IMF May Lend Kenya $35 Million
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The International Monetary Fund may release to Kenya a $35 million loan in December after the country reins in spending on salaries and sets up an anti-corruption commission, a fund official said Friday.
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Description: The world&#39;s economic leaders indicate support for the idea of forgiving the debt of the world&#39;s poorest countries.
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Four developing nations, including China, could have a greater say in the workings of the IMF, a report says.
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The International Monetary Fund will look into using its huge gold reserves to help finance debt relief for the world's poorest countries on the urging of the Group of Seven rich nations, ministers said on Saturday.
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One of the biggest reasons that very poor countries can&#39;t provide decent education and health care is that they are stuck in a cycle of debt owed to the International Monetary Fund, the World Bank and regional development banks, much of it dating to the
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Key points made by the steering committee of the International Monetary Fund in its communique on Saturday. * All countries should take advantage of the global economic recovery to address economic problems.
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The new head of the International Monetary Fund on Monday signaled the lender would take a larger role in speaking out about policies in the world&#39;s richest nations if they pose global economic risks.
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The International Monetary Fund on Wednesday approved &#36;436 million in emergency lending to Iraq and said it hoped its backing would generate additional international economic support, including debt relief.
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The International Monetary Fund announced that the council of governments, stakeholders in the Fund&#39;s capital approved yesterday to provide an urgent aid for Iraq estimated at $ 436 million and representing the first loan from the Fund for Baghdad.
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The World Bank said on Friday it had raised a total of $41.6 billion in funds to help around 80 poor countries with grants and loans through June 2011, an increase of $9.5 billion over the previous funding period.
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PRETORIA -- The Bush administration said yesterday it would extend by two months a deadline for other countries to contribute roughly $240 million to the Global Fund for AIDS, Tuberculosis and Malaria, an amount that is required before the United States releases its full pledge.
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The International Monetary Fund has warned of a possible sharp fall in UK house prices, according to reports. The IMFâs World Economic Outlook said that, based on interest rate
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The International Monetary Fund (IMF) has debunked fears of job losses in industrialised nations due to outsourcing of services to developing nations.
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Rich countries are likely to back  Britain's bid to channel more debt relief and resources to  Africa, which is ready to shake off the shackles of poverty,  British finance minister Gordon Brown said.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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The United States is calling on international lending institutions to reform their ways of operating so that they can give more aid to poor nations.
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Conflicts have cost Africa $300bn over 15 years, equivalent to aid received in that period, a report says.