IMF, Cruising altitude for the economy is the goal
In a speech at SAIS Johns Hopkins, Managing Director Christine Lagarde outlined in a frank discussion of the current status of the developed and emerging economies. Baring in mind that we have just come through the worst financial crisis in a century. Global growth exceeded 3 percent for 2013, with moderately better growth expected for […]
G20 Sherpa meetings proceeding
G20 News is reporting progress at the March Sherpa meetings at the G20. During the second day of sherpa meetings in Australia leading up to the November Brisbane Summit and the June meetings, the building of an Action Plan agenda for November is under way. Policies from the February Communique include, 2% growth targets, anti […]
China and United States relations to strengthen
China’s President Xi Jinping and US President Barack Obama said they agreed to deepen their commitments to bi-lateral cooperation economically and on other substantive issues. The world’s number one economy and the globes second largest economy met at The Hague in the Netherlands. China is very close to overtaking the US in GDP in PPP(purchasing […]
Madagascar to meet with World Bank and IMF
Reporting from the UN – The newly elected President of Madagascar was introduced at the United Nations along with his delegation, His Excellency Hery Rakotoarimanana Rajaonarimampianina. In a press conference the President outlined his wishes for a prosperous Madagascar. President Pianina stressed the possibility of developing Eco-Tourism as a climate friendly, tapping into the robust […]
Mozambique on track
The fact finding mission from the International Monetary Fund returned and delivered a clear signal that Mozambique is doing well. Foreign Direct Investment into Mozambique, according to the UNCTAD report in January 2014, “experienced record inflows of more than US$7 billion”. This goes along with its strong 7% GDP growth. Now estimated to exceed 8% in […]
Reserve Bank of India is extremely Active
In the past 6 business days, the Reserve Bank of India (RBI) has launched 3 new programs, a study on the corporate bond market in India, published a major working paper on fiscal policy capable of handling variations in business cycles and all of its regular duties of auctioning bills. The programs launched are integral to […]
IMF ready to send team and support Ukraine
Christine Lagarde, managing director of the IMF, offered her concerns for Ukraine. As soon as they can, the International Monetary Fund will send a team to Kiev. The quote: “The Ukrainian authorities informed me today of their request for support from the IMF. We are ready to respond and, in the coming days, will send […]
G20 Sydney-Important Documents
The International Monetary Fund wrote a 23 page note addressed to the G-20: First paragraph of the Executive Summary and Full Text: “Global activity has picked up, largely on account of advanced economies. Growth firmed in 2013H2, driven largely by stronger outturns in advanced economies as final demand expanded broadly as expected. In many emerging markets, […]
Breaking G20 News: G20 concurs to raise growth target by an additional 2% over 5 years
The G20 agreed to “lift our collective GDP by more than 2 per cent above the trajectory implied by current policies over the coming 5 years”. This target appeared to be in line with expectations from the IMF communique addressed to the G20 meeting in Sydney. The IMF report suggested that growth could be “projected to increase […]