IMF predicts post-war boom in Iraq, admits lending is risky
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The IMF predicted a post-conflict economic boom in Iraq this year and in 2005 but admitted lending to Baghdad is a big risk because of the fighting and huge debt.
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Global financial markets remain   strong but risks of an economic slowdown have increased, which   could trigger corrections more severe than the one in May, the   International Monetary Fund said on Tuesday.
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&quot;The sharp rise in oil prices has contributed to the weakening of the expansion in recent months, and will likely continue to do so for several quarters,&quot; the IMF report said.
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The head of the World Bank warned that the global war on terror could divert resources from fighting poverty and might pose another risk to a promising global recovery.
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The International Monetary Fund Monday raised its 2007 growth outlook for Britain's economy to 2.9 percent on Monday, while warning about risks including a frothy property market.
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Turmoil in global credit and money markets will likely continue as investors worry about the size of financial losses and where they might arise, the International Monetary Fund said on Monday.
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The global economy is set for another   year of strong growth, the International Monetary Fund said on   Thursday, but it warned that rising inflationary pressures and   a slowing U.S. economy were growing dangers.
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Record oil prices are having a limited impact on the global economy but the risk of economic disruption remains high, the head of the International Monetary Fund said Thursday.
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Iraq cleared around &#36;81 million in debt it owed the International Monetary Fund late last week, fund sources said on Monday, opening the way for the first aid to flow from the global lender to Iraq.
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The International Monetary Fund approved a $436 million loan to Iraq on Wednesday, a milestone in the nation's effort to normalize its finances and rebuild its economy.
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Increasing production and higher oil prices mean Iraq could see an influx of extra reconstruction money, a report says.
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Business surges for online merchants selling Iraq's newly minted currency, as speculators' optimism about the country's future trumps the steady stream of bad news coming out of Baghdad. By Joanna Glasner.
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Uncertainty in global markets over the size of losses caused by the current financial turmoil will likely keep investors unsettled in the near term, the International Monetary Fund warned on Monday.
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The International Monetary Fund on  Wednesday approved $436 million in emergency lending to Iraq  and said it hoped its backing would generate additional  international economic support, including debt relief.
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Despite the continuing war and political uncertainty, Iraq's long-suffering financial industry has begun creaking to life.
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JEDDAH, 6 December 2004 - The current situation with Iraq has all the ingredients of a long-term liability to the balance sheet of America, which some day it might be a disaster to the state of world economy.
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The International Monetary Fund announced that the council of governments, stakeholders in the Fund&#39;s capital approved yesterday to provide an urgent aid for Iraq estimated at $ 436 million and representing the first loan from the Fund for Baghdad.