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London, Friday, November 07, 2008 ARANCA News Report (www.aranca.com) : The International Monetary Fund (IMF) forecasted that developed economies will contract by 0.3 percent in 2009- the first overall contraction in developed countries since World War II. Worst hit by the crisis will be the UK, which is expected to contract by 1.3 % in 2009. [...]
London, Thursday, October 30, 2008 (ARANCA News Report (www.aranca.com): The International Monetary Fund (IMF) has approved a new short-term financing fund for emerging market economies to help them survive the global credit crunch. The fund is meant for economies that have a good economic track record but may be having difficulties accessing credit. A maximum [...]
London, Wednesday, October 29, 2008 ARANCA News Report (www.aranca.com): Iceland’s central bank raised key interest rates by six percent to 18 percent from 12 percent. The raise was part of its agreement with the International Monetary Fund (IMF) from which it borrowed $2bn (£1.3bn).The increase comes less than two weeks after Iceland cut rates by [...]
London, Wednesday, January 30, 2008 ARANCA News Report (www.aranca.com) :The US will avoid slipping into recession this year, the International Monetary Fund has predicted. The aid package being formulated by Congress, coupled with the Federal Reserve’s 0.75 per cent interest rate cut, will provide a boost to the economy and prompt a healthier outlook towards [...]
