Word: imf
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Dates: during 2000-2009
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...root of the troubles are the "toxic assets" - the highly leveraged securities mainly linked to U.S. mortgages - that banks around the world still have on their books. In its latest estimate this month, the International Monetary Fund (IMF) calculated that losses on these now virtually worthless securities could amount to $1.4 trillion. So far, banks have written off less than half that. Concern about who is still holding dud paper has gummed up credit markets, with banks refusing to lend to one another for fear that the borrowers may default or may have themselves lent to other banks that could...
...latest economic outlook, published on Oct. 8, the IMF predicted that the U.S. economy will grow just 0.1% next year, its worst showing in 18 years. Europe is expected to fare no better, and China, India and other emerging economies that have been critical drivers of global economic growth over the past five years are also expected to slow markedly. That means nobody will be able to take over for the U.S. as the locomotive of the world economy, and everyone will drag down everyone else. Overall, the IMF expects world economic growth to slow to 3% in 2009, from...
...reducing its pariah-state image - a tangible symbol of being welcomed back into the global community. Second, removal held out at least the prospect, down the road, of some economic benefits. A spot on Washington's terror list scares off the world's multilateral lending institutions - including the IMF, World Bank and Asia Development Bank - from even considering aid programs given that the U.S. is their largest contributor...
...billion that the country needs to continue servicing its foreign debt. Though a rescue loan now seems likely, the conditions set by financiers will probably be tough. Commercial banks have refused to bail Mexico out until it has reached an agreement with the International Monetary Fund. And the IMF will not help until the country has slashed its domestic budget and reduced an inflation rate that may exceed 90% this year. The more Mexico tries to placate its creditors, however, the more it unsettles its people. Earlier this month the price of tortillas quadrupled overnight. Next month the cost...
...play well at home. Since becoming Chancellor in 1997, he has had many ideas and made many pronouncements, a large percentage of which came to nothing or missed their target. Let us see how many of Brown's ideas for the reform of the U.N., NATO, the IMF and the World Bank he personally drives forward into positive changes. Time will tell. In many instances, the best that can be said of our Prime Minister is that there is a lot of talk and very little action. Alan F. Smith, North Berwick, Scotland