IMF First Deputy Managing Director David Lipton (yesterday, 25 April) called on European policy makers to take decisive and sustained actions to strengthen the continent’s prospects for growth and avoid the risk of stagnation.
The Tongan economy is stuck in a “development trap”, according an International Monetary Fund (IMF) report on the current state of the Tongan economy that was released on Monday, March 25.
IMF Managing Director Christine Lagarde Welcomes Progress towards Using US$1.1 Billion of Gold Profits as part of a strategy to Boost Concessional Lending to Low-Income Countries and Calls on More Members to Join Effort.
The global economy must help deliver the right type of growth and the jobs that people need. That is not happening on the scale needed right now and therefore some fundamental issues need to be addressed, Christine Lagarde, Managing Director of the International Monetary Fund, said in an address to the Brookings Institute, on April 12, when she called on strengthened cooperation and a strengthened IMF to help take advantage of “the tectonic shifts taking place in the global economy”, and to achieve equitable and inclusive growth.
Mr. Min Zhu, Deputy Managing Director of the International Monetary Fund (IMF), will visit Apia, Samoa, on March 23, 2012 to address a high-level conference co-hosted with the Government of Samoa on “Fostering Inclusive Growth and Building Resilience” in the Pacific islands.
The International Monetary Fund (IMF) is looking to work ever more closely with Asia to lessen the impact of the global crisis on the region and to help promote sounder and stronger growth globally, David Lipton, IMF First Deputy Managing Director, said today.
Tonga’s high inflation rate of 12 per cent, is a stumbling block for economic recovery, and a major cause of misery for ordinary Tongans, and urgently needs to be reduced. Martin Cerisola, the leader of an International Monetary Fund delegation, winding-up their annual visit to Tonga on April 2, said that high inflation had the most adverse affect on low income earners. “It affects the poor the most, and I emphasised that inflation should be brought down to a sustainable level.