Word: imf
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Dates: during 2000-2009
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...analysts say it wasn't just Morales' social largesse that ensured a larger landslide this time. Critics foresaw macroeconomic disaster three years ago when Morales, fulfilling a campaign promise, nationalized Bolivia's vast natural-gas reserves. Among the doubters was the International Monetary Fund (IMF) in Washington. Today the IMF is hailing Bolivia's projected economic growth rate of almost 3%, one of the hemisphere's highest, as well as the fact that the country's economy has averaged almost 5% annual growth since Morales came to office, Bolivia's best performance in three decades. "Bolivia is the most profound...
...With the IMF scheduled to report next April its own findings on possible funding options for future bailouts, banks will, in one way or another, be forced to put aside more to cover the costs. Tobin, were he alive, would surely welcome that...
...weak dollar is helping America's exports. But it is also spooking holders of U.S. debt, whose continued purchases of U.S. Treasury bills allow Washington to fund its deficit spending. Last week, the International Monetary Fund (IMF) announced that the Reserve Bank of India had bought 200 tons of IMF gold reserves, the biggest single purchase by a central bank in 30 years. That pushed the price of gold past $1,100 an ounce, the latest record breaker in a string of new highs, as the market anticipated gold buying by other central banks to hedge against a falling dollar...
...feedback loops. What is clear is that there needs to be some measure of coordination among central bankers and policymakers as they exit stimulus measures and tighten monetary policy. It is fortunate that the planet now has forums such as the G-20 and reinvigorated multilateral institutions like the IMF to help in this regard...
...Bush Administration, which was critical of the government's handling of the violence. Indeed, if the travel bans are enacted, Kenya would join the company of Zimbabwe and Sudan in being countries with officials who are not allowed entry to the U.S. And the last time the IMF and World Bank suspended loans to Kenya was in the late 1990s, under Moi's dictatorial rule. All this comes at a trying time for the country. The Kenyan economy has been hobbled by the post-election violence and a punishing drought. Staff who conducted a recent census have been unpaid...