Tag: International Monetary Fund, IMF

• Thursday, August 29th 2013 - 02:48 UTC

  IMF encouragement for Brazil’s economy gradual upturn

  

  The Brazilian economy is on a gradual upturn from the slowdown begun in mid-2011, the IMF says while urging Brasilia to continue efforts to rein in inflation. The country's 12-month inflation reached 6.27% in July, close to the upper limit of the government target of 6.5%.

• Friday, August 2nd 2013 - 03:49 UTC

  Lagarde again warns Argentina about the need for ‘credible stats’

  

  The Managing Director of the International Monetary Fund (IMF) Christine Lagarde has once more requested that Argentina present economic figures based on “trustworthy and credible numbers and statistics”.

• Thursday, August 1st 2013 - 02:59 UTC

  Brazil criticizes IMF for latest aid to Greece: worst fears could be confirmed

  

  A group of Latin American countries refused to back an IMF move this week to keep bankrolling Greece, citing risks of non-repayment, and the Fund itself said Athens might need faster debt relief from Europe.

• Wednesday, July 24th 2013 - 06:59 UTC

  IMF backs down from siding with Argentina before the US Supreme Court on hedge funds case

  

  The International Monetary Fund no longer plans to ask the U.S. Supreme Court to review Argentina's case in its decade-old legal battle with holdout creditors due to a lack of support from the U.S. government, the IMF said on Tuesday.

• Saturday, July 20th 2013 - 06:34 UTC

  Falkland Islands brought into the IMF-siding-with-Argentina controversy

  

  The IMF decision to side with Argentina in its dispute with the US hedge funds has triggered strong criticism in the UK and the issue was brought up in Parliament, according to a piece in the Daily and Sunday Express under the heading: “The British cash cow: Fury as UK money helps Argentina fight £66bn debt”.

• Thursday, July 18th 2013 - 08:35 UTC

  IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

  

  In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.

• Wednesday, July 10th 2013 - 05:39 UTC

  IMF anticipates slower growth for Chile’s export dependent economy

  

  Growth in Chile's export-dependent economy will slow to 4.6% this year due to softer copper prices, investment and domestic demand, the IMF said in a report posted on the central bank's website earlier this week. In April, the IMF projected the economy of the world's leading copper producer would expand by 4.9% in 2013.

• Tuesday, June 25th 2013 - 17:04 UTC

  Colombia renews IMF two-year 5.8bn dollars flexible credit line

  

  The IMF said on Monday it had approved a new two-year 5.84 billion dollars flexible credit line for Colombia, following a request by the government of President Juan Manuel Santos. The new flexible credit line will replace a previous 6bn two-year program, which recently expired.

• Sunday, June 16th 2013 - 13:55 UTC

  IMF calls for ‘timely’ unwinding of US stimuli program fearing markets’ volatility

  

  The International Monetary Fund cautioned on the possible risks of the United States ‘non timely’ unwinding of the stimuli program implemented by the Federal Reserve and the collateral effects that such a policy could have on emerging economies, as those in Latinamerica.

• Sunday, June 16th 2013 - 13:40 UTC

  US recovery ‘more durable’ but must restore ‘long run fiscal sustainability’ says IMF

  

  United States could spur growth by adopting a more balanced and gradual pace of fiscal consolidation, especially at a time when monetary policy has limited room to support the recovery further, the International Monetary Fund said after wrapping up its annual review of the world’s largest economy.