The nomination of Christine Lagarde as European Central Bank president on Tuesday (2 July) has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
A lawyer by training, Christine Lagarde has been nominated to succeed Mario Draghi as president of the European Central Banck (ECB). The IMF director has an atypical profile, due to her lack of banking experience and question marks over her past. EURACTIV France reports.
Kazakhstan is investing in human capital and plans to become one of the world’s 30 most advanced nations by 2050. At a recent conference in the capital Nur-Sultan, leaders and economists offered advice, valid also for other countries as well: to focus on education.
Ukrainian President-elect Volodymyr Zelenskiy's team on Wednesday (24 April) called on the government and state energy company Naftogaz to hold talks with the International Monetary Fund on lowering household gas prices from 1 May.
The Managing Director of the International Monetary Fund, Christine Lagarde, called on eurozone leaders on Thursday (28 March) to complete the banking union by reaching an agreement on the European Deposit Insurance Scheme (EDIS).
Ukraine on Monday (26 November) imposed martial law for 30 days in parts of the country most vulnerable to an attack from Russia after President Petro Poroshenko warned of the “extremely serious” threat of a land invasion.
Ukrainian lawmakers passed the 2019 budget early on Friday (23 November), taking a crucial step to unlock $3.9 billion of loans from the International Monetary Fund to tide over a choppy election period next year.
Former managing director of the International Monetary Fund and ex-Finance minister of Spain Rodrigo Rato entered into prison on Thursday (25 October) to serve four-and-a-half-years term over ‘black cards’ case.
The International Monetary Fund warned on Tuesday (9 October) of a further slowing in eurozone's economic growth, which was forecast at 2% this year, due to persistent uncertainty over Brexit and low productivity. EURACTIV’s partner efe-epa reports.
Italy on Wednesday (8 August) cut its forecasts for economic growth and said the country's public deficit this year and in 2019 would be larger than previously forecast, potentially lining it up for a clash with Brussels.
Ukraine's backsliding on reforms continues a national tradition: a Reuters study of data since 1994 shows it has drawn less than half the IMF funds it could have received, with commitment to change often weakening when economic indicators improve.
EU member states will suffer long-term damage equivalent to about 1.5% of annual economic output by 2030 if Britain leaves the bloc without a free trade deal next year, the International Monetary Fund warned on Thursday (19 July).
In the early hours of Friday (22 June), the Eurogroup reached an “historic” deal on a debt relief for Greece, solving the last political hurdle to conclude its rescue programme after more than eight years.
Eurozone ministers will on Thursday (21 June) try to resolve their differences over the terms of Greece's departure from its massive bailout programme with splits over the degree of debt relief needed by cash-strapped Athens.
International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on US President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day".
Italy's president is expected to ask a former International Monetary Fund official today (28 May) to head a stopgap government amidst political and constitutional turmoil, with early elections looking inevitable.
The IMF has a big plan: A multi-billion rainy day fund is meant to strengthen the euro. According to the proposal, Germany alone is supposed to pay €10 billion per year for a 10-year period. EURACTIV Germany’s media partner "WirtschaftsWoche” reports.
The European Commission is pushing for the adoption, by mid-2019, of the proposal to create a unified seat at the International Monetary Fund, as part of its package to strengthen the economic and monetary union presented on Wednesday (6 December).
Serbia plans to compensate for lower than planned GDP growth in 2017. Although, according to officials, economic indicators are good, the drought has taken its toll and forced the government to change its estimates. EURACTIV.rs reports.
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