Fuel subsidies disappear and oil prices go up

Oil closed yesterday at a price of $ 37.87 per barrel (WTI, Texas). A price still insufficient given the economic crisis. The oil-producing countries affected by the collapse of oil prices, have been forced to take unpopular measures that translate into a rise in gasoline and...

IMF and WTO will analyze Ecuadorian global safeguards proposal

The International Monetary Fund (IMF) and the World Trade Organization (WTO), should analyze the proposed global safeguards on which the Ecuadorian government is working in order to balance the balance of payments. On the issue, the Minister of Industries, Ramiro Gonzalez, said...

IMF downwards the growth forecasts of the world

The institution directed by Christine Lagarde indicated that the world will grow less than they had estimated in October, when even then, expectations had already been lowered with relation to the previous ones. The global growth for 2015 is expected to be between 3.5% and 3.7%,...

Ukraine asks the EU a 2,000 million euros loan to cancel gas debt

Ukraine asked the European Union (EU) an additional loan of EUR 2,000 million ($ 2,600 million dollars) to pay part of its debt with the Russian giant Gazprom and resume gas supply. “The Commission has received a request from the Ukrainian authorities for an additional loan...

Germany was accused of taking Europe to the way of deflation

The German Finance Minister, Wolfgang Schaeuble, endured harsh criticism during the meetings of the International Monetary Fund (IMF) in Washington over the weekend and dismissed suggestions that Berlin is under pressure to change the economic management. Berlin had not been so...
Posted On 13 Oct 2014

WB and IMF met to discuss on Ebola

This thursday a high-level meeting in Washington about the Ebola epidemic took place. The heads of the UN, the World Bank and the International Monetary Fund (IMF), the presidents of Guinea, Liberia and Sierra Leone attended the meeting. “In 30 years of working in public...

Ecuador economy will increase by a 4% in 2014 and 2015, according to IMF

The International Monetary Fund (IMF) predicted an improvement in the economies of Ecuador, Colombia and Bolivia, despite the significant slowdown of the Venezuelan Gross Domestic Product (Gthe DP) and growth below expectations of Peru. In its report released today...
Posted On 07 Oct 2014

IMF stresses the global expansion of the shadow banking

The International Monetary Fund (IMF) yesterday announced the global expansion of the so-called “shadow banking”, mainly in the United States. The Fund noted as causes of the growth of this type of banking “the emergence of more stringent regulations and the...