President Barack Obama has selected Caroline Atkinson, a former spokeswoman at the International Monetary Fund, to serve as a top economic and national security adviser and be his representative at global economic summits, according to an administration official.
The International Monetary Fund welcomed the results of a Spanish bond auction and said decisions by Spain and Germany to publish results of stress tests on banks will boost financial market confidence.
The International Monetary Fund will conduct its first review of Ireland’s aid program in February and will then consider the impact of any changes in government, IMF spokeswoman Caroline Atkinson said today.
Egypt has requested financial assistance from the International Monetary Fund, an IMF spokeswoman said, as the country turns to bilateral and multilateral donors to meet up to $12 billion in financing needs through June 2012.
The Federal Reserve’s plan to buy an additional $600 billion of Treasuries through June is expected to help the economy, though its positive impact may be “modest,” a spokeswoman for the International Monetary Fund said.