Tag: International Monetary Fund, IMF

• Saturday, June 13th 2015 - 07:17 UTC

  Global share markets slump as Greece nears a default cliff

  

  Shares on European stock markets have fallen amid reports that senior EU officials have discussed a possible Greek default for the first time. The Athens stock exchange closed on Friday nearly 6% lower. Germany's Dax and France's Cac 40 ended more than 1% lower. Shares also fell in the US, with the Dow Jones index dropping 0.8%.

• Friday, June 5th 2015 - 06:22 UTC

  IMF calls on the Fed to keep rates on hold until first half of 2016

  

  The International Monetary Fund urged the Federal Reserve to wait until the first half of 2016 to start raising short-term interest rates because the US economy remains subpar. In its annual checkup of the US economy released Thursday, the IMF said “the underpinnings for continued growth and job creation remain in place.”

• Friday, May 29th 2015 - 09:16 UTC

  G7 finance chiefs meet in Dresden to discuss global recovery, but Greece overshadows

  

  Finance chiefs and central bankers from the Group of Seven economic powers discussed ways to revive the faltering global recovery on Thursday as the United States leant on Europe to reach a deal to avert a Greek bankruptcy. The threat of a Greek default, rising oil prices and bond market volatility are fuelling investor nervousness about the world's economy.

• Saturday, May 16th 2015 - 07:46 UTC

  Levy tries to convince investors in London that Brazil slowdown is temporary

  

  Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

• Friday, May 8th 2015 - 08:13 UTC

  Fed warns stock market levels present 'potential dangers', but sees “no bubbles forming”

  

  The chair of the US Federal Reserve, Janet Yellen, has warned stock market levels present “potential dangers”, insisting current valuations, which have seen key US and UK indicators reach record levels, were “quite high”. However she did not see 'any bubbles forming'.

• Friday, May 1st 2015 - 06:44 UTC

  Leading Argentine economist says that we must admit “IMF is incorrigible”

  

  Economist Aldo Ferrer has said the International Monetary Fund (IMF) was “incorrigible”, questioning the report the multilateral credit organism released this week saying Argentina should devalue on its peso currency and carry out austerity policies to get back on the track of growth.

• Thursday, April 30th 2015 - 01:12 UTC

  IMF insists with gloomy forecasts for Argentina's economy this year and 2016

  

  The International Monetary Fund (IMF) has repeated its forecast of a 0.3% drop in Argentine GDP over the course of 2015, while recommending a devaluation of the Peso and austerity measures in order to stimulate growth in the economy.

• Monday, April 20th 2015 - 06:51 UTC

  Brazil tells IMF it's working with Congress to restore fiscal balance and structural change

  

  Brazil is working with Congress on a broad agenda of structural changes to improve the business climate, increase productivity and set price signals correctly to stimulate investment, announced Finance minister Joaquim Levy in his speech to the International Monetary and Financial Committee (IMFC) this weekend.

• Monday, April 20th 2015 - 06:31 UTC

  IMF warns “lower growth” becoming a relevant challenge over the medium term

  

  The International Monetary Fund warned in a communiqué that while economic growth in developed countries had strengthened, some emerging nations were being hit by weaker commodity prices and exports.

• Friday, April 17th 2015 - 03:26 UTC

  Former IMF director and Spanish minister detained accused of fraud

  

  The former director of the International Monetary Fund (IMF), Spaniard Rodrigo Rato, has been detained by police in Madrid. Rato, who has also been Economy Minister during Spanish President José María Aznar’s administration, is accused of money laundering and fraud.