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Spain's ex-Economy Minister is MD of IMF

The International Monetary Fund on Tuesday elected Spanish former Economy Minister Rodrigo Rato as its new managing director that maintains the tradition of a European heading the 184-nation global lender.


IMF: China slowdown won’t hit region badly

A MANAGED slowdown in China#146;s economic growth rates will only have a moderate effect on the region contrary to the fears in the stock markets, an official of the International Monetary Fund (IMF) said.


North-east China could be a stepping stone for Malaysians

GIVEN its plentiful natural resources and relatively untapped market, north-east China could be a stepping stone for Malaysian entrepreneurs to gain access to the mainland, said the Associated Chinese Chambers of Commerce and Industry (ACCCIM) president Tan Sri William Cheng.


Tapping potential of north-east China

AFTER more than a decade of rapid economic progress in the coastal and southern areas, the Chinese government has recently decided to shift its focus to the north-east region, apart from stepping up efforts to develop the inner part of the mainland.


Fiscal cushions important to counter financial shocks

The International Monetary Fund (IMF) has advised countries to build fiscal cushions that will help them to withstand financial shocks.


IMF official: Global economic outlook positive

THE outlook for the global economy is positive, with most economies projected to post firm growth rates, thanks to renewed strength in the US economy, said Charles Adams, IMF's assistant director for the Asia-Pacific region.


IMF urges caution in China

B>BEIJING:/BLoosening capital controls in China too quickly would be a risk to the financial system, a senior International Monetary Fund official said yesterday.


IMF not revising growth forecast

Higher oil prices are not expected to harm the global economy, the International Monetary Fund's (IMF) new managing director Rodrigo Rato said.


South fights for ‘policy space’

The United Nations Conference on Trade and Development meeting this week in Sao Paulo will discuss the problems and prospects that developing countries face in a rapidly globalising world. Developing countries say their freedom to have policies promoting development is being curbed by too many global rules that work against them.


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