China vows to open markets as Lagarde warns against trade friction
China said Wednesday it would further open its financial markets in the latest apparent attempt to cool economic tensions with the United States, as IMF chief Christine Lagarde warned the world trade system was in danger of being "torn apart" by protectionism.
IMF gives mixed verdict on economy, reforms
Nigeria’s economy remains vulnerable, though policies and favourable oil prices have helped it to overcome a recession.Disclosing this position yesterday, the International Monetary Fund (IMF) noted that the economy is yet to receive boost from policy implementations that could make it withstand.....
IMF Chief meets South Africa’s Ramaphosa in Davos to discuss economy
IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that structural challenges were a burden to economic growth in Africa’s largest economy. Their meeting comes a day after the International Monetary Fund cut South Africa’s…
Snow-bound Davos warms to business-friendly climate
After spectacular snowfall that stranded high-flying delegates on their way to Davos, the World Economic Forum starts in earnest on Tuesday basking in robust global growth but facing warnings that the world's have-nots are missing out more than ever.
IMF urges Germany to loosen purse strings
IMF chief Christine Lagarde has joined calls on Germany to invest in future economic growth even at the cost of relaxing its cherished budgetary discipline, raising hackles in Europe's powerhouse.
IMF chief warns of 'dark future' over climate change
The world faces a "dark future" if it fails to tackle climate change and inequality, IMF managing director Christine Lagarde warned on Tuesday.
IMF chief urges more support for global trade
Christine Lagarde admitted that the rapid lowering of trade barriers in recent decades had caused significant dislocation, including job losses, downward pressure on wages and higher inequality in both developing and advanced economies.
US tax overhaul 'desperately needed', Lagarde says
"Tax reform is a must. Tax reform in the US is imperative," Lagarde said on CNBC. "It has to be simpler. It has to be at lower corporate rates," she added.