Search Results for: International Monetary Fund (IMF)
Statement by IMF Managing Director Christine Lagarde on Ukraine
February 12th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Brussels, Belgium: “I am pleased to announce that the IMF team working in Kiev has reached a staff-level agreement with the Ukrainian ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
Statement by IMF Managing Director Christine Lagarde on ECB Decisions
January 23rd, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement regarding today’s decisions of the European Central Bank (ECB): “We welcome the measures announced today that will strongly reinforce the ECB’s accommodative stance. The ...
Cyprus: a Recovery in Progress
January 15th, 2015
Cyprus’s banks all passed the European Central Bank’s stress tests, a result that is indicative of the recovery that is under way in the country’s financial sector. However, for these institutions to return to full health they must tackle ...
What Greek accounting woes can teach Asia
November 26th, 2014
Asia should care about Greece, because it offers two important lessons. One, that “Greek accounting” triggered the European crisis and weakened an important trading partner to Asia. Two, that weak Greek government financial management and reporting impaired trust and ...
Argentina’s stock market is up 100%
September 10th, 2014
If you read the headlines, Argentina is in default (again) and its economy is tanking. But here’s the funny thing: the country’s stock market is hotter than an underground tango show on a sultry Buenos Aires night. Argentina’s Merval ...
IMF’s Lagarde urges France for structural reforms
September 8th, 2014
The head of the International Monetary Fund (IMF) is urging France to speed up structural reforms to bolster economic growth and warning against using weak inflation as an excuse to relax public deficit reduction efforts. In an interview with ...
IMF: Grenada’s Fiscal Consolidation On Track
August 29th, 2014
The International Monetary Fund (IMF) has said that Grenada has made a strong start in implementing its IMF-backed fiscal consolidation program. The IMF approved in June 2014 a three-year USD21.6m arrangement for Grenada to support the territory’s efforts to ...
IMF urges St Vincent and Grenadines to Improve Tax Compliance
August 25th, 2014
The International Monetary Fund (IMF) has called on the authorities in St Vincent and the Grenadines to take steps to improve tax compliance. Tax compliance in the Caribbean territory has declined by about 20 percentage points since 2008 to ...
Portugal will finance $6.6 billion to rescue Banco Espirito Santo
August 4th, 2014
It was a few months ago that Lisbon has exited an international bailout and now Portugal is planning to spend 4.9 billion euros in order to rescue Banco Espirito Santo its largest listed bank. The situation is definitely putting ...
