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  1. IMF upbeat on recovery but warns of risks

    Posted Jul 09th 2010, 12:00am by Enoch Yiu

    ... and the rest of the world for the year. IMF chief economist Olivier Blanchard said a double-dip recession was unlikely but warned the European debt crisis had added downside risks to the recovery ... Kong Monetary Authority. The IMF has upgraded its projection for global growth to 4.6 per cent, up 0.4 percentage point from an estimate made in April. This is the first time the IMF has ...

  2. 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', ...

  3. A bubble warning we shouldn't lose sleep over

    Posted Dec 07th 2009, 12:00am by Staff Reporter

    ... petered out. In any case, some of the measures that the IMF has recommended are already in place. Virtually all our major banks are well capitalised. Mortgages for luxury flats have been cut from the usual 70 per cent of price to 60 per cent. If you approach a bank loan officer today, it is likely your finances will be subjected to careful scrutiny. The IMF's calculation ...

  4. G20 map may not lead out of woods

    Posted Apr 07th 2009, 12:00am by Kevin Rafferty

    ... was the IMF, which had been licking its wounds since the 1997 financial crisis, when its insistence on austerity sent Asian economies into a tailspin. In London, it was promised that its lending resources would be tripled to US$750 billion. But as IMF managing director Dominique Strauss-Kahn, said: 'I am not a banker.' The fund lends money if and when countries approach it to ask ...

  5. Mainland gold reserves soar 75.7pc

    Posted Apr 25th 2009, 12:00am by Eric Ng

    ... China's gold reserves are the fifth-largest of the six nations that have stockpiles of more than 1,000 tonnes, according to IMF January figures. The United States, Germany, France and Italy each ... nations to raise their gold reserves to diversify their foreign exchange reserves. According to the IMF, the top four gold holders had reserves of the precious metal amounting to 66.5 per cent ...

  6. China set to grab headlines as world's second-largest economy

    Posted Dec 15th 2009, 12:00am by Kevin Rafferty

    ... with GDP of US$4.83 trillion, just below Japan's US$4.99 trillion. By IMF forecasts for next year, the positions will be reversed, with China at US$5.3 trillion, well clear of Japan's ... long overtaken Japan. IMF statistics using purchasing power parity lift China's GDP to US$8.51 trillion this year, rising to US$9.19 trillion next year, far ahead of Japan's US$4.12 ...

  7. Chinese loans go a long way in Africa

    Posted Jul 20th 2009, 12:00am by Toh Han Shih

    ... highly indebted poor countries scheme, where it could be relieved of the majority of its multilateral and bilateral debt obligations. IMF managing director Dominique Strauss-Kahn said 'the ... that the use of the Congo's mineral reserves as a guarantee for the infrastructure projects constituted external debt. The current face-off between China and the IMF is a reminder that despite ...

  8. Directing the world without a compass

    Posted Nov 17th 2010, 12:00am by Kevin Rafferty

    ... a 'shellacking'. The traditional family portrait of the 33 leaders at the G20 summit (swollen by the heads of the United Nations, IMF, World Bank, World Trade Organisation, OECD and European Union) ... countries what to do. Dominique Strauss-Kahn, the managing director of the IMF, gave a diplomatic summing up of Seoul, declaring: 'This G20 was more of a G20 of debate than a G20 ...

  9. China follows US footsteps at G-Zero

    Posted Feb 22nd 2011, 12:00am by Kevin Rafferty

    ... a sense of history, he would understand that it was his predecessors in Washington at the time of the founding of the IMF and World Bank who staunchly resisted the idea that those institutions ... For decades long after that Washington used its economic muscle to bully friends and foes alike. It deployed immense economic firepower as the largest shareholder and only veto-wielder in the IMF ...

  10. Rebuffing the rich nations' club

    Posted Oct 19th 2004, 12:00am by Laurence Brahm

    ... to exert pressure on China to revalue the yuan exchange rate. It is amazing how the IMF and World Bank still adhere to elements which were disastrously applied in the former Soviet Union, repeated ... which seeks pragmatic alternatives to Washington's fundamentalism. China has developed its own model, rejecting failed IMF and World Bank theories. The developing world can do without ...




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