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Alexandria Ocasio-Cortez’s favorite economic theory derided by IMF chief Christine Lagarde as no ‘panacea’

Christine Lagarde has poured cold water on the viability of an esoteric economic theory popularized by US Representative Alexandria Ocasio-Cortez.

The IMF just became the latest to warn about the $1.3 trillion ‘leveraged loan’ market

The buildup of risky debt in credit markets has caught the attention of major financial institutions. Now the IMF has added to the clamor.

Britain could be forced to increase government spending in a no-deal Brexit, IMF says

In a report released ahead of the IMF's annual conference, this year held on the Indonesian island of Bali, the fund said that "the pace of fiscal consolidation can be eased if risks materialise and growth slows sharply."
People walk past the United Nations headquarters on September 26, 2018 in New York City. World leaders gathered for the 73rd annual meeting at the UN headquarters in Manhattan.

The Trump administration is denying diplomatic visas to the same-sex partners of UN, World Bank, and IMF officials unless they get married — eve...

The State Department has quietly implemented a new rule barring same-sex partners of international organization workers to enter the country on certain diplomatic visas, unless the couple gets legally married. G-4 visas are used by foreign nationals who work at major international organizations.

Here’s why the IMF’s Argentina bailout is making people nervous

The International Monetary Fund this week announced plans to expand Argentina's bailout package reached in June, which was already the largest in its history. But some economists are skeptical it will be able to stem a crisis that has roiled Latin America's third-largest economy.
Turkish Prime Minister Tayyip Erdogan (left) and central bank governor Durmus Yilmaz show Turkish banknotes during a news conference in October, 2008.

Turkey could need a bailout that dwarfs the record-setting $50 billion loan that Argentina just got

Turkey may need more than just rate hikes to shore up capital. Specifically, it needs about $75 billion, according to Macquarie strategists Thierry Wizman and Gareth Berry, or about 1.5 times what the International Monetary Fund agreed to loan Argentina in the largest bailout deal in its history.

Argentina’s currency tumbles more than 5% after the head of its central bank unexpectedly quits

The head of Argentina's central bank unexpectedly resigned Tuesday after three months on the job, delivering a blow to the worst-performing currency of 2018.
Argentina's President Macri arrives for a news conference in Buenos Aires

Argentina’s economy craters in the 2nd quarter as an economic crisis grips the country

Argentina's economy contracted sharply in the second quarter after a severe drought roiled agricultural production and as the country works with the International Monetary Fund to stem a spiraling economic crisis.

Argentina launched a sweeping new austerity program to try to solve its economic crisis — but investors aren’t buying it

New measures will include an increase in export tariffs for grains such as soybeans, and a halving of the number of government agencies.
Pedestrians walk past an electronic board showing currency exchange rates in Buenos Aires' financial district, Argentina, June 29, 2018. REUTERS/Agustin Marcarian

Argentina’s currency plunges after its central bank hikes rates to 60%

Argentina's central bank hiked rates by 15 percentage points to 60% on Thursday after the peso continued to slide despite the country already having the highest borrowing rates in the world.