Tag Archive: Christine Lagarde

MEPs quiz candidate to be next ECB President

  1 month ago     37 Views     Comments Off on MEPs quiz candidate to be next ECB President  

Christine Lagarde, who has been the Managing Director of the International Monetary Fund since 2011, has been nominated as candidate to take over from Mario Draghi as the President of the European Central Bank. She was quizzed by MEPs at a hearing in the European Parliament’s Economic and Monetary Affairs Committee. The EPP Group’s coordinator on that committee, Marcus Ferber, was among those MEPs.

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IMF Lagarde / Trade / US Economy

  4 months ago     84 Views     Comments Off on IMF Lagarde / Trade / US Economy  

The IMF upgraded the growth forecast for the U.S. economy but warned that trade tensions pose a risk to that momentum , Managing Director Christine Lagarde said Thursday (June 6) in Washington. The Fund released its annual economic review of the United States, called an Article 4 consultation showing that economic activity will grow this year and in to 2020. “Our assessment is that the economy will grow this year at about 2.6% percent and next year at around 2 percent. And this represents an increase from our initial growth forecast by point 3 percent so lots of positives and…

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  4 months ago     98 Views     Comments Off on IMF NATURE AND GLOBAL ECONOMY  

International Monetary Fund Christine Lagarde and famed Naturalist and Broadcaster David Attenborough are drawing links between the natural world and the global economy and calling for action to avert the worst impacts of climate change, plastics pollution and mass extinctions. In an event at the Spring Meetings of the International Monetary Fund and World Bank, Lagarde asked Attenborough about the environment and how the economy is connected to it. “You are in charge of global nature. Let’s just assume for a second. And I’m in charge of the global economy, just for a second. What’s the connection between us,” asked…

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  6 months ago     123 Views     Comments Off on IMF MNUCHIN  

U.S. Treasury Secretary Steven Mnuchin says the International Monetary Fund and World Bank are important partners in addressing global economic issues. “I think that the IMF and World Bank are both very important institutions. As important today as they’ve ever been,” Mnuchin said during a forum to commemorate 75 years since Bretton Woods.  Mnuchin added that he’s had “a very productive relationship” with IMF Managing Director Christine Lagarde. Mnuchin said adequate funding for the Fund is a top priority. “The first issue we have to reach an agreement on is the size of the balance sheet and the resources. And…

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IMF Lagarde Library of Congress

  10 months ago     140 Views     Comments Off on IMF Lagarde Library of Congress  

The Managing Director of the IMF praised US innovation and economic leadership of the post-World War 2 world in a speech titled “Age of Ingenuity: Reimagining 21st Century International Cooperation” - the latest in the prestigious Kissinger Lecture series at the Library of Congress in Washington, DC Tuesday (December 4). Lagarde outlined how the creation of the IMF by the US and its allies at Bretton Woods was one of the initial sparks to a golden age of cooperation and collaboration that has led to the greatest period of economic growth and prosperity the world has ever seen. “This country…

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IMF’s Lagarde: “We Are Stronger Together”

  1 year ago     180 Views     Comments Off on IMF’s Lagarde: “We Are Stronger Together”  

The International Monetary and Financial Committee (IMFC) gathered in Bali, Indonesia Saturday for the IMF’s Annual Meetings. Leaders discussed ways to support the global expansion and lower tensions over trade and other risks to the world economy. “We called this whole Annual Meetings Sailing to Indonesia. Well, as I said, steer the boat. Do not drift, and sail together, because we will be stronger together. What it means is focus on your policies. Make sure that they are the right ones in the face of economic developments. Do not drift, and let's cooperate as much as we can because we…

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IMF-Lagarde Curtain Raiser Speech

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The global economy is strong and growing, but trade tensions and complacency are a growing risk in the face of gathering economic storm clouds IMF Managing Director Christine Lagarde warned Monday in Washington, DC. She delivered the Annual Meetings ‘Curtain Raiser’ speech ahead of the Annual Meetings in Bali to outline the key risks and challenges facing the global economy Monday from the IMF headquarters. Although economic conditions are generally strong, she suggested that growth may have slowed from the latest projection of 3.9% globally last announced in July. “A year ago, I said, ‘the sun is shining, please fix…

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Lagarde Lehman Ten Year Anniversary

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Ten years after the collapse of Lehman Brothers, IMF Managing Director Christine Lagarde is reflecting on the lessons learned from the ensuing global financial crisis, and what policymakers can do to protect from another collapse. In a blog posting Wednesday, Lagarde said: “The global financial crisis remains one of the defining events of our time. It will forever mark the generation that lived through it. The fallout from the crisis—the heavy economic costs borne by ordinary people combined with the anger at seeing banks bailed out and bankers enjoying impunity, at a time when real wages continued to stagnate—is among…

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IMF Future of Work

  2 years ago     381 Views     Comments Off on IMF Future of Work  

Experts gathered at the International Monetary Fund on Wednesday to try to predict the future of work in a rapidly changing world. IMF Managing Director Christine Lagarde and a panel of business, labor and thought leaders discussed opportunities and challenges for the future. In opening the forum, Lagarde noted that rapid advances in automation and technology offer opportunity, but there can also be costs. “Ninety percent of the jobs that will be had by our young children or grandchildren simply don’t exist today. Now, we expect all of them to benefit from technology changes, but this might not necessarily be…

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IMF Lagarde Presser

  2 years ago     339 Views     Comments Off on IMF Lagarde Presser  

At a news conference to open the IMF-World Bank Annual Meetings, IMF Managing Director Christine Lagarde on Thursday urged world leaders to reinforce a strengthening global recovery and seize an opportunity to promote inclusive and sustainable growth. “Our suggestion is that it is not time to be complacent. It’s time to take those policy decisions that will actually enable more people and more countries to benefit from that recovery that should be made sustainable,” said Lagarde. Lagarde emphasized the need for growth to be inclusive and benefit all people. The Fund this week highlighted strategies to combat inequality, including progressive…

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