WASHINGTON: ‘ WORLD FINANCIAL LEADERS PLEDGE TO ACT BOLDLY ON WEAK ECONOMY ‘

#AceFinanceNews – WASHINGTON – October 12 – World financial leaders are pledging to act boldly and ambitiously to give a weak and uneven global recovery some momentum, but they have often fallen short in the past when trying to follow through on their promises.

The pledge from the International Monetary Fund’s policy-setting committee comes after a week of volatile swings in the financial markets – powered by concerns that parts of Europe may be sliding into another recession.

Source: Extract Courtesy of AP 

#AFN2014

Advertisements

#economy, #europe, #imf, #international-monetary-fund-imf, #pledge, #pledging, #washington

#AceFinanceNews KIEV May 05 #AFN2014

#AceFinanceNews – KIEV – May 05

#AFN2014

Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves in order to stabilize the financial situation in the country, National Bank Chairman Stepan Kubiv said

#international-monetary-fund-imf, #kiev

IMF Approves Two-year-Stand-By-Arrangement Worth $17.01 Billion with First Tranch’e of $3 Billion in May ‘

#AceFinanceNews – UKRAINE – May 01 – The Executive Board of the International Monetary Fund (IMF) has approved a two-year Stand-By Arrangement (SBA) worth $17.01 billion for Ukraine, the IMF’s press service said on May 1.

As was earlier reported, Kyiv hopes to get the first $3 billion tranche of the new SBA between May 5 and May 8, 2014, Ukrainian Finance Minister Oleksandr Shlapak said on April 30. (Interfax-Ukraine)

“We’re waiting about $3 billion [in the first tranche]: $1 billion will go to the National Bank of Ukraine, $2 billion will cover the budget deficit.

We expect this from May 5 to May 8,” he said.

IMF PRESS RELEASE

#AFN2014

#imf, #international-monetary-fund-imf, #kyiv, #national-bank-of-ukraine, #ukraine, #ukrainian