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  1. News - World - POVERTY

    World Bank and IMF join forces to eradicate extreme poverty by 2030

    Posted Apr 22nd 2013, 12:00am by AFP

    ... where we are making progress and where we are not." Calling the initiative a "historic opportunity" to make a difference, the Development Committee, representing the IMF ... But it's not a given and we cannot do it alone. It requires focus, innovation and commitments from everyone," he said. Kim had made adoption of the poverty agenda his top priority for the IMF ...

    http://www.scmp.com/news/world/article/1219939/world-bank-and-imf-join-forces-eradicate-extreme-poverty-2030
  2. Comment - Insight & Opinion

    Economic reality should trump politics

    Posted Oct 12th 2012, 12:00am by Alex Lo

    ... in the IMF commensurate with its economic clout. By snubbing the meeting, it has weakened its own argument. If Zhou had attended, he might have upset a few mainland nationalists. But it would have ...

    http://www.scmp.com/comment/insight-opinion/article/1059014/economic-reality-should-trump-politics
  3. Business - Economy - ECONOMY

    IMF calls for action as euro zone crisis festers

    Posted Oct 11th 2012, 11:26am by Reuters in Tokyo

    ... Reuters in Tokyo The IMF prodded the world’s rich countries for swifter action on Thursday as Europe’s debt crisis drags on while the United States and Japan show scant progress handling ... economies. The IMF cut its global growth forecast this week for the second time since April. “We expect action and we expect courageous and co-operative action on the part of our members,” Lagarde ...

    http://www.scmp.com/business/economy/article/1058507/imf-calls-action-euro-zone-crisis-festers
  4. Business - Economy - ECONOMY

    IMF sounds alarm on risk of global growth slowdown

    Posted Oct 10th 2012, 12:00am by Bloomberg

    ... Bloomberg in Washington Lender winds back forecasts and cautions Europe and US to confront economic threats IMF sounds alarm on risk of global growth slowdown The International Monetary ... this year, the slowest since the 2009 recession, and 3.6 per cent next year, the IMF said yesterday, compared with July predictions of 3.5 per cent this year and 3.9 per cent in 2013. The IMF now ...

    http://www.scmp.com/business/economy/article/1057354/imf-sounds-alarm-risk-global-growth-slowdown
  5. Business - Economy

    IMF changes policy on troubled economies

    Posted Oct 17th 2012, 12:00am by Kevin Rafferty

    ... Kevin Rafferty In a dramatic policy change, the fund now says austerity may not be the best medicine for sick economies, but some in Europe do not agree IMF backflip It is hard ... The IMF's almost Damascene conversion from severe austerity to a more balanced approach stressing the importance of growth in building up economic strength was one of the main talking points ...

    http://www.scmp.com/business/economy/article/1062668/imf-changes-policy-troubled-economies
  6. Business - Banking & Finance

    IMF and World Bank leaders lack imagination

    Posted Oct 10th 2012, 12:00am by Kevin Rafferty

    ... Kevin Rafferty The IMF and World Bank are meeting in Tokyo but there appears little chance of a bright idea arising that will revive an ailing global economy imagination? Memo ... from crisis to crisis. If the world's financial leaders had any sense they would have convened the IMF/World Bank annual meetings and immediately adjourned them until next year when ...

    http://www.scmp.com/business/banking-finance/article/1057270/imf-and-world-bank-leaders-lack-imagination
  7. IMF not a plaything for retired politicians

    Posted Jul 17th 2007, 12:00am by Kevin Rafferty

    ... the head of the IMF, just as the United States' president nominates the head of the World Bank. US President George W. Bush was allowed only weeks ago to choose Robert Zoellick to take charge of the World Bank, so Mr Strauss-Kahn's appointment should be a matter of form, with IMF shareholders only stopping to congratulate Mr Sarkozy on a job well done. At a stroke, Mr Sarkozy showed he ...

    http://www.scmp.com/article/600837/imf-not-plaything-retired-politicians
  8. End the power monopoly at global financial bodies

    Posted Mar 28th 2005, 12:00am by Staff Reporter

    ... or often overlooked, is the concern about appropriateness of allowing one country to keep a lock on a key global institution with 184 member countries. The World Bank and the IMF, both operating ... surfacing, unlike when the IMF's top position became vacant last year. Then, names from non-European countries were at least put forward, even if the job ultimately went to Spaniard Rodrigo ...

    http://www.scmp.com/article/494508/end-power-monopoly-global-financial-bodies
  9. 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. ...

    http://www.scmp.com/article/997709/brics-can-build-better-world
  10. Being American mustn't again be key criterion for World Bank presidency

    Posted Feb 25th 2012, 12:00am

    ... with the International Monetary Fund and rich bankers as a globalised plot to grind the faces of the world's poor. This is unfair to the bank, a very different organisation from the IMF. As John Maynard Keynes noted, the IMF is more like a bank, focused on financial matters, and the bank is more like a fund with a global purview over economic development and poverty reduction. Globalisation, ...

    http://www.scmp.com/article/993613/being-american-mustnt-again-be-key-criterion-world-bank-presidency

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