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IIF says Greek debt buyback must be 'voluntary'

A powerful international bank lobby warned Thursday that the outcome of Greece's looming debt buyback program remains uncertain and warned that it must be "purely voluntary."

IIF says Greek debt buyback must be 'voluntary'
EU ministers agree significant debt relief deal for Greece

Greece won breathing space Tuesday with long-frozen eurozone loans to restart from December and a first clear admission that a chunk of the country's debt burden will need to be written off down the line.

EU ministers agree significant debt relief deal for Greece
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Australia welcomes move to count Aussie as reserve currency

Australia hailed as an endorsement of its economic strength Wednesday IMF moves to count its dollar as a foreign reserve currency, though its central bank chief downplayed it as a technicality.

Australia welcomes move to count Aussie as reserve currency
IMF slashes Kazakhstan's 2012 GDP growth forecast again

The International Monetary Fund lowered the growth forecast for Kazakhstan’s gross domestic product in 2012 from 5.5 to 5 percent.

IMF slashes Kazakhstan's 2012 GDP growth forecast again
World economy needs action from China, EU: Geithner

US Treasury Secretary Timothy Geithner said Saturday the global economy was on the mend, but more needed to be done to stoke domestic demand in China and fix Europe's fiscal woes.

World economy needs action from China, EU: Geithner
Fiscal policy should be 'growth friendly': IMF body

The world economy needs to balance austerity with growth if it is to recover fully from the global financial crisis, a key IMF committee said in Tokyo on Saturday.

Fiscal policy should be 'growth friendly': IMF body
'Wartime' debt threat to global economy: Lagarde

Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.

'Wartime' debt threat to global economy: Lagarde
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Unemployment 30 mn higher than before crisis: ILO

There are now 30 million more people without jobs around the world than before the global financial crisis began, the head of the International Labour Organization said.

Unemployment 30 mn higher than before crisis: ILO
IMF wants to give Greece two more years

The International Monetary Fund is happy for debt-battered Greece to have an extra two years to bring its runaway deficit in line with the demands of global creditors.

IMF wants to give Greece two more years
Spain, France vow action on eurozone crisis

The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.

Spain, France vow action on eurozone crisis
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IMF: US 'fiscal cliff' would set back world economy

The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.

IMF: US 'fiscal cliff' would set back world economy
IMF meet in Tokyo to address anxiety about growth

Finding ways to boost the slowing global economy and helping poor nations fend off financial shocks will be on the agenda at meetings this week of the International Monetary Fund and World Bank in Tokyo.

IMF meet in Tokyo to address anxiety about growth
Japan hosts IMF meet 50 years after economic miracle

The last time Japan hosted an International Monetary Fund summit nearly 50 years ago, the nation was a leader in innovation and economic growth that made it the envy of the world.

Japan hosts IMF meet 50 years after economic miracle
World leaders meet on disaster management in Japan

Politicians and aid officials gathered on Tuesday in the northeast of Japan, devastated by last year's quake and tsunami, to discuss what lessons can be learned from disasters.

World leaders meet on disaster management in Japan
IMF cuts global forecast, says risks rising

The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.

IMF cuts global forecast, says risks rising
Greek PM stresses urgency of austerity deal

Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.

Greek PM stresses urgency of austerity deal
Markets panic as eurozone faces turbulent summer

The world market panic that started the week looked all too familiar: an alarming reminder of last summer's financial storm brought on by the eurozone debt crisis.

Markets panic as eurozone faces turbulent summer
Departing IMF economist rips fund's leadership

A departing senior IMF economist has excoriated the fund, alleging it failed to address Europe's crisis and "suppressed" its challenges.

Departing IMF economist rips fund's leadership
Kazakhstan GDP grew 7-fold in 9 years

Last year’s GDP per capita made $11 thousand, which is 650 percent more than in 2002.

Kazakhstan GDP grew 7-fold in 9 years
IMF urges Ukraine to hike gas prices for consumers

The International Monetary Fund again urged Ukraine Friday to raise gas prices for consumers, a sticking point in the resumption of an IMF bailout.

IMF urges Ukraine to hike gas prices for consumers