Tag: IMF

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.

Friday, April 11th 2014 - 04:22 UTC

Bank of England leaves interest rates unchanged as UK recovery picks up

According to IMF the UK economy would be the fastest-growing in the G7 this year.

UK interest rates have been held at their record low of 0.5% for another month by the Bank of England. On Thursday the Bank also kept the size of its bond-buying stimulus program unaltered at £375bn. No changes had been expected to either rates or the bond-buying measure, despite recent evidence that the UK economy is continuing to recover.

Monday, October 28th 2013 - 05:33 UTC

Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

The president argued that one of her government's pledges was to ensure fiscal responsibilities.

Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.

Wednesday, October 16th 2013 - 08:16 UTC

Official September inflation in Argentina 0.8%, less than half the so called Congress index

Argentina is expected to present a new CPI with IMF technical assistance sometime next month

The Argentine government official Consumer Prices Index climbed 0.8% in September over August and reached 7.4% in the first nine months of the year, according to the National Stats Institute, Indec.

Wednesday, October 9th 2013 - 05:28 UTC

IMF forecasts higher growth for Argentina this year, but reliability of official stats remains controversial

Indec stats, the dollar clamp and manipulation of foreign trade influence negatively Argentina’s economy

Argentina’s growth has recovered because of an abundant crop but economic activity continues to be contained because of the exchange rate and other administrative controls, according to the IMF latest World Economic Outlook (WHE), Latam and Caribbean chapter released on Tuesday. The IMF statement refers to Argentina’s export duties and the so called ‘dollar clamp’ which bans even saving in US dollars.

Monday, September 9th 2013 - 02:29 UTC

Cristina Fernandez now refers to the IMF chief as “Madame (Christine) Lagarde”

IMF chief Lagarde and Cristina Fernandez

IMF Managing Director ‘Madame (Christine) Lagarde’ had words of support for Argentina’s position in the dispute with ‘vulture’ (hedge) funds during an informal encounter with Argentine officials on the sidelines of the recent G20 summit in Russia.

Saturday, July 20th 2013 - 06:15 UTC

Argentine defaulted bond holders demand ‘strict neutrality’ from the IMF

Shapiro: “there is no role for direct involvement by the IMF in this matter”

A group of Argentine sovereign defaulted bond-holders have blasted the IMF for its announced intention of filing an amicus brief in support of Argentina before the US courts stating that “there is no role for direct involvement by the IMF in this matter” and any intervention by the IMF “favouring Argentina's request would also clearly violate the Fund's strict commitment to neutrality”.

Thursday, July 11th 2013 - 06:43 UTC

IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries

World global growth was trimmed for the fifth time by IMF

The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

Saturday, May 18th 2013 - 06:29 UTC

Economic activity in Argentina expanded 2.6% during March, says Indec

Indec stats on GDP and inflation are questioned by the IMF

Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.

Monday, April 29th 2013 - 20:17 UTC

Argentina transfers 400 million dollars to IMF to have greater access to emergency cash

Alfonso Prat-Gay said the Argentine government is only interested in grabbing the “1.6 billion dollars”

Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash.


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