International Monetary Fund (IMF)
Decoding the codes - is it worth the effort?
In the latest issue of The Financial Regulator, Lionel Price, Managing Director at Fitch Ratings, asks whether regulatory minimum standards can do the job expected of them.
Ten commandments for supervising mega-firms
If supervisors are to contain the risks posed by global financial conglomerates,urgent changes are needed. George J. Vojta, former vice-chairman of BankersTrust, proposes ten principles for supervising systemically important financialinstitutions.
Belgrade sees progress in dividing ex-Yugo gold
Yugoslavia said on Monday it hoped to quickly reach a deal with other members of the old six-member Balkan federation on dividing up gold assets held with the Bank of International Settlements.
Estonia cbank, govt clash over finance supervision
The Estonian central bank has said the finance ministry had unexpectedly decided to create a unified financial supervision body with the government, and was sharply critical of the plan.
Banks to support Turkey, won't cut exposure - IMF
Banks engaged in Turkey will not reduce their financial exposure to the country, a senior International Monetary Fund official said on Monday.
Ecuador awaits IMF visit to review econ program
A team from the International Monetary Fund will arrive in Ecuador in the next few days to evaluate the country's macroeconomic program.
Fund seeks its own watchdog
The International Monetary Fund's Executive Board has named Ray & Berndstson, a US-based international executive search firm, to identify candidates for the position of Director of the IMF's newly created independent Evaluation Office.
Summers welcomes IMF aid for Turkey
The United States on Wednesday welcomed a $10 billion rescue package agreement between the International Monetary Fund and Turkey, saying that its financial stability was important to the US.
IMF offers $10bn to ease Turkish banking crisis
The International Monetary Fund said it will provide more than $10 billion in financial support for Turkey to help ease a sharp liquidity crisis that has sent the country's interest rates soaring and depleted central bank reserves.
Georgian c.bank head sees stable lari, IMF loans
Georgia's lari currency should be stable next year, enabling the country to meet conditions to unlock loans from its largest creditor, the International Monetary Fund, the central bank governor said in an interview with Reuters.
Turk c.bank decision sparks money market turmoil
Turkey's central bank on Thursday shut off the taps of the emergency funding it has carried out over the last six trading days to ease a liquidity crunch sparked by fears of a banking sector crisis.
Yugoslav Dinkic explains priorities to parliament
Mladjan Dinkic, the newly-appointed governor of the Yugoslavia's central bank, has told the Federal Assembly that one of the bank's top priorities will be the full convertibility of the dinar, which will eliminate the black foreign exchange market.
IMF concerns over Indonesia's slow pace of reform
The Indonesian rupiah ended lower in Asian trade Wednesday on news that the International Monetary Fund has set a December deadline for Jakarta to show it's serious about economic reform.
IMF says Turkey policy on track
The International Monetary Fund said in a statement released on its website that the Turkish government's IMF-supported economic programme was on track and is expected to remain so.
Russia govt proposes to amend banking legislation
The Russian federal government and the central bank have submitted amendments to banking laws to the Duma. The government proposed these same bills back in 1999, on the insistence of international financial organisations.
Turkish central bank eases liquidity squeeze
Turkey's central bank and treasury held two purchases of government bonds on Monday as part of a package of measures to ease a liquidity squeeze that shook markets last week.
IMF mission leaves Russia with no agreement
Russia is likely to get a frosty reception from the Paris Club of sovereign creditors after an International Monetary Fund mission left Moscow this week without reaching agreement.
Argentina awaits emergency package from IMF
An emergency economic package required by the IMF will be passed in full within 30 days, Jose Luis Machinea, Argentina's economy minister, insisted on Thursday.
IMF warns Brown not to increase spending
The International Monetary Fund's report on the health of the UK economy, published yesterday by the Treasury, warned Gordon Brown, the UK Chancellor, that private spending needs to slow down before the economy can accommodate an increase in public…
Russia and IMF disagree over forex reserves
The Russian government is hoping to resume its talks with the International Monetary Fund in the middle of December, a source close to the talks told the Russian news agency Interfax on Tuesday.
Sarkinas: no policy change until after mid-2001
Reinoldijus Sarkinas, governor of the Bank of Lithuania, met with the IMF mission headed by Patricia Alonso-Gamo. He reiterated that decisions about the planned repegging of the national currency, the litas, from the US dollar to the euro would not be…
Cuba to aim for new debt timetable
Cuba will present its case for a multilateral rescheduling of its foreign debt to western creditor governments this week. Cuban central bank officials and representatives of the Paris Club group of creditor nations are due to meet in the French capital…
Japan needs easy monetary stance, says IMF
Japan's economy still has a problem with deflation, and the central bank should keep its easy monetary policy for a while longer, a senior official at the International Monetary Fund (IMF) said on Friday.
IMF lobbies private sector over finance standards
An IMF/World Bank team visited London today on one leg of a travellingroadshow designed to sell global financial standards to the private sector.