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IMF Chief

IMF chief warns trade war will harm global growth

PARIS: The head of the International Monetary Fund warned Wednesday that a trade war US President Donald Trump apparently intends to provoke with tariffs on steel and aluminium would snuff out global growth. "If international trade is called into question by these types of measures, it will be a transmission channel for a drop in growth, a drop in trade and it will be fearsome," Christine Lagarde said on RTL radio. "In a trade war that will be fed by reciprocal increases of customs tariffs, no one wins," she added.…

IMF chief Lagarde on trial in France over tycoon case

PARIS: IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career. Lagarde denies the charges of negligence, arguing she was acting "in the state's interest" in making the payment to Bernard Tapie, the former owner of sportswear giant Adidas and Olympique Marseille football club. If found guilty, Lagarde could receive a one-year prison sentence and a 15,000 euro ($15,900) fine.…

IMF’s Christine Lagarde says ‘Pakistan out of economic crisis’

ISLAMABAD: Managing Director (MD) of the International Monetary Fund (IMF) Managing Director Christine Lagarde, who is in the capital on her first official visit, said Pakistan was ‘out of an economic crisis’ during a meeting with Prime Minister Nawaz Sharif on Monday. “Pakistan is now in a better fiscal position and certainly out of economic crisis,” she said, according to a statement issued by the Prime Minister’s Office. Lagarde also congratulated the premier on successfully completing the IMF programme, the statement…