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  1. Europe's dirty fait accompli

    Posted May 24th 2011, 12:00am

    ... to demand Lagarde should take over in a betrayal of the promises to have a free and fair and transparent election. In the past, the leading economic powers chose the heads of the IMF and World Bank by a backroom stitch up, the so-called gentlemen's agreement at the founding of the two institutions, under which the Europeans chose the head of the IMF and Washington selected the president ...

  2. New cast for an outdated movie

    Posted Sep 04th 2006, 12:00am by Tom Plate

    ... but operating globally, the IMF is one of those backstage international institutions that only pop up on centre stage when things have really gone wrong. In all probability, the last time you might have noticed the IMF in the news was during the ferocious financial crisis of 1997-1999 that almost ate up parts of Asia. In that drama, the IMF was cast in the role of the evil genie. Its 'men ...

  3. Warning that America could face its very own Suez crisis

    Posted Aug 31st 2011, 12:00am

    ... foreign reserves were held in pounds. That would be an economic catastrophe. But to secure a payout from the IMF, Britain would need to command a majority of votes on the fund's executive ... rates paid by a heavily indebted US government sharply higher. Just like Greece or Portugal in recent months, the US would be forced to turn to the IMF for emergency funding to avert a default. ...

  4. A lot of hot air

    Posted May 23rd 2011, 12:00am

    ... domestic product based on purchasing power parity (PPP) estimations would surpass that of the United States by 2016. After the posting was quickly seized on by the media, the IMF hastily issued ... the Vladimir Putin camp and the Dmitry Medvedev camp, and Medvedev hasn't yet decided which camp he will join. Gauging economic size based on PPP is not really an IMF invention. Actually, a report ...

  5. Comment - Insight & Opinion

    A world without America as No 1

    Posted Feb 14th 2013, 12:00am by KISHORE MAHBUBANI

    ... a superpower in a matter of decades, the US and Europe will want to ensure that it plays by the rules. But in order to make international organisations like the UN, the IMF and the World Bank more ... permanent seats. It's nonsensical that the head of the IMF is always a European and the head of the World Bank is always an American. This concentration of clout in the hands of a relative few ...

  6. Good reasons to be scared

    Posted Dec 07th 2011, 12:00am

    ... countries and that squabbling over treaty revisions may just prolong the death throes of the euro. The IMF, perhaps boosted by funds from China and others, and the European Central Bank may do ... of the IMF. He could have helped to concentrate minds. 8.6% The US jobless rate last week, down from 9 per cent- Some economists calculate that it is actually closer to 12 per cent ...

  7. That sinking feeling

    Posted Nov 29th 2011, 12:00am

    ... and the banks in co-operation with a number of governments, the ECB and the IMF, according to RCM, the Hong Kong based retirement fund investment specialist. Political manoeuvring in Greece ...

  8. Moody's gives mainland its highest rating

    Posted Jul 27th 2007, 12:00am by Denise Tsang

    ... the ADB said. The IMF said the mainland would even play a bigger role in global economic expansion and forecast 11.2 per cent growth this year and 10.5 per cent next year. The economy grew 11.9 ... contributor to global growth,' said Charles Collyns, the IMF's deputy director of research. The mainland, which is now the world's fourth-largest economy, threatens to replace the US ...

  9. China-bashing on the table at Hu-Obama talks

    Posted Jun 13th 2012, 12:00am

    ... in the International Monetary Fund cannot fully reflect their economic status,' Cui said. 'It is necessary for the IMF to carry out reforms.' He said that advanced economies and emerging markets ...

  10. Lessons from US debt farce

    Posted Aug 02nd 2011, 12:00am

    ... the yuan more international, with all the awkward implications for domestic policymaking. And it is time, too, for the IMF to look again at a new reserve currency. ...




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