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  1. Is Beijing willing to bankroll the IMF?

    Posted Nov 15th 2008, 12:00am by Michael Richardson

    ... the IMF has re-emerged as an important stabiliser of the financial system. In the Asian crisis of 1997-98, the IMF lent US$35 billion to Thailand, Indonesia and South Korea to help them shore up ... This time round, the IMF is taking a more nuanced approach. It recently set aside US$100 billion for short-term loans to emerging economies dragged into the contagion through no fault of their own. ...

  2. IMF should show greater flexibility

    Posted Oct 24th 2008, 12:00am by Staff Reporter

    ... talks with the IMF on financing under a loan programme. The decision was revealed as the fund announced Pakistan had requested assistance to pull it out of a balance of payments crisis. ... austere conditions it attaches to loans, but with no one else willing to come to the rescue, they have little choice. The IMF generally applies a one-size-fits-all model on countries it loans ...

  3. Beijing wants more power for cash aid to IMF

    Posted Nov 18th 2008, 12:00am by Staff Reporter

    ... on the IMF recapitalisation yesterday. 'Nobody is going to play with you if you want China to spend money amid the deepening financial crisis while still giving us little voting power,' Mr ... to contribute more cash to the IMF last month. Mr Jin was a vice-finance minister before he took office at ADB in 2003. Beijing suggested last week it was ready to help the ailing IMF to prevent it from ...

  4. Ease tax burden on households and businesses, IMF advises

    Posted Nov 12th 2008, 12:00am by Dennis Eng

    ... for the year as a whole,' IMF staff concluded. The government has already waived various rates and fees and increased spending on low-income groups. 'Our sense is the one-off measures ... the appropriate tax structure, and the likely fiscal outlays over the medium term,' the IMF said. 'Such a medium-term perspective would, we believe, lead to the conclusion that the stimulus ...

  5. IMF official sees mainland as oasis of stability in global turmoil

    Posted Nov 04th 2008, 12:00am by Denise Tsang

    ... of the IMF's Asia-Pacific department, said that despite China's own economic slowdown, the country had many ways to shore up its economic growth. Mr Burton said China's export-driven economy had been dragged down by dwindling demand from the United States and Europe, and it could even miss the IMF's forecast of 9.3 per cent growth next year. But the country was still sitting ...

  6. IMF sees HK's growth easing by more than 1pc

    Posted Feb 06th 2008, 12:00am by Dennis Eng

    ... below the fund's 2.2 per cent forecast. The administration welcomed the report's findings. Fund officials visited Hong Kong between October 29 and November 7 for discussions. The IMF ... supports the introduction of a goods and services tax to stabilise tax revenue even though it recommends exploring other options such as broadening the tax base. On wage protection, the IMF ...

  7. Strauss-Kahn's roving eye may prove his undoing

    Posted Oct 29th 2008, 12:00am by Kevin Rafferty

    ... that Washington has not seen for years. But now it seems that the other kind of twinkle in his eye- of the roving kind- may prove his and the IMF's undoing. It is the best of times and the worst of times for DSK (as Mr Strauss-Kahn is universally known) and for the fund. After years of inaction in which no one wanted its money and the IMF was laying off staff because it could not get ...

  8. Relax, no one is dumping the US$

    Posted Jan 02nd 2008, 12:00am by Tom Holland

    ... report on central bank reserves from the International Monetary Fund. In it, the IMF said that the weight of US dollars in the world's official foreign exchange reserves dropped to a shade ... their figures to the IMF actually rose in the third quarter by a hefty US$65 billion. It is true that the proportion of euros in central bank reserves rose. But that is largely because the IMF reports ...

  9. America's protectionist drift

    Posted Apr 05th 2008, 12:00am by James Dorn

    ... Monetary Fund unless Beijing stops intervening in the foreign exchange market. The letter was signed by 15 of the 24 Democratic members of the Ways and Means Committee. House Democrats see the IMF ... exchange reserves and capital controls imply a 'fundamentally misaligned' exchange rate, which would compel Beijing to consult the IMF. Mr Rangel wants concrete action to penalise China ...

  10. Wise men choose to sell down gold

    Posted Apr 09th 2008, 12:00am by Tom Holland

    ... of a speculative boom (see chart), but that is no good to the IMF. Its 400 spare tonnes is merely gathering dust at vast expense in its vaults, while the fund expects to suffer an income shortfall of US$200 million this year. On the other hand, the IMF's eminent advisers calculate that by selling the gold and investing the proceeds in high-grade income-generating assets the fund could ...




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