Tag Archive: IMF

Kristalina Georgieva selected as new IMF Managing Director

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On September 25, the Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944. “For me, a huge honor to stand in front of you as the next Managing Director of the International Monetary Fund. I want to thank the Fund’s shareholders and the Executive Board for the trust they have just placed in…

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MEPs quiz candidate to be next ECB President

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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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IMF MNUCHIN

  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 Global Outlook

  8 months ago     139 Views     Comments Off on IMF Global Outlook  

The world’s economy continues to expand, but is losing momentum the IMF reported Monday (January 21) in its latest quarterly update to the World Economic Outlook report. “Global growth is expanding at a healthy rate, but we are seeing a slowing momentum,” says IMF Head of Research Gita Gopinath. “We have seen a weakening of the growth rate and we have revised down our estimates both for 2019 and 2020. Now those revisions are moderate, but what we are flagging is that there are many important down-side risks to the global economy,” she added. Trade tensions and tightening financial conditions…

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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 Global Financial Stability Report

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Ten years after the collapse of Lehman brothers sent markets in to crisis, banks and governments have largely restored confidence in the stability of the world’s systems, but new risks are emerging the IMF says in the latest Global Financial Stability Report. “The global economic expansion remains strong supported by still easy monetary policy,” said said Tobias Adrian, Director of the IMF’s Monetary and Capital Markets Director. “Stepping back, the global financial system is certainly stronger than before the global financial crisis thanks to reform and recovery,” he said. “However financial imbalances continue to build up, the new financial system…

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IMF’s Lagarde: “We Are Stronger Together”

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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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