Tag: IMF

• Friday, April 20th 2012 - 04:44 UTC

  US fully supports IMF in demanding Argentina submits its stats to IMF for review

  

  The US government considers Argentine is obliged to submit its economic statistics to be validated by the IMF, and Washington will support all efforts from the multilateral organization so that the objective can be achieved.

• Thursday, April 19th 2012 - 19:38 UTC

  World Bank and France criticize Argentina’s “mistake” and international law breach

  

  Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, was strongly criticized by the World Bank president Robert Zoellick and French Foreign Minister Alain Juppé.

• Wednesday, April 18th 2012 - 08:23 UTC

  Brazilian economy set to grow 3%, but with risks of overheating, says IMF

  

  The Brazilian economy is set to grow 3% in 2012 after the modest 2.7% of last year, but following the relaxation of monetary policy it runs the risk of ‘overheating’, according to the IMF World Economic Outlook, WEO.

• Tuesday, April 17th 2012 - 20:04 UTC

  IMF estimates less growth (3.5%) and higher prices (7.4%) for Uruguay in 2012

  

  Uruguay growth estimate has been downed for 2012 while prices will be higher, according to the latest IMF World Economic Outlook released on Tuesday. The economy is set to grow 3.5% down from 4.2% while prices will climb to 7.4% compared to the 6.5% estimate of the previous WEO last September.

• Wednesday, April 11th 2012 - 16:59 UTC

  IMF will make compulsory review of economy in spite of Argentina’s refusal

  

  The International Monetary Fund will make a compulsory review of Argentina’s economy because of the country’s refusal to allow the multilateral organization to examine its finances since 2006, the Buenos Aires media reported on Wednesday quoting IMF sources.

• Wednesday, April 11th 2012 - 00:30 UTC

  IMF analyzes impact of household debt and soaring house prices on recessions

  

  Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released by the International Monetary Fund. For that matter, the IMF has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth.

• Thursday, April 5th 2012 - 15:36 UTC

  IMF warns world recovery is very fragile; policy makers should not become complacent

  

  IMF Managing Director Christine Lagarde said the world economy is still in recession and the recovery remains fragile as she warned that, although some progress has been made, the global economic situation is not ideal yet. “We should not delude ourselves into a false sense of security,” she alerted.

• Thursday, March 15th 2012 - 06:09 UTC

  IMF confirms closing offices in Mongolia, Lebanon and G-20 member Argentina

  

  The International Monetary Fund (IMF) will close its Buenos Aires office in protest to Domestic Trade Secretary Guillermo Moreno’s decision to accuse the organization in court, urging it to explain how it calculates Argentina’s inflation rate, sources said.

• Monday, March 12th 2012 - 07:29 UTC

  End of a long stormy relation: IMF to close office in Buenos Aires

  

  In a surprise move the IMF has decided to close its office in Buenos Aires and Argentine issues will be managed and formally addressed from Peru, according to a report from La Nacion, quoting IMF sources.

• Monday, March 5th 2012 - 05:56 UTC

  Inter American bank does not trust Argentine official stats, uses private estimates

  

  Argentina must solve the controversy over the measurement of inflation which has significant economic and political costs, said Eugenio Diaz-Bonilla the Inter American Development Bank, IADB, director for Argentina and Haiti.