The International Monetary Fund has named Changyong Rhee as its new Asia chief, bringing in an economist who has warned about asset bubbles in the region.
``Brussels and Washington have told Kiev it is unlikely to get International Monetary Fund (IMF) aid after it binned plans to sign an EU treaty.'' -- You're either with the West, or you're bankrupt! Nevermind that if you are the West, you're bankrupt too...
Pessimists have been calling an Australian housing bubble. But there's no cause for alarm, says the International Monetary Fund in a new paper.
As Pakistan attempts to keep the International Monetary Fund happy by slashing subsidies, hiking power tariffs and increasing revenue, inflation has grown sharply, severely impacting ordinary citizens.
WASHINGTON — A leading international group on Tuesday cut its forecast for global economic growth through next year, warning that fiscal and monetary policy decisions looming in the U.S. could derail the recovery.
COLOMBO (Reuters) - The International Monetary Fund expects Sri Lanka's economy to grow at 6.5 percent this year and in 2014, less than the central bank's forecast, a senior Fund official said, and remains concerned about medium-term risks from high bu...
``The opening of an in-depth review into the imbalances in Germany's economy comes after the U.S. Treasury blamed German surpluses for draining European and global growth. The International Monetary Fund also reprimanded Germany for its surpluses, urging German Chancellor Angela Merkel to curtail the trade surplus to an "appropriate rate" to help euro partners cut deficits. ''
``Below is a memo written in 1974 by Sidney Weintraub, Deputy Assistant Secretary of State for International Finance and Development, to Paul Volcker, when he was still just Under Secretary of the Treasury for Monetary Affairs and not yet head of the Federal Reserve.... Show More Summary
The International Monetary Fund urged Thailand to drop its multibillion-dollar rice subsidy program and scale back some other fiscal stimulus measures to reach a balanced budget and make room for spending on projects that enhance growth.
The NYT had an article on a conference at the International Monetary Fund with the headline, "Candid Criticism of the Fed That Wasn't On the Agenda." The piece promises blunt criticism of the Fed from former Treasury Secretary and top Obama adviser Larry Summers: "Now that he is no longer a candidate to head the Federal Reserve, Mr. Show More Summary
The International Monetary Fund held a research conference this week in Washington focused on financial crises past and present. Some of the talk was about financial crises of the future.
European monetary policy/monetary conditions are too tight and, Citi's FX Technical group explains, the EURO is too strong thereby exacerbating the effects of the internal devaluation in Europe (as we noted here). Looser monetary policy and a weaker currency are becoming increasingly necessary conditions for the Eurozone to recover/survive. Show More Summary
The International Monetary Fund says the "reserve army" of peasants looking for work peaked in 2010 near 150m. The surplus will disappear soon after 2020, the "Lewis Point" when labour costs shoot up. A decade after that China will face...Show More Summary
DUBLIN (Reuters) - Three years after going cap in hand to international lenders for a bail out, Ireland is set to step out on its own again. The European Union and International Monetary Fund are due to sign off later on Thursday onShow More Summary
From Jeff Cox at CNBC yesterday: Fed could be about to make a major policy change Separate papers that will be presented formally this week at an International Monetary Fund meeting suggest that the U.S. central bank should lower its...Show More Summary
Ethiopia's economy is expected to grow 7.5 percent over the next two fiscal years from 8.5 percent in 2011/12 and inflation is expected to remain in single digits, the International Monetary Fund said. ||| Addis Ababa - Ethiopia's economy...Show More Summary
Ethiopia's economy has reached a crossroads and, to prevent growth rates from falling, needs to be restructured to encourage more private sector investments, the International Monetary Fund said. ||| Addis Ababa - Ethiopia's economyShow More Summary
The phasing out of the convertible peso (CUC) has received significant attention from the international press, blogs, and economic analysts.
President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank, according to a U.S. official familiar with the matter. A former U.S. intelligence...Show More Summary
It came out this week that the NSA spied on the headquarters of the World Bank, International Monetary Fund, and United Nations. It was also alleged that the NSA spied on the Vatican and the Pope. Congressman Rand Paul asks whether the NSA might be spying on President Obama as well. Show More Summary