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  1. IMF not a plaything for retired politicians

    Posted Jul 17th 2007, 12:00am by Kevin Rafferty

    ... the head of the IMF, just as the United States' president nominates the head of the World Bank. US President George W. Bush was allowed only weeks ago to choose Robert Zoellick to take charge of the World Bank, so Mr Strauss-Kahn's appointment should be a matter of form, with IMF shareholders only stopping to congratulate Mr Sarkozy on a job well done. At a stroke, Mr Sarkozy showed he ...

  2. IMF policy change proposal won't sit well with our bureaucrats

    Posted Jan 22nd 2007, 12:00am by Jake Van Der Kamp

    ... Monetary Fund January 2007 OUR GOVERNMENT MAY NOT find it difficult to ignore this IMF report on Hong Kong. It is a technical follow-up study on an earlier report issued last year and is simply ... views to our financial secretary. Count on it that he will be grateful to the IMF for making it easy to ignore them. Let us establish the picture here. Fiscal reserves are government savings, ...

  3. Stand and deliver

    Posted Jul 17th 2007, 12:00am by Laurence Brahm

    ... economic growth machinery. In turn, China finally stood up to the IMF- an event long awaited by the developing world- but maybe a bit too late. This is probably the biggest decision affecting the world monetary system since 1974, when the IMF dropped the Breton Woods system which pegged the US dollar to the gold standard with the world's currencies trading in a limited band around ...

  4. Asia fails to heed key lesson of crisis

    Posted Jul 03rd 2007, 12:00am by Tom Holland

    ... has been no breakthrough reform of global financial institutions,' she said, arguing that to respond effectively to future crises, the IMF and its peers need to become much more ... Organisation,' he insisted. Ten years ago, with the IMF roundly condemned for the harshness of its prescribed medicine and its insensitivity to Asia's special circumstances, regional governments ...

  5. Room at the top

    Posted Oct 27th 2007, 12:00am by Kevin Rafferty

    ... With their booming economies, China and India should be better represented at the IMF and G7, writes Kevin Rafferty They trooped out for their five-minute photo-op, grey men and one woman ... The combined EU has almost 30 per cent of IMF votes, plus the managing directorship and the chair of the powerful International Monetary and Financial Committee. In actual votes, the US has the biggest ...

  6. Beijing urged to lead global monetary reform

    Posted Nov 07th 2007, 12:00am by Tom Miller

    ... Fund, a Nobel Prize winning economist said yesterday. The IMF's attempts to cajole the mainland into a large appreciation of the yuan would devastate the country and derail economic growth, ... be a good idea if a meeting was held in China in 2010 [to thrash out a replacement for the IMF], and a good idea it was held in Shanghai during the international exposition,' Professor Mundell ...

  7. Fiscal savings rule a captive of the Basic Law, or is it?

    Posted May 01st 2007, 12:00am by Jake Van Der Kamp

    ... to 59 per cent of GDP, well above the 50 per cent that the IMF cited as the top end of the range for prudence and caution. Meanwhile, we have adopted the IMF's advice for more conservative treatment of investment income by introducing a smoothing mechanism, as the IMF suggested. This means that we now maintain fiscal savings at a level almost double what the IMF thinks we need ...

  8. Mainland may not be haven investors hope

    Posted Sep 11th 2007, 12:00am by Tom Holland

    ... would hardly be affected by an external slowdown. But the IMF paper points out that this picture of mainland trade no longer holds true. In recent years, the mainland has invested heavily in its ... of all this investment is that as mainland exports have become more sophisticated, the close correlation between exports and imports has broken down. According to the IMF paper, that means ...

  9. Huge surplus shows reality overtaxes financial secretary's ability

    Posted Mar 01st 2007, 12:00am by Jake Van Der Kamp

    ... in fact quote IMF findings that Hong should have fiscal reserves equivalent to 30 per cent to 50 per cent of gross domestic product for these reasons. There are two things he did not mention, however. The first is that our fiscal reserves are already well above this level. The second is that the IMF also said our needed fiscal reserves could be reduced by up to another 20 per cent ...

  10. Investors bank on change of fortune

    Posted Nov 27th 2007, 12:00am by Louis Beckerling

    ... rates this year and fairly high capacity utilisation.' The ADB endorsement is partly echoed by the International Monetary Fund (IMF) which notes that Thailand is the exception to continued ... the cloud lifts after the election, Thailand, the laggard, may be in for an investment boost, it adds. In its Regional Economic Outlook, published in October, the IMF says its baseline scenario ...




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