Tag: IMF

• Wednesday, December 8th 2010 - 04:56 UTC

  IMF criticizes Europe’s disjointed response to the Euro debt crisis

  

  The head of the International Monetary Fund criticized Europe's disjointed response to the Euro zone debt crisis after Germany and other states resisted his calls for bolder action.

• Friday, December 3rd 2010 - 06:18 UTC

  IMF chiefs rules out double-dip recession, praises South American countries

  

  IMF Managing Director Dominique Strauss-Kahn ruled out any possibility of an impending double-dip recession even as he warned against downward risks posing the countries while they were recuperating, albeit languidly.

• Friday, December 3rd 2010 - 06:13 UTC

  IMF prepares for crisis scenario: plans to double lending capacity to 450 billion

  

  IMF expects to double its lending capacity to 450 billion US dollars over the next few months, giving it additional firepower to deal with the sovereign-debt crisis engulfing Europe, according to IMF officials and documents.

• Wednesday, November 24th 2010 - 20:21 UTC

  IMF mission arrives in Buenos Aires first week of December

  

  The International Monetary Fund confirmed Argentina’s request for technical assistance on the elaboration of a Consumer Price Index (CPI). In a statement release by Nicolas Eyzaguirre, Director of the Western Hemisphere Department added “we are currently in contact with the authorities on planning the missions”.

• Tuesday, November 23rd 2010 - 19:16 UTC

  Argentina requests IMF technical aid to help with a new prices index

  

  Argentina’s Economy minister Amado Boudou announced Tuesday that the President Cristina Fernández de Kirchner's administration is to request aid from the International Monetary Fund to help with a new price index.

• Wednesday, November 10th 2010 - 05:28 UTC

  China resists becoming the locomotive for the world economy, says IMF

  

  China is resisting pressure to become a locomotive to pull the floundering US economy out of its hole, notably by stubbornly pegging its Yuan to the dollar, a senior IMF official said on Tuesday.

• Tuesday, November 9th 2010 - 12:43 UTC

  Gold soars to new record; up 7% in the last week, 29% in 2010

  

  The price of gold has hit another record high as investors worry about inflation and Europe's budget troubles. Tuesday morning it was trading at $1,421 an ounce.

• Tuesday, November 9th 2010 - 01:47 UTC

  IMF warns about possible “full blown sovereign debt crisis” in rich nations

  

  Risks are still high that developed nations will face difficulties in rolling over their debt and possibly trigger a crisis the International Monetary Fund said in its “Fiscal Monitor” report released this month.

• Sunday, October 24th 2010 - 02:15 UTC

  Asia leading global recovery but it’s time to tighten monetary policy, says IMF

  

  After leading the global recovery for a second year, Asia’s economic outlook remains positive but, in its latest report on the state of the region’s economy, the IMF cautions that inflationary pressures are emerging.

• Sunday, October 24th 2010 - 02:00 UTC

  G20 agrees review of IMF: Europe looses influence to developing countries

  

  The Group of 20 (G20) nations reached in Korea a dramatic deal on Saturday as China, the United States agree to avoid “currency war” and to refrain from having too much trade surplus or deficit.