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IMF chief praises the coalition's economic strategy

International Monetary Fund chief Christine Lagarde praised the coalition's management of the British economy, saying it provides the right balance of spending cuts and taxes to deliver growth.

Lagarde said the Conservatives and Lib Dem strategy is "clearly delivering results" when compared with other European economies.

International Monetary Fund chief Christine Lagarde. Credit: DPA/PA Images

The UK government demonstrated it was capable of adjusting to the economic reality by delivering spending cuts and revenue raising at a pace that is right for the British economy, she added.

Lagarde's comments come at a crucial point in the General Election campaign, with just 20 days to go.

Greece and IMF set for further finance talks

Greece's finance minister Yanis Varoufakis is due to meet with the International Monetary Fund's Christine Lagarde on Sunday to continue discussions of the planned reforms that Athens hopes will unlock the bailout funds Greece needs.

The finance ministry and the IMF confirmed Varoufakis and Lagarde would be meeting in Washington for "an informal discussion".


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.

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