Tag: IMF

• Friday, June 22nd 2012 - 08:37 UTC

  Euro area has reached a “critical stage” for the viability of the monetary union, warns the IMF

  

  The Euro area crisis has reached a “critical stage” and member nations must make a “strong commitment” to the shared currency to stop the plunge in investor confidence, the IMF said in a report that recommends issuing common debt as one solution.

• Wednesday, June 20th 2012 - 06:30 UTC

  Countries boost IMF emergency funding to 456 billion dollars

  

  Nations from around the world firmed up their commitments to provide emergency resources for the International Monetary Fund (IMF) designed to deter the spread of crises and increase the institution’s lending capacity to help countries in financial trouble.

• Tuesday, June 19th 2012 - 06:16 UTC

  Largest emerging-market nations will make additional contribution to IMF

  

  The world’s largest emerging-market nations will announce contributions to the IMF’s financial firewall at the Group of 20 summit meeting in Mexico, Brazil’s Finance Minister Guido Mantega announced.

• Wednesday, June 13th 2012 - 06:28 UTC

  Stressed Lagarde’ faux pas: “more shortly than three months to save the Euro”

  

  Action to save the Euro is required in “more shortly than three months,” International Monetary Fund Managing Director Christine Lagarde said in an interview to CNN. The IMF chief response came after a reporter pressured the official to access billionaire investor George Soros’ remarks that Euro leaders had three months to save the Euro.

• Friday, June 1st 2012 - 02:20 UTC

  Spain calls on US and IMF for political support in helping the banking system

  

  The United States and Spain discussed the possibility that direct loans from Europe's emergency fund could be a solution for ailing European banks, Spanish Deputy Prime Minister Soraya Saenz de Santamaria said Thursday.

• Friday, May 25th 2012 - 01:16 UTC

  UK deeper in recession; IMF recommends more stimuli measures

  

  Britain fell deeper into recession than initially thought in the first quarter of 2012 due to a slump in construction output, raising the likelihood that the Bank will opt to inject more stimuli to protect the economy from the Euro zone debt crisis.

• Thursday, May 3rd 2012 - 23:35 UTC

  IMF does not see a ‘nationalization trend’ in South America; Bolivia in compensation talks

  

  The International Monetary Fund (IMF) said it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said on Thursday.

• Thursday, April 26th 2012 - 06:18 UTC

  IMF tells Latam good days are not forever and should rebuild ‘defence walls’

  

  The IMF warned Latin America on Wednesday that favourable economic conditions are not for ever and called on the region’s countries to “rebuild defences” ahead of an uncertain economic future.

• Monday, April 23rd 2012 - 09:40 UTC

  IMF governing panel calls for more action from Euro zone to prevent recession

  

  Europe was pressed by other world powers to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.

• Saturday, April 21st 2012 - 03:56 UTC

  IMF says YPF dispute is a “bilateral affair” and decision of “a sovereign nation”

  

  Argentina managed a first point in the diplomatic dispute with Spain over the nationalization of YPF when the IMF decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation”.