Word: imf
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Should we expect any change from your husband's administration, or do you plan to continue his course? Under him Argentina has had unheard-of macroeconomic achievements - not only growth but a historic restructuring of Argentina's foreign debt, especially with the International Monetary Fund (IMF), in order to sustain that growth. So I'd say we've already experienced a huge change under President Kirchner. Now we can build on it with things like improved education and a system of national public health...
...still insisting on restructuring terms that leave them with less heavy losses. Our restructuring plan isn't something capricious. In fact, it's based on economic and, more important, capitalist rationality, because we've determined it's the only way we can sustain the economic growth that the IMF, which was the original devil in this whole situation, had always insisted on from the beginning. There is always risk involved. You can't be a capitalist only when there are investment profits but then a socialist when you experience losses...
...epicenter of the contraction. Many investors are betting that the Fed will have to do more, including making large cuts in interest rates, to restart credit creation and prevent further damage to the economy. A decade ago, the world also looked to Washington - and, specifically, the International Monetary Fund (IMF) - for deliverance from the financial turbulence. This was immortalized in a photograph of IMF chief Michel Camdessus peering over the shoulder of then Indonesian President Suharto, as the latter signed his country's agreement to receive IMF loans...
...Trade Orbanization, Republican and Democratic Senators alike have criticized the Administration's actions against China's currency undervaluation as inadequate and unable to stymie the ongoing loss of American manufacturing jobs. The bill would require the Bush Administration to take action against currency manipulators through the WTO and the IMF...
...Locals credit their town's rebirth to AKP policies and, in particular, the party's economic management. After a financial crisis in 2001 caused Turkey's currency to lose half its value, the country introduced IMF-inspired reforms that the AKP has doggedly maintained. As a result, Turkey has not only experienced impressive gdp growth, but has rid itself of the hyperinflation that plagued it for most of the 1990s. For real estate agent Abdullah Cam, 23, who says his family firm has tripled revenues in the past five years, the AKP has been "great for business." Down the road...