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IMF officials, Pakistan PM discus bailout package

IMF officials, Pakistan PM discus bailout package

By Nasir Aijaz AsiaN Correspondent Islamabad: International Monetary Fund’s (IMF) Director Middle East and Central Asia Jihad Azour met Prime Minister Imran Khan at the PM Office here on Tuesday. Adviser to Prime Minister on Finance Dr Abdul Hafeez Sheikh and Governor State Bank Dr Reza Baqir were present in the meeting. The IMF delegation […]

IMF team voices concerns about pace of S. Korea’s minimum wage hikes

IMF team voices concerns about pace of S. Korea’s minimum wage hikes

A team from the International Monetary Fund (IMF) on Monday expressed concerns over the pace of minimum wage hikes in South Korea, the Ministry of Economy and Finance said. The delegation led by Tarhan Feyzioglu, Korea mission chief at the IMF, shared the concerns in a meeting with Finance Minister Hong Nam-ki as part of […]

G20 Summit to create more development chances for world

G20 Summit to create more development chances for world

The upcoming G20 summit in Buenos Aires, Argentina has been endowed with special realistic significance given the deep-seated contradictions facing global development as well as the overlying risks and uncertainties encountered by today’s world economy. The summit, which would last from Nov. 30 to Dec. 1, comes as the rising tide of protectionism and unilateralism […]

IMF in Mongolia for the Fifth Review of the Country’s Performance as Part of the Bailout Package

IMF in Mongolia for the Fifth Review of the Country’s Performance as Part of the Bailout Package

[ULAANBAATAR, Mongolia] The International Monetary Fund (IMF) Staff Team visited Ulaanbaatar to conduct the fifth review of Mongolia’s performance under a program supported by a $434 million three- year Extended Fund Facility (EFF). It is part of a quarterly review process designed to ensure Mongolia’s reforms remain on track. The delegation met Mr. Erdembileg Ochirkhuu, First Deputy […]

IMF Chief: “Next Zuckerberg might come from China”

IMF Chief: “Next Zuckerberg might come from China”

The sun is shining a lot better and under broad basis, that means the economy is recovery, IMF Managing Director Christine Lagarde said during IMF/World Bank annual meetings in Washington D.C. “The finance ministers and the leaders should inspect the roof now, because it’s much easier to fix the roof when the sun is shining,” […]

World puts bullish bet on Chinese economy

With a strong development momentum, the Chinese economy contributes a lot to the global economic growth, Maurice Obstfeld, chief economist at the International Monetary Fund (IMF) gave his thumbs up to Chinese economy. In its latest World Economic Outlook released Tuesday, the IMF expected the Chinese economy to grow 6.8 percent this year and 6.5 […]

IMF calls on Indonesia to speed up infrastructure projects

IMF calls on Indonesia to speed up infrastructure projects

JAKARTA, July 9 (Xinhua) — The International Monetary Fund ( IMF) has called on the Indonesian government to be more serious about its commitment to developing infrastructure, local media reported on Monday. IMF Asia and Pacific department chief Sanjaya Panth said that one of the main factors hindering Indonesia from accelerating its infrastructure development was […]

IMF ready to lend economic support to Greece

IMF ready to lend economic support to Greece

WASHINGTON, June 17 (Xinhua) — The Washington-based International Monetary Fund (IMF) said on Sunday that it was ready to continue lending support to Greece’s economic growth and job creation efforts. “We take note of the election results in Greece and stand ready to engage with the new government on the way forward to help Greece […]

Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks

Eurogroup confirms up to 100-bln-euro aid ready for Spain’s banks

BRUSSELS/MADRID, June 9 (Xinhua) — Eurozone finance ministers confirmed on Saturday that the single-currency area is ready to offer up to 100 billion euros (about 125 billion U.S. dollars) in financial aid to rescue Spain’s ailing banking sector. “The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up […]

IMF “Pakistani Economy Would Speed up”

IMF “Pakistani Economy Would Speed up”

An elderly Pakistani man walks back to his home carrying wood that he collected to be used for heating in a slum area on the outskirts of northwest Pakistan’s Peshawar, on March 6, 2012. According to the International Monetary Fund (IMF) Pakistani economy would speed up to a 3.4 percent growth pace in fiscal 2011-2012, […]

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