International Monetary Fund (IMF) News

IMF Officials Urge Governments to Limit Risks to Global Economy

The International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters. “We see downside risk and that means one has to …

Hard Brexit Could Cost UK 6% of GDP, IMF Warns

Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP — roughly four years of economic growth — compared with staying in the bloc, the International Monetary Fund said on Wednesday. The IMF, …

IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy

Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters. The Fund …

IMF Urges China to Accelerate Opening of Economy to Outside World

China has made progress on reforms but should allow market forces to play a more decisive role and accelerate its opening up to the rest of the world, the International Monetary Fund said. While credit growth has slowed, it remains …

ABIR Head Lauds Brazil Decision to Phase out Local Reinsurance Mandates

In a speech delivered before the Brazilian Center for International Relations (CEBRI), Bradley Kading, president and executive director of the Association of Bermuda Insurers and Reinsurers (ABIR), praised the Brazilian government’s recent announcement to phase out mandates on local reinsurance …

IMF Urges U.S. Adopt Tougher Rules for Insurers

The U.S. needs to follow through on plans to impose tougher rules on non-bank financial institutions such as mutual funds and insurers that are increasingly posing a risk to the financial system, the International Monetary Fund said. It’s critical that …

European Insurers’ Dividend Growth Unlikely With Rock-Bottom Interest Rates

Expectations of rising dividends and share buybacks from Europe’s insurance companies are fading as ultra low interest rates make it harder for them to meet new capital regulations. Rock-bottom interest rates reduce insurers’ investment returns, raising the risk of them …

Global Finance Chiefs to Warn of Economic Risks, Call for Aid for Poor

Finance and development ministers from around the world this week will warn of considerable downside risks to the global economy, and call for an effort to protect the world’s poor, according to the draft of a communique they plan to …

IMF Sees Global Growth Gaining Along with Rising Risks in Emerging Economies

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic snapshot, the Washington-based IMF said …

Lagarde Says IMF Work Can Contribute to Environmental Change

The International Monetary Fund can play a role in protecting the planet from environmental damage, IMF head Christine Lagarde said on Tuesday, as she highlighted how an analysis of the harmful effects of energy subsidies could act as a catalyst …