Fmi – Page 2

Argentina turns to the IMF and people take to the streets

11 May 2018 by admin

Argentina turns to the IMF and people take to the streets Report Wall Street Italia
Of Alessandra Caparello
A financial debacle that reopens old wounds for Argentines in recent days with the national currency, the weight, under the threat of hyperinflation and a president Mauricio Macri which to save the economy and spare its people from a new financial crisis is asking for help from the International Monetary Fund.
Although the central bank of Argentina has decided for a huge increase in the rates three times since 27 April, issandoli al 40%, the peso continued to collapse and the president had to do resort to International Monetary Fund, looking for a standby agreement for a loan of at least 30 billions of dollars (although other sources even talking about 50 billion). Which means on standby? Which wouldn't be cashed in right away, but used if the situation worsens further. Read More

National Economy | Non-fiction

IMF and Italy

10 April 2018 by admin

Of Nicola Di Cesare
IMF and Italy
Source: Appeal to the People
Based on the thinking of the managers of the International Monetary Fund, never asked by anyone (and that it has nothing to do with Italy except for the fact that our country finances it for 3,21 % of its shares), in order to revive the growth of its GDP, Italy should eliminate the fourteenth salary from all employment contracts, eliminate the thirteenth of pensions, de facto eliminate survivor's pensions and raise the rate to 27% for self-employed workers, reintroduce the IMU on the first home. The first question that a reader of average intellect should ask himself is:: but who are they and why would they want to starve millions of Italians? What they gain from it? Before delving into the merits of these statements and formulating answers to the aforementioned questions, Let's first understand what it is for and who is in command of the IMF. According to the article 1 of the Statute (establishing agreement between states) the IMF was created for: promote international monetary cooperation; facilitate expansion and international trade; promote the monetary stability of currencies and the constancy of exchange rates, avoiding competitive devaluations; provide loans, behind adequate guarantees (political and institutional interference), through the general fund resources to address balance of payments difficulties; reduce the degree of imbalance in the balance of payments of member states by preventing them from resorting to measures to devalue their currency; regulate economic growth in developing countries. Read More

Actuality | Policy

Pensions, Draghi takes sides against Salvini: better not to touch the Fornero law

28 March 2018 by admin

Of Filippo Caleri
And in addition to the ECB, the IMF has already raised the red card against a revision of the current legislation
The European Central Bank he decided: the Fornero you can't touch it. Or rather if you touch it it will be painful (financial) in the long term. A Matteo Salvini, which built part of its electoral success on its scrapping, ears will be ringing. And the challenge that, in a hypothetical government with the League within, is very difficult to find in front of you. Considering that other international bodies such as the International Monetary Fund they have already raised the red card against a revision of the current pension law.
In a recent study three IMF economists Michal Andrle, Shafik Hebous, Alvar Kangur and Mehdi Raissi titled “Italy: Toward a Growth-Friendly Fiscal Reform” they explained that at the moment our pension expense, despite the criticized and harsh Fornero reform, with the 16% of GDP is the second highest, surpassed only by Greece. A consideration that effectively stops Salvini's scrapping ambitions. He also joined the IMF Draghi He immediately made his thoughts on the matter known: “Many countries have already implemented regulations reforms of pension systems after the sovereign debt crisis, although the pace of reforms has slowed recently. Further reforms in this area are essential and must not be delayed, also in light of economic policy considerations”. Read More

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