IMF Calls on Mexico to Switch Rate-Setting System
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The International Monetary Fund called on Mexico&#39;s central bank to switch to an interest-rate setting system similar to the US Federal Reserve&#39;s to make its policies more transparent and predictable.
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The government wants the International Monetary Fund (IMF) to relax its strict fiscal policies to give countries like the Philippines greater access to loans and investments.
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New York Federal Reserve President Timothy Geithner on Wednesday argued for greater exchange rate flexibility in emerging Asian economies as part of a path to economic stability.
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Global finance chiefs on Saturday called for a more broad-based effort to calm financial markets, including tighter scrutiny by the International Monetary Fund and other institutions of increasingly powerful state-owned investment funds.
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The global economy faces testing   times because of the danger of inflation, unbalanced trade   flows and deadlocked world trade talks, International Monetary   Fund chief Rodrigo Rato said on Friday.
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The head of the International Monetary Fund has urged Argentina to agree soon to pay private lenders at least part of the $100 billion in debt the country stopped paying in January 2002.
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The International Monetary Fund (IMF) urged Egypt to begin implementing a series of measures it says will help economic recovery, spur growth and raise the standard of living.
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Developing countries are agitating for greater decision-making power in the International Monetary Fund and the World Bank, but the head of the IMF acknowledged that political consensus on the question was lacking.
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The head of the International Monetary Fund on Tuesday urged developed countries to do more for Africa, including opening their markets to trade.
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Antigua needs to implement an aggressive reform program to break years of fiscal mismanagement and lift itself out of deep debt, the International Monetary Fund said Friday.
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Pacific Rim finance ministers called on   Friday for some emerging Asian economies to show greater   currency flexibility to address global imbalances and for the   group to work toward reviving world trade talks.
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How the world adapts to slowing US growth is a key issue for the global economy, the IMF says.
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The managing director of International Monetary Fund said large economic imbalances caused in part by AmericaÂs trade deficit with China and others are a threat.
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THE euro nations expressed concern overnight at sharp volatility in currency rates, and in a thinly veiled call to the US urged âall major countriesâ to put appropriate policies in place.
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The large US current account deficit is a matter of concern, and policy changes are needed to address existing global imbalances, International Monetary Fund Managing Director Rodrigo de Rato said.
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Economists say China may need to raise interest rates again in the coming months as it struggles to cool its economy and move toward free-market banking reforms.
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The International Monetary Fund has warned that rising interest rates in some of the world&#39;s biggest economies may slow global house price growth.