Tag: IMF

• Monday, August 30th 2010 - 06:43 UTC

  IMF proposes a short term liquidity facility to prevent financial crises

  

  A top International Monetary Fund official called for the creation of an emergency lending facility as part of a global toolkit aimed at preventing the spread of financial crises.

• Friday, August 6th 2010 - 00:34 UTC

  IMF praises Brazil’s “carefully calibrated” policies and forecasts 7.1% growth

  

  The International Monetary Fund reiterated its forecast for Brazil’s economy to expand 7.1% this year, as result of capital inflows and the expansion of credit. However the IMF also cautioned about the official credit policy of the country’s development bank.

• Saturday, July 31st 2010 - 05:35 UTC

  US second quarter growth down to an annual 2.4%, from a previous 3.7%

  

  United States economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department announced Friday. This compares with an annual rate of 3.7% in the previous quarter.

• Friday, July 30th 2010 - 06:00 UTC

  Citibank agrees fine to settle charges it misled investors with high risk mortgages

  

  Banking giant Citigroup has agreed to pay 75 million US dollars to settle civil charges that it misled investors over potential losses from high-risk mortgages. It agreed the settlement with US financial watchdog the Securities and Exchange Commission (SEC).

• Thursday, July 22nd 2010 - 09:32 UTC

  IMF warns Europe must address “underlying problems”

  

  A government debt crisis that has engulfed the Euro-zone should serve as a “wake-up call” for European governments to keep a more watchful eye on their budgets, the International Monetary Fund (IMF) said Wednesday.

• Tuesday, July 20th 2010 - 03:51 UTC

  Uruguay overall tourism champion in Latinamerica, says Latin Tourism Index

  

  Uruguay is overall champion of tourism in Latin America, according to the Latin Tourism Index from Latin Business Chronicle

• Monday, July 19th 2010 - 04:24 UTC

  Positive sustained growth prospects for Latin America in 2010, forecasts IMF

  

  The Latin American economy could grow by as much as 5% this year, more strongly than previously expected (4%), driven by Brazil's vigorous expansion, according to a senior International Monetary Fund official.

• Monday, July 19th 2010 - 04:21 UTC

  Portugal, Ireland, Greece, Spain, the Euro and now Hungary: who’s next?

  

  The IMF and EU suspended a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.

• Saturday, July 10th 2010 - 07:41 UTC

  US no longer world’s great consumer; needs to target sustainable debt, says IMF

  

  The US economy is recovering after the global economic crisis, but consumers and financial institutions remain cautious as weak housing markets, high unemployment, and risks in Europe remain a concern, the IMF staff said in a press conference that followed its annual review of the world’s largest economy.

• Saturday, July 10th 2010 - 07:13 UTC

  School comic strips to depict the turbulent IMF/Argentina relation

  

  Argentina high school students are enjoying four comic strips, part of the official program, which satirizes the turbulent relation of the country with the IMF, presenting one of the works under the attractive name of “An intruder in the family”.