European Central Bank Helps Put Ireland On Track For European Union and International Monetary Fund Loans

February 7, 2013

“Ireland struck a long-awaited deal on Thursday to ease the burden of debts it took on to rescue its banking system in a way that will cut its budget deficit and borrowing needs and put it on track to end its reliance on EU-IMF loans this year.”

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International Monetary Fund Approves $18.4 Million Loan to Mali

January 28, 2013

“The IMF first announced in November that it had agreed on a loan with Mali, subject to board approval.”

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International Monetary Fund (IMF) Chief Economist Urges the United Kingdom to Consider Slowing Austerity Measures

January 24, 2013

“His comments come the day after the IMF cut its 2013 forecast for UK economic growth to 1% from the 1.1% predicted in October, and will put pressure on the chancellor as he prepares to deliver a speech at the World Economic Forum in Davos later on Thursday.”

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International Monetary Fund (IMF) Projects 3.5% Global Economic Growth in 2013

January 24, 2013

“The International Monetary Fund is projecting a modest rise in global economic growth for 2013, but also warning that problems in the eurozone and the United States could derail momentum.”

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International Monetary Fund (IMF) Projects the European Union (EU) will Remain in Recession in 2013

January 24, 2013

“The eurozone will stay in recession in 2013 with the currency area’s economy contracting by 0.2 percent, the International Monetary Fund predicts.”

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International Monetary Fund Approves $4.3 Billion Loan for Greece

January 17, 2013

“The decision by the IMF’s board was expected following the Greek parliament’s approval this week of an emergency bill ratifying dozens of conditions set by bailout lenders.”

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Egypt Seeks to Resume Loan Talks with the International Monetary Fund (IMF) “Very Soon”

January 14, 2013

“Egypt’s loan agreement was approved in principle in November, but subsequent turmoil forced the government to delay a series of bitter austerity measures deemed necessary to win the IMF board’s final approval.”

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Protests erupt in Jordan in response to rising fuel prices related to the country’s $2 Billion IMF Loan

November 14, 2012

“Street protests against autocracy, corruption and mismanagement of funds have led to the overthrow of several long-serving Arab leaders, including those of Tunisia, Egypt, Libya and Yemen.”

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Speaking to the IMF, Federal Reserve Chairman Ben Bernanke defends the Central Bank’s Monetary Easing

October 18, 2012

“The Fed has faced a barrage of criticism over its decision to expand its balance sheet by a potentially unlimited amount in an attempt to counter high unemployment in the US.”

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Japan Finance Minister: Decision by Chinese Central Bank Chief and Finance Minister to not attend IMF Meetings in Tokyo is “regrettable”

October 10, 2012

“The Chinese move follows Japan’s decision last month to buy the islands from their private owner, a purchase that sparked protests in China and clouded a $340 billion trade relationship.”

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Euro depreciates and the Price of Oil falls over uncertainty related to Spain’s Bailout

September 30, 2012

“An independent audit on Friday showed Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to beef up their strength.”

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150,000 Protesters in Portugal and Tens of thousands in Spain rally against tax increases

September 15, 2012

“Over 150,000 Portuguese marched on Saturday against planned tax hikes that have shattered the consensus behind austerity imposed by an EU/IMF bailout, and tens of thousands more marched in Spain, seen as the next country needing to be bailed out.”

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IMF: Bailouts like the one given to Iceland hold some “key lessons” in the Debt Crisis

August 21, 2012

“Iceland’s commitment to its program, a decision to push losses on to bondholders instead of taxpayers and the safeguarding of a welfare system that shielded the unemployed from penury helped propel the nation from collapse toward recovery, according to the Washington-based fund.”

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Top IMF Economist Peter Doyle: The International Monetary Fund is “tainted” by its leadership

July 20, 2012

“Mr Doyle, former adviser to the IMF’s European Department, which is running the bailout programs for Greece, Portugal and Ireland, said the Fund’s delay in warning about the urgency of the global financial crisis was a failure of the “first order”.”

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Greek Prime Minister Antonis Samaras outlines his government’s policy plan: renegotiating bailout terms and accelerating structural reforms

July 8, 2012

“He stressed that any changes to the stability and growth program launched in 2010 in exchange of multi-billion euro bailout packages by European counterparts and International Monetary Fund will be made through dialogue with lenders and not unilaterally.”

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