Tag: IMF

• Sunday, November 27th 2011 - 08:07 UTC

  Lagarde leaves Argentina out of tour for not complying with understanding

  

  IMF chief specifically excluded Argentina from its coming Latinamerican tour because the government of President Cristina Fernandez still has to comply with what was agreed last July, basically normalizing the controversial INDEC stats office and open its books to auditing as happens with all other members of the G20.

• Saturday, November 19th 2011 - 05:44 UTC

  Greece submits austerity budget, but political differences surface in coalition

  

  Greece's new government took a first step on Friday towards meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

• Friday, November 18th 2011 - 06:32 UTC

  IMF chief Lagarde to visit Peru, Mexico and Brazil end of the month

  

  The Managing Director of the IMF Christine Lagarde will be making her first official tour of Latin America when she visits Peru, Mexico and Brazil at the end of November and beginning of December according to spokesperson David Hawley.

• Thursday, November 17th 2011 - 03:45 UTC

  Euro crisis had heads rolling in the IMF; European Department chief removed

  

  The head of the International Monetary Fund's European department quit less than a year into the job and was replaced by a veteran staffer as the European debt crisis worsens.

• Monday, November 14th 2011 - 16:48 UTC

  Uruguay has become an IMF creditor and contributed to bail-out Ireland

  

  Uruguay has become a net creditor of the International Monetary Fund and given this condition has helped in the bailing out of such countries as Ireland and Angola, revealed a top authority of the Central Bank during a hearing before the country’s Senate’s Finance Committee.

• Thursday, November 10th 2011 - 08:17 UTC

  Euro crisis: IMF chief warns of a “lost decade”; China calls for strong political will

  

  The head of the IMF warned on Wednesday that Europe's debt crisis risked plunging the global economy into a “lost decade” and said it was up to rich nations to shoulder the burden of restoring growth and confidence.

• Thursday, November 10th 2011 - 07:36 UTC

  Obama/CFK meeting “warm” but Argentina must pay its debts

  

  The US referred to last week’s meeting between Barack Obama and President Cristina Fernández as “warm,” but once again “encouraged” Argentina to pay off the debt it holds with US bondholders and companies.

• Tuesday, November 8th 2011 - 08:03 UTC

  Emerging nations ready to support the Euro but demand IMF reforms

  

  Major emerging economies are ready to provide financial help to the Euro zone via the International Monetary Fund but in return want commitments to reform the IMF to be implemented, Russian Foreign Minister Sergei Lavrov said Monday.

• Monday, October 31st 2011 - 20:12 UTC

  For Euro aid package to work “all elements must be implemented” says Germany

  

  The package of measures agreed by European leaders this month to stem their debt crisis will only work “if all elements are implemented”, German Deputy Finance Minister Joerg Asmussen said in an interview Monday.

• Thursday, October 27th 2011 - 06:05 UTC

  EU leaders reach a deal on Greek debt and boosting bailout fund to 1.4 trillion

  

  European Union leaders announced an agreement early Thursday in Brussels on debt crisis measures including a hard-fought deal with private sector investors to write down Greek bonds by 50%.