Tag: IMF
The IMF and Egypt making progress in negotiations
The director for the Middle East and Central Asia of the International Monetary Fund (IMF), Masood Ahmed, expressed his support for the economic reform program in Egypt, as part of negotiations for a loan of 4,800 million. Ahmed met with Egyptian Prime Minister Hisham Qandil, the Ministers of Finance and International Cooperation, and Ashraf Hegazy [...]
European Countries Under Bailout
Cyprus on Saturday became the fifth country in the Eurozone under financial assistance after the bailouts granted to Greece, Ireland and Portugal, and the aid package for the financial sector in Spain. GREECE The amount allocated to Athens avoid bankruptcy amounts to over 380,000 million euros. This amount consists of two rescue plans. The first, [...]
Meeting of the IMF and World Bank with Europe
The rise of financial tensions in Europe, negotiating to expand the IMF’s resources and the selection of a new World Bank president, will mark the spring meetings of both bodies to be held this coming week in Washington. The traditional April meeting will open on Tuesday with the publication by the International Monetary Fund (IMF) [...]
The IMF calls for an automatic increase of the retirement age and pension cuts
Link the increase in retirement age to longevity automatically, cutting benefits for future public and share risks with private pension plans are some of the recommendations of the IMF to control the rising costs due to aging. “The risk linked to longevity is an issue that requires more attention and has been underestimated (…). A [...]
The IMF alert about the crisis after the housing bubble and high debt
Crisis registered after the explosion of housing bubbles accompanied by a high level of domestic borrowing are “more painful and can last up to five years,” warned today the International Monetary Fund (IMF). During the presentation of the analytical chapters of its new report on “World Economic Outlook,” the IMF has been cited as examples [...]
Vice President of the ECB does not rule out a second rescue for Portugal
Vice President of European Central Bank (ECB), Vitor Constancio said Tuesday that the possibility that Portugal will need a second international loan “must always be under evaluation.” “Everything is always under review and depends on the evolution of specific situations in the financial markets,” said Portuguese speaking to reporters, published Saturday in the digital media [...]
EU calls for an increase of IMF resources after strengthening
Finance ministers of the European Union today sent a message in favor of increasing the resources of the International Monetary Fund (IMF) so you can support the euro area, and emphasized that Europe has already done its job. Finance Minister of France, François Baroin, appealed to the increase in IMF resources, which could be decided [...]
The IMF unlock $15 million of credit program to Haiti
The International Monetary Fund (IMF) today unlocked a loan of 15 million to Haiti as part of the credit program approved in July 2010 to help the country after the earthquake earlier that year. The IMF announced today that once the second and third revision in the program of Haiti has approved the immediate release, [...]
Greece receives money from the EU and the IMF to avoid bankruptcy
Greece received on Tuesday a first injection of 7,500 million euros in the new rescue plan agreed by the European Union and the International Monetary Fund to avoid bankruptcy, said a finance ministry source. This sum 5900 million euro zone and 1,600 billion IMF-”will be used to cover debt” owed by the country, the source [...]
IMF warns of escalating oil prices on Iran crisis
Oil prices would rise between 20% and 30% in case of disruption of Iranian oil exports, which would undermine the global economy, now slowly moving away from the “abyss,” he said Tuesday the IMF Managing Director (IMF), Christine Lagarde. “It would clearly be an impact on the economies if there is a disruption of Iranian [...]
