IMF

Greece Government wins confidence vote Wed, 06/22/2011 - 15:42 by Jamie Anderson The Greece's government survived a confidence vote late Tuesday, a crucial first step towards thwarting the euro zone's first sovereign debt default. Comments Read more	IMF hacked, loss of vital data feared Sun, 06/12/2011 - 13:08 by Anter Prakash Singh The New York Times reported yesterday that the computer system of the International Monetary Fund (IMF) has become the victim of a hacking attack. Comments Read more	IMF agrees on $3bn loan for Egypt Mon, 06/06/2011 - 12:28 by Jamie Anderson The International Monetary Fund (IMF) will give a loan of $3 billion to Egypt to enable the country come out of the financial quagmire that it finds itself in. Comments Read more
Post-Kahn, Can IMF Get Its Act Together? Thu, 05/19/2011 - 09:40 by Steve Anderson The arrest of Dominique Strauss-Kahn, International Monetary Fund's (IMF) managing director, on sexual assault charges comes at time when world economy is delicately poised. The arrest has spread uncertainty over global efforts to deal with Europe’s debt crisis and cast doubts about the future of the IMF. Comments Read more	IMF spells out global risks Sat, 09/11/2010 - 22:59 by Prince damin Washington -- The International Monetary Fund in Washington said continued foreclosures in the U.S. housing market could erode the availability of credit. In a briefing note, the IMF said economic growth would continue to slow by the end of the year across the globe, naming the U.S. housing market as one of the pivotal risk factors, the British Broadcasting Corp. reported Saturday. The note also names government debt as a key issue and calls for developing economies to concentrate on increasing domestic spending and relying less on exports. In contrast, developed economies needed to trim their government debts and increase their export sales, the note said. Copyright 2010 United Press International, Inc. (UPI). Comments	China set to unseat Japan as 2nd biggest economy Mon, 08/16/2010 - 17:10 by Jamie Anderson With a $1.34 trillion gross domestic product (GDP) for the three months ending June, China is on course to topple Japan as the world's second-largest economy. Comments Read more
Greece rejects EU, IMF economic rescue Sat, 01/30/2010 - 22:37 by Inderjit Singh Davos -- Greece does not need a European Union loan or financial rescue from the International Monetary Fund, Prime Minister George Papandreou said Friday. Speaking Friday in Davos, Switzerland, to the Italian financial daily Milano Il Sole 24 Ore, the Greek leader asserted Greece needs no such help as it seeks to join the eurozone, even though its ballooning budget deficit has reached 12.7 of GDP, the Athens News Agency reported. Comments Read more	Chinese premier to check property prices, keep Yuan stable Sun, 12/27/2009 - 16:00 by Ishita Sood Beijing, China, December 27 -- In an interview with China's official press agency, Xinhua, Chinese Premier Wen Jiabao said the government would keep a check on its property market and track illegal activities related to housing prices. Comments Read more	Britain, France pledge $2 billion each to IMF for poor countries Sun, 10/04/2009 - 15:50 by Jamie Anderson Istanbul, October 4: France and the U.K. have pledged to loan the International Monetary Fund (IMF) $4 billion at low interest rates to assist the Washington-based lender finance poor countries hit hard by the current economic recession. Comments Read more
IMF downgrades Ukraine 2009 GDP Fri, 07/10/2009 - 21:09 by Inderjit Singh Kiev -- Ukraine's gross domestic product for 2009 is expected to decline 14 percent, a big drop from an original forecast of 8 percent, a global banking official said. Ceyla Pazarbasioglu, head of the International Monetary Fund's mission in Ukraine, in Kiev told a news conference Friday the GDP forecast was downgraded from 8 percent to 14 percent due to the sharp downturn in Ukrainian economic development in the first three months this year. Ukraine's GDP dropped 20.3 percent in the first quarter of 2009 when compared with the first three months of 2008. Pazarbasioglu said the IMF also revised its forecast for Ukraine's 2009 state budget deficit from 4 percent to 6 percent, the Interfax-Ukraine news agency reported. Comments Read more	World Bank revises estimates, predicts steeper contraction Fri, 06/12/2009 - 15:22 by Jamie Anderson Washington, June 12: The World Bank has revised its assessment of the global economic recession for the current year and has now projected that the world economy will shrivel “close to 3 percent” in 2009. Comments Read more	India seeks increase in IMF quota; willing to buy $10 bn bonds for now Mon, 04/27/2009 - 09:42 by Salinder Kumar Washington, April 27:India, underlying its growing economic importance, has sought an increase in its quota share in the International Monetary Fund (IMF), but is ready to contribute about $10 billion to boost the Fund's resources in proportion to its current share. But New Delhi would prefer to make the contribution by buying securities that the IMF could issue, Planning Commission Deputy Chairman Montek Singh Ahluwalia, who represented India at the G 20 meeting, told reporters Sunday. "Our concern here is that this contribution should take the form of investment in IMF securities by the Reserve Bank of India (RBI)," he said, as a direct contribution from the government becomes part of fiscal deficit. Comments Read more