International Monetary Fund (IMF)
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler Congratulates Yusuke Horiguchi on Appointment as First Deputy Managing Director of the Institute of International Finance, 23 July.
Sources challenge role of IMF led Argentina panel
ARGENTINA - Insiders close to the talks currently being held suggest the real purpose of the panel of wise men picked by the IMF to help Argentina is not to give economic advice but rather to decide how to allocate the huge losses incurred by Argentina's…
IMF Survey, July 2002
REPORT - In the latest issue of its survey the International Monetary Fund announce the advisory panel appointed for Argentina, discuss the outlook for the euro-area economy and report on a Working Paper, Making the transition to inflation targeting.
IMF Extends Argentina's SRF Repayment by One Year
PRESS RELEASE - IMF Extends Argentina's SRF Repayment by One Year, 15 July.
IMF Statement - Economic Policies of the Euro Area
STATEMENT - Concluding Statement of the IMF Mission on the Economic Policies of the Euro Area, (in the Context of the 2002 Article IV Consultation Discussions with the Euro-Area Countries), 12 July.
Speech by Carol Carson of the IMF, 11 July
SPEECH - Carson gave a speech titled 'International Capital Data: Needs, Projects, and Prospects' and said that in the past two and half years, she believes that significant progress has been achieved in developing internationally agreed statistical…
Speech by Thomas Dawson of the IMF, 10 Jul
SPEECH - In the speech 'The IMF's Role in Asia: Part of the Problem or Part of the Solution?' Dawson said the regional crisis which threw formerly buoyant Asian economies into a tailspin five years ago was itself a critical acid test for the…
IMF Press Release
PRESS RELEASE - IMF Managing Director Horst Kohler Announces Advisory Group on Argentina, 10 July.
Speech by H Kohler, Managing Director, IMF, 5 July
SPEECH - In a speech to the Central Bank Governors' Symposium titled 'Reform of the International Financial Architecture: A Work in Progress' Kohler acknowledged how much we depend on central bankers in our member countries. "Every day, you have to take…
IMF and World Bank collaborate closely
LETTER - Letter published in the Financial Times on Wednesday from a former Deputy Managing Director of the IMF. P.R. Narvekar describes Joseph Stiglitz criticism of the IMF as "baseless and vicious".
Speech by H Kohler, Managing Director, IMF, 4 July
SPEECH - In evidence before the UK Parliament's Treasury Select Committtee titled 'The IMF in the Process of Change' Kohler said "we have seen a near revolution in the transparency of the IMF, and in the release of economic and financial data by our…
IMF mission to Argentina seeks account access bar
ARGENTINA - The IMF will hold up disbursement of 9.5 bln usd in aid unless the government denies bank depositors any access to their accounts, government officials said after a federal judge found the ban unconstitutional.
Speech by H Kohler, Managing Director, IMF, 1 July
SPEECH - Kohler said in a speech titled 'The Role of the IMF in the Global Economy' that the Enron and WorldCom scandals showed the international community had to worry as much about economic risks in wealthy nations as in poor countries.
Speech by Horst Kohler, MD of IMF, 21 June
SPEECH - Horst Kohler discusses 'The Role of the IMF in Safeguarding the Stability of the International Financial System' and sets out what he understands as the IMF's primary functions and goals, and how it should go about achieving them.
Argentina to make payment on IMF debt Thursday
ARGENTINA - Argentina will today make a scheduled 52 mln US$ payment on its IMF debt, said central bank chairman Aldo Pignanelli.
Speech by Eduardo Aninat, Dep MD, IMF, 20 Jun
SPEECH - In a speech titled 'The Economic Foundations of Peace in Colombia' Aninat said it was his sincere hope that the new administration will be able to find ways to mobilize the multiple talents and goodwill of the Colombian people, and put the…
IMF - Polish central bank has room for more easing
US - The Polish central bank has room to ease monetary policy further, after its half percentage point rate cut on Wednesday, the IMF said, with some IMF directors urging a more ambitious rate cut strategy.
IMF Working Paper No. 02/101
RESEARCH - 'Structural Balances and All That: Which Indicators to Use in Assessing Fiscal Policy' by Nigel Chalk, Fiscal Affairs Department, examines structural indicators of a country's fiscal position and evalutes their usefulness in measuring the size…
IMF increases stand-by credit to Uruguay by $1.5bn
URUGUAY - The IMF today increased its current Stand-By Credit to Uruguay by about $1.5bn to about $2.28bn. Uruguay may draw up to $508m immediately. A further $650 million will become available under the augmented Stand-By Arrangement during the…
IMF Survey, Vol. 31, No. 12
SURVEY - The latest edition of the IMF Survey includes comment on the IMF's Global Financial Stability Report, excerpts of a speech by Anne Krueger on sovereign debt restructuring and an interview with Kenneth Rogoff and Jeromin Zettelmeyer on the roots…
Extreme Contagion in Equity Markets
RESEARCH - IMF Working Paper by Jorge Chan-Lau, Donald Mathieson and James Yao of the International Capital Markets Department, 18 June. Their results suggest that contagion patterns differ significantly within regions with Latin America showing an…
The role of fiscal policy in crisis situations
ARTICLE - Flemming Larsen, Director of the IMF Office in Europe, has responded to Joseph Stiglitz's in Les Echos on June 3, 'L'actualite de Keynes'. Larsen counters criticisms that the IMF imposes hardship on crisis-stricken countries, as they only point…
Argentina pledges not to use reserves to repay IMF
ARGENTINA - Economy minister Roberto Lavagna has assured the IMF technical mission currently visiting the country that central bank reserves will not be used to pay back loans from the IMF and the Inter-American Development Bank which are due to mature…
Bank Indonesia and govt to resolve loan dispute
INDONESIA - Bank Indonesia is close to putting an end to a dispute with the government which has continued for two years. A final agreement has yet to be reached to this problem which is rooted in the billions of dollars in liquidity support channeled to…