Tag: Christine Lagarde

• 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.

• Sunday, June 16th 2013 - 13:40 UTC

  US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

  

  United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.

• Thursday, June 6th 2013 - 23:21 UTC

  IMF admits mistakes in Greece, fearing the spill of problems to the rest of Europe

  

  The International Monetary Fund admitted it had to lower its normal standards for debt sustainability to bail out Greece, and its projections for the Greek economy may have been overly optimistic.

• Friday, May 3rd 2013 - 02:24 UTC

  EU “nightmare of unemployment” debate reaches ECB, which cuts rates to record low 0.5%

  

  The European Central Bank cut interest rates to a new record low on Thursday amid a chorus of calls for the Euro zone to focus on growth to end a “nightmare of unemployment” in the bloc. It was the first cut in ten months.

• Monday, April 1st 2013 - 09:38 UTC

  IMF board of directors continues to support Christine Lagarde

  

  International Monetary Fund Managing Director Christine Lagarde, whose Paris apartment was searched by police March 20 in a case involving businessman Bernard Tapie, retains the backing of the board of directors, an IMF spokesman said.

• Saturday, February 2nd 2013 - 20:07 UTC

  Argentina lashes back at the IMF but announces new CPI for this year

  

  Following Friday’s IMF ‘declaration of censure’ on Argentina because of the lack of reliability in its inflation and GDP stats, and the country’s first reaction virtually describing the Fund as mother of all financial evils, Minister of Economy Hernan Lorenzino announced a new ‘national’ Consumers Prices Index to be implemented in the course of this year and which will replace the current GBA-IPC.

• Friday, February 1st 2013 - 23:02 UTC

  IMF censures Argentina; ‘remedial measures’ expected by September

  

  Argentina became the first country censured by the International Monetary Fund for not sharing accurate data on inflation and economic growth under a procedure that can end in expulsion. The declaration of censure was adopted Friday by the IMF 24-member board of directors and even if it doesn’t have immediate effects, the decision takes the country a step closer to sanctions that include barred access to IMF loans.

• Tuesday, December 18th 2012 - 03:56 UTC

  IMF board to consider Argentina’s stats case at the end of January

  

  The board of directors of the International Monetary Fund will again meet at the end of January to debate Argentina’s improvement in the quality of its official economic index, IMF spokesman announced on Monday.

• Friday, December 14th 2012 - 20:43 UTC

  IMF praises Chile as one of the most stable and prosperous nations in the region

  

  IMF Managing Director Christine Lagarde described Chile as one the most stable and prosperous nations in South America which has enjoyed robust growth over the last decade, but also warned it remains exposed to shifts in commodity prices.