Tag: IMF

• 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.

• 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.

• Saturday, October 20th 2012 - 05:44 UTC

  Argentina and Colombia dispute place as second largest South American economy

  

  Argentine Economy minister Hernan Lorenzino struck back at Colombia’s claim that it has overtaken his country to become South America’s second largest economy behind Brazil.

• Tuesday, October 16th 2012 - 00:07 UTC

  Brazil insists in criticizing US monetary policy, but “we are prepared”

  

  Brazil’s central bank president Alexandre Tombini refuted on Monday arguments that the US expansionist monetary policy do not harm emerging countries such as Brazil.

• 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.

• Monday, October 15th 2012 - 07:50 UTC

  Brazil good at global PR, but loses ground as an IMF group leader

  

  A good one and a bad one for Brazil: The New York Times announced on Sunday that it will launch an online edition Portuguese language edition in 2013 given the country’s growing global clout, but on the other hand Brazil’s nine nation constituency at the IMF will lose a member, Colombia that will join Mexico.