Tag: International Monetary Fund, IMF

• Monday, October 13th 2014 - 07:17 UTC

  Argentina doesn't need international credit, “we have foreign currency to face debt maturities”

  

  Argentine Economy Minister Axel Kicillof has assured that the government of president Cristina Fernandez is not seeking international financing despite current economic problems, since it has foreign trade surpluses and all the foreign exchange needed to face debt maturities.

• Thursday, October 9th 2014 - 07:09 UTC

  Low interest rates could lead to operations with riskier assets, warns IMF

  

  The International Monetary Fund has warned of new risks to global financial stability. Low interest rates could lead investors to buy riskier assets as they seek better returns, the IMF says.

• Wednesday, October 8th 2014 - 20:40 UTC

  IMF forecasts two years of recession for Argentina

  

  The International Monetary Fund anticipates two years of recession for Argentina in a context of “increasing economic misbalances” and “uncertainty” because of the ongoing litigation with the holdouts or 'vulture funds', as well as inflationary tensions.

• Wednesday, October 8th 2014 - 07:54 UTC

  IMF keeps Uruguay's growth estimate for this year, but lowers 2015

  

  The International Monetary Fund kept Uruguay's growth estimate for this year at 2.8% but lowered the forecast for 2015 to 2.8% from 3%, according to the latest World Economic Outlook. Last year the Uruguayan economy expanded 4% and the government's target for this year is 3%.

• Wednesday, October 8th 2014 - 03:46 UTC

  World Bank supports Argentina, favors institutional frame for 'holdouts'

  

  World Bank Chief Economist for Latin America and the Caribbean Augusto De la Torre has said the ongoing conflict between Argentina and holdout creditors is due to the “lack of international debt regulation frames”, and favored Argentina's initiative in the UN to “solve the situation.”

• Wednesday, October 8th 2014 - 03:43 UTC

  IMF lowers Latam growth forecasts: declining exports and domestic constraints

  

  The International Monetary Fund cut its global economic growth forecasts for the third time this year, warning of weaker growth in core Euro zone countries, Japan and big emerging markets like Brazil.

• Wednesday, October 8th 2014 - 03:40 UTC

  Ebola outbreak threatens Africa with dramatic consequences, says IMF

  

  Saharan Africa's economic growth remains strong and should accelerate to 5.8% in 2015 but if the Ebola outbreak in its western corner is protracted or spreads it will have “dramatic consequences” for that zone, the IMF said on Tuesday.

• Tuesday, October 7th 2014 - 06:04 UTC

  IMF urges changes in sovereign bonds' contracts, following Argentina's case

  

  The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.

• Friday, September 12th 2014 - 04:37 UTC

  IMF warns about the negative reactions from markets if Scotland becomes independent

  

  Scotland’s possible secession from the United Kingdom as a result of the upcoming referendum could cause negative market reactions in the short-term, William Murray, Deputy Spokesman at International Monetary Fund (IMF), told reporters Thursday.

• Monday, September 1st 2014 - 15:47 UTC

  IMF supports Lagarde despite investigation for negligence in France

  

  The International Monetary Fund (IMF) has expressed confidence in its leader Christine Lagarde, despite her being investigated for negligence in France. Ms Lagarde, 58, has been questioned about her role in awarding compensation to businessman Bernard Tapie in 2008, when she was Minister of Finance.