Tag: IMF

• Friday, August 3rd 2012 - 08:06 UTC

  IMF calls for “policy game changer” in the Euro zone to arrest spread of debt crisis

  

  The IMF called on Thursday for a “policy game changer” in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.

• Thursday, August 2nd 2012 - 07:20 UTC

  IMF praise for Brazil’s financial system but warns of home-grown risks

  

  Thanks to sound policies and built-in cushions, Brazil’s financial system weathered the global crisis that began in 2008 remarkably well, but now policymakers need to monitor for signs of home-grown financial trouble, the IMF said in its later report.

• Tuesday, July 31st 2012 - 04:04 UTC

  Cristina Fernandez prepares another ‘independence day’ celebration next Friday

  

  Argentina is ready to cancel next Friday a bond issue which was handed out to residents with bank deposits victims of the so called “corralito” (paddock) in 2002 when the collapse of the Argentine economy and financial system.

• Wednesday, July 25th 2012 - 22:02 UTC

  China growth highly vulnerable to the Euro zone crisis warns the IMF

  

  The International Monetary Fund (IMF) has warned that the worsening debt crisis in the Euro zone poses a “key risk” to China's growth. IMF added that China also faces domestic risks, not least from a sharper-than-anticipated decline in the property market.

• Monday, July 23rd 2012 - 08:41 UTC

  Euro-zone countdown for Greece: Germany and IMF will not yield on austerity measures

  

  German Finance Minister Wolfgang Schaeuble warned Greece in a newspaper interview Monday that it must redouble efforts to comply with bailout conditions imposed by international creditors. “If there were delays, Greece must make up for them,” he told the daily Bild.

• Saturday, July 21st 2012 - 07:38 UTC

  Brazilian government cuts 2012 growth forecast from 4.5% to 3%

  

  The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank.

• Saturday, July 21st 2012 - 00:16 UTC

  Senior economist “ashamed” of having worked for IMF; blasts power-play

  

  A senior economist at the International Monetary Fund spearheading the bailouts of three Euro zone countries has lambasted its lack of leadership and said its first female chief is not fit for the job.

• Thursday, July 19th 2012 - 18:45 UTC

  Spanish banks have 155.8bn Euros in ‘doubtful loans’, the highest since 1994

  

  Spain's banks had 155.84bn Euros of loans on their books in May that are at risk of not being repaid, the highest since 1994.

• Saturday, July 14th 2012 - 07:17 UTC

  Chile and Peru, best performing economies of the region leave rates unchanged

  

  Chile and Peru opted this week against following the lead set by nations from Brazil to South Korea in cutting interest rates as economic growth and slowing inflation in the Pacific neighbors gave central bankers little reason to change monetary policy

• Tuesday, July 3rd 2012 - 18:56 UTC

  IMF praises Germany; suggests more stimuli to a tepid performing US economy

  

  An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks.”