International Monetary Fund (IMF)

IMF new lending rises slightly

IMF ANNUAL REPORT 2001 - Lending by the International Monetary Fund in its financial year 2001 to last April increased slightly, reflecting additional loans to Argentina and Turkey to assist their economic reform.

Embracing change, IMF looks for shareholder reform

IMF ANNUAL REPORT 2001 - The International Monetary Fund yesterday, 20 September, issued its annual report for 2001, highlighting its progress in implementing reforms and urging its members - particularly the advanced economies - to do the same.

Big bang or gradualism in economic reforms

WORKING PAPER - IMF Working Paper written by Andrew Feltenstein and Saleh M Nsouli published August 2001. "Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China.

IMF to cut global forecasts

US - The IMF has cut its forecast for world economic growth this year to 2.8% from 3.2%, Reuters reported on 29 August citing unnamed sources at the international lender.

IMF says cash to reserves, Argentina decides use

ARGENTINA - The International Monetary Fund reiterated on 22 August that the money Argentina will receive under its new $8 billion program will go to central bank reserves, but it is then up to the country to decide how to use it.

Back to Bretton Woods

UK - The anti-globalisation protesters have a point, argues Felix Rohatyn a former US ambassador to France, in the London edition of the Financial Times, 20 August. It is time to reform the IMF and World Bank, he says.

Thailand rejects IMF interest rate advice

THAILAND - Prime Minister Thaksin Shinawatra on 17 August rebuffed an IMF suggestion that Thailand should not rule out cutting interest rates, saying rates were already low enough despite the need to boost the faltering economy.

Kenya unable to pass anticorruption legislation

US - The United States regrets Kenya was unable to pass an anticorruption bill to pave the way for receiving International Monetary Fund (IMF) aid and restarting an economy in its worst shape since the 1960s, the State Department said yesterday, 15…

Anti-globalisation protest IMF/World Bank meeting

US - Nationwide planning by anti-globalisation protesters from across the US is intensifying and becoming increasingly sophisticated in advance of next month's meetings in Washington of the World Bank and International Monetary Fund, reports the…

Warning by IMF puts BoJ under pressure

JAPAN - Pressure on the Bank of Japan to ease monetary policy at its two-day meeting that starts today has been increased considerably by the International Monetary Fund's reversal of an earlier growth forecast and its warning that Japan would enter a…

World Bank-IMF annual meet curtailed

US - The 2001 annual meetings of the World Bank and the International Monetary Fund (IMF), which were scheduled to be held in Washington between 27 September and 3 October, have been curtailed and will now be held for just two days, 29 September and 30.

Argentine contagion has not spread far says IMF

ARGENTINA - Financial distress in Argentina and Turkey has failed to spread to emerging markets in general despite a bleak outlook for investors, according to the International Monetary Fund, reports the Financial Times, London, 9 August.

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