Tag «imf»

IMF – Development Committee Communiqué

Joint Ministerial Committee of the Boards of Governors of the Bank and the Fund on the Transfer of Real Resources to Developing Countries Tokyo, Japan October 13, 2012 1. The Development Committee met today, October 13, 2012, in Tokyo. 2. The global economy remains vulnerable. Challenges persist in many developed economies, while growth is slowing …

IMF Distributes US$1.1 Billion of Gold Sales Profits in Strategy to Boost Low-Cost Crisis Lending to Low-Income Countries

October 13, 2012 The International Monetary Fund (IMF) will distribute SDR 700 million (about US$1.1 billion) in reserves attributed to windfall gold sales profits to its members in order to boost its concessional lending capacity for low-income countries during the global crisis. The distribution is a key element of a 2009 plan to boost concessional lending capacity to …

Annual Meetings Speech: The Road Ahead—A Changing Global Economy, A Changing IMF

By Christine Lagarde Managing Director, International Monetary Fund Tokyo, Friday, October 12, 2012 As prepared for delivery Introduction—the World Comes to Japan Ohayo gozaimasu—good morning! Mr. Chairman, governors, honored guests: on behalf of the International Monetary Fund, let me welcome you all to these Annual Meetings. Tokyo e yokoso! Let me acknowledge and thank His Imperial …

IMF Outlook for Sub-Saharan Africa: “Maintaining Growth in an Uncertain World”

The International Monetary Fund (IMF) today released the October 2012 Regional Economic Outlook: Sub-Saharan Africa. Ms. Antoinette Monsio Sayeh, Director of the IMF’s African Department, commented on the report’s main findings: “Economic conditions in sub-Saharan Africa have remained generally robust against the backdrop of a sluggish global economy. Most low-income countries continued to grow soundly in …

Finance Minister Shri P. Chidambram leaves for his first Official Visit Abroad tonight to attend Annual Meetings of World Bank and IMF in Tokyo

The Union Finance Minister Shri P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers’ and G 24 Ministerial Meeting also during his aforesaid visit. The Finance Minister will also hold bilateral meetings with Finance Ministers of …