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  1. On its own

    Posted Jul 12th 2012, 12:00am

    ... bid to secure greater voting rights within the IMF, further evidence that when China offers financial assistance, it expects its pound of flesh. Political considerations aside, China faces ... to China, primarily political. Funds are channelled entirely through the IMF as part of its efforts to secure greater voting rights. So what of the world's only superpower? Again, any role ...

  2. Beijing lowers expectations as demand slumps

    Posted Jul 07th 2012, 12:00am

    ... The forecast of slowing exports from the world's second-biggest economy came as Christine Lagarde, managing director of the International Monetary Fund (IMF), said the global economy had worsened. ... for global growth will be lower than the IMF anticipated three months ago, Lagarde said in Tokyo yesterday. 'Over the past few months, the outlook has become more worrisome. Many indicators ...

  3. World Bank's new chief needs vision to reclaim global view

    Posted Jun 30th 2012, 12:00am

    ... a frustrated Joseph Stiglitz, when he was the bank's chief economist, dared to speak out against the IMF's savage austerity in the Asian financial crisis. 'Stiglitz is finished: he'll never get another job,' said a senior bank staff member, appalled that Stiglitz had committed the mortal sin of criticising the IMF. Stiglitz won the Nobel Prize, is in the forefront ...

  4. 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 ...

  5. The case against austerity growing

    Posted Apr 28th 2012, 12:00am

    ... managing director of the IMF, and US Treasury Secretary Timothy Geithner have echoed it, calling for budget cutting to be reined in to allow some form of stimulus spending. Even Sarkozy has begun ...

  6. BRICS can build a better world

    Posted Apr 08th 2012, 12:00am

    ... that seems little interested in reform, they have understandably put in motion plans to set up their own bank to encourage trade in developing nations and fund projects. The World Bank and IMF, like ... decades later, the world is a much changed place. The model that persists in the unwritten agreement that the World Bank be led by an American and the IMF a European is out of sync with reality. ...

  7. BRICS want say at global banks

    Posted Mar 30th 2012, 12:00am

    ... pace of quota and governance reforms in the IMF,' the joint declaration said, adding there was an 'urgent need' to implement two-year-old governance and quota reform before the IMF and World Bank annual meeting this year. The emerging markets have been calling for better representation in the IMF and World Bank, and their heads to be chosen on merit. An American has ...

  8. 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 ...

  9. Chinese economist lands key IMF secretary post

    Posted Mar 09th 2012, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com International Monetary Fund managing director Christine Lagarde has named Chinese economist Jianhai Lin as the fund's secretary. The IMF ... will succeed India's Siddharth Tiwari, who was recently appointed director of the IMF's strategy, policy and review department. Analysts said Lin's nomination was the latest sign ...

  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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