Tag: International Monetary Fund, IMF

• Monday, January 25th 2016 - 10:19 UTC

  IMF praise for Argentina's measures... but forecasts 'mild recession' this year

  

  Despite the austerity policies that have been implemented by the government of President Mauricio Macri, Argentina will see a bigger than expected recession this year, the International Monetary Fund (IMF) said in a new report. The economy is set to decline 1% this year, a drop that is 0.3 percentage points larger than the previous forecast that the IMF had released in October.

• Monday, January 25th 2016 - 10:01 UTC

  IMF estimates 2016 Venezuela inflation at 720% and 8% economy contraction

  

  Venezuela’s consumer inflation, already the world’s highest, will more than double this year surging to 720% in 2016 from 275% last year, according to a note published by the IMF’s Western Hemisphere Director, Alejandro Werner.

• Saturday, January 23rd 2016 - 04:35 UTC

  IMF chief Lagarde will stand for a second term

  

  The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term. Ms Lagarde threw her hat into the ring during an appearance on French television.

• Thursday, December 17th 2015 - 07:33 UTC

  Congress/Obama deal includes voting for the long stalled IMF quota reforms

  

  The United States Congress has taken a step closer to granting long-awaited approval to reforms of the International Monetary Fund that would give China and other emerging economies a greater voice in shaping the institution's policies.

• Tuesday, December 1st 2015 - 07:53 UTC

  Yuan joins the exclusive club of IMF's basket of reserve currencies

  

  The International Monetary Fund (IMF) has announced that China's currency, the Yuan, will join the fund's basket of reserve currencies. Currently just the US dollar, the euro, the yen and the pound are in the group.

• Wednesday, October 14th 2015 - 11:00 UTC

  Global banks warn net outflows from emerging markets close to $800 billion

  

  After a week of discussions at the annual IMF assembly in Peru, bankers and policy makers agreed that stemming the rush of investments from emerging markets was one of the most important challenges facing the global economy. But there was little agreement on how to actually do that.

• Tuesday, October 13th 2015 - 07:13 UTC

  Pacific Alliance members outstand in Latin American performance, says IMF

  

  Brazil is still by far the largest economy in Latin America despite its recession and the impact of the devaluation of the Real, according to the latest report from the International Monetary Fund (IMF), which said Venezuela dropped to the position of the region’s seventh-largest economy with a GDP that’s now half the size of Colombia’s.

• Monday, October 12th 2015 - 09:18 UTC

  Lagarde blasts US Congress for blocking reforms: “they jeopardize IMF's credibility”

  

  Washington's use of its de facto veto at the International Monetary Fund to block reforms giving emerging countries a greater say is jeopardizing the IMF's credibility, complained Managing Director Christine Lagarde.

• Saturday, October 10th 2015 - 06:27 UTC

  Global Unions call on IMF and World Bank should take recession threats seriously

  

  Given the Annual Meetings of the International Monetary Fund and World Bank taking place in Lima, Peru, the International Trade Union Conference, ITUC, and its Global Unions partners call on the international financial institutions to adopt policies that counter the global economic slowdown.

• Thursday, October 8th 2015 - 10:21 UTC

  With Brazil contracting 3%, Latin America's economy will shrink 0.3%, says IMF report

  

  The International Monetary Fund said today that it now expects Latin America's economy to shrink 0.3% this year instead of growing 0.5%, largely due to a steep recession in Brazil and slumping commodity prices. It would be the first recession for the Latin American and Caribbean region since 2009.