Tag: Christine Lagarde

• Tuesday, December 20th 2011 - 01:07 UTC

  IMF chief tells developing countries to prepare for three possible storms

  

  IMF Managing director Christine Lagarde urged on Monday developing countries to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

• Friday, December 16th 2011 - 06:35 UTC

  IMF warns no economy in the world will be immune to the crisis unfolding

  

  The world economic outlook is “quite gloomy” and will require action by all countries, starting with those in Europe, to head off an escalating crisis that carries risks of a global depression, the head of the International Monetary Fund said on Thursday.

• Monday, December 5th 2011 - 05:22 UTC

  Brazil and BRIC beat forecast of the man who coined the term

  

  Ten years ago this week, Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the term BRIC, elevating the profile of four countries, Brazil, Russia, India and China, that he thought were poised to become “growth economies.”

• Friday, December 2nd 2011 - 19:41 UTC

  Brazil ready to support IMF but demands greater power for BRICS countries

  

  Brazil conditioned the disbursement of more funds for the IMF to help countries in crisis to a greater say in the multilateral organization and the advance of European initiatives to solve the current Euro and debt crisis.

• Sunday, November 27th 2011 - 08:11 UTC

  IMF chief praises Latinamerica, which can provide ‘some lessons to the advanced world’

  

  IMF chief Christine Lagarde who this week will be visiting Latinamerica said that Brazil, Mexico and Peru, like to many other countries in the region have done remarkably well over the past few years and can provide some lessons to the advanced countries.

• Sunday, November 27th 2011 - 08:07 UTC

  Lagarde leaves Argentina out of tour for not complying with understanding

  

  IMF chief specifically excluded Argentina from its coming Latinamerican tour because the government of President Cristina Fernandez still has to comply with what was agreed last July, basically normalizing the controversial INDEC stats office and open its books to auditing as happens with all other members of the G20.

• Friday, November 18th 2011 - 06:32 UTC

  IMF chief Lagarde to visit Peru, Mexico and Brazil end of the month

  

  The Managing Director of the IMF Christine Lagarde will be making her first official tour of Latin America when she visits Peru, Mexico and Brazil at the end of November and beginning of December according to spokesperson David Hawley.

• Thursday, November 10th 2011 - 08:17 UTC

  Euro crisis: IMF chief warns of a “lost decade”; China calls for strong political will

  

  The head of the IMF warned on Wednesday that Europe's debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence.

• Thursday, November 3rd 2011 - 08:17 UTC

  BRICS ‘leaders scheduled to decide on common stance before the G20 summit'

  

  Brazilian president Dilma Rousseff said that solutions to European and global economic difficulties need to promote economic growth and employment. Ms Rousseff arrived Wednesday in France for the summit of G-20 leaders this week, but before will be meeting with peers from the BRICS group to work out a common stance.

• Wednesday, November 2nd 2011 - 20:35 UTC

  Germany/France lashes out at Papandreou and establish mid-December deadline

  

  Germany and France told Greece on Wednesday it should make up its mind by mid-December whether it wants to stay in the Euro zone when Greeks vote on a 130-billion-Euro bailout.