Make 2015 ‘Year of Action’: Lagarde

Make 2015 ‘Year of Action’: Lagarde

(Washington) – The year 2015 must be the “year of action” when policymakers redouble their efforts to tackle deep-seated economic weaknesses and show greater political leadership on infrastructure investment, trade agreements, and climate change, IMF Managing Director Christine Lagarde said. “More than six years after the Great Recession, too many people still do not feel […]

$17 billion aid deal for Ukraine: IMF

$17 billion aid deal for Ukraine: IMF

The International Monetary Fund (IMF) approved a $17 billion aid deal for Ukraine, even as Kiev fought to prevent pro-Moscow separatists from grabbing another chunk of the country. Greenlighting a rescue programme for an interim government, which took power after an uprising two months ago, IMF chief Christine Lagarde said it was crucial to strengthen […]

GCC shielded World Economy from ‘Serious Damage’: Lagarde

GCC shielded World Economy from ‘Serious Damage’: Lagarde

(Riyadh) – Christine Lagarde, Managing Director of the International Monetary Fund (IMF), has issued a statement lauding the Gulf nations’ pragmatic oil stabilization policies for safeguarding the global economy from falling into an inflationary spiral by helping stem the spike in oil prices. Lagarde in a media statement issued at the conclusion of a meeting […]

IMF warns Britain to support growth

IMF warns Britain to support growth

(London) – The International Monetary Fund said Britain may need to further slow the pace of its tough austerity measures to lift the country’s growth amid the risk of a major eurozone “shock”. “Fiscal easing and further use of the government’s balance sheet should be considered if downside risks materialise and the recovery fails to […]

IMF to secure $400b funding for Europe

IMF to secure $400b funding for Europe

(Washington) – The Group of 20 nations have stood ready to commit at least $400 billion to bulk up the International Monetary Fund, as IMF has been aiming to raise at least $400 billion; a doubling of its lending capacity, to ensure it has enough firepower to respond if Europe’s debt crisis escalates. “We have […]

Global economy on recovery path: Lagarde

Global economy on recovery path Lagarde

(Beijing) – IMF chief, Christine Lagarde has said that measures taken to fight financial woes in Europe and the US have started to pay off, in a cautiously upbeat assessment of the global economy. Lagarde is attending a high profile forum on China’s development and will hold meetings with her economic counterparts. Addressing the forum […]

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