Posts Tagged ‘Dominique Strauss-Kahn’

Reuters: IMF chief says Urgent action needed to protect recovery

Posted: August 27, 2011 in Asian Currency Markets, Euro, GCC, Other Currencies, US Economy
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International Monetary Fund chief Christine Lagarde (C) arrives at the opening reception and dinner for the Federal Reserve Bank of Kansas City Economic Policy Symposium in Jackson Hole, Wyoming August 25, 2011. REUTERS/Price Chambers(Reuters) – The new head of the IMF on Saturday urged global policymakers to pursue urgent coordinated action, including the mandatory recapitalization of European banks, or risk descent into renewed world recession.

“Developments this summer have indicated we are in a dangerous new phase,” International Monetary Fund Managing Director Christine Lagarde said on Saturday at an annual gathering of policymakers from around the world hosted by the Kansas City Federal Reserve Bank.

Read More: http://www.reuters.com/article/2011/08/27/us-global-economy-idUSTRE77Q1XT20110827

Bloomberg: IMF Urges Stronger Yuan to Protect World From ‘Shocks’ in China’s Growth

Posted: July 21, 2011 in Iraqi Dinar/Politics
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IMF Urges Stronger Yuan The International Monetary Fund said China should let the yuan gain to boost demand and global economic stability, citing the risk that any growth shocks in the country will hurt the world.

Currency appreciation combined with reforms to rebalance the Chinese economy “would yield substantial benefits,” the fund said in astatement late yesterday in Washington. A “major disruption in China’s so-far steady growth would have material adverse consequences,” IMF directors said.

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IMF Press Release: IMF Executive Board Selects Christine Lagarde as Managing Director

Posted: June 28, 2011 in Iraqi Dinar/Politics
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Press Release No. 11/259
June 28, 2011

The Executive Board of the International Monetary Fund (IMF) today selected Christine Lagarde to serve as IMF Managing Director and Madame Chairman of the Executive Board for a five-year term starting on July 5, 2011. Ms. Lagarde, who succeeds

Mr. Dominique Strauss-Kahn, is the first woman named to the top IMF post since the institution’s inception in 1944.

The selection of Ms. Lagarde by the 24-member Executive Board representing the IMF’s 187 member countries brings to conclusion the selection process initiated by the Executive Board on May 20, 2011 (see Press Release No. 11/191). According to the agreed procedures, the Board had agreed to meet with Mr. Agustín Carstens and Ms. Lagarde for the post. The candidates met bilaterally with Executive Directors, as well as the Executive Board, during June 20-23, 2011. In these meetings, Mr. Carstens and Ms. Lagarde had the opportunity to present all relevant information concerning their specific candidacies.

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AP: IMF could pick Lagarde as chief as soon as Tuesday

Posted: June 28, 2011 in Iraqi Dinar/Politics
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WASHINGTON – French Finance Minister Christine Lagarde is expected to be chosen as early as Tuesday to be the new leader of the International Monetary Fund.

Lagarde would be the first woman to lead the lending organization. She would replace Dominique Strauss-Kahn, who resigned last month after being charged with sexually assaulting a New York City hotel housekeeper. Lagarde was opposed by Agustin Carstens, a Mexican central banker whose candidacy never caught fire, even among developing countries.

Read more: http://old.news.yahoo.com/s/ap/20110628/ap_on_bi_ge/us_imf_future

Who would want to steal data from the IMF? Storage of secret financial information of many countries

Posted: June 13, 2011 in Iraqi Dinar/Politics
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Who wants to robbery on the IMF over the Internet? .. The store secret information on the financial situation of many States

The International Monetary Fund, which is still struggling to find a new president in the wake of the arrest of its Managing Director in New York last month, recently, what he described as experts in the field computer attack is huge and complex over the Internet is still unknown dimensions .

The most serious of the Fund, which administers the various financial crises around the world, and is a repository for highly confidential information about the financial situation of many States, his staff and the Governing Council on the attack, on Wednesday, but did not issue a public statement regarding this matter .

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IMF leadership in disarray on Dominique Strauss-Khan arrest; Leader calls for resignation

Posted: May 17, 2011 in Iraqi Dinar/Politics
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IMF Managing Director in Lima Peru

Dominique Strauss-Kahn

THE arrest of International Monetary Fund (IMF) chief Dominique Strauss-Kahn on sexual assault accusations in New York throws into disarray not only the IMF’s leadership but also its central role in the financial rescue of several struggling European nations, The Wall Street Journal reported overnight.

