November 13, 2019

Christine Lagarde resigns as head of IMF

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From BBC Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF). It comes ahead of a decision on her nomination to become head of the European Central Bank (ECB). Ms Lagarde said she would leave the IMF on 12 September. “With greater clarity now on the process […]

Argentina receives the largest loan package ever from the IMF At $57.1 billion

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From WN Argentina received the biggest loan package ever from the International Monetary Fund on Wednesday to help restore the country’s financial systems with $57.1 billion which will be distributed over the next three years, according to The Guardian. Argentina has already received $15 billion of the loan, which comes with heavy restrictions, including the […]

Statement by IMF Managing Director Christine Lagarde on Barbados

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From IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund, made following statement today: “As announced by Prime Minister Mottley earlier today, the Barbados economy has been going through significant challenges for some years. The authorities are developing an economic reform plan designed to address these challenges, and they have asked the international […]

Jamaica: Caribbean officials descend on Kingston for high-level IMF meeting

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From Nation Wide Radio JM More than 300 officials are expected in Jamaica for the sixth International Monetary Fund (IMF) High-Level Caribbean Forum which is slated for Thursday, November 16 at The Jamaica Pegasus hotel in New Kingston. Among the officials expected to attend the forum are current and former regional heads of government, finance […]

Caribbean church leaders campaign for debt relief after hurricanes

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From Catholic News Service Caribbean church leaders campaign for debt relief after hurricanes In the wake of one of the most disastrous hurricane seasons in history, the proposal to cancel or restructure debts for small islands has gained new traction, propelled by Catholic leaders, religious charities, and Caribbean politicians trying to rebuild after hurricanes that […]

IMF chief found guilty in Paris trial

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By LK Hewlett WINN From Caribbean News Now PARIS, France (WINN) — Managing director of the International Monetary Fund (IMF) Christine Lagarde was found guilty of negligence with public money in a French court on Monday in connection with an over €400 million arbitration payout to a businessman when she was France’s minister of finance. […]

IMF Chief Lagarde goes on trial

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By LK Hewlett WINN From Caribbean News Now PARIS, France (WINN) — The first female managing director of the International Monetary Fund (IMF), Christine Lagarde, went on trial on Monday in a French court for alleged misuse of public funds. The charge of negligence stems from a €425 million payment to a French businessman in […]

Sanders: Banking: Is the US making a stick to beat its own back?

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By Sir Ronald Sanders From Kaieteur News Caribbean governments have rightly focused on the severe consequences for their countries of the withdrawal of correspondent banking relations from regional banks by international banks, particularly those located in the US. But there will also be serious consequences for other parts of the world, particularly the US, if […]

IMF praises Eastern Caribbean for tackling correspondent banking issues

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By Ivan Cairo From Caribbean News Now WASHINGTON, USA — As the International Monetary Fund (IMF) wrapped up its annual meeting in Washington, DC, this weekend, managing director Christine Lagarde praised the Eastern Caribbean on its effort to address problems related to the withdrawal of international correspondent banks. In her address at the ‘High-Level Seminar […]

IMF helps in sustainable growth of the Caribbean

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From The Antigua Observer WASHINGTON (CMC) – Seven years after the onset of the global financial crisis, the International Monetary Fund (IMF) says it has been helping Caribbean and other countries move from stabilization to sustainable growth. In her foreword to the Washington-based financial institution’s “Annual Report 2014 – From Stabilization to Sustainable Growth,” managing […]