Tag Archive: IMF

IMF MNUCHIN

  1 month ago     55 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

  4 months ago     75 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

  5 months ago     83 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

  7 months ago     203 Views     Comments Off on IMF Global Financial Stability Report  

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”

  7 months ago     120 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

  7 months ago     113 Views     Comments Off on IMF-Lagarde Curtain Raiser Speech  

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

  8 months ago     151 Views     Comments Off on Lagarde Lehman Ten Year Anniversary  

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 World Economic Outlook Update

  10 months ago     148 Views     Comments Off on IMF World Economic Outlook Update  

The latest update to the IMF World Economic Outlook sees a continued strengthening global growth environment, but noted that the balance of risk is turning negative, Research Department Director Maury Obstfeld said ahead of the report’s release in Washington, DC Monday (July 16). “The expansion continues. Our forecast for 3.9 percent growth for this year and next is unchanged, but the expansion is also less balanced. We have downgrades for the UK and Japan, while the US continues to grow strongly. In the emerging world, some countries are up… some are down,” Obstfeld said. Obstfeld said US growth will begin…

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IMF Sees Higher Growth, Warns of Risks

  1 year ago     222 Views     Comments Off on IMF Sees Higher Growth, Warns of Risks  

The global economy continues to edge higher amidst a generally sunny outlook, but there are building risks to that growth trajectory, the IMF reports Tuesday in the latest World Economic Outlook.  

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