Consensus eludes key issues at IMF-WB meet
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Save for the promise of a new plan by the year-end to resolve the long-pending issue of debt relief to poor countries, the International Monetary Fund-World Bank annual meetings have ended without any consensus on critical issues.
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The International Monetary Fund lowers its forecasts for global economic growth but does not predict a recession.
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Finance officials failed to resolve their differences over debt relief for the worldâs poorest countries and Iraq while expressing concern about the impact high oil prices would have on a strengthening global economy.
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The plan for dialogue between high-level teams meant that immediate progress on currency and trade issues was unlikely.
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Europe and Japan voiced strong concern on Saturday over the slumping dollar but the world's 20 biggest economies, nearing the end of a two-day summit, looked divided over what if anything to do about it.
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A communique from the G20 group of rich and developing countries made no explicit reference to currency swings on Sunday, despite mounting concern in Europe and Japan over a slide in the U.S. dollar to multi-year lows.
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The plan for a dialogue between high-level teams meant that immediate progress on currency and trade issues was unlikely.
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A politically contentious plan to   revamp the 61-year-old International Monetary Fund and give   rising economic powers more say will be hotly debated when   world financial leaders gather in Singapore this week and next.
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DAVOS, Jan 23 (IPS) - Movers and shakers of global business and politics  appeared crestfallen over the financial and banking crisis at the  World Economic Forum meeting that began at Davos Wednesday.
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Inflation and recession add to the list of world issues on the agenda at the World Economic Forum.
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An agreement to boost the voting   power of emerging nations in the International Monetary Fund is   just the start of a difficult process, the IMF's head said on   Wednesday, as the World Bank signaled it was ready to go the   same route.
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The International Monetary Fund's top policy-making group failed on Saturday to close divisions over debt relief for the world's poorest countries.
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Developing countries have criticised the IMF and World Bank for failing to give more decision-making power to smaller nations. Ministers from the Group of 24 (G24) developing countries made their statement
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A communique from the G20 group of rich and developing countries made no explicit reference to currency swings on Sunday, despite mounting concern in Europe and Japan over a slide in the U.S. dollar to ...
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WASHINGTON - The global economy is healthy and no major financial crises loom. Yet finance ministers meeting this week must confront uncertainties about the fight against terrorism, rising interest rates and volatile oil prices...
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The financial markets, which are recovering from recent severe turmoil, and the world economy will be a major focus of this weekend's meetings of the International Monetary Fund and the World Bank, IMF chief Rodrigo Rato said Thursday.
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MOSCOW. Sept 13 (Interfax) - The International Monetary Fund (IMF) believes the situation is right for Russia to consolidate its achievements and to continue with economic reforms, IMF First Deputy Managing