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NUSA DUA, Indonesia (AFP) — Central bank rate hikes were a “necessary development”, International Monetary Fund chief Christine Lagarde said Thursday, a day after Donald Trump sent global markets tumbling by calling Fed increases “crazy”. “It is clearly a necessary development for those economies that are showing much improved growth, inflation that is picking up… unemployment that is extremely low,” Lagarde told a press briefing at the IMF’s annual meeting in Bali. “It’s inevitable that […]
WASHINGTON, United States (AFP) — International Monetary Fund chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity. “The long-awaited global recovery is taking root,” she said in an address Thursday evening at Harvard’s Kennedy School of Government. Countries around the globe are seeing renewed or sustained economic expansion, coinciding with greater stability in banks and market confidence, she […]
by Aurélia END Clare BYRNE Agence France-Presse PARIS, France (AFP) – A French court on Monday found IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but spared her a fine or prison sentence. The ruling was a rare setback in Lagarde’s glittering career but it was not clear how it would affect her position at the International Monetary Fund, whose board was […]
by Aurélia END Agence France Presse PARIS, France (AFP) – IMF boss Christine Lagarde faced a grilling Tuesday, the second day of her trial, over the “colossal” damages payout authorised for a tycoon while she was French finance minister. Presiding judge Martine Ract Madoux forced the head of the International Monetary Fund on the defensive as she questioned why 45 million euros ($48 million) had been paid to Bernard Tapie in compensation. These so-called “moral […]
