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Related term: International Monetary Fund

  • New Zealand has emerged from the global financial crisis in better shape than many advanced countries and it is expected to continue on a gradual recovery path, according to the International Monetary Fund. Finance Minister Bill English said that IMF also supports the Government's fiscal stimulus through to June 2010 and welcomes the Government's longer-term net debt target of 20 per cent of GDP.
    Article - 2010-04-30 15:51
  • Fonterra shareholders will welcome the strong and positive performance turned by Fonterra Cooperative Group over the past half-year. “To have a result like this in a period of high commodity prices is a major achievement in itself,” says Willy Leferink, Federated Farmers Dairy vice-chairperson. “It comes only a day after the International Monetary Fund (IMF) downgraded its growth projection for the New Zealand economy to just one percent. The nation’s dairy farmers and dairy cooperatives, like Fonterra, are showing the way forward.
    Article - 2011-03-24 08:00
  • The major theme of European debt inspired risk aversion, continued to play out through the course of last week’s trade. Risk aversion reached a peak in the offshore session on Friday, as the odds on a Greek Government debt default again increased. Markets are pricing in around a 90% chance of default from Greece, as they struggle to implement the spending cuts necessary to ensure further bailout funds from the ECB, EU and IMF. The main beneficiary of this risk aversion has been the US dollar, as safe haven demand pushes it higher on almost all cross rates.
    Article - 2011-09-12 19:00
  • Throughout last week the market continued its dual focus of the complex debt issues in Europe, and a lower global growth outlook. The European debt situation remains tense as news emerged over the weekend that Greece will most probably miss deficit targets in 2011. The ECB, EU and IMF “Troika” are back in Athens to make their assessments on whether or not to release the next 8 billion Euro in bailout funds. This news will not be greatly received by the markets.
    Article - 2011-10-03 18:00
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