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Spain jails former IMF chief for 4.5 years over embezzlement
Feb 23, 2017 16:46Spain’s National Court has sentenced former chief of the International Monetary Fund (IMF), Rodrigo Rato, to four years and six months in jail over his involvement in embezzlement in two major Spanish banks.
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IMF expects 6.6% economic growth for Iran
Dec 20, 2016 11:02The International Monetary Fund (IMF) says it expects Iran’s economic growth to reach as high as 6.6 percent for the Persian calendar year that started in March 2016.
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French court finds IMF chief guilty over payout
Dec 20, 2016 02:10A court in France has found Christine Lagarde, the managing director of the International Monetary Fund (IMF), guilty of negligence over a massive state payout that she made to a business tycoon in 2008, but exempted her from any penalty.
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IMF approves $12-billion loan to support Egypt’s economy
Nov 12, 2016 13:04The International Monetary Fund (IMF) has given its final approval to a $12-billion bailout program for Egypt as the country continues to struggle with various economic challenges.