Tag: International Monetary Fund, IMF

• 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.

• Saturday, August 9th 2014 - 06:33 UTC

  Bank of England inflation forecast, next week could give an idea on future hike

  

  The Bank of England opted this week to keep its main interest rate at a record-low level of 0.50% against a backdrop of solid British economic growth. The central bank's nine-member monetary policy committee decided also to maintain the level of cash stimulus in the economy at £375 billion, it said in a statement.

• Tuesday, August 5th 2014 - 07:14 UTC

  Argentina planning to question Judge Griesa before the International Court of Justice

  

  Argentina's Legal and Technical Secretary to the Presidency Carlos Zannini is overseeing a group of experts in international law as they draft the suit the government of President Cristina Fernandez will file against US Judge Thomas Griesa’s ruling on full repayment to holdout bondholders at International Court of Justice in the Hague, according to Noticias Argentinas-

• Saturday, August 2nd 2014 - 09:18 UTC

  “Debt restructuring” and the Argentine case by Joseph Stiglitz

  

  The following piece published in The New York Times was written by Joseph E. Stiglitz, winner of the Nobel Prize in Economics and a former chief economist of the World Bank, and currently a professor at Columbia University.

• Wednesday, July 30th 2014 - 07:23 UTC

  IMF warning on interest rates and Russian crisis for some EU banks

  

  Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as two percentage points off global growth in the next five years, the International Monetary Fund said on Tuesday.

• Saturday, July 26th 2014 - 06:49 UTC

  IMF warns about 'default' costs for Argentina; calls for debt restructuring mechanisms

  

  The IMF's chief economist warned that a default by Argentina in its battle with holders of its defaulted debt may hurt its economy and the global financial system. Argentina continues to face the fallout of its 2001 debt default, which plunged the country into an economic crisis it is still battling to overcome.

• Thursday, July 24th 2014 - 06:20 UTC

  World Bank praise for Peru as one of the most solid economies in the region

  

  The World Bank's vice president for Latin America and the Caribbean, Jorge Familiar, on Wednesday highlighted Peru's economic growth over the past 10 years. Peru's average economic growth over the period has registered 6. 5% annually, allowing many Peruvians to escape poverty, said Familiar.

• Monday, July 7th 2014 - 07:10 UTC

  Lagarde cautious about growth momentum; infrastructure investment needed

  

  Global economic activity should strengthen in the second half of the year and accelerate in 2015, although momentum could be weaker than expected, IMF chief Christine Lagarde said, hinting at a slight cut in the Fund's growth forecasts.

• Wednesday, June 18th 2014 - 07:45 UTC

  IMF concerned about 'wider systemic implications' of the US Supreme Court decision on Argentina

  

  The International Monetary Fund is “concerned about wider systemic implications” the ruling by the US Supreme Court could prompt following its decision not to consider Argentina’s appeal aimed at staving off a default.

• Tuesday, June 17th 2014 - 07:15 UTC

  Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

  

  President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.