OREANDA-NEWS. June 21, 2011. BM&FBOVESPA hosted a press conference on June 17 to announce the main International Monetary Fund (IMF) documents that analyze global trends and assess the financial sector and fiscal policy at a global level: the World Economic Outlook Report, the Global Financial Stability Report and the Fiscal Monitor.

This is the first time that these documents have been disclosed from Brazil. The event was co-organized by BM&FBOVESPA before 50 journalists and teams and was transmitted live on global TV via satellite and on Internet by video streaming. There were another 60 journalists covering the event from elsewhere in the world, alongside market figures such as analysts, academics and executives. The Exchange provided all of the infrastructure. There were also live interviews held for CNBC, BBC, CNN and other channels.

Among the highlights in the IMF reports was a slight reduction to this year’s growth forecast for the world economy, to 4.3% from 4.4%. This reduction resulted from expectations of lower growth in the developed economies, to 2.2% from the 2.4% forecast in April. In the other direction, the emerging and developing economies are now expected to grow a little more, at 6.6% from 6.5% in the previous forecast.

Taking part were the three main economists at the IMF:  Olivier Blanchard (Chief-Economist and Director of the IMF Research Department), Jose Vinals (Director of the Monetary and Capital Markets Department), Carlo Cottarelli (Director of the Fiscal Affairs Department), and their immediate assistants Rupa Duttagupta (Deputy Chief of the World Economic Studies Division), Chris Walker (Deputy Division Chief of the Monetary and Capital Markets Department) and Philip Gerson (Senior Advisor of the Fiscal Affairs Department).