International Monetary Fund (IMF)
Strauss-Kahn takes over at IMF
Dominique Strauss-Kahn, France's former finance minister, began his five-year term at the International Monetary Fund (IMF) on Thursday. He acknowledged that he is taking over at a time when the Fund desperately needs reform and to reach out to emerging…
IMF reform needs compromise to succeed: De Rato
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, stressed that if reform efforts were to be successful, a give-and-take spirit was needed.
Define your mission, Paulson advises IMF and Bank
Hank Paulson, the US Treasury Secretary, said that international financial institutions need to better define their core missions, and align staff and other resources accordingly, if they are to remain relevant.
De Rato's final speech presents gloomy outlook
Rodrigo de Rato, the outgoing managing director of the International Monetary Fund, said on Monday that the recent banking crisis has exposed weaknesses and will hamper growth in the coming years.
IMF and World Bank issue joint action plan
The International Monetary Fund and the World Bank said on Friday that they are to launch a joint action management plan.
Politics force Sierra Leonean governor out
Samura Kamara, an International Monetary Fund executive and a former finance ministry official, has replaced James Rogers as the governor of the Bank of Sierra Leone, a public relations officer told Central Bank News on Friday.
India's Reddy on factors set to hamper growth
Y.V. Reddy, the governor of the Reserve Bank of India, said on Thursday that a skills shortage and inadequate infrastructure will curb India's impressive growth record.
Crisis "clouds growth prospects", says IMF
The International Monetary Fund (IMF) has revised its estimates for global growth in 2008 down by almost half a percentage point.
De Rato U-turns on dollar valuation
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), said on Monday that the dollar was overvalued despite recently saying that he believed the opposite to be the case.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
China likely to replace Zhou
Zhou Xiaochuan, the governor of the People's Bank of China, is set to lose his job as part of a wide-ranging reshuffle, the details of which will be announced at next week's party congress.
Private sector urges cooperation on rulemaking
The Institute of International Finance (IIF), a global association of finance institutions, called for central bankers and finance ministries to ensure that the regulatory response to the current crisis complements reforms pursued by the private sector.
Latin America set to escape worst of turmoil
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), expects Latin America to avoid most of the effects of the recent financial turmoil, though its economy may be hampered by the aftermath.
Volatility will continue to fall - IMF
Output volatility is likely to fall in the years ahead, according to the latest edition of the International Monetary Fund's (IMF) World Economic Outlook.
Currency rise wanted by EU chiefs
Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the…
Padoa-Schioppa to chair IMFS
Tommaso Padoa-Schioppa, Italy's economy and finance minister, is to head the International Monetary Fund's (IMF) International Monetary and Financial Committee (IMFC).
Turmoil will impact exchange rates - IMF's Kato
The re-pricing of risk taking place as a result of the credit crunch will lead to a rebalancing of currencies and growth in the near future, according to Takatoshi Kato, the deputy managing director of the International Monetary Fund (IMF).
Strauss-Kahn appeases emerging states with votes
Dominique Strauss-Kahn, who will become the tenth managing director of the International Monetary Fund (IMF) in November, plans to give developing countries more power at the Fund.
Slovenia's capital failure
The poor performance of Slovenia's capital markets illustrates the difficulties in developing capital markets in small emerging economies, according to a paper published by the International Monetary Fund.
Strauss-Kahn set to become IMF managing director
In keeping with tradition, the International Monetary Fund (IMF) has recruited another EU-backed appointee - Dominique Strauss-Kahn, the former French finance minister - to succeed Rodrigo de Rato as head.
Tosovsky and Strauss-Kahn interview for IMF head
Josef Tosovsky's and Dominique Strauss-Kahn's respective statements to the International Monetary Fund (IMF) for the role of managing director touched on similar problems. But their solutions differed vastly.
Links between ownership, market structure and risk
The relationship in developing countries between banks' risk of failure, market structure, their ownership, and screening and bankruptcy costs is investigated in an International Monetary Fund paper published on Wednesday.
Turmoil will impact global economy- IMF's de Rato
Rodrigo de Rato, the managing director of the International Monetary Fund, said the recent bout of money-market volatility will affect global growth.
Globalisation's impact on UK inflation
The author of this paper uses the International Monetary Fund's new Global Economy Model (GEM) to estimate the importance of various factors, which are used to explain the differences in the trends in core inflation and relative prices in the UK, the…