Tag: IMF

• Thursday, September 15th 2011 - 18:52 UTC

  Lagarde to Mantega: BRIC offer should not be limited to EU safe bonds

  

  The International Monetary Fund hopes investments in European bonds by the fast-growing BRIC (Brazil, Russia, India and China) economies are not limited to less risky government bonds such as German or British bonds, IMF managing director Christine Lagarde said in an Italian daily on Wednesday.

• Thursday, September 15th 2011 - 07:11 UTC

  Italy approves austerity plan; IMF says now “measures must be implemented”

  

  The Italian parliament gave final approval on Wednesday to a much-altered austerity plan aimed at stemming a debt crisis engulfing the euro zone's third largest economy.

• Monday, September 12th 2011 - 02:05 UTC

  G8 and Mid East pledge 38bn dollars for Arab spring transition to democracy

  

  Western and Middle Eastern governments pledged to help Egypt, Tunisia, Morocco and Jordan make the transition to democracy, mobilizing 38 billion dollars of financing, mostly through international lending organizations.

• Saturday, September 10th 2011 - 06:22 UTC

  IMF chief calls on economic leaders to act with “conviction and urgency”

  

  Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a “dangerous new phase” of recovery.

• Sunday, September 4th 2011 - 23:48 UTC

  IMF calls on Europe and the US to stimulate economic growth

  

  IMF chief Christine Lagarde said in an interview released that Europe and the United States should consider stimulating economic growth, if the situation permits, to offset a crisis of confidence hitting the global economy.

• Wednesday, August 31st 2011 - 00:47 UTC

  Warm reception for Strauss-Kahn in his first return to the IMF

  

  Former IMF chief Dominique Strauss-Kahn apologized Monday to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week. He was greeted with warm applause.

• Monday, August 29th 2011 - 03:30 UTC

  “Macroeconomics policies must support growth” warns IMF chief Lagarde

  

  The new head of the IMF urged global policymakers to pursue urgent coordinated action, including the mandatory recapitalization of European banks, or risk descent into renewed world recession.

• Saturday, August 27th 2011 - 07:25 UTC

  Ex IMF chief is given back passport and can travel a free man

  

  Dominique Strauss-Kahn was given back his passport on Thursday, his legal team said, clearing the way for the former IMF head to travel abroad for the first time since his arrest three months ago on sex crime charges.

• Thursday, August 11th 2011 - 23:17 UTC

  Unasur planning an emergency fund to help contain capital flight attacks

  

  The Unions of South American Nations, Unasur, finance officials are considering creating a 10 to 20 billion dollars emergency fund to assist nations that experience capital flight should the global economic crisis deepen, according to financial sources.

• Thursday, August 4th 2011 - 22:18 UTC

  Bank of England adopts ‘wait and see’ attitude amid world turbulence

  

  The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.