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pthakur
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Global Economic Crisis: Responses from IMF
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Fuel and Food Price SubsidiesIssues and Reform Options
Executive Directors stressed that the rapid growth of fuel and food
price subsidies following the recent surge in fuel and food prices can
have important consequences for domestic resource allocation, economic
growth, and the government budget. They noted also that price
subsidies can have significant transnational spillovers through their
impact on global warming, international prices, smuggling, and
regional pollution.
See More: http://infoclickindia.com/article.php?art_id=1605
+++++++++++++++++++++++
Fund's Response to the 2007-08 Financial Crisis and Collaboration with
the Financial Stability Forum
The present financial crisis is testing the resilience of the global
financial system as well as the robustness of national and
multilateral policy frameworks. The staff paper discussed by Executive
Directors reviews recent progress in meeting these challenges,
focusing on the role of the Fund and its collaboration with the
Financial Stability Forum.
See More: http://infoclickindia.com/article.php?art_id=1606
+++++++++++++++++++++++
IMF's Global Financial Stability Report (GFSR): October 2008
The International Monetary Fund (IMF) today said the state of the
global financial system has worsened since its last assessment in
April 2008. The ongoing deleveraging process has accelerated and
threatens to become disorderly increasing the risk a severe adverse
feedback loop between the financial system and the broader economy.
Monetary and financial conditions have tightened further, risk
appetites have continued to retrench, and global macroeconomic,
credit, market, liquidity, and emerging market risks have increased,
according to the October 2008 edition of the IMF's Global Financial
Stability Report (GFSR). The IMF also underscored the determination of
governments to respond to the challenges, but said that the
restoration of financial stability would benefit from a collective
commitment by authorities to address the challenges effectively.
See More: http://infoclickindia.com/article.php?art_id=1607
+++++++++++++++++++++++
IMF Sees Major Slowdown for Global Economy
The International Monetary Fund (IMF) warned that the world economy is
experiencing a major downturn in the face of the most dangerous
financial shock in mature markets since the 1930s, and called for
strong and coordinated actions to avoid worse-case scenarios. The
IMF's latest World Economic Outlook (WEO) projects global growth to
slow substantially in the latter part of 2008, before beginning a
modest recovery in the second half of 2009. Growth in advanced
countries will be close to zero until at least the middle of 2009,
while growth in emerging and developing countries will slow to
substantially lower rates than in the recent past. The WEO projects
global growth at around 3 percent in 2009.
See More: http://infoclickindia.com/article.php?art_id=1608
+++++++++++++++++++++++
IMF Executive Board Adopts Surveillance Priorities for 2008-2011
The SSP is designed to help the IMF deliver on its mandate to promote
international monetary and financial stability and to lay a clear
basis for monitoring and accountability. The economic priorities were
selected drawing on recent discussions of the World Economic Outlook
and Global Financial Stability Report. Operational priorities were
identified in the context of a thorough internal review of
surveillance (the 2008 Triennial Review of Surveillance), and are
intended to guide the IMF's work in order to deliver better
surveillance to members. The priorities may be revised if
circumstances so warrant.
See More: http://infoclickindia.com/article.php?art_id=1608
+++++++++++++++++++++++
Africa's Economic Success, Role of Partners
The high-level international conference, which will be held on March
10-11, 2009 in Dar es Salaam, Tanzania, will be built around the theme
"Changes: Successful Partnerships for Africa\'s Growth Challenge." It
will assemble senior policymakers and stakeholders to learn from
successful economic reforms in Africa, to examine responses to its
changing challenges, and to elaborate the evolving roles of private
sector and official partnersparticularly the IMFin supporting
African countries.
See More: http://infoclickindia.com/article.php?art_id=1609
+++++++++++++++++++++++
IMF's Poverty Reduction and Growth Facility (PRGF)
An International Monetary Fund (IMF) mission visited Abidjan from
September 25 to October 8. It reviewed implementation of the economic
program for 2008 supported by the IMF's Emergency Post-Conflict
Assistance (EPCA), approved in April 2008 in an amount equivalent to US
$66 million. The mission also held discussions on a program that could
be supported by the IMF's Poverty Reduction and Growth Facility
(PRGF), the concessional facility for low-income countries. Staff from
the World Bank and the African Development Bank participated in the
discussions. The mission held discussions with Minister of Finance
Diby, Minister of Planning and Development Bouabré, other senior
officials, and representatives of civil society, donors, and the
business community. It was received by Prime Minister Soro at the
end.
