Tag: IMF

• Friday, May 13th 2011 - 05:18 UTC

  IMF warns Latam economic boom ‘could end in tears’ if spending is not trimmed

  

  Latin America's economic boom could end in a “full-blown” crisis unless the region's governments properly manage the situation, the International Monetary Fund's top regional official said in an unusually stark warning to both policymakers and investors.

• Wednesday, May 4th 2011 - 23:15 UTC

  IMF warns Latam of ‘complacency’, leading to overheated economies

  

  Economic growth in much of Latin America remains strong, propelled by rising commodity prices, easy financing conditions, and stimulative policies. Growth exceeded 6% in 2010, and while it is projected to moderate to about 4¾% in 2011, the IMF says countries should remove the policy stimulus on a timely basis.

• Tuesday, May 3rd 2011 - 22:52 UTC

  Portugal reaches agreement with EU and IMF for 116 billion dollars bail-out

  

  Portugal’s caretaker Prime Minister Jose Socrates announced Tuesday that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a “good agreement that defends Portugal”.

• Monday, April 25th 2011 - 07:16 UTC

  Former British PM Brown advisor to the World Economic Forum

  

  Former British Prime Minister Gordon Brown has been appointed as an unpaid advisor to the World Economic Forum. He is to be the chairman of a new policy and initiatives co-ordination board.

• Thursday, April 21st 2011 - 06:57 UTC

  IMF says the US lacks a credible plan to cut its deficit in the mid term

  

  The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund's chief economist Olivier Blanchard told French daily Le Monde in an interview published Wednesday.

• Tuesday, April 19th 2011 - 17:30 UTC

  Uruguay admits to IMF concern over inflation, but rejects capital flow controls

  

  Uruguay’s concern with inflation risks and instruments to ‘mitigate’ its impact was underlined by the region’s representative at the IMF Monetary and Financial Committee meeting in Washington where the IMF and World Bank are holding their spring meetings.

• Tuesday, April 19th 2011 - 14:04 UTC

  IMF pounds at emerging and developed countries, but forgets self-criticism

  

  The IMF criticized developing countries for not responding strongly enough to the surge of hot money into their markets, saying the result could be a hard economic landing.

• Monday, April 18th 2011 - 21:51 UTC

  Finland’s anti-Euro strong showing could block Portugal’s bailout negotiation

  

  What’s the link between Portugal's bailout negotiations and Finland? Well negotiations began under a cloud Monday after an anti-Euro party scored big gains in a Finnish election and immediately vowed to derail the pending rescue.

• Saturday, April 16th 2011 - 10:02 UTC

  Argentina has not replied IMF recommendations for an inflation index

  

  IMF Western Hemisphere Director Nicolás Eyzaguirre said the organization had not yet received any official communication from the Argentine government regarding IMF recommendations over its inflation index.

• Saturday, April 16th 2011 - 09:57 UTC

  IMF chief warns on the dangerous cocktail of unemployment and inequality

  

  Economic stability depends on a strong middle class that can propel demand. We will not see this if growth does not lead to decent jobs, or if growth rewards the favoured few over the marginalized many.