Tag: International Monetary Fund (IMF)
The G20 meets in Washington to close a deal on the IMF
Finance ministers from the group of rich and emerging countries (G20) meeting in Washington on Friday to close a deal on a new injection of money to the International Monetary Fund (IMF), the U.S. does not want to contribute. The rejection of Washington has forced the Fund’s managing director, Christine Lagarde, to revise down their [...]
Japan will provide 60,000 million of additional contribution to the IMF
Japan will contribute with 60,000 million to the expansion of additional resources requested by the International Monetary Fund (IMF) to contain the spread of the debt crisis in the eurozone, said the Japanese Finance Minister, Jun Azumi. Azumi, who hopes other countries will follow the line from Japan, today confirmed the amount allocated to the [...]
Ocampo demands a process “transparent” and criticizes the opacity of the U.S. candidate
The Colombian Jose Antonio Ocampo, presidential candidate of the World Bank today called for a process “transparent” and criticized not yet know the position of the candidate, the Korean-American Jim Yong Kim. “It would be important to have a public debate. I know and the opinions of Ngozi Okonjo-Iweala (third candidate), but do not know [...]
Lagarde Warned that Greece Might Still Leave the Euro and EU
Managing Director International Monetary Fund (IMF), Christine Lagarde, does not rule out that Greece still be headed toward bankruptcy and have to abandon the euro and the European Union, according to an excerpt from an interview with CBS which airs this Sunday. According to Lagarde, “there is still medicine to take and that’s what happens [...]
The hypothesis of a second rescue stirs the Portuguese politics
Government and opposition today held a tough matchup in Portugal due to the assumption that the country needs a second bailout for failing to return to the markets of long-term debt in the second half of 2013. Parliamentary Affairs Minister Luso, Miguel Relvas, insisted the speech held by the conservative government yet that the country [...]
The U.S. Candidate to the WB is Considered a “Bridge” Between Rich and Emerging
The U.S. candidate the presidency of the World Bank (WB), Jim Yong Kim, believes that if elected, may be a “bridge” between rich and emerging, demanding more voice and vote in international bodies, according to an interview published today in the daily Folha de Sao Paulo. Kim, born in South Korea in 1959, emigrated with [...]
The Japanese foreign exchange reserves fall to $ 1.28 trillion in March
Foreign exchange reserves fell to Japan in late March to 1.28 billion for the second consecutive month, Nippon said the Ministry of Finance. Reserves declined by 1.1 percent from late February, when it registered 1.30 billion, due mainly to falling prices of foreign bonds held by the State Nippon. Japanese foreign exchange reserves, the second [...]
Europe limited to the minimum reinforcing its anti-crisis firewall
The euro zone agreed on Friday to strengthen its anti-crisis firewall, but well below the expectations of the international community to ensure an eventual rescue an economy the size of Spain, which has become the main concern of the monetary union. In a scuffle Friday in Copenhagen, the ministers of the 17 euro zone countries [...]
The IMF had “productive discussions” with Egypt about a loan
The International Monetary Fund (IMF) today reported that the mission that traveled to Cairo this week had “productive discussions” with the Egyptian authorities, but did not specify details about the loan of 3,200 million dollars sought by Egypt. “The purpose of the mission was to deal comprehensively with the Egyptian authorities to ensure there is [...]
