IMF reform, World Bank graft plan both approved
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The International Monetary Fund   overwhelmingly approved a plan on Monday to boost the voting   shares of China and three other emerging economic giants to   better reflect their clout in the world economy.
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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 on  Wednesday approved $436 million in emergency lending to Iraq  and said it hoped its backing would generate additional  international economic support, including debt relief.
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SINGAPORE, Sept. 18 -- The International Monetary Fund on Monday shifted a slice of the power over its governance to China, Mexico, Turkey and South Korea, while agreeing to adjust the balance further over the next two years to increase the influence of underrepresented and poor nations.
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Reforms of the IMF's voting and financial structures give China and other emerging economies more influence.
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African nations have taken big  strides in reducing corruption over the past 10 years, the World Bank says.
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The International Monetary Fund (IMF) says that the Jamaican authorities have succeeded in stabilising the economy and restoring market confidence - after last year&#39;s foreign currency instability - but warns that the huge public debt remains an area of ...
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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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The International Monetary Fund approved a $436 million loan to Iraq on Wednesday, a milestone in the nation's effort to normalize its finances and rebuild its economy.
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Central bank joins with counterparts in other countries to get funds into the financial system.
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The German finance ministry has said it supports French socialist politician Dominique Strauss-Kahn as a candidate for the post of head of the International Monetary Fund.
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The International Monetary Fund took a first step yesterday toward retooling itself to reflect major changes in the global economy, agreeing to increase the power that several fast-growing countries have over its policies and promising to boost their clout more in the next two years.
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WASHINGTON With public pledges and in private conversations, Britain managed over the weekend to move the United States closer to full forgiveness of the debts of the poorest countries during the annual meetings of the World Bank and the International
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A spokesman for the People&#39;s Bank ofChina (POC) said Friday that the central bank welcomes the effortsmade by the International Monetary Fund (IMF) in its staff report for 2004 Article IV consultation with the People&#39;s
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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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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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The U.S. Senate on Friday approved a  United Nations convention to fight corruption and enhance  international cooperation in investigations and prosecutions.