of next global financial crisis being sown, top officials warn

Oct 14, 2018 - 7:02 PM

The world economy is still growing but faces an 'unprecedented' combination of threats, the International Monetary Fund warns during an annual meeting with the World Bank

EXPERTS. International Monetary Fund Managing Director Christine Lagarde (C-front) poses with finance ministers and Central Bank governors during a group photo at the International Monetary Fund (IMF) and World Bank annual meeting in Nusa Dua, on Indonesia's resort island of Bali on October 13, 2018. Photo by Stephen Jaffe/International Monetary Fund/AFP

'Window of opportunity narrowing' on global growth – IMF

Oct 13, 2018 - 4:02 PM

The International Monetary Fund also warns that 'everyone is going to suffer' from a trade-and-currency clash between the United States and China, the world's two biggest economies

'Winter is coming,' Indonesian leader warns amid economic gloom

Oct 12, 2018 - 3:08 PM

Joko Widodo's offbeat reference to the wildly popular show draw applause from the audience attending the annual meetings of the International Monetary Fund and World Bank in Bali

'WINTER IS COMING.' Indonesia President Joko Widodo delivers his speech at the International Monetary Fund (IMF) and World Bank annual meetings in Nusa Dua, on Indonesia's resort island of Bali on October 12, 2018. Photo by Sonny Tumbelaka/AFP

What does 10,000,000% inflation look like? See Venezuela

Oct 09, 2018 - 8:27 PM

In 2019 hyperinflation in Venezuela is expected to leave earth's orbit, hitting 10 million percent, a figure so large and improbable, readers of the IMF report had to count the zeroes to make sure they had the correct number

Picture of a new five Bolivar-note (R) and its equivalent in old Bolivar-bills in Caracas on August 20, 2018. Caracas is issuing new banknotes after lopping five zeroes off the crippled bolivar, casting a pall of uncertainty over businesses and consumers across the country. / AFP PHOTO / Federico PARRA

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

Oct 09, 2018 - 9:19 AM

The International Monetary Fund warns that risks highlighted in previous reports 'have become more pronounced or have partially materialized' in the real world

GROWTH FORECAST. The International Monetary Fund logo is seen 05 April 2007 in Washington, DC.  File photo by Tim Sloan/AFP

Venezuelans in Peru take up Maduro's offer to fly home

Aug 28, 2018 - 11:22 AM

The move is part of the socialist government's 'Return to the Homeland' scheme to counter a mass exodus and woo back young Venezuelans to work in the crisis-torn country

'RETURN TO THE HOMELAND.' Venezuelan migrants wait to enter the boarding area of the international airport in Lima after a group of Venezuelan nationals – who chose to return to their country after experiencing difficulties in Peru – received a plane ticket paid by their government, on August 27, 2018. Photo by Teo Bizca/AFP

Philippine economy to grow below gov't target – IMF

Jul 25, 2018 - 9:35 PM

The International Monetary Fund expects the Philippines' gross domestic product to expand by 6.7% for 2018 and 2019, below the government's target of 7% to 8%

SC ousts Sereno, Duterte on Lagarde, Trump to meet Kim in Singapore | Midday wRap

May 11, 2018 - 1:00 PM

Watch Rappler's midday newscast with Jee Geronimo

Duterte on IMF's Lagarde: 'Halikan mo lang, mag-iba ang isip niyan'

May 11, 2018 - 7:09 AM

President Rodrigo Duterte makes a sexist remark against IMF chief Christine Lagarde after the multilateral lender released its World Economic Outlook

IMF CHIEF. International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July 14, 2016. File photo by Jim Watson/AFP

Ghana president says 'no reason' to return to IMF

Feb 08, 2018 - 11:51 PM

Ghana President Nana Akufo-Addo tells parliament his government had buckled down on mismanagement and pledged to stabilize the economy to avoid another bailout

NANA AKUFO ADDO. President of the Republic of Ghana Nana Akufo Addo addresses the audience at The Confederation of African Football (CAF) 2017 Awards at The Accra International Conference Centre in Accra on January 4, 2018. Photo by Cristina Aldehuela/AFP

Roque sorry for tweeting 'Agnes Legarda,' not 'Christine Lagarde'

Nov 10, 2017 - 11:13 PM

(UPDATED) President Duterte's spokesman says he was probably thinking of UN rapporteur Agnes Callamard when he tweeted about IMF head Christine Lagarde

Philippines pledges $1 billion to IMF emergency fund

Oct 31, 2017 - 6:15 PM

The emergency fund is used to provide assistance to ailing economies

SHARED RESPONSIBILITY. This is the Philippines' commitment to contribute to the stability of the international monetary system given its sound macroeconomic fundamentals. In the photo are BSP Governor Nestor Espenilla Jr (r) and IMF head Christine Lagarde. Photo from BSP

