Press Release: Statement at the Conclusion of an IMF Staff Visit to the Democratic Republic of the Congo Nov 12, 2009
The mission also participated in outreach activities with the Economic and Financial Committees (ECOFIN) of the National Assembly and the Senate on the 2010 budget ... The mission s discussions with the two ECOFINs took place in the context of a technical workshop, focusing on changes in key macroeconomic assumptions and their likely impact on revenues, expenditure, and financing of the 2010 budget. (IMF News)
* World Business Quick Take Oct 16, 2009
Siemens said it was buying Israel-based Solel for US$418 million from current majority owners, British-based investment firm Ecofin and another unnamed shareholder. Solel is one of the worlds top two suppliers of solar receivers and also plans and constructs vast solar fields, posting sales of close to US$90 million in the first half of this year, Siemens said in a statement. (Taipei Times, Taiwan -- World)
EU banks 'sufficiently capitalised': presidency Oct 2, 2009
Swedish Minister of Finance Anders Borg (L) and European economic and monetary affairs commissioner Joaquin Almunia (R) give a joint press conference at the begining of the working session of the informal ECOFIN meeting at the Eriksberghallen in Gothenburg. Stress tests on 22 banks in the crisis-hit EU have shown the lenders are "sufficiently capitalised," the bloc's Swedish presidency said. (Yahoo! Asia News)
British Banks Rein in Bonuses Oct 2, 2009
Mr Darling will write to his fellow EU finance ministers ahead of this week's informal meeting of the EU's Economic and Financial Affairs Council (Ecofin), urging them to implement the agreed reforms as well. The French government is expected to make a similar announcement this morning. (BusinessWeek)
Transcript of the Global Financial Stability Report Press Conference with Jose Viñals, Financial Counsellor and Director of the Monetary and Capital Markets Department Oct 2, 2009
I think that when the time comes it would be up to the ECOFIN Council to decide what sort of information is disclosed on the stress tests. But let me tell you one thing. (IMF News)
ECB chief warns strong dollar needed for stable growth Oct 2, 2009
President of the European Central Bank Jean-Claude Trichet arrives for a Eurogroup meeting on the sidelines of the informal ECOFIN meeting at the Eriksberghallen in Gothenburg. Trichet on Thursday warned that large currency fluctuations could derail economic revival, the latest in a series of remarks urging the return of a strong dollar. (Yahoo! Asia News)
Adani Power IPO Oversubscribed on Bids from Credit Suisse, T. Rowe, CLSA Jul 28, 2009
The six are T. Rowe Price, CLSA (Mauritius) Ltd., Credit Suisse (Singapore) Ltd., Ecofin Ltd., AIC Advantage Fund and Sundaram BNP Paribas Mutual Fund, Adani Power said in a July 27 statement on the National Stock Exchange Web site. Demand has been fairly strong. (Bloomberg -- Asia)
401(k) gap: Why saving is a struggle for many minorities Jul 7, 2009
"In the U.S., there is a 401(k) culture where most people simply know that it is something you have," Mike Periu, principal of EcoFin Media, which develops financial literacy content in Spanish and English, said in an e-mail. "This is not the case for many Hispanics. The benefits of a 401(k), or even how to participate, is something new that must be taught.". (USA Today -- Money)
Gamesa, Vestas bid to buy Suzlon stake Jun 26, 2009
In January, Suzlon had sold 10% of its Hansen stake to investment firm Ecofin for Rs 600 crore. Suzlon holds its stake in Hansen through a subsidiary called AE-Rotor Holding. (India Times)
Concluding Statement of the IMF Mission on Euro-Area Policies Jun 16, 2009
In the process, the previously agreed ECOFIN crisis management principles need to be adhered to and full home-host coordination ensured, including with respect to emerging economies in the region. While national supervisors have to be in the driving seat, EU institutions should step up to harmonize the parameters of this exercise in particular the macroeconomic environment, the definition of capital, and the valuation methodologies to avoid cross-border distortions; ensure its completion in a... (IMF News)
After the Storm: The Future Face of Europe’s Financial System,Statement by Marek Belka,Director,European Department,IMF Mar 25, 2009
In October 2007, the ECOFIN adopted a set of crisis management principles. These principles are, in many ways, an important part of the solution. (IMF News)
