Tag: IMF

AI

THE EVOLVING IMF

Colin Henderson

Over the past 30 years the IMF has adapted to global shocks and evolving member needs Source IMF I respect the IMF and their comprehensive view of the world since WW2. This latest is a useful summary of recent banking and financial crises. >Dear Colleague, >The IMF has always adapted to the evolving needs of its member countries, and the pace of change has accelerated in the past 30 years, the IMF’s Atish Rex Ghosh and Andrew Stanley write in F&D magazine’s Picture This series. In response to financial crises, the IMF not only stepped-up lending but also enhanced its crisis prevention and resolution tool kits, … Continue reading THE EVOLVING IMF

Uncategorized

It’s looking a bit lonely for US on the “right side of history” – Summers

Colin Henderson

My Conclusion (full conclusion at the foot) While America worries about Taiwan and computer chips, China is waging economic efforts to replace the legacy institutions set up by the West after WW2 (1940’s). Analysis Larry Summers speaks out while attending this weeks IMF annual meeting. He goes straight to the mandate and actions of the IMF and World Bank. They were set up to operate the Bretton Woods agreements of 1944 designed to establish for the first time a world wide monetary order. Summers point is to suggest the mandate of IMF, World Bank and UN is increasingly losing relevance … Continue reading It’s looking a bit lonely for US on the “right side of history” – Summers

Uncategorized

IMF predict tougher recovery for world economy

Colin Henderson

The Global Financial Stability Report is issued usually annually. This issue has the sub text: Safeguarding Financial Stability amid High Inflation and Geopolitical Risk It is a long report and available at IMF. Here is the FT view. The IMF has warned of a “hard landing” for the global economy if persistently troublesome inflation keeps interest rates higher for longer and amplifies financial risks. On to the report. The beginning of IMF Executive Summary is reproduced here. It summarises at a high level although it leaves out some important aspects in particular the financial mismanagement of the failed banks; a … Continue reading IMF predict tougher recovery for world economy

Economy

Cabinet Office Pegs Global Economic Growth At Just 1% In 2010

Colin Henderson

I have read enough economic forecasts over the last 2 years to realise that this forecast from the Japanese government is the first time that government has recognised the obvious that the situation we are in is not going to resolve quickly. I am a firm believer in this being an L shaped recovery, and this report points in that direction.  There is just too much lag built into the shift we have experienced.  With such a dramatic and permanent drop in asset values we have seen, the natural deleveraging impact will take years to work through the system. Cabinet … Continue reading Cabinet Office Pegs Global Economic Growth At Just 1% In 2010

Uncategorized

Toxic debts could reach $4 trillion, IMF to warn

Colin Henderson

In a much anticipated upward revision of earlier forcasts, the IMF is expected to increase its estimate of toxic assets, that is loans that should be written off, to $ 4 trillion. The new forecast is expected 21st April, and reported today by The Times. The forecast apparently will cover primarily US-originated assets but this forecast introduces European-originated assets. This represents the most ocnsequential statement of evidence yet, that this is a debt crisis which must be resolved before other elements of the banking system will return to any degree of normality. It will also require changes at the top … Continue reading Toxic debts could reach $4 trillion, IMF to warn

Uncategorized

“But the big ‘if’ is the speed of the cleaning up of [bank] balance sheets”

Colin Henderson

The head of the IMF continues to rightly focus on the need to clean up bank balance sheets.  To ignore them remains a central cause of lack of confidence which will hinders economic prospects due to the uncertainty caused by doubtful asset values. The more reason to adopt and move forward with Geithners measures right away. Hard times call for hard measures | Financial Times While there is no doubt that the forces for recovery are powerful, risks remain. Dominique Strauss Kahn, managing director of the IMF, told the Financial Times yesterday he expects recovery during the first half of … Continue reading “But the big ‘if’ is the speed of the cleaning up of [bank] balance sheets”

Economy2 Comments

Reference material | New economic documents – world economy with country specifics (close to 1,000 pages here)

Colin Henderson

For your reading pleasure | very credible stuff here with the latest on statistics and reference.  Keep handy for that next strategy powerpoint.  I will add to sidebar for later reference too. IMF World Economic Outlook oct 2008 original link – IMF IMF World Economic Outlok – update Jan 2009 original link – IMF The Future of the Global Financial System – World Economic Forum 2009 original link WEF Annual Report 2008– World Economic Forum original link WEF Continue reading Reference material | New economic documents – world economy with country specifics (close to 1,000 pages here)