David Lipton

US President Donald Trump's administration is considering nominating Jeffrey Okamoto, Assistant Secretary of the Treasury, as the first deputy managing director of the International Monetary Fund (IMF), Kristalina Georgieva, citing three people familiar with the process of selection.

Christine Lagarde resigned as director of the International Monetary Fund (IMF). The decision will enter into force on September 12. This is said in a statement by Lagard, distributed by the financial institution.

The International Monetary Fund has approved a second tranche of a $12 billion loan to Egypt, praising the country's tough economic reforms that have fuelled inflation.

In a statement on July 13, IMF managing director Christine Lagarde said the approval of the roughly $1.25 billion tranche showed "the IMF's strong support for Egypt in these efforts."   

A top official at the International Monetary Fund (IMF) said on Tuesday there had been progress on Greece and the Fund would like to get to a situation where it could help Greece.

"Some progress has been made," David Lipton, first deputy managing director of the IMF, told reporters in Berlin. "We would like to be in a position to help Greece," he added.

[Reuters]

The International Monetary Fund, deadlocked with Greece over further financial aid, approved a new loan installment for Cyprus on Friday, now the only other eurozone country receiving its bailout support.

BELGRADE - The Executive Board of the International Monetary Fund (IMF) approved a three-year EUR 1.2 billion stand-by arrangement for Serbia, which, at the request of the Serbian authorities, will be treated as precautionary, the IMF released on its website.