IMF tells Gulf states to speed up switch from oil

Oct 31, 2017 - 2:11 PM

The IMF advises energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis

This file photo taken on October 4, 2012 shows skyscrapers in the Qatari capital Doha. Patrick Baz/AFP

Spend more on schooling to reduce inequality – IMF

Oct 11, 2017 - 10:20 PM

Unlike other methods of redistributing wealth, education both promotes economic growth at the same time as it reduces income inequality, the International Monetary Fund report says

IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

Greece seeks bailout, debt breakthroughs

Jun 15, 2017 - 11:42 AM

IMF chief Christine Lagarde and the eurozone s 19 finance ministers meet in Luxembourg with hopes riding high that the talks will secure the release of the latest tranche of Greece s 86 billion euro 97 billion bailout agreed in 2015

Macron victory is 'good news' for trade-reliant Asia – IMF

May 09, 2017 - 5:48 PM

I think the result of the French elections really show that it s good news to open trade and globalization and it reduces the uncertainties of the eurozone says Changyong Rhee director of the International Monetary Fund s Asia and Pacific Department

'GOOD NEWS.' In this file photo, then French presidential candidate Emmanuel Macron waves during a meeting in Saint-Priest-Taurion, central France, on February 25, 2017. File photo by Pascal Lachenaud/AFP

Greece, creditors look to debt relief after provisional fiscal deal

May 02, 2017 - 12:39 PM

3rd UPDATE Greece reaches a preliminary deal with its creditors that should pave the way for long awaited debt relief talks the Greek finance minister says

A woman stands by European Union and Greek flags in central Athens on April 21, 2017. Louisa Gouliamaki/AFP

One hurt in letter bomb blast at IMF's Paris office

Mar 16, 2017 - 7:45 PM

UPDATED An employee at the Paris offices of the International Monetary Fund is injured in the hands and face after opening a letter which exploded

CRIME SCENE. French Police officers secure the scene near the Paris offices of the International Monetary Fund (IMF) on March 16, 2017 in Paris, after a letter bomb exploded in the premises. Christophe Archambault/AFP

Ex-IMF chief Rato handed 4.5 years in jail for embezzlement

Feb 23, 2017 - 10:13 PM

Rodrigo Rato and 64 other former executives and board members at banks Caja Madrid and Bankia are accused of having paid for personal expenses with credit cards put at their disposal without ever justifying them or declaring them to tax authorities

RODRIGO RATO. This file photo taken on September 26, 2016 shows Former IMF chief, ex Spanish Economy Minister and former president of Caja Madrid, Rodrigo Rato and also former president of Caja Madrid, Miguel Blesa (R) sitting in the dock at the High Court in San Fernando de Henares, near Madrid on September 26, 2016. File photo by Sergio Barrenechea / AFP

IMF's Lagarde 'optimistic' about U.S. economy

Feb 12, 2017 - 7:25 PM

Christine Lagarde predicts tax reform and more investment in infrastructure are both likely under US President Donald Trump

International Monetary Fund (IMF) managing director Christine Lagarde attends a session at the Congress centre on the second day of the World Economic Forum, on January 18, 2017 in Davos. With the world's elite holding its breath until Donald Trump becomes the next US president, outgoing Vice-President Joe Biden addresses the World Economic Forum in Davos / AFP PHOTO / FABRICE COFFRINI

IMF concerned over Afghanistan refugee influx

Jan 28, 2017 - 6:41 PM

An additional 2 5 million refugees and internally displaced people are expected to follow over the next year and a half

WAITING. An Afghan refugee child waits with her family to update their family data at the UNHCR Verification Center in Chamkani, on the outskirts of Peshawar on January 26, 2017. More than 380,000 registered Afghan refugees returned from Pakistan in 2016. Photo by Abdul Majeed/Rappler

IMF says Greece debt 'explosive' in long term

Jan 28, 2017 - 10:49 AM

The pessimistic report though in keeping with the fund s repeated statements on the topic makes it more unlikely the IMF stays on the sidelines of any new European loan deal for Greece

A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. File photo by Jim Lo Scalzo/EPA

IMF chief Lagarde found guilty over French tycoon payment

Dec 19, 2016 - 11:07 PM

UPDATED A French court finds IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but she will continue to lead the fund

CHRISTINE LAGARDE. This file photo taken on December 12, 2016 in the courtroom at the Paris courthouse shows IMF chief Christine Lagarde next to a Gendarme prior to the start of her trial before the Court of Justice of the Republic, a special tribunal used to try ministers. Photo by Martin Bureau/ AFP