Tag: Christine Lagarde

Christine Lagarde
Saturday, May 14th 2016 - 08:55 UTC

US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

 Christine Lagarde said direct economic costs of corruption are clear, but indirect costs may be even worse “leading to low growth and greater income inequality.”

Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.

Monday, April 18th 2016 - 08:06 UTC

Praise for Argentina from IMF and credit rating agencies but austerity measures “are tough”

“It’s good to have important countries such as Argentina making things right, as it will lead to a larger growth and stability in the region,” Agustín Carstens said

Following President Mauricio Macri’s economic policies and the deal with the holdout funds, Argentina will help to bring stability and a larger economic growth to Latin America, now facing a declining economy mainly because of Brazil’s downfall, representatives from the International Monetary Fund said.

Friday, April 15th 2016 - 05:22 UTC

IMF and World Bank target Brexit: 'the most serious downside risk' for the global economy

  “We have clearly elevated Brexit as more of a serious downside risk to our forecast for global growth,” IMF Managing Director Christine Lagarde said

A British exit from the European Union would pose “serious downside risks” to an already slowing global economy, the head of the International Monetary Fund said on Thursday.

Monday, April 11th 2016 - 05:46 UTC

Argentina ready to formally join the IMF fold; Prat-Gay to meet Lagarde this week

 Prat-Gay will attend the IMF-World Bank summit in Washington DC and is expected to discuss the issue with IMF head Christine Lagarde.

Argentina will start discussions with the International Monetary Fund (IMF) this week on its first Article IV review in a decade, Finance Minister Alfonso Prat Gay said at a conference held by the Institute of International Finance (IIF) in Nassau. “Next week we are going to have a discussion (with the IMF) to agree on an actual schedule for the next Article IV evaluation, which will happen sometime around September,” Prat Gay told the audience on Sunday.

Saturday, February 20th 2016 - 04:06 UTC

Lagarde confirmed for a second five year term as IMF Director General

Before joining IMF in 2011, Lagarde was French Finance and Foreign Trade minister and had an extensive career as an anti-trust and labor lawyer.

The Executive Board of the International Monetary Fund (IMF) on Friday selected Christine Lagarde to serve as IMF Managing Director for a second five-year term starting on July 5, 2016. The Board’s decision was taken by consensus.

Friday, February 12th 2016 - 06:55 UTC

Lagarde, as sole candidate, has virtually assured five more years as IMF head

Named to head the IMF in July 2011, Lagarde officially entered her nomination for a second term at the World Economic Forum in Davos, in January this year.

The International Monetary Fund (IMF) has nominated current managing director Christine Lagarde for the second term, IMF Executive Board Dean Aleksei Mozhin said in a statement on Thursday.

Saturday, January 23rd 2016 - 04:35 UTC

IMF chief Lagarde will stand for a second term

Lagarde's term in office expires on 5 July and the process to find a successor opened on Wednesday.

The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term. Ms Lagarde threw her hat into the ring during an appearance on French television.

Thursday, January 21st 2016 - 07:33 UTC

Argentine Finance minister expected to meet IMF chief to renew formal ties

Resuming formal ties means allowing the IMF to conduct a review of the Argentine, which would be their first since 2006.

Argentine Finance Minister Alfonso Prat-Gay is planning to meet with IMF's Christine Lagarde at the World Economic Forum in Davos, Switzerland, to discuss resuming formal ties with the international lender, according to a report published by Bloomberg.

Thursday, December 31st 2015 - 07:43 UTC

Global economic growth in 2016, “disappointing and patchy” forecasts Lagarde

“The Fed is treading a tightrope: normalizing interest rates, while at the same time seeking to avert any risk of disturbance on the financial markets,” Lagarde said.

Global economic growth will be “disappointing and patchy” in 2016, the head of the International Monetary Fund, Christine Lagarde, wrote in an article published in the German business daily Handelsblatt on Wednesday.

Tuesday, December 1st 2015 - 07:53 UTC

Yuan joins the exclusive club of IMF's basket of reserve currencies

The IMF said the Yuan ”met all existing criteria'' and should become part of the basket in October 2016.

The International Monetary Fund (IMF) has announced that China's currency, the Yuan, will join the fund's basket of reserve currencies. Currently just the US dollar, the euro, the yen and the pound are in the group.

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