Lesley Wroughton

Iceland package delayed by deposit issues - IMF

WASHINGTON, Nov 13 (Reuters) - The International Monetary Fund on Thursday acknowledged that its rescue package for Iceland is being delayed in part by deposit issues between the country and potential creditors. The North...

White House says G20 meeting "timely", British agree (Reuters)

Reuters - The Bush administration said on Wednesday a weekend meeting of Group of 20 leaders should be able to identify some specific measures for calming anxious financial markets and said it was timely for them to meet now.

RPT-FEATURE-Blame banks, not Bretton Woods, delegate says

By Lesley Wroughton WASHINGTON, Nov 12 (Reuters) - Jacques Polak, the last known surviving delegate to the Bretton Woods conference in 1944, said inadequate supervision of banks -- not the financial system itself -- caused the...

RPT-UPDATE 1-World Bank cuts growth forecasts, offers more aid

WASHINGTON, Nov 11 (Reuters) - The World Bank on Tuesday slashed its 2009 forecast for developing countries and offered new financing of more than $100 billion over the next three years to help them cope with the global...

IFC aids BPZ to raise capital for Peru oil project (at Reuters)

WASHINGTON, Nov 10 (Reuters) - The World Bank's International Finance Corp said on Monday it will lend $15 million to oil and gas exploration company BPZ Resources BZP.A and help raise $200 million from commercial banks for its...

Ahead of G20, World Bank warns of new danger zone (at Reuters)

By Lesley Wroughton WASHINGTON, Nov 7 (Reuters) - Developing countries are entering "a new danger zone" as the financial crisis spreads to their economies, a World Bank paper prepared for a Group of 20 meeting of finance...

IMF warns of deepening recession in rich countries

The world's developed economies are headed for the first full-year contraction since World War II and governments should ramp up spending to support the global economy, the International Monetary Fund said on Thursday.

UPDATE 1-IMF approves $15.7 bln loan program for Hungary

WASHINGTON, Nov 6 (Reuters) - The International Monetary Fund on Thursday approved a $15.7 billion (12.3 billion euro) loan program for Hungary and agreed to immediately disburse $6.3 billion of the credit to the government....

IMF approves 10.4 billion pound Ukraine loan

WASHINGTON/KIEV (Reuters) - The International Monetary Fund approved a $16.5 billion (10.4 billion pound) loan program for Ukraine that includes monetary and exchange rate policy shifts to ease strains from the global financial...

IMF approves $16.5 billion loan for Ukraine

WASHINGTON (Reuters) - The International Monetary Fund on Wednesday approved a $16.5 billion loan program for Ukraine to restore confidence and bolster the country's economy shaken by the global financial crisis.

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