International Monetary Fund

The foreign currencies reserves of the National Bank of Romania (BNR, the central bank) stood at 30.6 billion euros on January 31, down 1.6 billion from 32.2 billion euros at end-December, according to data released on Monday by BNR. The outflow included payments to the European Commission and the International Monetary Fund (IMF).

The International Monetary Fund on Monday wrote to the Romanian authorities expressing concern that without adequately assessing its impact and consulting all stakeholders, passage of a personal insolvency law could encourage financial indiscipline.

The International Monetary Fund has said it is ready to extend its financial support for Greece.

"We stand ready to continue supporting Greece, and look forward to discussions with the new government," IMF chief Christine Lagarde said in a statement on Monday, according to The Financial Times.

The International Monetary Fund (IMF) sustains that if endorsing the individuals' insolvency law without an adequate impact study and without consulting the associations involved, could never attain its goals and could have a negative impact on the financial market.

Photo credit: (c) Yin Bogu / XINHUA ARCHIVE

The European Central Bank on Thursday committed to a quantitative easing (QE) program that will see it print money to buy up 60 billion euros worth of sovereign bonds from March until the end of September next year.

The money will include some from existing programs.

BELGRADE - The International Monetary Fund (IMF) Board of Directors is due to hold a meeting on February 23, during which it will decide whether to approve an arrangement with Serbia, Tanjug learned at the IMF Office in Belgrade.

Serbia and the IMF reached an agreement on November 20 to sign a three-year precautionary arrangement worth around EUR 1 billion.

Struggling Greece will never recover without a generous debt cut, despite what the country's creditors might think, the politician likely to become the next finance minister said Tuesday.

Representatives of the Bulgarian government and business gather at their ninth annual meeting on Tuesday to discuss the restoration of the country on the path of economic growth.

This year more than 250 executive directors of the largest firms in Bulgaria as well as foreign investors have confirmed their participation at the conference, electronic daily Dnevnik reports.

The International Monetary Fund on Jan. 20 sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.
      
The IMF said poorer prospects in China, Russia, the euro area and Japan will hold world growth to just 3.5 percent this year and 3.7 percent in 2016.
      

The head of the International Monetary Fund warned Greece that there would be consequences to restructuring its debt after elections where opponents of the country 240 billion euro bailout lead in the polls.