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  1. Argentina goes from economic role model to an IMF headache

    Posted Mar 11th 2004, 12:00am by Staff Reporter

    ... (IMF) as fervently as Argentina, which was seen as its poster child in the late 1990s. Now, as the nation slowly recovers from the worst economic crisis in its history, President Nestor Kirchner has made Argentina one of the IMF's biggest headaches. On Tuesday, Argentina narrowly averted defaulting on a US$3.15 billion loan to the lending agency, when IMF interim managing ...

  2. IMF raises forecast for China's GDP growth

    Posted Apr 22nd 2004, 12:00am by Kelvin Chan

    ... in a decade this year, led by the United States, China and other Asian economies, the IMF said yesterday in its biannual world economic forecast. The International Monetary Fund expects ... the factors that will contribute to stronger growth, it says. 'The outlook for the world economy is among the rosiest we have seen for a decade,' said Raghuram Rajan, the IMF's economic ...

  3. IMF poised to raise its growth forecast for HK

    Posted Feb 26th 2004, 12:00am by Staff Reporter

    ... its annual growth forecast for Hong Kong, according to the organisation's resident representative in the city. Paul Gruenwald, presenting the findings of an IMF assessment ... standing at 4.5 to 5 per cent, was expected to be unveiled in April, said Dr Gruenwald. The IMF also predicted an early end to the long-running deflation on the back of a recovering property market ...

  4. World not at risk from a hard landing, says IMF official

    Posted May 26th 2004, 12:00am by Joseph Lo

    ... and director of the IMF's research department Raghuram Rajan told economists in Hong Kong he stuck by the fund's earlier forecast that the global economy would grow 4.5 per cent this year, despite worries a significant slowdown in the mainland economy would drag the rest of the world with it. He also restated the IMF's expectation that the Hong Kong economy would grow 5.5 per ...

  5. HK economy likely to grow 7.5pc this year: IMF

    Posted Nov 16th 2004, 12:00am by Paggie Leung

    ... PAGGIE LEUNG Updated at 4.18pm: The International Monetary Fund (IMF) expects Hong Kong's economy to grow by 7.5 per cent this year amid strong consumer demand and rising exports, a government spokesman said on Tuesday. An IMF Staff Mission assessed the economy after visiting the territory two weeks ago. The mission estimated that Hong Kong's growth would fall to four per ...

  6. No signs yet of soft landing, says IMF

    Posted Oct 07th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong The mainland should take further steps to tighten money supply, says official A senior IMF official yesterday said it was too early to determine whether the central ... to show results. On Monday, People's Bank of China governor Zhou Xiaochuan told IMF delegates in Washington that Beijing's efforts to curb excessive credit growth were 'bearing ...

  7. Economic growth seen slowing to 4pc next year

    Posted Nov 17th 2004, 12:00am by Staff Reporter

    ... But the IMF remains concerned with the structural deficit and narrow tax base, and reiterated its call for a goods and services tax to broaden the tax base. The economic outlook follows ... 4 per cent next year. Despite anticipated slower growth, the IMF expects the government to attain a balanced budget earlier than its target date of 2008-09 but said the operating account would ...

  8. Threat from oil prices must be taken seriously

    Posted Oct 04th 2004, 12:00am by Staff Reporter

    ... for gross domestic product growth this year to 7 per cent. The same optimistic view is being applied to the global economy by the IMF. It expects 5 per cent growth worldwide this year, the fastest ... by IMF and G7 leaders will not have any immediate effect. The political conflicts that have added to price volatility and supply fears remain, while new capacity, conservation and market ...

  9. Please don't make us laugh

    Posted Oct 07th 2004, 12:00am by Tony Latter

    ... release, data quality, and its public accessibility. But the IMF does more than merely set dissemination standards. It also lays down detailed guidelines for statistical compilation, including ... consolidated balance sheet, has deliberately omitted the bonds from its liabilities. This defies not just IMF guidance, but also professional practice and common sense in accounting. Meanwhile, ...

  10. South Koreans in debt at 16pc record high

    Posted Feb 28th 2004, 12:00am by Staff Reporter

    ... last month after a US$4.5 billion rescue plan by creditors, including the state-run Korea Development Bank. The managing director of the International Monetary Fund (IMF), Horst Koehler, has ... Burton, the director of the Asia and Pacific department of the IMF. 'There needs to be an improvement in the credit culture in South Korea with improved credit information [about borrowers] ...




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