See More: http://infoclickindia.com/article.php?art_id=1611
+++++++++++++++++++++++
IMF Managing Director Strauss-Kahn Urges Quick, Forceful, and
Cooperative Actions To Tackle the Global Economic and Financial
Downturn
The world must act quickly, forcefully and cooperatively to contain
the ongoing financial and economic downturn, Dominique Strauss-Kahn,
Managing Director of the International Monetary Fund (IMF), said today
in an address at the Peterson Institute for International Economics.
Speaking at the institute's "The Euro At 10: the Next Global
Currency?" conference, Mr. Strauss-Kahn noted that turmoil in
financial markets has become a crisis of confidence, requiring
decisive government intervention.
See More: http://infoclickindia.com/article.php?art_id=1612
+++++++++++++++++++++++
Next Generation Financial Reforms for India
India has grown by leaps and bounds in recent years and is emerging as
a major world economic power. After lumbering along at a pace of about
4-5 percent GDP growth a year in the 1980s and the 1990s, the economy
has surged in this decade, posting an average annual growth of 8.5
percent since 2005 (see Chart 1). The challenge now is to maintain
this growth momentum and provide benefits as well as economic
opportunities to a broad swath of the population.
See More: http://infoclickindia.com/article.php?art_id=1613
+++++++++++++++++++++++
World Economic Outlook (WEO): 2008
The world economy is facing a major downturn. While there is
exceptional uncertainty at this point, our best forecast is that world
growth will be around 3 percent in 2009. Now, that number may not
sound so bad. It hides, however, important differences between
advanced countries, on the one hand, and emerging and developing
countries on the other. We project that growth in advanced countries
will be very close to zero or even negative until at least the middle
of 2009, with a slow recovery during the rest of the year.
See More: http://infoclickindia.com/article.php?art_id=1614
------------------------------------------------------------------
Fuel and Food Price SubsidiesIssues and Reform Options
Executive Directors stressed that the rapid growth of fuel and food
price subsidies following the recent surge in fuel and food prices can
have important consequences for domestic resource allocation, economic
growth, and the government budget. They noted also that price
subsidies can have significant transnational spillovers through their
impact on global warming, international prices, smuggling, and
regional pollution.
See More: http://infoclickindia.com/article.php?art_id=1605
+++++++++++++++++++++++
Fund's Response to the 2007-08 Financial Crisis and Collaboration with
the Financial Stability Forum
The present financial crisis is testing the resilience of the global
financial system as well as the robustness of national and
multilateral policy frameworks. The staff paper discussed by Executive
Directors reviews recent progress in meeting these challenges,
focusing on the role of the Fund and its collaboration with the
Financial Stability Forum.
See More: http://infoclickindia.com/article.php?art_id=1606
+++++++++++++++++++++++
IMF's Global Financial Stability Report (GFSR): October 2008
The International Monetary Fund (IMF) today said the state of the
global financial system has worsened since its last assessment in
April 2008. The ongoing deleveraging process has accelerated and
threatens to become disorderly increasing the risk a severe adverse
feedback loop between the financial system and the broader economy.
Monetary and financial conditions have tightened further, risk
appetites have continued to retrench, and global macroeconomic,
credit, market, liquidity, and emerging market risks have increased,
according to the October 2008 edition of the IMF's Global Financial
Stability Report (GFSR). The IMF also underscored the determination of
governments to respond to the challenges, but said that the
restoration of financial stability would benefit from a collective
commitment by authorities to address the challenges effectively.
See More: http://infoclickindia.com/article.php?art_id=1607
+++++++++++++++++++++++
IMF Sees Major Slowdown for Global Economy
The International Monetary Fund (IMF) warned that the world economy is
experiencing a major downturn in the face of the most dangerous
financial shock in mature markets since the 1930s, and called for
strong and coordinated actions to avoid worse-case scenarios. The
IMF's latest World Economic Outlook (WEO) projects global growth to
slow substantially in the latter part of 2008, before beginning a
modest recovery in the second half of 2009. Growth in advanced
countries will be close to zero until at least the middle of 2009,
while growth in emerging and developing countries will slow to
substantially lower rates than in the recent past. The WEO projects
global growth at around 3 percent in 2009.
