International Monetary Fund (IMF)
Indonesia's Ramli to meet IMF's Fischer next week
Indonesia's chief economics minister, who has complained the International Monetary Fund was pushing Jakarta too hard on some reforms, said on Friday Feb 16, 2001 he would meet the IMF's first deputy managing director next week. Rizal Ramli played down…
IMF Moscow talks progress, stop short of approval
The International Monetary Fund said on Feb 16, 2001 its latest talks did not attain the approval Russia needed to start negotiations on restructuring Paris Club debt. Its discussions in Moscow had yielded "significant progress", however. Officials had…
IMF publishes codes for transparency
The International Monetary Fund (IMF) has established a section on its public website (http://www.imf.org/hrd/index.htm) dedicated to highlighting guidelines and issues related to staff ethics, financial disclosure and dispute resolution.
O'Neill signals hands-off stance on world economy
Paul O'Neill, the U.S. Treasury secretary, on Feb 14, 2001 indicated the new Bush administration would take a strongly skeptical view of official intervention in global markets to help stabilize the world economy, the Financial Times reported in its Feb…
What's wrong with central bank websites?- S. Hanke
For a start, there are not enough of them, say Professor Hanke and Michael Morgenstern of John Hopkins University. They name the laggards who do not have websites at all - not all of them by any means among the poorest or least developed. The authors…
IMF's Koehler sees Europe 2001 growth exceeding US
International Monetary Fund Managing Director Horst Koehler said on Feb 15 he saw European GDP growth in 2001 of some three percent against two percent expected for the United States. In a wide-ranging conversation with Italian business daily Il Sole 24…
Vietnam seeks US$500m IMF loan
Vietnam is seeking an emergency loan from the International Monetary Fund to help pay for a US$1.5 billion (S$2.6 billion) programme to restructure its debt-ridden banking sector. The country is negotiating a US$500 million loan package with the IMF,…
China rises to 8th in IMF vote rankings - cbank
China has risen in rankings to eighth from 11th in terms of capital provided to the International Monetary Fund, state media reported on Feb 13, 2001, citing a central bank spokesman. The elevation follows executive approval of an increase in China's…
IMF team to review Ecuador's dollarization process
A team from the International Monetary Fund will arrive in Ecuador in the next few days to review the progress of the dollarization process implemented by the country in 2000. The three-member IMF team will stay in Ecuador for about 15 days, analyzing…
IMF-WB-ADB in bailout package for Sri Lanka
Sri Lanka has been promised a bailout package from the International Monetary Fund, World Bank and the Asian Development Bank (ADB) to help shore up depleted foreign exchange reserves, Central Bank officials said. The officials, who declined to be named,…
Jakarta sticks to controversial c.bank law changes
Indonesia said on Feb. 12, 2001 it would stick to proposed amendments to the central bank law that would effectively sack the existing board of governors, a move expected to add pressure to already strained relations with the IMF. The International…
IMF reviews Pakistan performance for standby loan
Pakistan began talks with an International Monetary Fund mission on Feb. 8, 2001 keen to convince it that a revenue shortfall should not prevent payment of a second tranche of a standby loan, officials and analysts said. Analysts said the mission, led by…
IMF mission to meet Brazilian ministers
An International Monetary Fund (IMF) mission that recently arrived in Brazil will meet the Brazilian Minister of Finance Pedro Malan. The IMF mission, which will stay in Brazil until Feb. 16, 2001 has planned a meeting on Feb. 14 with Martus Tavares, the…
IMF warns on UK's euro plight
Britain's record as a high inflation country meant that the price of joining the single currency would be higher taxes or curbs on public spending, the International Monetary Fund warned on Feb. 6.Fuelling the intense political row over the euro, the…
IMF urges South Korea to fine-tune fiscal reform
Despite meeting international standards, the government needs to work harder to improve its fiscal transparency by being more specific in its fiscal reports and by simplifying its tax system, the International Monetary Fund (IMF) said on Feb 6, 2001.The…
IMF concerned on Bank Indonesia govt bond buying
Indonesia's chief economics minister said on Feb 5 the International Monetary Fund had objected to an amendment to the central bank law that would allow the institution to buy government bonds in the primary market. "The IMF disagreed...the central bank…
IMF says Norway economy to grow 2.4% in 2001
The International Monetary Fund said on Feb. 5, 2001, it foresaw continued good growth for Norway, the world's second-largest oil exporter, this year although at a slightly more modest clip than in 2000.The Fund expected Norwegian gross domestic product…
IMF praises Moldova, promises to extend $12m Feb
The International Monetary Fund praised Moldova's government policies on Feb. 2, 2001, and said it would disburse the next $12 million tranche in February 2001, the head of the IMF monitoring mission said. "All objectives of the programme are met,"…
IMF says ECB right to wait for more info on rates
The European Central Bank should wait for more information about core inflation in the euro zone and the growth outlook for the U.S. economy before cutting interest rates, the International Monetary Fund said. In a statement on euro-zone economic…
IMF says Canada must be wary as U.S. slows
The International Monetary Fund said on Feb. 1, 2001, that Canada was well placed to cope with a slowing U.S. economy, but told its central bank to be ready to cut interest rates if the U.S. slowdown became a dive. In its annual staff assessment of the…
Turkish cbank meets asset targets under IMF plan
The Central Bank of Turkey on Feb 1 said it has comfortably achieved the net domestic assets target (NDA), and net international reserve levels it committed to under its anti-inflation program agreed with the International Monetary Fund. The bank said in…
IMF OKs Colombia's 2001 economic program- fin min
The International Monetary Fund has approved Colombia's 2001 economic program, including a higher budget deficit goal of 2.8% of the gross domestic product, Finance Minister Juan Manuel Santos said Jan. 30, 2001. "The agreement basically consists of a…
IMF to start exploratory talks with Romanian govt
The IMF will visit Bucharest in early February to discuss with the newly elected Romanian Prime Minister Adrian Nastase how he plans to reduce inflation, restructure state-owned industries and create a healthier financial-banking system, the daily…
Russia cbank chief sees few results from IMF visit
Russia's central bank chief said on Jan. 27, 2000, he expected little from a visit to Moscow by an IMF mission next week, although agreement with the Fund is needed for Russia to start restructuring talks with the Paris Club. He also saw no reason why…