EMerging Equity
Christine Lagarde
Chinese Yuan Set To Be Added As Reserve Currency This Year: Bloomberg Survey
China is set to see its currency, the yuan, officially called renminbi, being added as a reserve currency this year, according to Bloomberg. A recent survey conducted by Bloomberg shows that eleven out of sixteen economists have predicted that the International Monetary Fund (IMF) will add the Chinese currency to its Special Drawing Rights (SDR) basket during … Continue reading
As China-Led AIIB Gains Traction, Premier Li Asks IMF For Yuan Inclusion In SDR Basket
Chinese Premier Li Keqiang asked the International Monetary Fund’s (IMF) Managing Director Christine Lagarde on Monday to include China’s yuan in its Special Drawing Rights (SDR) basket, China’s state-run Xinhua news agency reports. According to the report, Premier Li told Lagarde that China would “speed up the basic convertibility of yuan on the capital account and provide more facility for domestic … Continue reading
De-Dollarization: Chinese Yuan “Clearly Belongs” In SDR Basket, Lagarde Says
International Monetary Fund (IMF) Managing Director Christine Lagarde said on Sunday that the Chinese yuan “clearly belongs” in the Special Drawing Rights (SDR) basket and that the IMF would work with China to that end, Bloomberg reports. “Timing is something that we will be discussing amongst ourselves but I think we welcome this introduction,” Lagarde said. … Continue reading
The Global Impact Of The Rising Dollar
By Deena Zaidi The US dollar has been on the rise every day setting new records. With the upward pressure on dollar, stronger dollar could tighten financial conditions across the globe. Further the rising dollar could be offsetting the benefit of low cost oil within the US economy. Over the past six months, the trade-weighted dollar … Continue reading
IMF Ready To Lend $17.5 Billion To Back Ukraine Reform Plan
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement yesterday (February, 12th) in Brussels. “I am pleased to announce that the IMF team working in Kiev has reached a staff-level agreement with the Ukrainian government on a new economic reform program that would be supported by an Extended Fund Facility of … Continue reading
Ebola In Africa: IMF Grants $100 Million To Guinea, Liberia And Sierra Leone
The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total. The IMF additionally offered the nations $160 million in zero-interest loans. “Those three countries are going through a very, very dramatic ordeal that combines pandemics, the risk of isolation” told Christine Lagarde, IMF Managing Director. The … Continue reading
Senegal On The Way To An Emerging Economy: Transformation, Inclusiveness, Equity
By Christine Lagarde Managing Director, International Monetary Fund Dakar, Senegal, January 30, 2015 As Prepared for Delivery Introduction Mr. President of the National Assembly, Members of Government, Members of the Parliament, Members of the Diplomatic Corps and International Organizations, Ladies and Gentlemen, Good afternoon. Asalamu Alekum! I would like to thank President Moustapha Niasse for … Continue reading
IMF Links Aid To Ukraine To Peace
By BNE IntelliNews Christine Lagarde, head of the International Monetary Fund, has for the first time publicly linked IMF funding for Ukraine to an end to conflict in the country’s east. “In order to reform its economy, Ukraine need stable borders, this is indispensable,” she told Le Monde during an interview at the World Economic Forum in Davos on … Continue reading
The Right Choices for 2015 – Christine Lagarde
By Christine Lagarde WASHINGTON, DC – As 2015 begins, policymakers around the world are faced with three fundamental choices: to strive for economic growth or accept stagnation; to work to improve stability or risk succumbing to fragility; and to cooperate or go it alone. The stakes could not be higher; 2015 promises to be a … Continue reading
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