IMF
International Monetary Fund. An international organisation of 187 member states. Its aims are to stabilise exchange rates and assisting economic development through the liberalising of econnomic policies.
# imf - Wednesday 15 May, 2013
IMF gives the ok for €1 billion bailout loan for Cyprus
The IMF said the money is intended to stabilise the country’s ravage financial system.
# imf - Tuesday 14 May, 2013
EU will inspect Ireland’s finances for decades after bailout, under new rules
The ‘two-pack’ also means the Budget will have to be submitted to Brussels for its approval every October from now on.
# imf - Thursday 9 May, 2013
Troika want banks monitored after ‘disappointingly slow start’ on arrears
The conclusion of the Troika’s tenth review mission to Ireland will result in an estimated €2.4 billion being released.
Column: Are we proud that Ireland is the poster child of austerity?
Austerity has not worked in Ireland or across the eurozone, writes Joan Collins, who points out that even the architects of our bailout admit it was the wrong path.
# imf - Sunday 5 May, 2013
Column: It’s fanciful to think a wealth tax would make the rich leave Ireland
A former IMF head of the mission for Ireland has said an entire reliance on austerity was not the right move – yet we’re still following that road. David Cronin asks why.
# imf - Saturday 4 May, 2013
Portugal: 30,000 jobs cuts, working hours increased and pension age rises
The cuts should save an estimated €4.8 billion by 2015.
# imf - Tuesday 23 April, 2013
Talks on public sector pay likely to top agenda on latest Troika mission
Officials from the EU, IMF and ECB arrive in Dublin today to conduct their tenth review of Ireland’s bailout programme.
# imf - Monday 22 April, 2013
Troika wants Ireland to outline spending cuts for three years
The European Commission approves the latest €1.6 billion loan – but wants Dublin to say WHERE it will continue to cut back.
# imf - Thursday 11 April, 2013
The 5 at 5: Thursday
5 minutes, 5 stories, 5 o’clock…
Austerity-only policy for Ireland was a mistake, admits former IMF chief
Ashoka Mody says the Troika chose to go down an austerity-only route instead of conceding on terms and conditions.
# imf - Monday 8 April, 2013
IMF: Bank losses and IBRC wind-down could cost taxpayer another €16bn
The IMF says NAMA may need to be compensated if it pays more than the market price for IBRC assets.
Portugal PM announces severe spending cuts
As the EU warned the debt-hit nation to respect the aims of its international bailout.
# imf - Thursday 4 April, 2013
IMO votes unamimously against Croke Park II
The Irish Medical Organisation said their members would not be bound by the Irish Congress of Trade Unions by accepting the Croke Park II proposals
# imf - Wednesday 3 April, 2013
The 5 at 5: Wednesday
5 minutes, 5 stories, 5 o’clock…
IMF: European help, progress on mortgages crucial to exit from bailout
The IMF’s latest quarterly review of Ireland’s progress says progress on dealing with mortgage arrears is a make-or-break.
# imf - Thursday 28 March, 2013
With limits on cash withdrawals, Cypriot banks reopen calmly
The restrictions on withdrawals, cashing of cheques and taking money abroad will be lifted within a month, the country’s foreign minister said today.
Cypriot banks brace for reopening with cash withdrawals capped at €300
Armed security guards have been posted, but there was no sign of customers queuing early for access to their cash.
# imf - Monday 25 March, 2013
Updated: All banks in Cyprus will now stay closed until Thursday
Earlier it had been reported that all banks, aside from the country’s two biggest financial institutions, would reopen tomorrow.
Cyprus reaches last minute deal to avoid bankruptcy
A failure to reach a deal could have seen the country exit the Euro.
# imf - Sunday 24 March, 2013
Explainer: Your 25-point crash course on what’s happening in Cyprus
Bailouts! Deposit levies! Leaving the euro? It’s all been happening in the last ten days.
