IMF policymakers to launch sweeping reform process
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International Monetary Fund policymakers are expected Sunday to back a sweeping reform movement at the 61-year-old institution, giving emerging market nations a stronger voice and expanding the scope of its operations.
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An IMF team has lined up a visit to Zimbabwe to assess the state of the economically-ravaged nation ahead of a key meeting in Washington on its possible expulsion for arrears.
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The Indian government is planning legislation to modernise the country's banking sector.
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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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Chinaâs central bank said it would gradually promote reforms of the yuanâs exchange rate regime and improve its foreign exchange management this year.
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LONDON, Feb 5 (IPS) - In response to a massive civil society campaign   spearheaded by Nelson Mandela to make poverty history, G7  finance  ministers agreed Saturday to examine debt relief for the  poorest  countries on a ''case-by-case''  basis.
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WASHINGTON, Oct 2  - IMF policymakers, gathering under heavy police guard, went behind closed doors here Saturday to assess near-term global economic prospects threatened by rising oil prices.
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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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Business: 30 November 2004, Tuesday. Bank lending growth and budget 2005 are expected to dominate talks between Bulgarian authorities and the IMF mission, which starts its visit here on Wednesday.
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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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The annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington later this week should be anything but routine.
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The International Monetary Fund's board said on Monday any country could nominate a candidate to succeed IMF Managing Director Rodrigo Rato, throwing open to worldwide competition a job customarily given to Europeans.
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Pressure is building on European countries to seriously consider forming a single voice within the IMF after the financial institution decided to give more say to emerging economic powers, experts said.
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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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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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Global finance chiefs on Saturday made progress on reforms that would give emerging economies a greater say in the International Monetary Fund and expressed confidence they could seal a deal next year.
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Beijing. (Interfax-China) - China will speed up economic restructuring and reform and the adoption of market-based systems. Meanwhile, China will continue to maintain its open-door policies and meeting its