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  1. IMF director backs rate reforms to ensure asset quality at China's banks

    Posted Dec 12th 2011, 12:00am

    ... of the IMF's Monetary and Capital Markets Department. 'This is something which should go hand in hand with the deepening of capital markets reform.' In a recent review of China's financial system, the IMF said the country's reforms were progressing well, but the financial sector was still confronting 'near-term risks, structural challenges, and policy-induced ...

  2. Familiar pair of hands at the IMF helm, while Asia continues to await its turn

    Posted Jul 09th 2011, 12:00am

    ... that the IMF managing director post is held by a European, while the World Bank president's position is held by an American. One cannot say that this arrangement did not throw up some great ... IMF managing directors have been politicians rather than technocrats. The fact that politicians tend to have their eyes on their next political post is somewhat distracting for someone who has ...

  3. Promises on IMF chief must be kept

    Posted May 25th 2011, 12:00am

    ... Chancellor Dr Angela Merkel plainly has other thoughts. While agreeing that candidates from nations like China and India could be allowed to head the IMF 'in the mid-term', she has ... Strauss-Khan's career is over, but there is no disputing his worth to the IMF. His technical and political skills gave it new relevance. Its next leader should be as skilled, not chosen by outdated ...

  4. Worst of corporate pain still to come for Asia, IMF warns

    Posted May 08th 2009, 12:00am by Tom Holland

    ... likely default rates, the IMF conducted a 'contingent claims analysis' for corporate Asia, essentially a stress test that forecasts how balance sheets behave with changing economic ... That's considerably milder than in 1998, when the equivalent risk figure hit 19 per cent. Even so, the costs are likely to be heavy. The IMF projected corporate default risks forward under its ...

  5. 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', ...

  6. Economic outlook bright for city, says IMF

    Posted Feb 15th 2006, 12:00am by Dennis Eng

    ... and long-term unemployment remained key challenges. The comments, in the IMF's sixth staff report on Hong Kong, come a week before Financial Secretary Henry Tang Ying-yen is due to deliver his ... and stable policy framework, will continue to maintain its competitiveness and resilience.' The IMF is projecting real economic growth of 7 per cent for last year, in line with official ...

  7. A new financial mess is the last thing we need

    Posted May 01st 2010, 12:00am by Staff Reporter

    ... down the numbers to avoid provoking the fury of their citizens at having to foot the bill. The IMF was much discredited after the East Asian crisis; its reputation has been restored ... own backyard. But in the end, they have had to call on the IMF to chip in. And, as a result, the Greek crisis was allowed to worsen, thereby bringing up the costs of the bailout. What ...

  8. Some bitter medicine for Hong Kong's hypertension

    Posted Nov 19th 2010, 12:00am by Tom Holland

    ... economy published yesterday, the IMF forecast robust growth of 6.75 per cent this year. But like everyone these days, Nigel Chalk, the IMF senior adviser who led the check-up, is concerned about ... But if the market continues to climb at these rates, he warns, property prices will lose touch with their underlying fundamentals and Hong Kong will become dangerously overinflated. The IMF is worried ...

  9. HK's next financial secretary must be an expert firefighter

    Posted Mar 27th 2012, 12:00am

    ... As a result, the IMF reckons that Hong Kong would actually feel a European slump more intensely than Europe itself, with every 1 percentage point decline in euro-zone growth rate triggering a 1.5 ... potentially push Hong Kong back into recession in 2013. Then there is the danger of a hard-landing in China, which some analysts believe is mounting by the day. The IMF's researchers warn ...

  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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