Posts Tagged ‘Christine Lagarde’

IMF: the transformation of the Arab Spring is the hardest and longest worldwide

Published on Friday, 04 October 1 / Okrudolf 2013 13:43

International Monetary Fund warned on Thursday, the repercussions of the Arab Spring on the global economy, expressing fears of continuing it for a longer period.

The Director of the International Monetary Fund (IMF) Crecyt Lagarde, in a statement quoted by Reuters news agency, said that “changes in the countries of the Arab Spring may be the hardest and the longest in the world. (more…)

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08/03/2013 12:00 AM

WASHINGTON – Xinhua urged the director of the International Monetary Fund Christine Lagarde on better cooperation in world politics and economic reforms help to meet the challenges set out in the advanced and emerging economies.

said Lagarde: It is after the outbreak of the financial crisis, there was a global collaboration «intensive really» in policy-making in the colloquial 2008 and 2009, but after the easing of the crisis and initiate the global economy in recovery, reduced the frequency of pressing demands to cooperate. (more…)

Tuesday 16 October 2012

Saw the Central Bank of Iraq before Iraq a great economic opportunity must exploit the image optimization.

This came in their annual business conference of the International Monetary Fund and the World Bank, which was held last Friday in the Japanese capital Tokyo.

The deputy governor of the Bank the appearance of Mohammed Saleh in a press statement that “our discussion with the CEO of the International Monetary Fund Christine Lagarde summarized in the situation in Iraq now is better than other countries that have experienced the events of the Arab spring because of political transition, accompanied always economic transformation and that Iraq spent way to shift as the political and economic situation is subject to growth and development for the better. ” (more…)

Saturday 13 October 2012
CBI looking to maintain the value of the currency conference in Tokyo

Iraq participated acting Annual Assembly of the International Monetary Fund and World Bank representatives of Iraq’s central bank. (more…)

BAGHDAD / obelisk: launched in the Japanese capital Tokyo, Friday, the annual assembly of the IMF and the World Bank with the participation of the Central Bank of Iraq.

The governor of the Central Bank of Iraq Sinan Shabibi for “obelisk”, “The meeting is held with the participation of the Executive Director of the International Monetary Fund (IMF), Christine Lagarde and World Bank President Jim Yong, in addition to the 188 central banks worldwide.” (more…)

Friday 12 October 2012

BAGHDAD – babysit – Director-General warned of the International Monetary Fund Christine Lagarde Friday that public debt accumulated rich countries are close to the levels recorded in the “wartime”, arguing that the “hurdle” would only be overcome behavior “difficult road”. (more…)

About the Spring Meetings
Each Spring, thousands of government officials, the private sector, journalists, civil society representatives, and other interested observers gather in Washington DC for the Spring Meetings of the IMF and the World Bank.

At the heart of the gathering are meetings of the IMF’s International Monetary and Financial Committee and the joint World Bank-IMF Development Committee, which discuss progress on the work of the IMF and the World Bank. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial markets.

The plenary session of the IMF and the World Bank’s Boards of Governors is scheduled only during the Annual Meetings in the autumn. (more…)

Iraqi Prime Minister Nuri al-Maliki is urging more U.S. businesses to come to Iraq to help rebuild the economy.

“We have lots of American corporations in Iraq, however we are not satisfied with the number of American corporations in Iraq,” Malik told U.S. businessmen at the U.S. Chamber of Commerce.

“These corporations, really, thanks to them, they have broken the blockade against Iraq and they have contributed greatly to Iraqi development, however we aspire to have more American corporations and an increasing number of them participating in order to fulfill the needs of the Iraqi economy.”
(more…)

LagardeFollowing her meeting with Nouri Al-Maliki, the Prime Minister of Iraq, in Washington on Wednesday, Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), said she was very encouraged by the Iraqi government’s new budget proposal for 2012, recently submitted to the Iraqi Council of Representatives.

The proposal aims to restrain the growth of current spending, freeing up resources for infrastructure investment and social support, while limiting the size of the budget deficit.

The proposed budget would allow the current Stand-By Arrangement (SBA) to continue providing a safety net to the budget should oil revenues sharply.

Read More: http://bit.ly/thA1UI

WASHINGTON: International Monetary Fund chief Christine Lagarde yesterday said economic growth in the Middle East and North Africa must include all members of society to fulfill the promise of the Arab Spring. Lagarde, in a speech in Washington, said the Arab Spring that began a year ago in Tunisia was at a “delicate transition point” as the MENA region seeks to define its future. “While each country in the region must find its own path to change, the over-arching economic goals of the Arab Spring remain clear-higher growth, growth that creates more jobs, and growth that is shared equitably among all strands of society,” she said.

The IMF managing director said that, despite some setbacks in the region, she remained “ever hopeful” that the Arab Spring is still poised to unleash “the potential of a better future for all.” However, the region faces challenges after governments reacted to social pressures by increasing subsidies, wages and other subsidies, which has undermined economic stability. “Fiscal deficits have widened, which raises concerns about sustainability. It pushes up interest rates, which makes it harder for the private sector to get credit to set up or expand businesses and start hiring people,” Lagarde said in a speech at the Woodrow Wilson Center. (more…)

AFP Nov 10, 2011, 05.37pm IST

Wang Qishan|Silvio Berlusconi|Morgan Stanley
BEIJING: The head of the International Monetary Fund called on Thursday for greater “political clarity” in Greece and Italy, after talks with Chinese leaders dominated by Europe’s worsening debt crisis.

Greece and Italy are grappling with domestic political upheaval brought on by the sovereign debt crisis that has engulfed the eurozone, and Christine Lagarde said both countries urgently needed to sort out their leadership difficulties.

Lagarde also said emerging economies had a role to play in resolving the debt woes threatening the global economy, calling on them to allow their currencies to appreciate.

Read more: http://bit.ly/rpgVRy

Christine Lagarde

Opening Remarks at the Royal Institute for International Affairs 

By Christine Lagarde
Managing Director, International Monetary Fund
London, September 9, 2011

Good morning. It’s a pleasure to be here with you today, at this beautiful and historic venue. About six weeks ago, I spoke at a similar early morning event in New York, at the Council on Foreign Relations. These two sister organizations—founded in the wake of the Great War—have a common goal of fostering the ideas and dialogue needed to build a prosperous and secure world for all. Given the precarious state of the global economy, such dialogue is clearly essential. I wish to thank Chatham House for organizing this event, and thank my friend, Chancellor Osborne, for inviting me to speak. I look forward to hearing his views, as well as those of the eminent economists joining us at this roundtable.

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Plane took off «Piper – NBA 31» in the morning on a hot day in Miami and headed south to the Caribbean, Haiti and the top began cameras carried by the shoot. Financial institution that was behind the reconnaissance mission, the World Bank, the symbol of globalization, which seems to many a symbol of the arrogance of rich countries .

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Group of Twenty discuss coordination on 3 issues: price stability and financial system reform and crises

Began yesterday at the Paris meetings of finance ministers Group of Twenty, chaired by France this year, and discussions will focus over two days, the actions contribute to the reform of the global financial system, the stability of prices of raw materials and basic, and the form of coordination between the countries to avoid any crisis in the future.

The source of high-level French for the  yesterday that the discussions between the ministers of finance and governors of central banks in Member States of the Group of Twenty centered around three basic themes, the first reform of the global financial system which is witnessing an imbalance not to enter the currencies of emerging such as the Chinese yuan in the system, note that the dollar remains the dominant currency.

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