See More: http://infoclickindia.com/article.php?art_id=1608
+++++++++++++++++++++++
IMF Executive Board Adopts Surveillance Priorities for 2008-2011
The SSP is designed to help the IMF deliver on its mandate to promote
international monetary and financial stability and to lay a clear
basis for monitoring and accountability. The economic priorities were
selected drawing on recent discussions of the World Economic Outlook
and Global Financial Stability Report. Operational priorities were
identified in the context of a thorough internal review of
surveillance (the 2008 Triennial Review of Surveillance), and are
intended to guide the IMF's work in order to deliver better
surveillance to members. The priorities may be revised if
circumstances so warrant.
See More: http://infoclickindia.com/article.php?art_id=1608
+++++++++++++++++++++++
Africa's Economic Success, Role of Partners
The high-level international conference, which will be held on March
10-11, 2009 in Dar es Salaam, Tanzania, will be built around the theme
"Changes: Successful Partnerships for Africa\'s Growth Challenge." It
will assemble senior policymakers and stakeholders to learn from
successful economic reforms in Africa, to examine responses to its
changing challenges, and to elaborate the evolving roles of private
sector and official partnersparticularly the IMFin supporting
African countries.
See More: http://infoclickindia.com/article.php?art_id=1609
+++++++++++++++++++++++
IMF's Poverty Reduction and Growth Facility (PRGF)
An International Monetary Fund (IMF) mission visited Abidjan from
September 25 to October 8. It reviewed implementation of the economic
program for 2008 supported by the IMF's Emergency Post-Conflict
Assistance (EPCA), approved in April 2008 in an amount equivalent to US
$66 million. The mission also held discussions on a program that could
be supported by the IMF's Poverty Reduction and Growth Facility
(PRGF), the concessional facility for low-income countries. Staff from
the World Bank and the African Development Bank participated in the
discussions. The mission held discussions with Minister of Finance
Diby, Minister of Planning and Development Bouabré, other senior
officials, and representatives of civil society, donors, and the
business community. It was received by Prime Minister Soro at the
end.
See More: http://infoclickindia.com/article.php?art_id=1611
+++++++++++++++++++++++
IMF Managing Director Strauss-Kahn Urges Quick, Forceful, and
Cooperative Actions To Tackle the Global Economic and Financial
Downturn
The world must act quickly, forcefully and cooperatively to contain
the ongoing financial and economic downturn, Dominique Strauss-Kahn,
Managing Director of the International Monetary Fund (IMF), said today
in an address at the Peterson Institute for International Economics.
Speaking at the institute's "The Euro At 10: the Next Global
Currency?" conference, Mr. Strauss-Kahn noted that turmoil in
financial markets has become a crisis of confidence, requiring
decisive government intervention.
See More: http://infoclickindia.com/article.php?art_id=1612
+++++++++++++++++++++++
Next Generation Financial Reforms for India
India has grown by leaps and bounds in recent years and is emerging as
a major world economic power. After lumbering along at a pace of about
4-5 percent GDP growth a year in the 1980s and the 1990s, the economy
has surged in this decade, posting an average annual growth of 8.5
percent since 2005 (see Chart 1). The challenge now is to maintain
this growth momentum and provide benefits as well as economic
opportunities to a broad swath of the population.
See More: http://infoclickindia.com/article.php?art_id=1613
+++++++++++++++++++++++
World Economic Outlook (WEO): 2008
The world economy is facing a major downturn. While there is
exceptional uncertainty at this point, our best forecast is that world
growth will be around 3 percent in 2009. Now, that number may not
sound so bad. It hides, however, important differences between
advanced countries, on the one hand, and emerging and developing
countries on the other. We project that growth in advanced countries
will be very close to zero or even negative until at least the middle
of 2009, with a slow recovery during the rest of the year.
See More: http://infoclickindia.com/article.php?art_id=1614