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  1. IMF predicts up to 5pc growth

    Posted Dec 24th 2003, 12:00am by Staff Reporter

    ... Staff Reporter Tourism and Cepa boost forecast for HK The International Monetary Fund (IMF) said yesterday it expected Hong Kong's economy to grow between 4.5 per cent and 5 per cent next year, following a revised estimate of 3 per cent growth for this year. The IMF said its forecast for strong growth in Hong Kong's gross domestic product (GDP) was backed by a surge ...

  2. IMF eases stance on currency peg in HK

    Posted Jul 25th 2003, 12:00am by Staff Reporter

    ... supporter of the fixed exchange rate system, to conclude that a new approach to currency management is warranted. The IMF's view of the peg has changed due to the 'cyclical and structural challenges facing Hong Kong', according to a source familiar with the IMF's position. A more flexible exchange rate policy could improve Hong Kong's 'structural adjustment', ...

  3. IMF may raise growth estimate on good factors

    Posted Oct 23rd 2003, 12:00am by Joseph Lo

    ... Joseph Lo The IMF may raise its forecast for Hong Kong's economic growth, citing the positive impact of expanded mainland tourism, closer cross-border ties and prospects of the global ... it last forecast at 1.5 per cent for this year and 2.8 per cent for next year. 'An IMF mission is coming later in the year... it will sit down and work it out then,' he said. ...

  4. Banking on success

    Posted Sep 16th 2003, 12:00am by Anthony Woo

    ... World Bank and IMF delegates landing in Dubai later this month will arrive to a world-class welcome In a major boost to Dubai's global image, the emirate has been chosen to host ... World Bank president James Wolfensohn, IMF managing director Horst Kohler and Gordon Brown, Chancellor of the Exchequer. The event - billed Dubai 2003 - will be held at the new Dubai ...

  5. Lai See

    Posted Sep 08th 2003, 12:00am by Staff Reporter

    ... received a boilerplate IMF press release - peppered with gems like 'Trade can be a powerful tool for development' - along with a note that 'The IMF would encourage your paper either ...

  6. Ray of economic sunshine glimpsed through gloom

    Posted Aug 01st 2003, 12:00am by Richard Warren

    ... these problems. The IMF supports the Swiss government's flexible monetary policies, introduced to combat falling demand worldwide for goods and services. 'A clear focus on medium-term price ... franc; short-term interest rates have appropriately been reduced to almost zero,' states an IMF report published earlier this year. Swiss inflation was cut to 0.6 per cent last year ...

  7. Banking on the Xinjiang model

    Posted Nov 24th 2003, 12:00am by Laurence Brahm

    ... economics', representing formulas for cyclical poverty, not development. Following the collapse of the Soviet Union, the six central Asian republics followed the IMF policies of overnight ... dropped from 68 in 1990 (in Xinjiang it is now 67) to 61 last year- the same as in Bangladesh. Kazakhstan has already demanded that the IMF get out of the country, and has embarked on economic ...


    Posted Jul 02nd 2003, 12:00am by Staff Reporter

    ... Impossible 2 Cinemax, 7pm In John Woo's violent, but romantic, sequel Tom Cruise (above) returns as Ethan Hunt, this time matching wits with rogue IMF agent Sean Ambrose (Dougray Scott). Hunt ...

  9. Expert calls for strengthened Sino-Indian trade ties

    Posted Nov 18th 2003, 12:00am by Maseeh Rahman

    ... experiences with economic reform were the underlying themes of the conference, co-sponsored by India's National Council of Applied Economic Research. Wanda Tseng, IMF Asia and Pacific deputy ...

  10. Indians looking to learn from China

    Posted Nov 16th 2003, 12:00am by Maseeh Rahman

    ... Maseeh Rahman in New Delhi India and China represent two of Asia's giants, but India lags behind its neighbour in terms of economic growth. Economists are spending the weekend trying to work out why, and what each can teach the other, at an IMF forum in New Delhi. Lord Meghnad Desai of the London School of Economics, who opened the conference yesterday, predicted that India ...




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