IMF

IMF Chief Lagarde: Economic outlook has become more worrisome for the U.S. and Europe over the last few months

July 6, 2012

“”In the last few months, the global outlook has been more worrying for Europe, the United States and large emerging markets,” Lagarde said in a speech in Tokyo.”

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Report: Israel tried to borrow $100 million from the IMF to prevent the financial collapse of the Palestinian Authority

July 4, 2012

“As the Palestinian Authority is not a state, it cannot technically apply for an IMF loan on its own.”

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Greece’s new Government to present debt inspectors with “alarming” data on the state of the country’s economy

July 3, 2012

“Government spokesman Simos Kedikoglou said Tuesday that the data would demonstrate that the current austerity program was counterproductive. The Greek government will argue that it cannot withstand the current pace of austerity terms.”

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Cyprus begins bailout talks with officials from the European Union and International Monetary Fund

July 3, 2012

“The Finance Ministry said in a statement Tuesday the officials will meet with government and central bank authorities, as well banking officials, union leaders and politicians over the next few days.”

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The International Monetary Fund will hold off on official contacts with Greece until after the June 17 elections

May 17, 2012

“A caretaker government took office in Athens on Thursday to organize its second election in six weeks after an inconclusive May 6 vote as fears over its possible euro exit rocked Spain and Italy.”

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The U.S., IMF, and European Union all condemn Argentina’s nationalization of YPF

April 20, 2012

“Spain, the United States, the IMF, the European Union and others lined up to take turns slamming the move by President Cristina Kirchner.”

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International Monetary Fund: Egypt needs to win broader political support for its economic program before receiving loans

April 10, 2012

“Egypt is seeking a $3.2 billion loan after rejecting a proposed program by the IMF last year. Economists warn time is running out for the embattled country. Central-bank reserves are dwindling and external financing is needed to avoid a disorderly devaluation of the Egyptian pound that would do major damage to the country’s financial system and public accounts.”

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International Monetary Fund Chief Lagarde asks the U.S. to increase funding to help Europe

April 3, 2012

“Speaking in the US capital, Lagarde said the 187-nation International Monetary Fund needed more firepower to tackle financial crises raging around the globe, arguing it was in the US interest to pitch in and help Europe.”

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Strauss-Kahn’s Lawyers assert Diplomatic Immunity in the former IMF Chief’s Civil Suit in New York

March 28, 2012

“”Lawyers for former International Monetary Fund chief Dominique Strauss-Kahn urged a judge on Wednesday to dismiss a civil suit brought against him by the New York hotel housekeeper who accused him of assaulting her last year.”

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Greek Cabinet approves a draft bill complying with reforms for a European Union and International Monetary Fund bailout

February 18, 2012

“The Greek cabinet approved a draft bill spelling out reforms required by the EU and the IMF on Friday, taking Athens closer to getting a new 130 billion-euro bailout after the prime minister warned the alternative was “catastrophe.”"

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China considers offering funds to the European Union and the International Monetary Fund to help with Europe’s debt crisis

February 4, 2012

“Prime Minister Wen Jiabao said Thursday that China would consider working with the International Monetary Fundto help shore up Europe’s finances. Mr. Wen’s comments came at a Beijing news conference after he met with Chancellor Angela Merkel of Germany on the first day of her three-day visit to China.”

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The 2012 World Economic Forum in Davos, Switzerland, focused on the Euro and income disparity

January 29, 2012

“Europe’s crippling debt crisis dominated the world’s foremost gathering of business and political leaders, but for the first time the growing inequality between the planet’s haves and have-nots became an issue, thanks largely to the Arab Spring uprisings, the Occupy movement and other protests around the globe.”

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The International Monetary Fund lowers its global economic forecast from 4% growth to 3.3%

January 25, 2012

“The global economy is slowing this year, the International Monetary Fund said on Tuesday, cutting its forecasts for growth and warning of a deeper downturn if Europe doesn’t take stronger action to stem its debt crisis. The global economy will expand 3.3%, this year, down from 3.8% last year, said the IMF, which in September had forecast 4% growth in 2012.”

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IMF Chief Lagarde: the Eurozone needs a bigger firewall to prevent Italy and Spain sliding towards default

January 23, 2012

“The head of the International Monetary Fund said on Monday the eurozone needed a bigger firewall to prevent Italy and Spain sliding towards default, underlining Europe’s responsibility in solving its own sovereign debt crisis. In a speech in Berlin, Christine Lagarde, IMF managing director, said that without a larger bail-out fund, fundamentally solvent countries like Italy and Spain could be forced into a financing crisis.”

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IMF Chief Lagarde urges IMF member countries to approve a 2010 agreement that would double the IMF’s resources and give under-represented nations, such as China, more voting power

December 22, 2011

“IMF chief Christine Lagarde on Thursday urged member countries to quickly sign off on an agreement last year to double IMF resources and give under-represented nations, such as China, greater voting power in the global lender. The changes to members’ quotas, which determine how much each country contributes to the IMF and their voting shares, are critical as a euro zone debt crisis escalates and is set to slow global growth in 2012.”

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