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IMF looks into possible bank insurance charge for bailouts

Business | Banking
2009-11-10

THE International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF Managing Director Dominique Strauss-Kahn said on Sunday. He said such a tax...

China key to Asia: IMF

Business | Macro-economy and policy
2009-10-2

THE International Monetary Fund forecast yesterday that China will lead Asia out of economic recession with growth of 8.5 percent this year and 9 percent in 2010. In its World Economic Outlook report, the IMF cited...

Developing nations must have greater say: China

National
2009-9-16

CHINA wants the G20 summit next week to throw its support behind an increased role for developing countries in the International Monetary Fund and the World Bank, two officials said yesterday. In a briefing to...

IMF chief sees signs of early recovery

Business | Macro-economy and policy
2009-9-9

ECONOMIC recovery may come three months earlier than forecast, the head of the International Monetary Fund has said, but policy makers warned it may not last if governments reversed stimulus programs too early. "For...

China buys US$50b in IMF initial bond issue

Business | Macro-economy and policy
2009-9-4

CHINA has agreed to buy US$50 billion worth of the International Monetary Fund's first bond issue to diversify the country's foreign reserves and boost the organization's lending strength as it works to speed recovery...

Developing nations in G8 call

Business | Macro-economy and policy
2009-7-6

CHINA will likely push for a bigger voice for developing countries in international monetary policy at the G8 meeting in Italy this week, but a top Chinese diplomat said it won't be raising its proposal for a new...

IMF's gloomy view

Business | Macro-economy and policy
2009-4-22

THE International Monetary Fund yesterday said financial institutions around the world could suffer more than US$4 trillion in losses from the global credit crisis with the United States leading the way with a total...

IMF is panned by PBOC governor

Business | Macro-economy and policy
2009-4-20

THE International Monetary Fund failed to sound the alarm or give a diagnosis, let alone any remedy, when financial problems first occurred in developed countries, said Zhou Xiaochuan, governor of the People's Bank...

IMF head shares the good news

Business | Macro-economy and policy
2009-4-7

THE head of the International Monetary Fund said in an interview published yesterday that some of the US$1.1 trillion in funds pledged by the Group of 20 leaders could be available within weeks. Dominique Strauss-Kahn,...

Norway offers to boost IMF with funds

Business | Macro-economy and policy
2009-3-30

NORWAY said on Saturday that it has offered to boost the International Monetary Fund with up to 30 billion Norwegian kroner (US$4.6 billion) in a move to help struggling countries, such as neighboring Iceland and Latvia,...