IMF to Close Harare Office
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THE International Monetary Fund (IMF) is closing down its Harare representative office at the end of this month, virtually terminating threadbare relations with the crisis-racked southern African nation.
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Argentine President Nestor Kirchner received confirmation Friday by the International Monetary Fund (IMF) for a postponement of the payment of 1 billion US dollars in foreign debt owed by Argentina.
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The fund to compensate families who lost savings in the Farepak Christmas fund collapse is to close.
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The International Monetary Fund's  top policy-making group failed on Saturday to close divisions  over debt relief for the world's poorest countries.
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Zimbabwe devalues its currency as part of its battle to tackle its deepening economic crisis.
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HARARE, Zimbabwe, Jan. 20 -- Power outages shut down basic services across Zambia and Zimbabwe as anger mounted in South Africa over power cuts that have wreaked havoc in the continent's economic hub.
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About 420 people will be laid off, with most of the cuts coming in New York. International offices will also close.
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Zimbabwe's annual rate of inflation last month dropped to 209 percent, edging closer to a year-end target of 150 percent from a peak of 622.8 percent in January, according to a newspaper report.
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WASHINGTON, Oct 2  - IMF policymakers, gathering under heavy police guard, went behind closed doors here Saturday to assess near-term global economic prospects threatened by rising oil prices.
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The future of the International Monetary Fund is thrown into confusion after the shock resignation of its managing director, Rodrigo de Rato.
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Zimbabwe has been urged to make sharp cuts in public spending to prevent a worsening of its economic crisis after a visit by the IMF to assess whether Harare should be expelled by the global lender.
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MOSCOW, Dec. 12 -- Russia on Wednesday ordered the closure of two offices of the British Council, the international cultural arm of the British government. The council responded that it has "no plans" to shutter the offices.
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An escalating energy crisis has pulled the plug on hopes of reviving Zimbabwe's economy as production grinds to a halt in a manufacturing sector already battling the impact of sky-high inflation.
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South Africa announced Sunday that it will temporarily stop exporting power to its neighbors.
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The government scaled back the influence of its embattled minister for AIDS policy after a group of international scientists labeled South Africa's program inefficient and immoral and called for her to be fired.
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Zimbabwean President Robert Mugabe replaces his finance minister as the country's economy continues to fail.
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An IMF team has lined up a visit to Zimbabwe to assess the state of the economically-ravaged nation ahead of a key meeting in Washington on its possible expulsion for arrears.