IMF: Myanmar politics setback for economy
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The ousting of Myanmar&#39;s prime minister bodes ill for the country&#39;s economic prospects, the International Monetary Fund cautioned Wednesday.
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The International Monetary Fund says emerging economies will not be immune from a slowdown among wealthier nations.
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Myanmar's junta leader on Tuesday accused western countries of using sanctions to derail the military's "road map" to democracy, as the regime prepares for a constitutional referendum.
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The IMF says that global economic growth is likely to be dampened by the turbulence which has swept world markets.
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International Monetary Fund (IMF) managing director Rodrigo de Rato said that formidable challenges existed in South Africa&#39;s economy and that the country needed to increase its growth rate for unemployment to erode.
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BANGKOK, Thailand - Myanmar's secretive military regime has forced out its prime minister, seen as a relative pragmatist, and replaced him with a general who has taken a hard line in dealing with the country's pro-democracy movement.    Myanmar's state radio and television announced Tuesday that Prime Minister Gen...
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Investors were concerned that a slowing U.S. economy could spell trouble for Asiaâs export-dependent economies.
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Gaining leverage over Myanmarâs self-sufficient, insular junta is proving as hard as it sounds.
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The price of gold falls after the IMF said it will look at ways of using its gold reserves to provide debt relief for poor nations.
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Cambodia&#39;s economy will slow down significantly next year due to losses in the garment sector - the country&#39;s main economic engine - although gains in tourism may help offset the downward tumble, the World Bank said Tuesday.
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BANGKOK, Thailand - One of the few unchallenged accomplishments of Myanmar&#39;s military junta - securing peace with the country&#39;s armed ethnic rebel groups - may be in jeopardy after Prime Minister Gen.
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Iraq's government has made laudable efforts to stabilize the economy but progress remains hostage to the worsening violence, the International Monetary Fund said.
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The IMF warns that the global credit crunch will lower economic growth next year, with the US hardest hit.
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One of the few unchallenged accomplishments of Myanmar&#39;s military junta - securing peace with the country&#39;s armed ethnic rebel groups - may be in jeopardy after Prime Minister Gen.
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It is now more than obvious that developments in Myanmar have taken a sad turn. The harden- ing of the junta&#39;s position does not augur well for future United Nations involvement.
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Myanmar's foreign minister sought to reassure diplomats Thursday that the military government's plans for democratization would remain unchanged under a new prime minister who is believed to espouse a hard line in dealing with the pro-reform movement.
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The ouster of Myanmar's prime minister,  architect of a tentative "roadmap to democracy," has dashed  faint hopes for an end to military rule and leaves Southeast  Asia's policy of constructive engagement in tatters.