Eurozone finance ministers to meet in Brussels on Cyprus crisis
Ministers will hold a last-ditch meeting to decide whether Cyprus will get a bailout – or be forced to leave the euro.
# imf - Saturday 23 March, 2013
Merkel ally admits European authorities underestimated Cyprus ‘mess’
Elmar Brok, the chair of the European Parliament’s Foreign Affairs Committee, has admitted he can foresee a situation where Cyprus could exit the single currency and said that authorities underestimated the current situation there.
Cyprus president prepares for Brussels as parties debate 25pc deposit tax
The Troika are in Cyprus for intensive talks, while Nicos Anastasiades could yet lead a delegation to Brussels this afternoon.
IMF approves latest round of bailout loans for Ireland
The approval of nearly €1 billion in new lending means the IMF has handed over about 89 per cent of the total loan.
# imf - Friday 22 March, 2013
Cypriot parliament approves first EU bailout measures
MPs voted in favour of a national solidarity fund meaning the nationalisation of public and private sector pensions and of capital controls to prevent a run on banks.
Cyprus parliament to vote on plans to ‘armour the banking system’
Officials scramble to cement a revised plan to stop a possible collapse of the country’s banking system.
# imf - Wednesday 20 March, 2013
Investigators search home of IMF chief Christine Lagarde
The IMF chief’s lawyer said that the search is part of an inquiry into her role in a $400 million arbitration deal in favour of a tycoon.
# imf - Saturday 16 March, 2013
Bank deposits hit as EU/IMF bailout for Cyprus agreed
Deposits in Cypriot banks will be hit with a one-off levy of 6.75 per cent with those with over €100,000 in banks hit with a 9.9 per cent levy under the €10 billion bailout proposal.
# imf - Friday 8 March, 2013
The 5 at 5: Friday
5 stories, 5 minutes, 5 o’clock…
IMF open to extending repayment date on Ireland’s €19bn bailout loans
Christine Lagarde says the IMF has an “open mind” about allowing Ireland to defer its repayments if it helps end the bailout.
Enda Kenny meets IMF chief Christine Lagarde in Dublin
Lagarde will mark International Women’s Day by hosting a lunch in Dublin.
# imf - Tuesday 5 March, 2013
EU finance ministers confirm deal to delay Ireland’s bailout repayments
Ministers have asked the Troika to come up with a proposal on the best options for extending the maturities of Irish loans.
Deal could delay repayment of Ireland’s EU bailout loans
The detail of extended loan repayments on the EU portion of Ireland’s bailout is still to be worked out but could save the State significant amounts of money in the coming years.
# imf - Wednesday 27 February, 2013
Column: The ‘vulture fund’ eyeing Argentina – and what it means for other indebted states
A New York court will today influence the economic future of Argentina in a case that will have wide-ranging ramifications for other indebted nations, writes Nessa NÃ Chasaide.
# imf - Tuesday 26 February, 2013
’2,500 jobs jeopardised’ by sale of Coillte’s harvesting rights – report
The Irish Timber Council, representing the country’s sawmills, says that the entire industry is at risk from the proposed sell-off of harvesting rights on Coillte forests.
# imf - Thursday 14 February, 2013
# imf - Thursday 7 February, 2013
Troika sounds warning note about Ireland’s unemployment rate
While the troika was happy with the continued implementation of the bailout programme, it warned that “unemployment remains stubbornly high” and turning into a long-term condition.
# imf - Saturday 2 February, 2013
Latvia to ask permission to adopt the euro
The country, which had previously borrowed €7.5 billion in bailout funds, intends to send a formal request to the European Union this month.
# imf - Friday 1 February, 2013
IMF paper: Ireland has survived crisis before, and can do it again
A working paper by an IMF economist says Ireland can get out of its slump as long as it makes itself competitive.
Stephen Donnelly: I put your questions to the Troika. Here’s what they said
The independent Wicklow TD met the Troika today, with YOUR questions in hand. Here’s what he was told.
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