Tag: IMF

• 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.

• Monday, March 5th 2012 - 05:50 UTC

  Uruguayan economy forecasted to expand 4% to 4.5%; inflation main challenge

  

  Uruguay's economy is poised to expand 4% to 4.5% this year, a moderate slowdown from the growth of just over 6% seen in 2011, the president of the central bank Mario Bergara told reporters during an IMF conference held in Punta del Este.

• Thursday, February 16th 2012 - 07:16 UTC

  Brazil wants open selection process when Zoellick leaves World Bank presidency

  

  Brazil urged the World Bank on Wednesday to give proper consideration to developing country candidates to replace outgoing president Robert Zoellick and not just go with an American.

• Tuesday, February 7th 2012 - 06:09 UTC

  China growth could drop by half in 2012 because of the Euro crisis warns IMF

  

  Economic growth in China could drop by half this year in the event of a sharp recession in Europe, the IMF predicted on Monday in a report that underscored the importance of global trade to the world's second largest economy.

• Friday, February 3rd 2012 - 23:19 UTC

  IMF calls on emerging countries to contribute to increase its war-chest

  

  International Monetary Fund should proceed with talks on increasing the size of its war-chest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said on Friday.

• Friday, February 3rd 2012 - 19:00 UTC

  China has neither the ability or the intention to ‘buy Europe’ says Wen Jibao

  

  China's Premier Wen Jiabao said on Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken Euro zone economies.