Tag: IMF

• Thursday, June 30th 2011 - 06:58 UTC

  IMF urges a political agreement on the US federal debt ceiling

  

  Failure by US lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a “severe shock” to a still fragile recovery and global markets, the International Monetary Fund warned.

• Thursday, June 23rd 2011 - 22:49 UTC

  Former IMF head admits to made many silly mistakes and errors with Argentina

  

  Former managing director of the IMF, Michel Camdessus admitted Thursday in Buenos Aires that during his time working for the organization, they 'made many mistakes with Argentina,' particularly highlighting the 90s.

• Thursday, June 23rd 2011 - 08:58 UTC

  A Uruguayan debt ‘profiling’, an option to help Greece avoid defaulting

  

  With Greece on the precipice of financial collapse and a full Euro confidence crisis looming while EU leaders can’t agree on the next steps, the example of Uruguay in 2002/03 stands out as a successful smart way out of the crisis that spilt over from neighbouring Argentina.

• Thursday, June 16th 2011 - 13:26 UTC

  Banco do Brasil plans to expand into Chile, Peru and Colombia

  

  Banco do Brasil, Latin America’s biggest bank by assets, is considering buying lenders in Colombia, Peru and Chile to attract corporate clients and increase business with Brazilian companies in the region. Last month the bank announced the reopening of its branch in Montevideo, Uruguay.

• Thursday, June 9th 2011 - 22:26 UTC

  IMF says US does not need additional monetary stimulus

  

  The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.

• Tuesday, June 7th 2011 - 03:27 UTC

  IMF backs UK plan to reduce deficit but warns on weak growth

  

  The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.

• Saturday, May 28th 2011 - 07:24 UTC

  Even if US tightens liquidity, hot money to emerging economies will continue

  

  Capital flows to emerging markets won’t significantly slow when the US Federal Reserve ends its bond-purchasing program known as quantitative easing, said Olivier Blanchard, chief economist at the IMF.

• Wednesday, May 25th 2011 - 07:00 UTC

  BRIC countries slam Europe’s ‘obsolete grip’ on the IMF top job

  

  Top emerging economies joined forces to slam Europe's “obsolete” grip on the IMF top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

• Monday, May 23rd 2011 - 06:01 UTC

  Mexico Casterns throws his hat into the IMF MD election ring

  

  Mexico central bank Governor Agustin Carstens will be presented as a candidate for managing director of the IMF, the Finance Ministry said in an e-mailed statement Sunday.

• Sunday, May 22nd 2011 - 12:32 UTC

  European powers endorse French minister Lagarde as next IMF chief

  

  European leaders raced Saturday to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit in France next week, with French Economy Minister Christine Lagarde in pole position.