Tag: Christine Lagarde

• Tuesday, December 11th 2012 - 18:15 UTC

  Lagarde praises the Colombian economy and its potential support for IMF

  

  The IMF Managing Director Christine Lagarde praised Colombia as a member with the capacity to support the multilateral organization with “funds” and “services”, something which in the past was not possible. Lagarde made the comments after meeting with Colombian president Juan Manuel Santos in Bogotá where she underlined the “magnificent moment” of the Andean country’s economy.

• Monday, December 3rd 2012 - 06:01 UTC

  IMF reminds Argentina it must deliver a report on statistics advances by Dec 17

  

  The IMF ratified last week that by December 17 Argentina must reply to Managing Director Christine Lagarde on the latest advances referred to the country’s statistics both on inflation and GDP growth.

• Saturday, November 17th 2012 - 23:09 UTC

  IMF questions plan to restructure Greek debt: “pls reality, not wishful thinking”

  

  An agreement among Greece's international creditors on reducing its large debt pile should be “rooted in reality and not in wishful thinking,” the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

• Thursday, November 15th 2012 - 23:05 UTC

  IMF remembers Argentina that on 17 Dec it will assess quality of official stats

  

  The International Monetary Fund ratified on Thursday that “on December 17” it will assess the “quality of Argentine statistics, particularly those referred to inflation”, an issue over which it had already warned the administration of President Cristina Fernandez.

• Wednesday, November 7th 2012 - 04:34 UTC

  Ex Mexican finance minister named IMF Western Hemisphere director

  

  Mexican economist Alejandro Werner was named on Tuesday to the position of IMF Director, Western Hemisphere Department. His appointment will become effective early in January 2013. Mr. Werner succeeds Mr. Nicolas Eyzáguirre, who resigned effective July 26, 2012.

• Tuesday, November 6th 2012 - 06:56 UTC

  G20 adopts soft approach on deficits fearing risks of worsening the slowdown

  

  The world's leading economies gave themselves a bit more space on Monday to meet targets for cutting budget deficits rather than risk worsening a slowdown in many countries, chief among them the United States.

• Monday, October 15th 2012 - 18:48 UTC

  Bernanke replies to Brazil and IMF on rich countries monetary easing controversy

  

  Federal Reserve chairman Ben Bernanke has defended the central bank's measures to bolster the US economy. Brazil has said US monetary easing to keep interest rates low and weaken the dollar has hurt emerging economies. And IMF chief Christine Lagarde warned on Sunday of consequent asset bubbles developing in emerging nations.

• Thursday, October 11th 2012 - 23:28 UTC

  IMF asks for “a bit more time” for Greece and Spain but Germany says it will affect confidence

  

  The IMF on Thursday backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

• Thursday, October 11th 2012 - 04:09 UTC

  S&P cuts Spain’s credit rating to BBB minus just above junk territory

  

  Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.

• Wednesday, October 10th 2012 - 09:07 UTC

  IMF estimates Argentina 2012 growth below government target but above private forecasts

  

  Argentina will grow 2.6% in 2012 according to the IMF latest World Economic Outlook, which is below the 3.4% estimated by President Cristina Fernandez administration for this year’s budget.