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2 May 17
Greek bailout officials have reached a deal on future austerity measures in the country, including pension and tax cuts and ending six months of wrangling.
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2 May 17
Mozambique is to benefit from $1.7bn in World Bank funds until 2021 under a new programme that will initially concentrate on tackling the consequences of the country’s hidden borrowing.
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25 Apr 17
The European Commission confirmed Greece’s target-busting primary surplus yesterday, putting it even higher than Greek official statistics.
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7 Apr 17
Greece and its creditors have chipped away at a deadlock over the next phase of its €86bn bailout deal, reaching an agreement on the “overarching issues”.
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6 Apr 17
Ukraine could be on track to receive a total of $5.5bn from the International Monetary Fund this year if the country presses ahead with anti-corruption and pension reforms.
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27 Mar 17
A tiff over collective bargaining in Greece resurfaced last week when prime minister Alexis Tsipras sent a letter to European leaders accusing them of double standards.
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28 Feb 17
International lenders have arrived in Greece today to examine the implementation of public sector reforms needed before the latest tranche of cash can be released as part of the country’s...
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21 Feb 17
Greece and its creditors have found some “common ground” following the latest meetings on its stalling €86bn bailout in Brussels yesterday.
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8 Feb 17
The rift over the Greek bailout programme has deepened after the country’s government and European leaders hit back at a “pessimistic” International Monetary Fund report published yesterday.
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7 Feb 17
A rare public split within the International Monetary Fund’s executive board has served as yet another sign of just how contentious an issue the Greek bailout has become.
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30 Jan 17
Greece faces an “explosive” surge in public debt by 2030, even with the relief measures promised by its European creditors, the International Monetary Fund has said.
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27 Jan 17
Time is running out to break an impasse over the next stage of the €86bn Greek bailout deal, French finance minister Michel Sapin warned after a Eurogroup meeting yesterday.
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21 Dec 16
The Italian government is preparing to request €20bn from the country’s parliament in order to rescue Monte dei Paschi, the oldest surviving bank in the world.
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19 Dec 16
Ukraine is to nationalise its largest lender, PrivatBank, in order to prevent a potential financial system meltdown triggered by the collapse of an institution deemed too big to fail.
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15 Dec 16
Debt relief measures for Greece have been frozen just weeks after they were agreed because of a series of social welfare measures announced by the government, a move that has angered creditors.
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13 Dec 16
Claims the International Monetary Fund is demanding more austerity in Greece amount to ‘turning the truth upside down’, the fund has argued.
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6 Dec 16
Eurozone finance ministers have agreed on short-term debt relief measures for Greece, but remain divided on the country’s fiscal targets and the reforms needed to reach them.
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29 Nov 16
European governments need to pick up the slack in fiscal policy in order to support growth in the eurozone, European Central Bank president Mario Draghi has said.
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21 Nov 16
The International Monetary Fund has told Ukraine to knuckle down on reforms in order to secure the next tranche of its $17.5bn bailout.
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7 Nov 16
Greek prime minister Alexis Tsipras has purged his government of leftist ministers resistant to the unpopular reforms demanded by the country’s creditors.
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3 Nov 16
Egypt has liberalised its exchange rate and devalued its currency by almost 50% in a bid to secure a $12bn International Monetary Fund loan to rescue the country from economy from crisis.
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11 Oct 16
Greece is set to receive €2.8bn ($3.1bn) from its European creditors after the country passed a number of required reforms relating to pensions, the energy sector and the privatisation of state...
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26 Sep 16
Greece’s creditors need to offer more substantial relief options to tackle the country’s €248bn ($279bn) debt mountain, the International Monetary Fund has said.
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12 Sep 16
Russia will vote against the release of the next tranche of an International Monetary Fund loan to Ukraine, the country’s finance minister Anton Siluanov said today.
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12 Sep 16
Greek prime minister Alexis Tsipras has said criticised international creditors for squabbling among themselves over potential debt relief for the country, which he claims is exacerbating its...