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The IMF is 'ready to continue supporting Greece'

The International Monetary Fund (IMF) is ready to continue supporting Greece and looks forward to talks with the country's new government, IMF chief Christine Lagarde said.

"We stand ready to continue supporting Greece, and look forward to discussions with the new government," Lagarde said in a statement.


IMF chief: UK leading the global recovery in 'eloquent way'

Britain and the US are leading global recovery, the head of the IMF has said.

In a major boost for David Cameron, Christine Lagarde praised the UK's "eloquent and convincing" lead in the European Union's battle for prosperity.

Prime Minister David Cameron and IMF managing director Christine Lagarde in Washington. Credit: RTV

At the start of roundtable discussion in Washington, which she co-hosted with the Prime Minister, Lagarde said growth in the UK "is improving, the deficit has been reduced, and where the unemployment is going down."

"Certainly from a global perspective this is exactly the sort of result that we would like to see," she added.

IMF: Ebola having 'acute' financial impact on West Africa

The Ebola outbreak is likely to lead to "sharply" lower growth in Guinea, Liberia and Sierra Leone and all three of the poor West African countries may need support in future, a spokesman for the International Monetary Fund (IMF) said today.

Relatives stand in line at a checkpoint outside the Ebola quarantine area of West Point in Monrovia, Liberia Credit: REUTERS/2Tango

The Ebola outbreak is having an acute macroeconomic and social impact on three already fragile countries in West Africa. We are actively working with all three countries to prepare a preliminary economic assessment of the impact of the Ebola crisis, and additional financing support that may be required.

– Gerry Rice, spokesman, IMF


Danny Alexander: IMF report 'extremely good news'

The Chief Secretary to the Treasury says today's IMF report on the British economy is "extremely good news" and a "strong endorsement" of the Government's strategy.

However, Danny Alexander acknowledged that ministers have to "keep a close eye" on the housing market to defuse any risks.

IMF chief: News from UK 'pretty much all good'

The head of the IMF has given a ringing endorsement of the UK's recent economic progress, saying the news has been "pretty much all good".

At the same time, Christine Lagarde warned of "risks looming on the horizon" from weak productivity and an overheating housing market.

IMF: Low interest rates 'could risk financial stability'

The head of the IMF has suggested the Bank of England should increase interest rates, as keeping them at their low 0.5% rate could "increase risks to financial stability".

Christine Lagarde said the IMF view was that having low interest rates "could further fuel house prices" and therefore risk destabilising the economy.

She said it was up to the Bank of England to take action on rates "in a gradual fashion as the first line of defence against risks to financial stability arising from the housing market".

UK needs 'further measures' to increase housebuilding

The head of the IMF has called for the Government to put in place more measures to boost housebuilding.

Speaking at the Treasury this morning as the IMF gives its yearly assessment of the British economy, Christine Lagarde said:

The Government needs to do more to boost housebuilding, the IMF has said. Credit: Rui Vieira/PA Wire

"Addressing imbalances in the housing market...will require further measures to increase the availability of land for development and to remove unnecessary constraints to land use.

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