The International Monetary Fund warned of considerably high price index inflation and seemed sceptic of official GDP growth reports in Argentina as it presented its World Economic Outlook report, although it forecast a 7.5 percent growth, with a strong expansion partly due to the favourable global scenery and a strong trade with Brazil.
“Argentina seeks to service all its debts” said President Cristina Fernández de Kirchner following a meeting with German Chancellor Angela Merkel at the chancellery in Berlin. Mrs. Kirchner is on a three day high profile visit to Germany where she also met with President Christian Wulff in Berlin’s Bellevue Palace.
Progress to restore global financial stability has suffered a setback in advanced economies, the International Monetary Fund said in its latest Global Financial Stability Report, with markets still sensitive to negative surprises.
Countries risk undermining the global economic recovery if they use their currencies to try to boost domestic growth, the head of the International Monetary Fund warned on Tuesday in a newspaper interview.
The policies of extremely low interest rates maintained by the Federal Reserve and the European Central Bank are plunging the world into chaos instead of helping with the recovery of the global economy, the winner of the Nobel Prize in economics, Joseph Stiglitz, said on Tuesday.
Latin America and the Caribbean face potentially crippling economic and social costs from natural disasters and need to do more to reduce risks and prepare government finances to respond to eventual catastrophes, says a new set of indicators by the Inter-American Development Bank (IDB).
Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.
Latin America is poised to expand between 5.5% and 6% this year based on the sustained improvement of commodities pirces, productivity gains and domestic market expansion, said the president of the Inter American Development Bank, IDB, Luis Alberto Moreno.
World Bank president Robert Zoellick expressed concern about the renewed speculation with agriculture commodities which in the last months have seen prices of food in developing countries soar
World Bank President Robert Zoellick said he sees tensions arising from currency devaluations as nations seek to boost their economies, though he doesn’t expect them to turn into “wars.”