IMF

August 20, 2007 -- The African Consultative Group1 of the International Monetary Fund (IMF), co-chaired by the Chairman of the African Caucus, Mr. Manuel Chang, Minister of Finance of Mozambique, and Mr. Rodrigo de Rato, Managing Director of the IMF, met today in Maputo, Mozambique. At the conclusion of their meeting, they issued the following statement:

"The purpose of the meeting was to exchange views on the progress to date on IMF reforms, in particular on the consensus and support needed for reforms aimed at improving voice and governance of the Fund.    » read more »

August 8, 2007 -- Mr. Alejandro Santos, mission chief of the International Monetary Fund (IMF) to Paraguay, issued the following statement today in Asunción:

"A mission from the International Monetary Fund (IMF) visited Asunción during the last two weeks for discussions in the context of the fourth review under the Stand-By Arrangement (SBA), approved by the IMF Executive Board in May 2006. The mission met with Finance Minister César Barreto, Central Bank President German Rojas, other members of the Cabinet of Ministers, and senior government officials.    » read more »

July 10, 2007 -- The following statement was released today by an International Monetary Fund (IMF) mission that visited Managua during June 25-July 6:    » read more »

July 11, 2007 -- International Monetary and Financial Committee (IMFC) Chairman Gordon Brown has tendered his resignation from the chairmanship of the International Monetary Fund's policy advisory committee since assuming his position as the U.K.'s Prime Minister. With Mr. Brown's resignation from the panel chairmanship, which was effective July 8, 2007, the IMFC will begin the process of selecting a new chairman.    » read more »

WASHINGTON, July 9, 2007 –The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed that the Islamic Republic of Afghanistan has taken the steps necessary to reach its decision point under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The Islamic Republic of Afghanistan becomes the 31st country to reach its decision point and now qualifies for interim debt relief under the Initiative.[1]    » read more »

June 28, 2007 -- Mr. Rodrigo de Rato, the Managing Director of the International Monetary Fund (IMF), informed the IMF's Executive Board today that he will not be able to serve the full length of his mandate as Managing Director and intends to leave the Fund in October following the conclusion of the 2007 Annual Meetings of the Boards of Governors of the IMF and World Bank Group.

He made the following statement on his decision to the Executive Board:    » read more »

June 28, 2007 -- The Executive Board of the International Monetary Fund (IMF) has completed the third review under a two-year Policy Support Instrument (PSI) for Nigeria. The PSI was approved on October 17, 2005 (see Press Release No. 05/229). The completion of this review will support Nigeria's efforts to entrench macroeconomic stability and pursue ongoing strong structural reforms.    » read more »

28 June 2007 -- U.S.Treasury Secretary Henry Paulson says globalization has been a positive force on the world economy, reducing poverty and spurring development around the globe. At the same time, he acknowledges the benefits of globalization are not being shared equally and this has led to a backlash against it.

Speaking at the New York Stock Exchange, Secretary Pauslon said globalization is the key economic issue facing business and governments today.    » read more »

June 25, 2007 -- Mr. Mario Garza, the International Monetary Fund (IMF) resident representative in Tegucigalpa, issued the following statement on June 25, 2007:

"At the request of the authorities, and as a part of a regional initiative in Central America, a follow-up mission from the Statistics Department of the IMF visited Tegucigalpa during June 4-22, 2007.    » read more »

June 25, 2007 -- Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), today congratulated Mr. Robert Zoellick for his appointment as President of the World Bank Group. The Managing Director issued the following statement after the announcement of the appointment:    » read more »

June 20, 2007 -- The following statement was issued in Tashkent on June 13 by an International Monetary Fund (IMF) staff mission:

"An IMF staff mission visited the Republic of Uzbekistan from June 4 through June 13, 2007. The mission was headed by Ms. Sena Eken, Assistant Director in the Middle East and Central Asia Department of the IMF.    » read more »

Approves US$2.4 Million Disbursement and Approves a Three-Year Policy Support Instrument

June 18, 2007 -- The Executive Board of the International Monetary Fund (IMF) today completed the sixth and final review of Mozambique's economic performance under an SDR 11.36 million (about US$17.1 million) Poverty Reduction and Growth Facility (PRGF) arrangement (see Press Release No. 04/153). The completion of this final review enables the release of an amount equivalent to SDR 1.64 million (about US$2.4 million).    » read more »

Approves US$4 Million Disbursement

June 18, 2007 -- The Executive Board of the International Monetary Fund (IMF) today completed the third review of Cameroon's economic performance and the review of financing assurances under a three-year Poverty Reduction and Growth Facility (PRGF)1 arrangement.    » read more »

June 18, 2007 -- The following statement was issued in Seoul on June 13 by an International Monetary Fund (IMF) staff mission:    » read more »

June 15, 2007 -- The Executive Board of the International Monetary Fund (IMF) today completed the first review under the three-year Policy Support Instrument (PSI) for Uganda. The PSI was approved on December 15, 2006 (see Press Release No. 06/281). The program objectives included macroeconomic stability, debt sustainability, financial sector deepening, and improved public sector financial management.    » read more »