International Monetary Fund (IMF)

3:19am

Thu April 4, 2013
Middle East

As Egypt Negotiates IMF Loan, Food And Fuel Prices Soar

Originally published on Thu April 4, 2013 12:30 pm

An Egyptian woman carries a cooking gas canister in Cairo on Tuesday. The government just raised the price of gas as part of an energy package needed to satisfy the conditions of a $4.8 billion IMF loan. Opponents say some of the conditions disproportionately hurt the poor.
Khalil Hamra AP

Two years after the revolution, Egypt is in a deep economic crisis. It's running out of money to purchase crucial imports like wheat and fuel, both of which are subsidized by the government, and an infusion of cash is desperately needed.

While a delegation from the International Monetary Fund is in Cairo continuing negotiations on a $4.8 billion loan, Egyptians are strained by the rising costs of food — and the gas needed to cook it.

For Mosaad el Dabe, it's a disaster.

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3:23am

Thu March 28, 2013
NPR Story

IMF: Gas Prices Don't Reflect True Costs

Originally published on Thu March 28, 2013 7:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm David Greene.

LINDA WERTHEIMER, HOST:

And I'm Linda Wertheimer.

When you're filling up a car with gas, chances are you are not looking at the price per gallon and thinking how low it is. And maybe thinking that the government ought to do something about that and raise prices. But the economic wizards at the International Monetary Fund are recommending exactly that, not just for the U.S. but for the entire world.

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7:10am

Tue October 9, 2012
The Two-Way

Risks Of Global Economic Slowdown Are 'Alarmingly High,' IMF Warns

In China's Anhui province, a worker unloads steel bars at a factory. A slowdown in China and other major nations threatens to pull the global economy into recession, the International Monetary Fund warns.
AFP/Getty Images

Saying that the global economic recovery "has suffered new setbacks, and uncertainty weighs heavily on the outlook," the International Monetary Fund today warned that the probability of "recession in advanced economies and a serious slowdown in emerging market and developing economies" next year have gone up.

The fund said its research indicates the risk of those things occurring in 2013 "has risen to about 17 percent, up from about 4 percent in April 2012."

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12:57pm

Sat April 21, 2012
The Two-Way

At The IMF, $430 Billion In Pledges Buys Leverage For Emerging Markets

Originally published on Mon April 23, 2012 4:09 am

The UK gave some support to the emerging market nations' quest for a greater role today at the IMF during the spring meetings of the World Bank and International Monetary Fund in Washington, D.C.

Chancellor of the Exchequer George Osborne said the UK's $15-billion contribution to the IMF's enhanced crisis fund could not be accessed until further progress is made on giving the emerging market a greater voice in how the is Fund is run.

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4:22am

Sat April 21, 2012
Europe

Emerging Markets Promise IMF Financial Firepower

Originally published on Sat April 21, 2012 8:46 am

International Monetary Fund Managing Director Christine Lagarde announced Friday that the IMF had raised $430 billion, surpassing its stated goal.
Charles Dharapak AP

International Monetary Fund officials and members of the G-20 nations announced Friday that member countries have pledged $430 billion to add to the Fund's crisis-fighting arsenal.

The Fund's managing director Christine Lagarde came into the annual World Bank-IMF spring meetings in Washington, D.C., with a goal of raising $400 billion from member states. She was clearly happy and relieved as she announced a number larger than that.

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