World Bank says Czech fund regulation better but sees weaknesses
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PRAGUE- The Czech Republic has boosted laws regulating the capital market and collective investment, but it still shows some weaknesses in the protection of small investors, the World Bank has said in an ...
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Global economic growth is likely to be dampened by the turbulence on world markets, the IMF says.
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Financial Times, 29 September 2004 - Developing countries must take action to reduce corruption and cronyism in order to improve investment climates and promote growth and poverty reduction, the World Bank said yesterday.
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World finance ministers said they would scrutinize the sector closely with an eye toward encouraging more self-regulation.
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Central bank joins with counterparts in other countries to get funds into the financial system.
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WASHINGTON, Aug 17  - The International Monetary Fund said on Tuesday the near-term economic outlook for the Czech Republic, a European Union newcomer, was favorable with growth expected to strengthen.
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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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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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European Central Bank (ECB) Governing Council member Christian Noyer said in an interview released on Sunday euro zone growth might be weaker than hoped as a result of market turmoil but he saw no "big setback".
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POTSDAM, Germany  - Robert Zoellick, slated to replace Paul Wolfowitz as president of the World Bank, must move swiftly to restore confidence in the poverty-fighting institution, France's foreign minister said on Wednesday.
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Slower global economic growth has  increased risks for developing countries, especially if the  record levels of private capital that has flowed into these  markets is reversed, the World Bank said on Tuesday.
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The World Bank on Tuesday chastised rich countries for not giving enough to fund global environmental protection and warned that overall progress in meeting global environmental targets was "alarmingly slow."
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Turbulence in world credit markets illustrates the dangers of globally-linked financial sectors and the need for the International Monetary Fund to sharpen its role as overseer of the world's financial system, IMF Managing Director Rodrigo Rato said on Thursday.
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LONDON, Sep 15 (IPS) - ? The British government statement that it is    withholding some funds from the World Bank has drawn conditional    praise from aid agencies.
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Four developing nations, including China, could have a greater say in the workings of the IMF, a report says.
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Finance ministers on Monday endorsed   a controversial new World Bank strategy for tackling corruption   in developing countries but said they would keep a close eye on   how it is carried out.
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Divisions over the World Bank's  handling of corruption burst into the open on Monday ahead of a  vote on governance reforms likely to expose deep fault lines at  the bank's sister agency, the International Monetary Fund.