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  • September 3, 2014
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  1. News - World - FRANCE

    IMF chief Christine Lagarde placed under investigation in French fraud case

    Posted Aug 27th 2014, 06:23pm by Reuters

    ... Reuters in Paris Lagarde under formal investigation for negligence; IMF chief says she will appeal Lagarde charged over French graft case IMF chief Christine Lagarde has been put under ... for a fourth time under her existing status as a witness in the long-running saga, said she would contest the decision. Watch: IMF chief under investigation for negligence in graft case “I have asked ...

  2. Comment - Insight & Opinion

    BRICS development bank should challenge the Washington Consensus

    Posted Aug 25th 2014, 01:05pm by ANDY XIE

    ... to be effective. The World Bank and the IMF are UN-affiliated organisations, and virtually all UN members are shareholders. The BRICS bank and fund have five members and can't establish regular, ... on to bail out developed economies, rather than the other way around. Indeed, the IMF has been bailing out European economies partly with funds from emerging economies. The World Bank has been ...

  3. Business - Economy - ECONOMY

    Changing tides could shift focus from China to Africa

    Posted Aug 25th 2014, 03:33am by JUNE SUN

    ... by 2030. Meanwhile, an IMF working paper said changes in the demographics of Sub-Saharan Africa- tipped to account for 80 per cent of global population growth this century- could boost per capita ... of Africa research, Razia Khan, said. The IMF paper said the changes in Africa represented "a window of opportunity, which if properly tapped, can be transformational". China's ...

  4. Business - Commodities - MINING

    New Afghan mining law lacks transparency, say experts

    Posted Aug 23rd 2014, 01:06am by LYNNE O'DONNELL

    ... organisations are reducing their exposure. The impact of this scaling down is already clear: economic growth of close to 14 per cent in 2012 fell, according to the World Bank and IMF, to 3.6 per cent ...

  5. Comment - Insight & Opinion - THE VIEW

    Can party wean itself off growth at all costs?

    Posted Aug 18th 2014, 09:24am by Cathy Holcombe

    ... the IMF proposed a simple solution: that Chinese leaders simply lower next year's growth target to something in the 6.5 per cent to 7 per cent range. That would be better, the International Monetary Fund said, than relying on more and increasingly dangerous stimulus to meet the current growth target. If Li followed the IMF's advice, he could return to the agenda of a tighter, ...

  6. Comment - Insight & Opinion

    Apec must prioritise poverty alleviation for its 'forgotten billion'

    Posted Aug 18th 2014, 04:30am by GLOBAL POVERTY PROJECT

    ... the IMF and the World Bank moved too slowly in addressing the needs of developing countries. International gatherings, including Apec and the G20, run the risk of falling prey to the same ...

  7. News - China Insider - WORLD ECONOMY

    Q&A: 'Asia’s best-kept secret' are China's improving ties with India, says Gupta

    Posted Aug 11th 2014, 11:07am by Wang Feng

    ... I see the NDB and the CRA as mini versions of the World Bank and the IMF respectively. The subscribed capital base of the NDB will be US$50 billion as compared with US$223 billion for the World Bank. Similarly, the capital base of the CRA will be US$100 billion as compared with the nearly US$800 billion for the IMF. Obviously, the World Bank and IMF are established institutions ...

  8. Comment - Letters

    Letters to the Editor, August 4, 2014

    Posted Aug 04th 2014, 02:46am by LETTERS

    ... or overrule decisions it has made "without specifying the conditions in which such action may be taken" (" IMF queries key point of HKMA independence ", July 18). I can understand ... clarified to ensure the independence of the HKMA. Your article also referred to another IMF report on Hong Kong's banks facing greater exposure to mainland borrowers. If there was a sharp ...

  9. Business - Economy - ECONOMY

    Beijing's economic growth targets are too high, IMF says

    Posted Jul 31st 2014, 11:26am by Victoria Ruan

    ... IMF says The International Monetary Fund has urged Beijing to lower its growth target next year but forecasts China is likely to meet its annual target of "around 7.5 per cent" this year. The IMF, as well as Fitch Ratings, yesterday warned China about the risks of relying on credit and investment expansion to defend a targeted growth rate at the cost of creating prolonged ...

  10. Comment - Insight & Opinion

    BRICS can be alternative lender

    Posted Jul 30th 2014, 05:10am by SCMP Editorial

    ... to emerging markets and a counterweight to US dominance of the IMF and World Bank. A summit of BRICS leaders in Fortaleza, Brazil, agreed on Shanghai as the new bank's headquarters, which ...




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