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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UNITED STATES WASHINGTON -- The United States and its major economic allies struggled yesterday to resolve deep differences over how to relieve the heavy debt burden for Iraq and the world's poorest countries. Debt relief and broader topics of international finance topped the agenda for finance officials attending committee meetings of the International Monetary Fund and the World Bank. Treasury ...
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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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Nearly a decade ago, the International Monetary Fund drew rebukes for prescribing drastic reforms during the Asian economic crisis that erupted in 1997. Today, the IMF is again battling controversy, with some saying its efforts to give more say to emerging economies are not enough.
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Most of the Group of Seven rich nations'  finance ministers expressed doubts at this weekend's meeting on  Britain's proposed international financing facility, Canadian  Finance Minister Ralph Goodale said on Sunday, contrary to  British assertions to the contrary.
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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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Anti-poverty and anti-globalisation campaigners meeting at a parallel forum to counter the G8 summit on Wednesday took industrialised nations to task over unfulfilled pledges made two years ago to the world&#39;s poorest.
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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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Rich nations failed to agree at meetings this weekend on a plan for canceling the debts the world&#39;s poorest countries owe to the World Bank and International Monetary Fund.
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With no major economic crises brewing, the head of the International Monetary Fund on Saturday urged world financial leaders to seize the period of calm as a time to tackle weak spots in their economies.
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Passage of a proposal to reform the voting structure of the 184-nation International Monetary Fund appeared likely Monday despite opposition from several member countries.
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Watchdog development groups accused the World Bank and the International Monetary Fund (IMF) Wednesday of doing too little to help the global battle against HIV/AIDS, but the two institutions responded that they are at the forefront of the struggle.
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Some world leaders say they will not be pressured into following economic policies prescribed to them.
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The upcoming Group of 20 meeting of finance chiefs from advanced and developing nations is not a forum for discussion of currency issues, US Treasury Secretary John Snow said amid a swirling debate over the ...
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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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Any hopes for a global policy response to U.S. recession fears, global market turmoil and exchange rates will likely go unanswered when Group of Seven finance heads meet in Tokyo on Saturday.
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Global finance chiefs meet in Washington amid concerns about the world's economic outlook.