Posted on February 26, 2012 by iMFdirect
Although a derailing of the global recovery has been avoided, the world economy is still not out of the danger zone, IMF Managing Director Christine Lagarde said after the conclusion of the Group of 20 Finance Ministers and Central Bank Governors meeting in Mexico City.
“Over the last two days, we discussed the challenges facing the world economy and continued our deliberations over next steps and actions,” she said in a February 26 press statement.
Filed under: Advanced Economies, Economic Crisis, Economic outlook, Emerging Markets, Employment, Europe, Finance, Financial Crisis, Financial regulation, Financial sector supervision, Fiscal policy, Fiscal Stimulus, G-20, growth, IMF, Inequality, International Monetary Fund, Low-income countries, Multilateral Cooperation, Public debt, recession | Tagged: Christine Lagarde, euro, Euro Group, firewalls, Group of 20, Group of Twenty, IMF resources, IMF-World Bank Spring Meetings, IMFC, iMFdirect blog, Mexico, Mexico City | 3 Comments »
Posted on February 21, 2012 by iMFdirect
The IMF has welcomed the agreement by Eurozone finance minister on a new support package for Greece.
After talks that went on until the early hours of the morning in Brussels, IMF Managing Director Christine Lagarde said on February 21 she welcomed the “proposed understandings reached today by the Euro Group to support Greece.”
“The combination of ambitious and broad policy efforts by Greece , and substantial and long-term financial contributions by the official and private sectors, will create the space needed to secure improvements in debt sustainability and competitiveness,” she said in a statement. “These actions, together with a significant strengthening of the financial sector, will pave the way for a gradual resumption of economic growth.”
Filed under: Advanced Economies, Economic Crisis, Europe, Finance, Financial Crisis, growth, IMF, Inequality, International Monetary Fund, recession | Tagged: Christine Lagarde, EFSF, ESM, euro, Euro Group, European Financial Stability Facility, European Stability Mechanism, European Union, Greece, haircut | 8 Comments »