Tag: IMF

• 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.

• Friday, September 7th 2012 - 06:04 UTC

  IMF showed strong support for ECB new framework in support of the Euro

  

  Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the Euro zone debt crisis, deeming Thursday’s action 'an important step toward strengthening stability and growth.'

• Monday, September 3rd 2012 - 06:20 UTC

  Spanish PM Rajoy challenges the European central bank and Germany

  

  Spain will consider seeking extra aid from Europe on top of a 100 billion Euro rescue of its financial sector but does not see any need for new conditions, Prime Minister Mariano Rajoy said in an interview published in European newspapers.

• Friday, August 31st 2012 - 05:08 UTC

  Argentina surprised by Germany, which voted against granting a loan at the IDB

  

  “We’re a free country with dignity and national pride; we are nobody’s employee or subordinate” challenged Argentine president Cristina Fernandez after it was revealed that the US, Spain and Germany at the Inter American Development bank (IDB) had voted against granting the country a loan.