Vietnam has increased the foreign ownership caps in banks from the previous 15% to 20% in a bid to boost the country's ailing banking system, according to a government statement.
Tags: International Monetary Fund
Greece sees 2015 budget surplus close to bailout target: report
Greece will aim to achieve a primary budget surplus of 2.9 percent of output next year, just shy of the 3 percent target set out under its bailout deal, its deputy finance minister said in an interview published Saturday.
Yemen will destabilise economy if it delays reforms - IMF
Yemen will destabilise its economy if it delays reforms such as cuts to energy subsidies, the International Monetary Fund said in a report released after the government rolled back some fuel price rises in the face of political unrest.
ESM's chief says EU, IMF in no mood for a Greek debt haircut
Greece's international creditors have no appetite for considering a haircut as a way to lighten its debt load, the head of the European Stability Mechanism, the euro zone's bailout fund organization, told Greek Sunday newspaper Realnews.
IMF warns of risks from 'excessive' financial market bets
The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.
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With a return of just 6.4% per year in traditional investment vehicles, a shortfall of 1.6%, many pension funds opt to invest in alternative options which promise higher returns.
Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.
The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.
The International Monetary Fund pegged the 2014 growth of the GCC at 4.4%. The International Monetary Fund had announced the increase of its forecasted economic growth for the GCC to 4.
Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.
After completion of the Cyprus review, IMF released another USD113 million for the bailout of the country.
