GCC seeks observer status at IMF committee meetings
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JEDDAH, Saudi Arabia  - The six-nation Gulf Cooperation Council (GCC) sought observer status at meetings of the International Monetary and Financial Committee (IMFC), part of the International Monetary Fund (IMF).
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Powerful signal of international and Arab support for independent state at donor conference
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Finance chiefs from the biggest  developing economies on Saturday pushed the Group of Seven (G7)  industrialized nations for a seat at the high table of global  economic policy making.
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In addition to the differences between Bahrain and Saudi Arabia, the GCC&#39;s 25th summit is expected to discuss the reflections of the political and security situations in Iraq on the region and several security, political and economic issues including
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Finance Minister P Chidambaram will lead a high-level delegation for the annual IMF-World Bank meeting in Washington from October 1, where New Delhi would press for higher aid flows for infrastructure and social development.
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Global finance chiefs sought on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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With no major economic crises brewing, the head of the International Monetary Fund on Saturday urged world financial leaders to seize the period of calm as a time to tackle weak spots in their economies.
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WASHINGTON - Finance officials failed to resolve their differences over debt relief for the world's poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.    The ministers and central bank governors attended weekend steering committee meetings of the International Monetary Fund and the World Bank before heading into a session involving all 184 member nations of the two lending organizations on Sunday, the final day of talks...
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An IMF team will visit Harare next month for an assessment mission that could lead to the expulsion of debt-ridden Zimbabwe from the global lending body.
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A meeting of the oil producers' group in Vienna will consider whether to boost output to rein in price rises, Saudi officials say.
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By Sabyasachi Mitra and Natsuko Waki LONDON  - Finance chiefs from the biggestdeveloping economies on Saturday pushed the Group of Seven (G7)industrialized nations for a seat at the high table of globaleconomic policy making.
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The finance ministers and central bankers of the world's seven wealthiest countries met with their counterparts from the world's fastest growing economies on Saturday as clues about the group's planned communique became more apparent.
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Bahraini Foreign Minister Sheikh Mohammed bin Mubarak Al-Khalifa (C) delivers the opening speech at the Gulf Cooperation Council (GCC) foreign ministers meeting in Manama, December 19.
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Global finance chiefs sought a way on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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Finance chiefs from the biggest developing economies on Saturday pushed the Group of Seven (G7) industrialised nations for a seat at the high table of global economic policy making.
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World finance ministers said they would scrutinize the sector closely with an eye toward encouraging more self-regulation.
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URGENT action is needed to ensure sky-high oil prices do not derail the global economic recovery, the International Monetary Fund said yesterday.