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  1. Is Beijing willing to bankroll the IMF?

    Posted Nov 15th 2008, 12:00am by Michael Richardson

    ... the IMF has re-emerged as an important stabiliser of the financial system. In the Asian crisis of 1997-98, the IMF lent US$35 billion to Thailand, Indonesia and South Korea to help them shore up ... This time round, the IMF is taking a more nuanced approach. It recently set aside US$100 billion for short-term loans to emerging economies dragged into the contagion through no fault of their own. ...

  2. IMF takes a softer line on yuan

    Posted Jul 26th 2012, 12:00am

    ... by an estimated 3 per cent to 23 per cent against a basket of currencies, depending on the methodology used. The latest assessment echoes statements made by a senior IMF official in Beijing in early June indicating the fund was taking a softer line. Markus Rodlauer, head of the IMF China team, explained the new position by saying that 'numbers tend to get a life of their own'. He said ...

  3. BRICS should get bigger say in IMF

    Posted Jun 22nd 2012, 12:00am

    ... India and South Africa should get in return- more say in the running of institutions like the IMF and the World Bank. The developed Western nations that set up both in 1944 and have controlled them since, agree, although they have yet to make good on a vow made in 2010 to reform quotas and voting powers. With the US being the key holdout on ratifying the IMF changes ...

  4. Retreat of EU banks could hurt world: IMF

    Posted Apr 24th 2012, 12:00am

    ... the International Monetary Fund (IMF). Large European banks could reduce their combined balance sheets by US$2.6 trillion between last September and the end of next year, according to the IMF's latest ... economies, said Sean Craig and Andre Meier, the IMF's resident representatives in Hong Kong. And while the US dollar remains the world's currency of choice for fund-raising activities ...

  5. Business - Economy - INTERNATIONAL

    Lagarde begins Southeast Asian tour

    Posted Nov 15th 2012, 12:00am by BLOOM

    ... Bloomberg in Washington and Singapore IMF boss begins Southeast Asia tour Fresh from yet another meeting in Brussels on Europe's debt crisis, International Monetary Fund (IMF ... starts in Malaysia and includes the Philippines and Cambodia, builds on ties that took years to mend after the 1997 Asian financial crisis forced countries into unpopular IMF austerity policies. ...

  6. IMF predicts soft landing... with advice for Beijing

    Posted Mar 20th 2012, 12:00am

    ... to maintain vitality, according to the International Monetary Fund. 'China is landing quite well. Its inflation is down, investment and growth has slowed,' said Zhu Min, IMF deputy managing ... the key issue was for China to move to a more flexible currency exchange regime. IMF managing director Christine Lagarde also said over the weekend that the yuan could become a global reserve ...

  7. E.U. crisis could last seven years, ex-IMF chief warns

    Posted Dec 20th 2011, 12:00am

    ... Mandy Zuo mandy.zuo@scmp.com Former IMF chief Dominique Strauss-Kahn delivered yesterday in Beijing his first public speech since quitting the post amid allegations of sexual assault. ... in a globalised economy. 'I think the Chinese could help through the IMF, or directly,' he said. 'We're now in a globalised world, and there's no way for any single player ...

  8. I.M.F. cuts asia growth forecasts

    Posted Oct 14th 2011, 12:00am

    ... Index of stocks fell 16 per cent in the past quarter in what the IMF described as 'panic sell-offs'. It was the biggest drop since the financial crisis in 2008. Uncertainty over ... that banks, pension funds and other financial institutions were asked to accept in July as part of a second rescue package for Athens. The IMF report warned larger losses at home could cause foreign ...

  9. IMF's clear and tangible timidity in HK

    Posted Dec 13th 2011, 12:00am

    ... Jake van der Kamp 'Given the uncertainty about global growth prospects, a recession next year is a clear and tangible risk for Hong Kong.' Nigel Chalk IMF mission chief for China ... and Beijing is now reconsidering its entire high-speed railway programme. Not a word of it. The danger is an external one and the specific danger is external shock from Europe. The IMF, you must ...

  10. Beijing on board for a rising yuan, IMF chief says

    Posted Nov 11th 2011, 12:00am

    ... Teddy Ng in Beijing teddy.ng@scmp.com The head of the International Monetary Fund (IMF) said after talks with senior Chinese leaders yesterday that Beijing is ready to let the yuan rise. ... said China would focus on maintaining a stable and rapid economic growth, and support measures taken by the IMF, European Union and European Central Bank to handle the crisis. Wen said China ...




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