Tag: IMF

• Thursday, October 11th 2012 - 04:09 UTC

  S&P cuts Spain’s credit rating to BBB minus just above junk territory

  

  Standard & Poor's cut Spain's sovereign credit rating to BBB-minus, just above junk territory, citing a deepening economic recession that is limiting the government's policy options to arrest the slide.

• Wednesday, October 10th 2012 - 09:07 UTC

  IMF estimates Argentina 2012 growth below government target but above private forecasts

  

  Argentina will grow 2.6% in 2012 according to the IMF latest World Economic Outlook, which is below the 3.4% estimated by President Cristina Fernandez administration for this year’s budget.

• Wednesday, October 10th 2012 - 08:49 UTC

  ‘Hour of reckoning’ speech for Cameron’s future at Tory conference

  

  Britain must cut its budget deficit and fix its economy or face long-term decline, Conservative Prime Minister David Cameron will say on Wednesday, seeking to convince voters that his austerity plan is the only way forward.

• Tuesday, October 9th 2012 - 02:48 UTC

  IMF cuts Latam growth forecast to 3.2% and 2.9% in 2013; Brazil 1.5% and 4%

  

  The IMF cut its growth forecasts on Monday for Latin America and its largest economy Brazil, against a backdrop of deteriorating global growth and contagion risks if the Euro zone crisis deepens and China's growth slows more than expected.

• Thursday, October 4th 2012 - 06:45 UTC

  Economic crisis still has six years before returning to decent shape”, says IMF

  

  It will take at least ten years for the world economy to recover from the economic crisis that started in 2007 and to get back to the normal shape, International Monetary Fund Chief Economist Olivier Blanchard said in an interview published on Wednesday.

• Wednesday, September 26th 2012 - 00:45 UTC

  Argentina hits back at Lagarde: “this is not a football match and we are a sovereign nation”

  

  Argentina's President Cristina Fernandez hit back at the IMF on Tuesday for warning her country about bad stats data, saying her nation is sovereign and would not be subjected to threats of any kind.

• Tuesday, September 25th 2012 - 08:15 UTC

  IMF to cut global growth forecast because of Euro crisis and US ‘fiscal cliff’

  

  The International Monetary Fund is set to cut its forecast for global growth next month when it updates its projections for the world economy, the head of the IMF said.

• Thursday, September 20th 2012 - 22:59 UTC

  Finance minister tells Congress world crisis will not affect Argentina

  

  Finance minister Hernan Lorenzino said on Thursday that the international crisis will not affect Argentina and attributed this to the policy of drastically cutting the country’s sovereign debt which now stands at only 40% of GDP.

• Wednesday, September 19th 2012 - 05:55 UTC

  IMF, World Bank annual meetings return to South America after 48 years

  

  The 2015 Annual Meetings of the World Bank Group and the International Monetary Fund will take place in Lima, Peru, in October 2015, following a vote by the Boards of Governors of the two institutions.

• Tuesday, September 18th 2012 - 06:53 UTC

  IMF delays report on Argentina’ controversial economic data reporting

  

  The International Monetary Fund (IMF) decided it will not “release any communiqué regarding Christine Lagarde report over Argentina's statistics,” the press department announced. It is expected that the report with the analysis of the Board of Directors will be released on Tuesday.