Tag: IMF
IMFUK deeper in recession; IMF recommends more stimuli measures
Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.
IMF does not see a ‘nationalization trend’ in South America; Bolivia in compensation talks
The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.
IMF tells Latam good days are not forever and should rebuild ‘defence walls’
The IMF warned Latin America on Wednesday that favourable economic conditions are not for ever and called on the region’s countries to “rebuild defences” ahead of an uncertain economic future.
IMF governing panel calls for more action from Euro zone to prevent recession
Europe was pressed by other world powers to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.
IMF says YPF dispute is a “bilateral affair” and decision of “a sovereign nation”
Argentina managed a first point in the diplomatic dispute with Spain over the nationalization of YPF when the IMF decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation”.
US fully supports IMF in demanding Argentina submits its stats to IMF for review
The US government considers Argentine is obliged to submit its economic statistics to be validated by the IMF, and Washington will support all efforts from the multilateral organization so that the objective can be achieved.
World Bank and France criticize Argentina’s “mistake” and international law breach
Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was strongly criticized by the World Bank president Robert Zoellick and French Foreign Minister Alain Juppé.
Brazilian economy set to grow 3%, but with risks of overheating, says IMF
The Brazilian economy is set to grow 3% in 2012 after the modest 2.7% of last year, but following the relaxation of monetary policy it runs the risk of ‘overheating’, according to the IMF World Economic Outlook, WEO.
IMF estimates less growth (3.5%) and higher prices (7.4%) for Uruguay in 2012
Uruguay growth estimate has been downed for 2012 while prices will be higher, according to the latest IMF World Economic Outlook released on Tuesday. The economy is set to grow 3.5% down from 4.2% while prices will climb to 7.4% compared to the 6.5% estimate of the previous WEO last September.
IMF will make compulsory review of economy in spite of Argentina’s refusal
The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources.
