Christine Lagarde

IMF urges Germany to loosen purse strings

Frankfurt am Main - Muslimchronicle

IMF chief Christine Lagarde has joined calls on Germany to invest in future economic growth even at the cost of relaxing its cherished budgetary discipline, raising hackles in Europe's powerhouse. "There is an excess of savings over investments which suggests that Germany can afford to spend and invest more" Lagarde said at a Thursday conference with top economists and policymakers from aroundRead more

Make reforms while sun shines on world economy

London - Muslimchronicle

International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms "while the sun is shining" on the global economy. In an interview with France's Le Journal du Dimanche published Sunday Lagarde said the strength of the global economic recovery had taken the IMF by surprise. "In 2017, for the first time in a long time, we revisedRead more

Ukraine bows to IMF pressure on anti-corruption agency

Kiev - Muslimchronicle

Ukraine's parliament bowed Thursday to pressure from its Western lenders and delayed voting on legislation giving it the power to remove heads of the country's nascent anti-corruption agency. The National Anti-Corruption Bureau of Ukraine (NABU) has come under political pressure since launching a series of investigations against top officials in the past year. A bill submitted jointly by President PetroRead more

Global economy chiefs told to reform while going is good

Washington - Muslimchronicle

Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and to be ready for possible shocks in the future. World Bank President Jim Yong Kim and International Monetary Fund Managing Director Christine Lagarde said that countries must address their mounting debts and deepening inequalities now, before possible setbacksRead more

IMF chief urges more support for global trade

Washington - Muslimchronicle

IMF Managing Director Christine Lagarde urged global leaders Wednesday not to reject international trade as policy shifts by Washington and London force resets on major global commercial treaties. Lagarde admitted that the rapid lowering of trade barriers in recent decades had caused significant dislocation, including job losses, downward pressure on wages and higher inequality in both developing and advanced economies.Read more

US tax overhaul 'desperately needed'

Washington - Muslimchronicle

IMF chief Christine Lagarde on Friday urged the United States to proceed with a tax overhaul, saying it was "desperately needed" to boost growth in the world's largest economy. "Tax reform is a must. Tax reform in the US is imperative," Lagarde said on CNBC. "It has to be simpler. It has to be at lower corporate rates," she added.Read more

World must 'seize the opportunity' of global recovery

Washington - Muslimchronicle

International Monetary Fund chief Christine Lagarde on Thursday said a worldwide economic recovery was taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity. "The long-awaited global recovery is taking root," she said in an address Thursday evening at Harvard's Kennedy School of Government. Countries around the globe are seeing renewed or sustained economicRead more

IMF's Lagarde warns US won't meet growth targets amid slow reforms

Washington - AFP

IMF chief Christine Lagarde warned Wednesday that the US will fall short of its ambitious economic growth goals unless it can accelerate promised policy changes, including tax reform. The Trump administration has said it will push US growth to three percent annually -- a rate economists say is unrealistic, given the low US unemployment rate, among other factors. The InternationalRead more

IMF approved second tranche of Egypt’s loan

Cairo - Muslimchronicle

The International Monetary Fund (IMF) has approved the second tranche of a $12 billion loan to Egypt, praising the country’s tough economic reforms that have fueled inflation. In a statement on Thursday, IMF Managing Director Christine Lagarde said the approval of the roughly $1.25 billion tranche showed “the IMF's strong support for Egypt in these efforts.” The IMF and EgyptRead more

IMF members set aside trade split

Washington - Arab Today

International Monetary Fund (IMF) members on Saturday dropped a pledge to fight protectionism amid a split over trade policy and turned their attention to another looming threat to global economic integration: The first round of France’s presidential election. “There was a clear recognition in the room that we have probably moved from high financial and economic risks to more geopoliticalRead more