Tag: Christine Lagarde
IMF's Christine Lagarde is calling the G20 group to prioritise on solving trade war tensions as it could be risky to the global economic growth.
IMF says the global economic outlook could be slashed by 0.5% in 2020 and cause some US$455 billion in gross domestic products to evaporate.
The three years since the June 2016 UK referendum to leave the EU have weighed most heavily on Britain.
“If we have a deal, then we’ll have a summit,” Trump said. It might take four weeks to put together a framework for the deal and two weeks more to get the details on paper, he said.
IMF chief Christine Lagarde said the world economy was vulnerable to shocks from Brexit, high debt levels and trade tensions, as well as unease on financial markets.
IMF Managing Director says trade tensions are already having a global impact.
Information Minister Fawad Chaudhry says Khan will meet IMF Managing Director Christine Lagarde on the sidelines of the World Government Summit in Dubai.
The prime minister is scheduled to meet Christine Lagarde on the sidelines of the 33rd Asean Summit in Singapore.
Trump's comments followed unprecedented criticism late Thursday, when he said the Feds had gone crazy, and blamed the interest rate increases for the stock selloff, which caused the Dow Jones Industrial Average to lose more than 800 points.
Lagarde spoke as a global market sell-off rolled into Asia following Trump's comments, underscoring rising financial volatility that the IMF will address at its annual meetings with the World Bank this week in Bali.
Finance ministers and central bankers from many of the IMF's 189 member nations are meeting in Bali this week where concerns about protectionism have taken centre stage -- especially the escalating trade war between the United States and China.
Lagarde, in a speech ahead of the IMF and World Bank’s annual meetings next week in Indonesia, said growth was at its highest level since 2011, but had plateaued, with fewer countries participating in the expansion.
Christine Lagarde said that lawmakers needed to amend the law to guarantee the court’s effectiveness.
The head of the IMF says countries should open trade further by reforming their own domestic practices rather than putting up new barriers to trade.
Managing Director believes such a move is "a possibility" because the fund will need to increase the representation of major emerging markets as their economies grow larger and more influential.
Lagarde said the fund is "working closely with the French authorities to investigate this incident and ensure the safety of our staff."
Despite the ruling the judges did not hand down any sentence in the case on her decision to allow the rare out-of-court arbitration payment.
The case remains a blemish on an otherwise stellar international career in business, government and finance that has seen her break through barriers as a woman.
The International Monetary Fund boss, who has repeatedly protested her innocence, faces up to a year in prison and a fine of 15,000 euros ($16,850) if found guilty.
Tapie walked away with a staggering 404 million euros ($445 million) in compensation in 2008 after Lagarde ordered the long-running row over the sale of sports gear giant Adidas to be resolved by arbitration.
She also said the IMF needs to show more concern for the poorest and for social justice.
Lagarde was placed under formal investigation in 2014 for negligence in a protracted legal drama pitting Tapie against a bank which he accused of defrauding him during his sale of sports clothing giant Adidas in the 1990s.