China is taking the right direction to deal with the financial crisis and to retool its economic growth by putting the emphasis on domestic consumption, the International Monetary Fund’s managing director Dominique Strauss-Kahn said Friday.
He said China’s implementation of the massive fiscal stimulus and the adjustment of its economy towards a domestic consumption-driven model is [...]
The International Monetary Fund (IMF) on Tuesday released its latest growth forecasts for Hong Kong economy, projecting a contraction of 2 percent in 2009, followed by a growth of 5 percent in 2010.
The assessment released Tuesday was made by an IMF mission to Hong Kong following consultation discussions with local officials and businessmen, the Information [...]
China will be expecting more input during the restructuring of the international financial system after agreeing on Wednesday to buy the first $50 billion of the International Monetary Fund (IMF)’s new bonds.
The purchase, made three weeks before the Group of 20 Summit that will be held in Pittsburgh, is being seen as an example to [...]
Top finance officials from rich and developing countries have agreed to curb hefty bankers’ bonuses, but the proposed crackdown on excessive payouts so far falls short of European demands after the United States and Britain shied away from imposing a cap.
The Group of 20 finance ministers also pledged on Saturday to maintain stimulus measures such [...]
Hit by falling demand for its exports, tighter financing conditions, capital outflows and depressed equity markets, Asia is facing “sharply slowing growth and increased vulnerabilities.” according to the International Monetary Fund’s November 2008 regional economic outlook. The fund cut its 2009 Asian growth forecast from 5.6 percent to 4.9 percent. Its full year projection for [...]
Europeans are ready to lower their representation at international financial institutions to make more room for China and other emerging economies, European Commission President Jose Manuel Barroso said.
In an interview with the International Herald Tribune ahead of the G20 leaders’ summit in Washington, Barroso said European leaders accepted that they were overrepresented at institutions like [...]
