International Monetary Fund
Argentina's President Mauricio Macri said on Aug. 29 that the International Monetary Fund has agreed to accelerate funding in support of his government's austerity program, but the move did little to calm the market as the country's currency came under renewed pressure.
"It is a national and pressing necessity for us to formally ask our partners for the activation of the support mechanism, which we jointly created in the European Union." Greeks are unlikely to forget the scene of George Papandreou standing in the springtime sun against the backdrop of Kastelorizo island's picturesque harbor announcing the country's recourse to its new creditors: the member-sta
Bob Traa, the first International Monetary Fund representative in Greece after the country signed its first bailout program, has blamed the Greek political system for failing both to introduce the necessary reforms in the early stages of the program and to forge a degree of political consensus to deal with serious matters.
Turkey has not asked for any financial aid from the International Monetary Fund (IMF), the fund said in a statement.