Tag: IMF

• Wednesday, April 28th 2010 - 18:18 UTC

  IMF Warns of Greek Crisis Contagion; Germany Reluctant to Support Aid

  

  The head of the International Monetary Fund has warned that the crisis in Greece could spread throughout Europe. Dominique Strauss-Kahn said that every day lost in resolving Greece's problems risks spreading the impact “far away”.

• Tuesday, April 27th 2010 - 21:57 UTC

  IMF Warns Latam “Cheap and Abundant Credit” Rises Risk of Boom-Bust Cycle

  

  Latin American economies as a whole are recovering nicely from the global economic downturn but “cheap and abundant external finances raise the risk of a boom-bust cycle”, said Nicolas Eyzaguirre, IMF Western Hemisphere Department Director.

• Tuesday, April 27th 2010 - 06:08 UTC

  Brazil will Impose Import Levies to Face “Cheap” US Dollar, Unless Accord is Reached

  

  Brazil’s government may take additional steps to limit gains in the local currency Real should advanced economies favor policies that keep their currencies weak, Finance Minister Guido Mantega said.

• Tuesday, April 27th 2010 - 05:47 UTC

  Argentina Insists that Official Statistical Information is “Trustworthy and Solid”

  

  Argentina’s Deputy Economy Minister Roberto Feletti said the Government “will not accept economic policies to be dictated” by the International Monetary Fund (IMF) and added that country's statistical information is “trustworthy and solid.”

• Monday, April 26th 2010 - 21:16 UTC

  Germany and France Strongly Condition Rescue Aid Package to Greece

  

  Greece will not get its multi-billion Euro aid package until it commits to bigger economic sacrifices, Germany’s finance minister warned over the weekend.

• Saturday, April 24th 2010 - 11:08 UTC

  Exchange Rate Disorder

  

  By Jose Antonio Ocampo – Two troubling features of the ongoing economic recovery are the depressed nature of world trade and the early revival of international global payment imbalances. Estimates by the International Monetary Fund and the United Nations indicate that the volume of international trade in 2010 will still be 7% to 8% below its 2008 peak, while many or most countries, including industrial nations, are seeking to boost their current accounts.

• Saturday, April 24th 2010 - 01:12 UTC

  Peru and Chile Will Lead Latam Expansion in 2011 with 6% Growth Each

  

  Latest forecasts from the International Monetary Fund (IMF) predict Chile and Peru will lead Latin America’s growth in 2011 with an expansion of 6% each. The IMF released its World Economic Outlook Report on Wednesday, upping Chile’s projected growth from 4 to 4.7%.

• Saturday, April 24th 2010 - 00:53 UTC

  First Tremors of Euro Seism: Greece Asks for Financial Rescue Package

  

  Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis. It had hoped that just the promise of EU support, agreed last month, would have been enough to reassure markets and help its recovery.

• Friday, April 23rd 2010 - 07:11 UTC

  Argentina “only” accepts IMF “technical revision” of its economy

  

  Economy Minister Amado Boudou said that the Argentine Government “will not accept any conditions” on its economic policies, allegedly rejecting an eventual revision of its accounts by the International Monetary Fund (IMF).

• Friday, April 23rd 2010 - 03:21 UTC

  Brazil forecasted to grow 5.5% in 2010 boosted by domestic demand, says IMF

  

  Brazil, Latinamerica’s largest economy and leading Mercosur partner is poised to grow 5.5% this year, almost a whole percentage point more than the previous forecast in January, according to the International Monetary Fund “World Economic Outlook” released in anticipation of the IMF and World Bank annual assembly this weekend in Washington.