Tag: IMF

• 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.

• Friday, December 14th 2012 - 20:35 UTC

  “Tackling inflation”, Uruguay’s top priority says IMF and suggests government cuts spending

  

  “Tackling inflation is Uruguay’s priority” said the International Monetary Fund board on Friday after inflation in October climbed to 9.1%. Monetary policy is not enough: the government must make efforts to cut back government spending and moderating wage growth insisted the IMF.

• Friday, December 14th 2012 - 07:30 UTC

  IMF expected to delay action on Argentina on stats dispute until mid January

  

  The IMF said Thursday that it was unlikely to take action on Argentina failure to supply accurate statistical data before January, if the country misses a deadline next Monday.

• Tuesday, December 11th 2012 - 21:33 UTC

  Capital controls debate resurfaces as IMF admits temporary measures to prevent asset bubbles

  

  IMF Managing Director Christine Lagarde on a five day tour of Latin America is expected to outline the lender’s reversal of its decades-old opposition to capital controls, even as Brazil says the new position doesn’t go far enough.

• 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.

• Wednesday, November 21st 2012 - 20:07 UTC

  Brazil increases gold holdings to 52.5 tons, according to the IMF

  

  Brazil increased gold reserves for a second month in October to the highest level in more than 11 years as emerging nations from Kazakhstan to Russia boosted holdings by more than 40 metric tons.

• 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.