International Monetary Fund (IMF)
No challenge to European at IMF - Paulson
The American Secretary of the Treasury, Henry Paulson, says the United States will not challenge the long-standing tradition of allowing European countires to select the new managing director of the International Monetary Fund.
IMF: global imbalances matter to Europe
According to an IMF working paper published in June, although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a…
Surprise as de Rato resigns from IMF
Rodrigo de Rato, the managing director of the International Monetary Fund, has announced that he would leave the Fund after its next meetings in October. This will be three years after his appointment and before the end of the normal five-year term.
Inflationary pressures building - Fund
Inflationary pressures are "definitely building up" according to Simon Johnson, economic counsellor and director of research with the International Monetary Fund.
IMF worried about wealth fund obscurity
The International Monetary Fund has added its voice to the growing number of international financial institutions and public policy entities calling for greater transparency in the activities of sovereign wealth funds.
IMF: Romania Article IV consultation
The IMF on 25 June released the staff report and public information notice regarding the conclusion of its Article IV consultation with Romania. The Fund projected 7% (baseline) growth of real GDP in 2007, down from 7.7% (preliminary estimate) in 2006.
IMF authors on impact of remittances
In this article on remittances, published in the IMF's quaterly Finance & Development, the authors suggest that the "bottom line is that remittances cannot be a substitute for a sustained, domestically engineered development effort."
IMF mulls currency surveillance tools
Rodrigo de Rato, the managing director of the International Monetary Fund says the Fund will soon announce more details above its new surveillance system for foreign exchange policies, which will make clear to member countries what is "acceptable to the…
Give Asia its due - Zeti
Malaysia's central bank governor, Zeti Akhtar Aziz, says Asia's increasing role in the global economy underlines the case for the continent being proportionately represented in the international financial community.
Reforming the IMF
The latest meeting of the IMF's executive board discussed key elements of the Fund's reform agenda: modernising its surveillance or economic oversight, bringing members' voting shares in line with their economic weight, developing a sustainable income…
Asia ten years on - IMF's Burton
Ten years after Asia's financial crisis it is the most dynamic region in the global economy, observed David Burton, the IMF's director for Asia and the Pacific, in a speech in Singapore.
Regulatory concerns knock Chinese shares
China's stock market closed 8.26% down on Monday 4 June as worries that the government is about to take further measures to cool the economy triggered a major sell-off.
IMF's Article IV consultation with Switzerland
The IMF on 4 June released the staff report and public information notice regarding the conclusion of its Article IV consultation with Switzerland. The Fund projected 2% growth of real GDP in 2007, down from 2.7% in 2006.
Kroszner on risks and outlook for US economy
Economic growth will in the US pick up through 2007, rising to close to potential by 2008, said Randall Kroszner, a member of the Board of Governors, at the spring meeting of the IIF in Athens, adding that the risks to the inflation outlook are primarily…
ECB's Papademos hints at rate rises
In one of the strongest hints at further rate rises for the eurozone later this year, Lucas Papademos, the Vice-President of the European Central Bank, said forecasts for economic growth in 2007 and 2008 are above the region's potential.
The benefits of the SARB's transparency
This IMF Working Paper suggests that the increased transparency of monetary policy in South Africa since the late-1990s has helped to improve the accuracy of inflation and interest rate forecasts.
New IMF Survey
The latest IMF Survey includes articles on the Fund's role in exchange rate surveillance, the conclusions of its most recent "Global Financial Stability Report", and the economic outlook for Belgium, the Middle East and Central Asia.
Japanese consumers to keep economy floating
The International Monetary Fund predicts an economic expansion in Japan of 2.3% this year, followed by 1.9% in 2008.
The Fund's changing role in Asia
In this speech, David Burton, director of the Asia & Pacific Department of the IMF, points out how the Fund's role in Asia has changed since the Asian financial crisis in 1997 and 1998.
IMF wants Dominican CB bill passed
A delegation of the International Monetary Fund to the Dominican Republic has pushed for the country's congress to pass a bill to recapitalise the central bank with $200m.
Assessing financial soundness indicators
This paper analyses the relationship between selected macroeconomic and financial soundness indicators (FSIs) such as capital adequacy, asset quality and profitability.
Bank of Canada Review, Spring 2007
The Bank of Canada published its Review for Spring 2007 on Thursday 17 May. The Review includes the article 'Renewing the International Monetary Fund: A review of the issues'.
Europeans react to Wolfowitz departure
Following the announcement that Paul Wolfowitz, the under-fire president of the World Bank, will step down on 30 June, European government officials are calling for the Bank to rebuild its credibility.
IMF's Lipsky on debt defaults
In the speech 'Learning from experience: Debt defaults and lessons from a decade of crises' given on 10 May John Lipsky of the IMF said in the current relatively benign global environment, not many emerging market countries have needed to borrow from the…