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International Monetary Fund (IMF)

IMF approves second Argentine loan review

The Executive Board of the International Monetary Fund (IMF) on Monday 22 March completed the second review of Argentina's performance under a three-year SDR 8.98 billion (about US$13.3 billion) Stand-By Arrangement.

Forex volatility in EU accession countries

This IMF Working Paper analyses foreign exchange market volatility in four Central European EU accession countries in 2001-2003. It shows that periods of high volatility seem to be cross-correlated for Hungary, Poland and Czech, Slovak Republics. It…

Argentina's Lavagna to meet IMF's Koehler

Argentine Economy Minister Roberto Lavagna will meet IMF Managing Director Horst Koehler in Miami on Monday 9 February to discuss the second review of a $13.3 billion loan deal, an economy ministry source said on Thursday.

Kohler on adoption of the euro in Central Europe

In a speech on 'The Euro - Towards Adopting the Common Currency in Central Europe' given on 2 February, Horst Kohler of the IMF said that imbalances in the global current account remain a risk to economic recovery though a stronger euro and weaker dollar…

Iraq to talk debt with G-7 and IMF

Top finance officials from Iraq and Afghanistan will meet next month with their counterparts from the G7 industrial countries and Russia to report on progress in reconstruction.

Argentina leader slams IMF, others over debt

Nestor Kirchner criticised the IMF on Tuesday after reports the Fund might delay aid payments to Argentina over the government's hard-line stance as it restructures privately held debt. The Argentine president said he would not cave in to pressure to…

US's Taylor-unsure if IMF will OK Argentine loan

US Treasury Undersecretary for International Affairs John Taylor said on Friday 12 december that it was too soon to tell whether Argentina would win approval for the next instalment of its IMF loan, according to a Reuters report. "There is no way at this…

Ortiz gets the nod for second term

Vicente Fox, Mexico's president, nominated Guillermo Ortiz for a second six-year term as governor of the central bank on Friday 5 December. Santiago Creel, the interior secretary, said at a news conference Friday that Ortiz's nomination had been formally…

Reports from Dubai

In the following 14 pages our correspondents report some of the more interesting but less publicised developments and events that took place at and around this year's meeting of the IMF, held in the glittering hotels and convention centres of Dubai…

Brazil c bank chief - IMF deal 'insurance'

Brazil's central bank president, Henrique Meirelles, has said the new IMF loan deal would give Brazil cheap insurance against international market volatility. But officials said they did not intend to draw on a $14 billion loan package from the IMF…

IMF's Koehler to visit Eastern Europe this week

IMF Managing Director Horst Kohler will visit Armenia, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan this week. The trip includes a speech at the International Conference on the Occasion of the Tenth Anniversary of the Introduction of the Tenge -…

Krueger speech to African central bank governors

In a speech at a luncheon for African Central Bank Governors given on 23 September Anne Krueger of the IMF said that achieving macroeconomic stability is a prerequisite for durable growth. It is not, of course, enough. From my contacts with African…

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