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Speech by Anne Krueger of the IMF, 20 Mar
SPEECH - In the speech titled 'Growth and Reform in Russia' Krueger said Russia should aim for economic growth of between 4%-6% a year for the next 10-15 years.
Sri Lanka c bank hands cheque clearing to local Co
SRI LANKA - The Central Bank of Sri Lanka has delegated the bank's operation of clearing cheques to local company Lanka Clear Ltd., reports the Daily News, quoting the central bank governor.
Boost for Germany's financial role
GERMANY - Recent reforms to modernise regulation of Germany's financial markets are likely to strengthen the country's position as an international financial centre, even though the government had to compromise on its proposals.
Australia's RBA leaves rates unchanged at 4.25 pct
AUSTRALIA - The Reserve Bank of Australia Wednesday left interest rates unchanged following its April board meeting, despite expectations in some circles that it would begin the tightening cycle.
Bangladesh considering floating the taka - c bank
BANGLADESH - Bangladesh central bank governor Fakhruddin Ahmed said on Wednesday his country might consider floating the taka currency in an effort to further deregulate the money market.
Kazakh c bank says expects rating upgrade
KAZAKHSTAN - Kazakhstan's central bank said on Wednesday it expected the country's sovereign credit rating to be upgraded this year and to reach investment rating level next year, paving the way for large scale portfolio investment, reports Reuters.
McDonough - Argentina must find its own solutions
ARGENTINA - The solutions to Argentina's current economic crisis must be found mostly by the country's own leaders, rather than through bailouts from outside the troubled nation, Federal Reserve Bank of New York President William McDonough said Tuesday.
Tokyo, Beijing sign currency-swap deal
JAPAN - The Japanese government signed a currency-swap agreement with China on 28 March.
Japan's tankan survey shows economy nearing upturn
JAPAN - Corporate confidence in Japan stopped falling for the first time in five quarters in March but was still weak, a widely watched central bank survey showed on Monday, pointing to a modest economic rebound from June.
Argentina pleads for new aid
ARGENTINA - A delegation from the International Monetary Fund (IMF) has arrived in Argentina to weigh up whether to grant the stricken country fresh aid.
IMF dilutes its role in int'l bankruptcy plan
US - The International Monetary Fund on Monday amended its proposal for developing a system to allow troubled countries to file for bankruptcy protection to give it a smaller role than creditors.
Speech by Governor, State Bank of Pakistan, 2 Mar
SPEECH - Dr Ishrat Hussain, Governor of State Bank, delivered his keynote address at the 51st annual general meeting and prize award ceremony of the Institute of Bankers Pakistan. The address was titled 'Strategy for External Debt Management 1999 - 2004'.
Speech by Anne Krueger of the IMF, 1 Apr
SPEECH - In the speech titled 'New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking' Krueger said "Under the approach I have in mind, the essential decision-making power would be vested in the debtor and a supermajority of its…
Czech Senate okay c bank law on meeting EU needs
CZECH REPUBLIC - The Czech Senate on Wednesday approved an amendment to the Czech National Bank (CNB) bill which brings the legislation into line with European Union requirements.
Market-based monetary management in Pakistan
ARTICLE - In the late 1980s the developing countries were attracted to the growing importance of International Monetary Fund's Stabilisation Programme and the World Bank's Structural Financial Adjustment Programme to carry out the desired market-oriented…
PBOC challenged on conflict in supervisory role
CHINA - A fierce debate is raging within the Chinese Government over whether to remove from the central bank its role as supervisor of the banks and set up a new organisation that would do a better job.
Bulgarian nat bank to tighten bank system control
BULGARIA - The Bulgarian National Bank (BNB) will closely monitor the small shareholders in Bulgarian banks, which acquire stakes of over 3.0 pct, according to Banking Act amendments, reports Bulgarian News Digest.
Portugal has budget woes, not crisis - c bank
PORTUGAL - Portugal's Central Bank Governor Vitor Constancio said on Monday the country was facing budget problems as its deficit widened but not an economic crisis.
Banjul joins single currency
GAMBIA - The Gambia has joined five other countries in the West African sub-region in the introduction of a single currency, the West Africa Second Monetary Zone ( WAMZ).
Hayami - Financial system conditions remain severe
JAPAN - The condition of the Japanese financial system remains severe and the Bank of Japan will do its utmost to ensure financial stability, BOJ governor Masaru Hayami said Tuesday.
Vietnam cuts banks' reserve requirement to 8 pct
VIETNAM - Vietnam's central bank said on Tuesday it had cut the level of reserves banks must maintain for foreign currency deposits to eight percent from 10 percent.
SNB sell 4.1 metric tons of gold in latest 10 days
SWITZERLAND - The Swiss National Bank sold 4.1 metric tons of gold in the latest 10-day reporting period ended March 28, the central bank's regular statistical report showed Tuesday.