The International Monetary Fund announced on Tuesday that it “regretted the lack of sufficient progress” with Argentina to address the quality of the official data reported by the country and urged it to come up with a response to the organization’s concerns by December 17th.
The International Monetary Fund (IMF) decided it will not release any communiqué regarding Christine Lagarde report over Argentina's statistics, the press department announced. It is expected that the report with the analysis of the Board of Directors will be released on Tuesday.
Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'
Forbes magazine ranked German Chancellor Angela Merkel the most powerful woman in the world for the second year in a row in the annual list dominated by politicians, businesswomen and media figures. US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from last year.
IMF western hemisphere director, Chilean national Nicolás Eyzaguirre, resigned to his post Thursday in order to become the CEO of Chilean Canal 13 network. The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.
A senior economist at the International Monetary Fund spearheading the bailouts of three Euro zone countries has lambasted its lack of leadership and said its first female chief is not fit for the job.
An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks.”
Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.
Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.
The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.