Tag: Christine Lagarde

• Tuesday, October 8th 2013 - 18:32 UTC

  IMF forecasts sluggish expansion in developing world; trims global output estimate

  

  The International Monetary Fund trimmed its forecasts for global output for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world

• Friday, September 20th 2013 - 07:58 UTC

  IMF sides with Obama calls on Republicans to bury political differences

  

  The International Monetary Fund urged US policymakers to support major reforms at the global lender and bury political differences over the budget to ease one source of risk to the economy and markets.

• Monday, September 9th 2013 - 02:29 UTC

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

  

  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.

• Friday, August 2nd 2013 - 03:55 UTC

  Brazil supports IMF aid to Greece and summons delegate back home to explain

  

  Brazil on Thursday expressed support for the IMF latest aid package for Greece, disavowing its IMF delegate who abstained in a vote on the issue. Finance Minister Guido Mantega spoke with IMF chief Christine Lagarde and backed the Fund's decision to release 1.7 billion Euros in rescue loans to ailing Greece Monday, his spokesman said.

• Friday, August 2nd 2013 - 03:49 UTC

  Lagarde again warns Argentina about the need for ‘credible stats’

  

  The Managing Director of the International Monetary Fund (IMF) Christine Lagarde has once more requested that Argentina present economic figures based on “trustworthy and credible numbers and statistics”.

• Wednesday, July 24th 2013 - 06:59 UTC

  IMF backs down from siding with Argentina before the US Supreme Court on hedge funds case

  

  The International Monetary Fund no longer plans to ask the U.S. Supreme Court to review Argentina's case in its decade-old legal battle with holdout creditors due to a lack of support from the U.S. government, the IMF said on Tuesday.

• Monday, July 22nd 2013 - 06:41 UTC

  US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal

  

  The US Supreme Court gave hedge funds another month to present their reply following on the request from the Argentine government to review the sentence handed down by Judge Thomas Griesa and partially supported by the Appeals Court.

• Saturday, July 20th 2013 - 06:34 UTC

  Falkland Islands brought into the IMF-siding-with-Argentina controversy

  

  The IMF decision to side with Argentina in its dispute with the US hedge funds has triggered strong criticism in the UK and the issue was brought up in Parliament, according to a piece in the Daily and Sunday Express under the heading: “The British cash cow: Fury as UK money helps Argentina fight £66bn debt”.

• Thursday, July 18th 2013 - 08:35 UTC

  IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

  

  In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.

• Wednesday, July 17th 2013 - 22:12 UTC

  Fed says asset purchases will remains above all flexible to market conditions

  

  Federal Reserve Chairman Ben Bernanke said on Wednesday the US central bank still expects to start scaling back its massive asset purchase program later this year but left open the option of changing that plan in either direction if the economic outlook shifted.