Asian critics have challenged the International Monetary Fund to replace Michel Camdessus with a leader from the developing world.Thursday, 11 November, 1999, 12:00am
The Bank for International Settlements (BIS) has warned that the sense of urgency to reform international financial markets is in danger of being lost and that complacency bred by the present stability in markets needs to be quickly avoided.8 Jun 1999 - 12:00am
Recent rallies on Asia's financial markets are premature and smack of 'irrational euphoria', according to the International Monetary Fund's managing director Michel Camdessus.18 May 1999 - 12:00am
The International Monetary Fund has confirmed it is setting up a bold funding facility which will tackle financial crises contagion head on.
After long negotiations, the IMF said that under its new contingent credit line, it would make available funds aimed at beating back speculators and deflecting any knock-on effects.27 Apr 1999 - 12:00am
The managing director of the International Monetary Fund arrives in Russia this morning on a seemingly mission impossible. Michel Camdessus must try to reconcile the strictures of the IMF's principles with the needs of a country on the edge of an abyss.1 Dec 1998 - 12:00am
The International Monetary Fund and World Bank yesterday dismissed claims their annual general meeting had failed to provide an agenda to tackle the worsening economic crisis.
Bank president James Wolfensohn and IMF managing director Michel Camdessus said the six days of talks had impressed on the world's financial chiefs that the problem was global, not regional.9 Oct 1998 - 12:00am
Bill Clinton said yesterday the worst economic crisis in 50 years could be contained by global action, but warned it might still spread.7 Oct 1998 - 12:00am
Monetary officials from the Asia-Europe Meeting (Asem) countries yesterday gave their universal support to an Asia-wide surveillance mechanism to pre-warn nations of impending economic collapses.7 Feb 1998 - 12:00am
ASIAN countries and the US have pledged a further US$15 billion (HK$116 billion) to an International Monetary Fund (IMF) aid package for Indonesia, bringing to US$38 billion the amount promised so far to bail out the country.
US Treasury Secretary Robert Rubin said yesterday that Washington was prepared to put up as much as US$3 billion as a back-up.2 Nov 1997 - 12:00am
International Monetary Fund managing director Michel Camdessus yesterday called on countries to accept the disciplines of markets rather than demonise them when uncertain economic conditions cause volatility.
Mr Camdessus said countries could not compete for the 'blessings of the global capital markets and refuse their disciplines'.24 Sep 1997 - 12:00am