Strauss-Kahn was arrested on Saturday over an alleged sexual assault of a maid in a Manhattan hotel, authorities said.

Read more: http://www.dailytelegraph.com.au/business/international-monetary-fund-leadership-in-disarray-on-dominique-strauss-khan-arrest/story-e6frez7r-1226056572382

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Strauss Kahn, IMF Scam Fails, the Debt Crisis Crescendo

Posted: May 16, 2011 in Iraqi Dinar/Politics
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May 15, 2011
When Dominique Strauss Kahn, then director of the IMF, fled his Manhattan hotel room in a vain attempt to take an Air France plane to Europe, Roman Polanski style, he inexplicably left his cellphone in the room where he had allegedly attempted to rape a hotel maid. The cellphone was of course loaded with a list of very interesting names and numbers, pored over by New York police and Federal US officials.
Why was Stauss Kahn in New York? He went there instead of flying direct from Washington to Berlin, first stop on a European tour and first meeting set with chancellor Merkel of Germany. To reassure Merkel that the next bailout of Greece would cost little to German finances, that the euro would stay strong and credible because the US dollar was now close to terminal meltdown and was receiving special treatment from the IMF.

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IMF chief warns globally “we are still in a crisis”

Posted: April 15, 2011 in Iraqi Dinar/Politics
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WASHINGTON, April 15 (KUNA) — The chief of the International Monetary Fund, Dominique Strauss-Kahn, warned late Thursday the global economic crisis continues despite improving economic conditions, posing high unemployment rates as the biggest threat to global recovery.

“We are still in a crisis,” said Strauss-Kahn, the International Monetary Fund’s (IMF) managing director cautioning against “complacency”. He noted the key to sustainable growth for “advanced economies” would be jobs.

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IMF/World Bank Spring Meetings April 11-16

Posted: March 31, 2011 in Iraqi Dinar/Politics
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Spring Meetings: Washington D.C.Each Spring, thousands of government officials, the private sector, journalists, civil society representatives, and other interested observers gather in Washington DC for the Spring Meetings of the World Bank and IMF. At the heart of the gathering are meetings of the joint World Bank-IMF Development Committee and the IMF’s International Monetary and Financial Committee, which discuss progress on the work of the World Bank and IMF. Also featured are seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world’s financial markets.

The plenary session of the World Bank and the IMF’s Boards of Governors is scheduled only during the Annual Meetings in the autumn.

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IMF: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding

Posted: March 28, 2011 in Iraqi Dinar/Politics
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Related Post 3/18/2011: IMF Executive Board Completes Second Review Under Stand-By Arrangement with Iraq, Grants Waivers and Approves $471 Million Disbursement LINK

Iraq: Letter of Intent, Memorandum of Economic and Financial
Policies, and Technical Memorandum of Understanding
March 3, 2011

The following item is a Letter of Intent of the government of Iraq, which
describes the policies that Iraq intends to implement in the context of its request
for financial support from the IMF. The document, which is the property of Iraq,
is being made available on the IMF website by agreement with the member as a
service to users of the IMF website.IRAQ:

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IMF Direct: A Stronger Financial Architecture for Tomorrow’s World

Posted: February 12, 2011 in Iraqi Dinar/Politics
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February 10, 2011

By Dominique Strauss-Kahn

The international monetary system (IMS) is a topic that encompasses a wide range of issues—reserve currencies, exchange rates, capital flows, and the global financial safety net, to name a few. It is one of the key issues on the G-20’s work agenda for 2011, and a topic that is eliciting lively discussion—for instance the recent, insightful report of the group chaired by Michel Camdessus, called the “Palais-Royal Initiative”.

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IMF has changed, chief tells Asia

Posted: February 2, 2011 in Iraqi Dinar/Politics
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The IMF said Wednesday it had learned from its mistakes during the 1997-1998 Asian financial crisis and had undertaken reform to give the region’s countries a greater say in how the Fund is managed.

International Monetary Fund chief Dominique Strauss-Kahn said the Fund wanted a fresh start with Asia as he visited Indonesia, Southeast Asia’s biggest economy, and met President Susilo Bambang Yudhoyono.

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