Tag: IMF

Tuesday, July 30th 2019 - 09:35 UTC
France leading the search for the next head of the IMF

France is seen supporting Kristalina Georgieva to be the next head of the International Monetary Fund as the EU seeks to agree on a single candidate ahead of the lender's Sept 6 deadline, according to several European officials familiar with the deliberations.
Friday, July 12th 2019 - 10:26 UTC
The IMF will release another $ 5.4 billion today for Argentina

Mauricio Macri’s Government must guarantee that with the new disbursement in favor of Argentina for USD 5.4 billion that the International Monetary Fund (IMF) will sign this Friday will comply with all the deadlines agreed for this year. This new disbursement is given after the approval of the quarterly goals to March by the technical staff of the fund.
Wednesday, July 3rd 2019 - 09:38 UTC
Lagarde's departure thrusts the IMF into an unanticipated search for a new leader

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
Tuesday, July 2nd 2019 - 09:49 UTC
ITUC: “IMF program in Argentina has failed to deliver on its promises”

One year since its start, it has become clear that the IMF program in Argentina has failed to deliver on its promises to fix the economy while protecting the most vulnerable. Despite the worsening economy, large human costs, and a significant downward adjustment of growth projections, the IMF is doubling down on its austerity approach and requiring additional spending cuts to meet budget targets.
Friday, June 28th 2019 - 09:50 UTC
IMF's financial deal with Argentina “harmful” and will be “reworked”, anticipates main opposition candidate

Alberto Fernandez, the main challenger to incumbent President Mauricio Macri in October elections, said on Thursday that if elected he would seek to “rework” Argentina’s huge financing deal with the International Monetary Fund, calling it “harmful.”
Tuesday, June 25th 2019 - 09:51 UTC
The Economist: “In Argentina, the IMF has been neither toxic nor triumphant”

“What good is it to throw a man ten feet of rope if he is drowning in 20 feet of water?” asked Kenneth Rogoff, former chief economist of the IMF, to The Economist 15 years ago. His question still bothers the institution he used to advise.
Monday, June 10th 2019 - 08:37 UTC
IMF fears the impact on the financial system of the power of a a few giant technology companies

Giant technology companies might cause significant disruption to the world's financial system, the head of the International Monetary Fund has warned. Christine Lagarde said just a few firms with big data access and artificial intelligence could run the global payment and settlement arrangements.
Thursday, June 6th 2019 - 09:59 UTC
Lagarde admits underestimating the Argentine economic situation

The International Monetary Fund, IMF, admitted on Wednesday that it had underestimated the “incredibly complicated situation” of the Argentine economy and also that taming inflation had taken much longer than originally expected.
Tuesday, May 28th 2019 - 09:35 UTC
IMF contradicts Trump: US companies and consumers are paying for the higher tariffs on Chinese imports

Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.
Saturday, April 27th 2019 - 09:59 UTC
With markets and assets falling, Argentina becomes a magnet for bargain hunters

Argentine assets have tumbled so far, so fast that a few stout-hearted investors say it might be time to buy. “Find me a high-yield sovereign country with an IMF program paying so generously,” said Jean-Dominique Butikofer, the Atlanta-based head of emerging-market fixed income at Voya Investment Management, which oversees about US$ 205 billion.