Connect to share and comment

Ukraine PM says to skip Hague summit for IMF talks

Ukraine's interim premier Arseniy Yatsenyuk said Sunday he has cancelled plans to attend a major summit in the Netherlands next week to hold talks with an IMF delegation in Kiev. "I have cancelled my trip to The Hague (to)... continue negotiations to complete a programme with the IMF," Yatsenyuk told a cabinet meeting a day after opening talks with a visiting mission of the International Monetary Fund.

IMF too optimistic on growth before big bailouts -auditor

WASHINGTON (Reuters) - The International Monetary Fund tended to offer overly rosy growth scenarios for countries that were lining up for big loans from the organization, independent auditors said on Tuesday. Optimistic forecasts could allow the IMF to lend billions of dollars to countries such as Greece and Ukraine while still letting the organization comply with its strict standards for debt sustainability, or targets for the ratio of debt to gross domestic product.

IMF too optimistic on growth before big bailouts: auditor

WASHINGTON (Reuters) - The International Monetary Fund tended to offer overly rosy growth scenarios for countries that were lining up for big loans from the organization, independent auditors said on Tuesday. Optimistic forecasts could allow the IMF to lend billions of dollars to countries such as Greece and Ukraine while still letting the organization comply with its strict standards for debt sustainability, or targets for the ratio of debt to gross domestic product.

Ukraine PM gets US support - and pushback - on aid package

Ukraine's interim Prime Minister Arseniy Yatsenyuk met top US lawmakers and administration officials Thursday to galvanize support for a billion-dollar aid package that is facing headwinds in some quarters of Congress. Having secured President Barack Obama's backing a day earlier at the White House, Yatsenyuk met with Treasury Secretary Jacob Lew to discuss the $1 billion in loan guarantees for Ukraine that are widely supported in Congress, as well as IMF reforms seen as a controversial part of the aid package.

Ukraine PM gets US support - and pushback - on aid package

Ukraine's interim Prime Minister Arseniy Yatsenyuk met top US lawmakers and administration officials Thursday to galvanize support for a billion-dollar aid package that is facing headwinds in some quarters of Congress. Having secured President Barack Obama's backing a day earlier at the White House, Yatsenyuk met with Treasury Secretary Jacob Lew to discuss the $1 billion in loan guarantees for Ukraine that are widely supported in Congress, as well as IMF reforms seen as a controversial part of the aid package.

US lawmakers split over IMF reforms in Ukraine aid plan

Long-stalled IMF reforms will be included in the Ukraine aid package that a US Senate panel votes on Wednesday, but lawmakers remain split over whether the financing upgrades are needed. Senate Foreign Relations Committee chairman Robert Menendez laid out the framework of the aid that will be considered at 1830 GMT.

Qatar may face higher costs of hiring foreign workers: IMF

By Martin Dokoupil DUBAI (Reuters) - Qatar will likely face higher labor costs as a result of publicity about deaths of migrant construction workers building the infrastructure for the 2022 World Cup soccer tournament, the International Monetary Fund said. Britain's Guardian newspaper reported in September that dozens of Nepali workers had died during the summer in Qatar and that laborers were not given enough food and water.

Nigeria's economic growth to quicken, inflation to ease this year: IMF

By Joe Brock ABUJA (Reuters) - Economic growth in Nigeria will accelerate this year, driven by sectors outside its dominant energy industry, while inflation will continue its downward path, the International Monetary Fund said on Friday. Africa's second-largest economy is set to grow 7.3 percent this year, up from 6.4 percent in 2013, the IMF said, a more optimistic outlook than Nigerian Finance Minister Ngozi Okonjo-Iweala's projection for 6.75 percent growth.

Ukrainian officials committed to reforms, IMF says

WASHINGTON (Reuters) - The International Monetary Fund mission to Ukraine is going well, and the Ukrainian authorities are committed to economic reforms, a senior IMF official said on Friday after a visit to the country. Reza Moghadam, the director of the IMF's European Department, visited Kiev as part of the Fund's fact-finding mission to study Ukraine's finances. Ukrainian officials say they are close to bankruptcy and have asked for international aid.

As Ukraine seeks aid, US aims to endorse IMF reforms

The Obama administration said Tuesday that the US Congress needs to sign off on long-delayed reforms to the International Monetary Fund to ensure it can get adequate aid to Ukraine. US Treasury Secretary Jacob Lew said the administration is working with Congress to put together a $1-billion loan guarantee facility for Ukraine, where a new government is struggling with depleted coffers and institutions in need of reform.
Syndicate content