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International Monetary Fund

Egypt devalues, floats its currency, meeting key IMF demand

CAIRO (AP) — Egypt on Thursday took the unprecedented step of floating its currency and later hiked fuel prices, meeting key demands by the International Monetary Fund under a $12 billion loan agreement to overhaul the ailing economy of the most populous Arab state. The floatation, accompanied by a 48 …

IMF: Venezuela inflation to surpass 700 percent

CARACAS, Venezuela (AP) — The International Monetary Fund says Venezuela inflation will blow past 700 percent this year. In a note published Friday, IMF Western Hemisphere Director Alejandro Werner said inflation would more than double in the economically struggling South American country in 2016, reaching 720 percent. Venezuela already suffers …

IMF calls on Thailand to end costly rice subsidies

BANGKOK (AP) — The International Monetary Fund called on Thailand to drop its multibillion dollar subsidies for rice growers, saying the program is undermining confidence in the country’s finances. The IMF said Tuesday in its annual review of Thailand’s economy that losses in the program will continue if the policy …

Fight the Future – NYTimes.com

Last week the International Monetary Fund, whose normal role is that of stern disciplinarian to spendthrift governments, gave the United States some unusual advice. “Lighten up,” urged the fund. “Enjoy life! Seize the day!” O.K., fund officials didn’t use quite those words, but they came close, with an article in …