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  1. 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 ...

  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. 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', ...

  4. How G20 recognised the new economic order

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... have already begun turning to the International Monetary Fund for help. The IMF needs more resources so it can stabilise local and regional economies and prevent their problems becoming ... nations hurt by the global credit crunch. Half of it goes directly to the IMF's resources- a reaffirmation of its role in maintaining global stability. This will enable it to prop up ...

  5. Cash-help proposals merit serious G20 study

    Posted Mar 25th 2009, 12:00am by Staff Reporter

    ... by the IMF and allotted to each member state in proportion to that country's quotas (or voting power) and financial obligations to provide funding to the organisation. The richest economies- ... for a greater say in IMF decisions. The proposal's appeal is that countries like China could convert their excess US dollars into a diversified asset like SDRs, whose value is currently determined ...

  6. Corrections & clarifications

    Posted Feb 03rd 2009, 12:00am by Staff Reporter

    ... this year compared with 2.6 per cent in 2007.' It should have been: 'The IMF expects output in advanced economies to shrink by 2 per cent this year, the first contraction in more than 60 ...

  7. Emerging powers need to prepare for a bigger role

    Posted Feb 15th 2009, 12:00am by Staff Reporter

    ... of protectionism. But one of the more significant topics under discussion was a revised proposal to give developing countries a greater say in the IMF. Under it, a decision-making council would comprise ... to play a greater and more constructive role in multilateral institutions such as the IMF. However, reforms at the fund have been painfully slow. Since it bungled its handling of the Asian ...

  8. World bodies must change to stay relevant

    Posted Oct 19th 2005, 12:00am by Staff Reporter

    ... region generally a bigger role in the decision-making of the IMF and the World Bank. The ministers and bankers who attended the meeting committed their countries to adjusting financial ... the next IMF and World Bank meetings in Singapore next September. This deadline may be optimistic. China and India can only be given more power at the expense of existing members. This has ...

  9. Hu returns home from G20 on a high note

    Posted Apr 04th 2009, 12:00am by Staff Reporter

    ... Analysts differed in their interpretation of the significance of China's US$40 billion IMF commitment. Some worried it was being asked to do more than its fair share, while others said ... with its tactics of pushing reform of IMF voting rights. 'I think China's decision reflects its disapproval to the current voting shares,' Professor Zhou said. 'China appeared ...

  10. Obama can deliver on a fairer financial framework

    Posted Nov 09th 2008, 12:00am by Staff Reporter

    ... regulation and oversight of every significant segment of the market. But they disagree on what role the IMF should play in the new regulatory environment. China and other emerging powers have been urged to contribute some of their massive foreign reserves to bolster the IMF or help with emergency funding for countries in financial trouble. Understandably, in return they want a greater say ...




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