UPDATE 2-IMF policy-makers fail to agree on debt relief
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The International Monetary Fund&#39;s top policy-making group on Saturday failed to close divisions over debt relief for the world&#39;s poorest countries.
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EU finance ministers failed for the second time in a month to reach an agreement on reforming alcohol tax as the beer-loving Czech Republic dug in to oppose higher rates.
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Talks on rebalancing voting power in  the International Monetary Fund start on Monday with some major  emerging economies already complaining that an opening proposal  fails to clearly spell out changes needed to give them more say  in the institution.
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Europe and Japan failed yesterday to persuade the United States to address the decline in the dollar, despite talks at a fractious meeting of the Group of 20 industrialised and developing nations.
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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 annual meeting of World Bank and IMF failed to arrive at a consensus in giving more powers to developing countries in decision-making besides increasing aid flow for reducing poverty.
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Talks on rebalancing voting power in the International Monetary Fund start on Monday with some major emerging economies already complaining that an opening proposal fails to clearly spell out changes needed to give them more say in the institution.
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In the face of sharp disagreements between Argentina and the International Monetary Fund (IMF), on August 8 the Argentine government decided to temporarily suspend negotiations with ...
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Argentina&#39;s postponement of its International Monetary Fund loan program was &quot;very unadvisable&quot; as the country tries to regain access to international credit markets, a global banking group said on Tuesday.
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The Institute of International Finance, the leading association of global financial institutions, has called for urgent action by finance ministers and the International Monetary Fund to help resolve the stand-off between Argentina and the holders of its
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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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UK Chancellor of the Exchequer Gordon Brown said no deal has been reached on how to clear the debts of the world&#39;s poorest nations, a debate that has divided the UK and US governments.
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Bulgaria is reluctant to forgive much of a $1.7 billion debt that Iraq owes it, the Ministry of Finance said Monday.
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The International Monetary Fund denied on Thursday that its relationship with Argentina was growing increasingly tense, insisting instead that talks were continuing with the country&#39;s leaders.
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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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The International Monetary Fund said Friday China remains reluctant to float its currency. In its discussions with Chinese authorities about the country&#39;s economy, the IMF said
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BEIJING, Dec. 15 -- China today declined to make any firm commitments regarding changes to its exchange rate, despite continuous pressure from U.S. officials over two days of high-level strategic economic talks.