Tag: IMF

• Monday, December 12th 2011 - 04:33 UTC

  EU deal ‘is part of the solution, but not the solution’ says IMF chief economist

  

  The agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Euro zone's debt crisis, International Monetary Fund (IMF) chief economist Olivier Blanchard said.

• Friday, December 2nd 2011 - 19:41 UTC

  Brazil ready to support IMF but demands greater power for BRICS countries

  

  Brazil conditioned the disbursement of more funds for the IMF to help countries in crisis to a greater say in the multilateral organization and the advance of European initiatives to solve the current Euro and debt crisis.

• Friday, December 2nd 2011 - 00:08 UTC

  IMF denies Argentine court info on how to calculate inflation: “files are inviolable”

  

  The International Monetary Fund (IMF) avoided replying to an inquiry required by Argentine Judge Alejandro Catania, who handles the case of the lawsuit filed by the Domestic Trade Secretariat against private consulting agencies.

• Wednesday, November 30th 2011 - 06:00 UTC

  Euro zone ministers looking to the IMF to help boost rescue fund

  

  Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a Euro lifetime high of nearly 8%.

• Sunday, November 27th 2011 - 08:11 UTC

  IMF chief praises Latinamerica, which can provide ‘some lessons to the advanced world’

  

  IMF chief Christine Lagarde who this week will be visiting Latinamerica said that Brazil, Mexico and Peru, like to many other countries in the region have done remarkably well over the past few years and can provide some lessons to the advanced countries.

• 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.