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G20

EU backs pledge to fill IMF coffers to $500bn

The International Monetary Fund (IMF) needs to bolster its lending capacity to $500 billion, leaders of Europe's biggest economies have said. The move comes amid concern that the Fund will be unable to avert the collapse of some central and eastern…

IMF's chief economist on the tasks ahead

Olivier Blanchard, the chief economist at the International Monetary Fund (IMF), has made public a detailed policy proposal issued to the heads of the G20 before their summit in Washington, DC earlier this month.

G20 statement

The following statement was made by finance ministers and central bank governors at the G20 meeting that took place in South Africa, near Cape Town, on 17 and 18 November 2007.

Davos/G20 report on monetary system

"An important transformation of the international monetary system appears to have begun in which the Group of 20, by virtue of its relatively informal and representative nature, may well prove to be the crucible in which its primary features are forged,"…

SA's Trevor Manuel to lead G20

South Africa's veteran finance minister, Trevor Manuel, has called on the group of 20 (G20) finance ministers and central bank governors to "build windmills in the calm of current global financial stability."

BOJ chief sees risk assessed rate rises

The Bank of Japan will adjust interest rates gradually while ensuring its policy actions remain supportive of the domestic economy and that growth remains sustainable, BOJ governor Toshihiko Fukui said Sunday 19 November.

G-20 statement following meeting in China

Finance ministers and central bank governors from the G-20 industrial and emerging economies issued a statement on Sunday 16 October after their two-day meeting in the city of Xianghe, south of Beijing, China.

China's fin min cautions on yuan moves

Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.

G20 will include IMF, World Bank reform talks

The agenda for October's meeting of the Group of 20 finance ministers and central bank chiefs will include reform of the IMF and World Bank, deputy finance minister Li Yong told the official Xinhua news agency.

Bundesbank's Welteke: is US growth sustainable?

Bundesbank President Ernst Welteke said on Sunday 26 October, on the sidelines of the Mexico G20 meeting, that the world economy is in recovery but he questioned whether growth in one of its main drivers, the United States, was sustainable, Reuters…

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