IMF's gloomy view

2009-4-22 | NEWSPAPER EDITION

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 of US$2.7 trillion.

The US$2.7-trillion estimate for the US was nearly double the IMF's projection just six months ago.

IMF is panned by PBOC governor

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...