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Results: 1-10 of 121

European Investment Bank increases its support for SME projects in Romania by EUR 140 million

  • Alston & Bird LLP
  • -
  • European Union, Romania
  • -
  • September 1 2009

Today, the European Investment Bank (EIB) announced its approval of two intermediate loans to the government of Romania, to support the projects of small and medium-sized enterprises (SMEs

IMF approves $17.1 billion stand-by arrangement for Romania

  • Alston & Bird LLP
  • -
  • Global, Romania
  • -
  • May 5 2009

Yesterday, the IMF approved a $17.1 billion, 24-month SDR Stand-By-Arrangement for Romania, of which approximately $6.6 billion will be made available immediately and the remainder made available “in installments subject to quarterly reviews.”

IMF projects European economic downturn may end by late 2010

  • Alston & Bird LLP
  • -
  • Global
  • -
  • May 13 2009

Yesterday, the IMF released its Spring European Regional Outlook, which projects that the current economic downturn in Europe could end during the second half of 2010, but will be followed by a slow recovery

Serbia to receive up to 1.4 billion of assistance from European Investment Bank

  • Alston & Bird LLP
  • -
  • European Union, Serbia
  • -
  • May 12 2009

Yesterday, the European Investment Bank (EIB) announced launch of a new program in Serbia "aimed at combating the financial crisis and bringing the country closer to the European Union."

European Commission and IMF jointly recognize the renewed commitments of Romania’s largest foreign financial institutions

  • Alston & Bird LLP
  • -
  • European Union, Romania
  • -
  • May 20 2009

Yesterday, the European Commission and the IMF, in the European Banking Group Coordination Meeting held in Brussels, jointly welcomed the renewed commitments of the parent banks of nine of Romania’s largest foreign financial institutions "to take action needed to support their subsidiaries in the country."

European Commission releases updated overview of state aid national measures

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 21 2009

Yesterday, the European Commission (EC) published an update to its overview of national rescue measures adopted in response to the financial and economic crisis

IMF releases self-assessment study of recent crisis programs in emerging market countries

  • Alston & Bird LLP
  • -
  • Global
  • -
  • September 28 2009

Yesterday, the IMF released an internal study reviewing "the emerging market programs put in place in response to the current financial crisis" in 15 emerging market countries

G-20 summit ends with new commitments to international economic cooperation

  • Alston & Bird LLP
  • -
  • Global
  • -
  • September 27 2009

On Friday, at the conclusion of the two-day summit in Pittsburgh, the leaders of the Group of Twenty (G-20) issued a communiqué reviewing the actions and progress that has been made by its member countries since the London Summit in April and outlining important new commitments

ECB President and Eurogroup Chair warn the European Union not to begin exiting financial support measures

  • Alston & Bird LLP
  • -
  • European Union
  • -
  • September 30 2009

This week President Jean-Claude Trichet, President of the European Central Bank, and Mr. Jean-Claude Juncker, Chairman of the Eurogroup (which comprises of the 16 European Union countries that have joined the euro) cautioned members of the European Parliament in separate statements not to begin implementing measures to exit the crisis

GMAC to receive $7.5 billion treasury investment, access to FDIC's Temporary Liquidity Guarantee Program and relief from certain Federal Reserve restrictions

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 22 2009

Yesterday, GMAC LLC (GMAC) announced "a $7.5 billion capital investment from the U.S. Department of the Treasury, approval by the Federal Deposit Insurance Corporation (FDIC) to participate in the Temporary Liquidity Guarantee Program (TLGP), and an expanded exemption granted by the Federal Reserve to originate GM-related assets at GMAC's bank, recently renamed Ally Bank

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