The US government has decided to write off $391 million bilateral debt that it has given to Liberia immediately and to work with the World Bank and IMF with great urgency to find a solution to the $2.1 billion debt that Liberia owes the multilateral organizations. The decision was announced by the s[...]
Posts Tagged ‘IMF’
June 9th, 2012 - 10:31 am § in News Of Economy
US promises to write off $391 million Liberian debt, multilateral debt still remains a problem
May 17th, 2012 - 1:33 pm § in News Of Economy
IMF report plays down effects of US slowdown, but threat of spillover remains
The U.S. economic slowdown will be continued to be driven essentially by a sluggish housing market. However, any spillover into the rest of the world is expected to be limited as European economies are strengthening, says the International Monetary Fund. The IMF in the initial chapters of its semi-a[...]
May 15th, 2012 - 1:30 pm § in News Of Economy
Threats to global economy lessen: IMF
Threats to the global economy have lessened a bit in recent months, but policymakers must remain on guard nonetheless, said the head of the International Monetary Fund. The IMF chief Rodrigo Rato has recently told the Peterson Institute economic think-tank that there was ‘greater consciousness[...]
May 13th, 2012 - 1:27 pm § in News Of Economy
Japanese economy to surpass US economic growth
Japan will surpass US economic growth this year as it recovers from its decade-long recession, the International Monetary Fund (IMF) has predicted. IMF argued that rising private investment, strong corporate profits and a pick up in exports would drive growth to 2.3 percent. The IMF in its latest Wo[...]
May 11th, 2012 - 1:24 pm § in News Of Economy
Wolfowitz declines calls to relinquish World Bank leadership amid mounting pressure
Paul D. Wolfowitz’s efforts to continue as president of the World Bank received a severe setback on Sunday when a group of two dozen of the world’s finance ministers and leaders of other international organizations delivered an uncommonly public reprimand of his leadership. The developme[...]
April 9th, 2012 - 6:29 am § in News Of Economy
U.S. economy to get back to its normal pace by 2008
After a decline in the real estate market dissolves the U.S. economic activity is expected to pick its pace back till the starting of 2008. But IMF is also concerned about the fact that in spite of factors like increasing unemployment and soaring interest rates, the growth can also cause recessions.[...]
April 7th, 2012 - 6:15 am § in News Of Economy
Rato shocks one and all, says will quit IMF in October
The world has not gotten quite over what happened at the World Bank recently, and to make things even more interesting, it seems that IMF is also on the verge of witnessing a change at its helm. Rodrigo de Rato the managing director of the IMF has announced that he will step down come this [...][...]
February 6th, 2012 - 2:06 pm § in News Of Economy
Asia safe from crisis: IMF
The International Monetary Fund has assured that Asian economies will not face any substantial financial crisis amid the heavy influx of global capital. Developing Asian economies are successfully attracting healthy foreign direct investment and IMF suggested that to keep healthy pace in the economy[...]
February 5th, 2012 - 2:05 pm § in News Of Economy
Increasing private equity buy-outs could be risky: IMF chief
Jolted by the U.S. subprime housing market, IMF’s head Rodrigo Rato has warned that global investment and growth prospects were at risk from a dramatic rise in private equity buy-outs. There are risks associated with the recent dramatic growth in large private equity buy-outs as such deals fin[...]
January 29th, 2012 - 1:46 pm § in News Of Economy
Temasek approaches NASDAQ for LSE stake
After NASDAQ vows to sell 31% stake in LSE, a number of seekers have emerged to cash the opportunity. In this league Singapore-based Temasek Holdings has approached NASDAQ for its $1.58bn worth stake in LSE. Temasek have made the approach in recent days. The Singapore authorities, which recently acq[...]