Tag: IMF

• Monday, October 28th 2013 - 05:33 UTC

  Rousseff and Mantega dispute IMF report on Brazil as 'incoherent'

  

  Brazilian President Dilma Rousseff responded to the International Monetary Fund concern over the country's fiscal situation, saying Brazil was fulfilling its responsibilities. IMF claimed that Brazil's competitiveness had eroded in recent months and downgraded the country's growth forecast from 4.25% to 3.5%.

• Wednesday, October 16th 2013 - 08:16 UTC

  Official September inflation in Argentina 0.8%, less than half the so called Congress index

  

  The Argentine government official Consumer Prices Index climbed 0.8% in September over August and reached 7.4% in the first nine months of the year, according to the National Stats Institute, Indec.

• Wednesday, October 9th 2013 - 05:28 UTC

  IMF forecasts higher growth for Argentina this year, but reliability of official stats remains controversial

  

  Argentina’s growth has recovered because of an abundant crop but economic activity continues to be contained because of the exchange rate and other administrative controls, according to the IMF latest World Economic Outlook (WHE), Latam and Caribbean chapter released on Tuesday. The IMF statement refers to Argentina’s export duties and the so called ‘dollar clamp’ which bans even saving in US dollars.

• 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.

• Saturday, July 20th 2013 - 06:15 UTC

  Argentine defaulted bond holders demand ‘strict neutrality’ from the IMF

  

  A group of Argentine sovereign defaulted bond-holders have blasted the IMF for its announced intention of filing an amicus brief in support of Argentina before the US courts stating that “there is no role for direct involvement by the IMF in this matter” and any intervention by the IMF “favouring Argentina's request would also clearly violate the Fund's strict commitment to neutrality”.

• Thursday, July 11th 2013 - 06:43 UTC

  IMF: US pull-back from stimulus could trigger reversal in capital flows and hurt developing countries

  

  The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries.

• Saturday, May 18th 2013 - 06:29 UTC

  Economic activity in Argentina expanded 2.6% during March, says Indec

  

  Argentina's economic activity expanded 2.6% in March from a year earlier and 0.7% over February, the national statistics institute Indec said on Friday. Accumulated growth in the 12 months through March was 1.3%, down from 1.9% in full-year 2012.

• Monday, April 29th 2013 - 20:17 UTC

  Argentina transfers 400 million dollars to IMF to have greater access to emergency cash

  

  Argentina which the IMF censured for underreporting inflation less than three months ago after three warnings over the past two years, last week authorized the deposit of 400 million dollars with the Washington-based lender to increase the nation’s access to emergency cash.

• Thursday, April 18th 2013 - 02:47 UTC

  IMF admits price-asset bubbles tells Latam financial sector ‘to keep their guard up’

  

  The International Monetary Fund (IMF) stated on Wednesday that both financial and banking sectors in Latin America “should keep their guards up” before the recent and fast growth of the credit, though the lender doesn’t see any overheat of the region’s economy.

• Saturday, February 16th 2013 - 20:39 UTC

  Cristina Fernandez inflation index for January less than half private estimates

  

  Official inflation in Argentina increased 1.1% in January compared to the previous month, Indec national statistics bureau reported on Friday. The hike in prices was led by transport as train and bus fares increased by 6.1%. The annualized rate jumped to 11.1%.