December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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November 15, 2011
International Monetary Fund chief Christine Lagarde (L) shakes hands with China’s Prime Minister Wen Jiabao during a meeting in Beijing on November 9, 2011. China’s financial system is at risk from bad loans, booming private lending and sharp falls in property prices, the International Monetary Fund warned Tuesday, as it called for sweeping reforms. In [...]
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September 22, 2011
Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe’s sovereign debt crisis risks tearing a giant hole in banks’ capital. The Greek cabinet agreed to cut high pensions by 20 percent, put 30,000 civil servants [...]
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July 26, 2011
Greek Finance Minister Evangelos Venizelos (pictured) has said that US support is vital for Greece, after a day of Washington meetings as Athens pushed to finalize its second massive international bailout. Greek Finance Minister Evangelos Venizelos has said that US support is vital for Greece, after a day of Washington meetings as Athens pushed to [...]
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July 13, 2011
The Vietnamese central bank’s decision to cut its repurchase rate last week may call into question the government’s determination to fight inflation, the International Monetary Fund said. The State Bank of Vietnam lowered the repo rate for the seven-day term on July 4 to 14 percent from 15 percent. The central bank had boosted [...]
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May 16, 2011
IMF head Dominique Strauss-Kahn (C) leaves a police station in New York in handcuffs on May 15. IMF chief Dominique Strauss-Kahn was due to appear before a judge Monday as he fought charges of attempting to rape a hotel chambermaid, a scandal likely to end his dream of becoming France’s president. The veteran French politician, [...]
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January 28, 2010
The International Monetary Fund (IMF) said Tuesday the global economy is recovering faster than previously anticipated and will grow 3.9 percent this year and 4.3 percent in 2011. The IMF said it had revised upwards its earlier forecast for global growth by 0.75 percentage point from the October 2009 forecast.RECOVERY SLUGGISH IN ADVANCED ECONOMIESBut the [...]
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January 14, 2010
Vietnam needs to improve its balance of payments and increase confidence in the dong to strengthen economic growth to at least 6 percent this year, the International Monetary Fund said. The economy expanded at a decade-low pace of 5.3 percent last year. The country recorded a trade deficit of US$12.25 billion in 2009 after posting [...]
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January 3, 2010
Two workers at a bridge construction site in Ho Chi Minh City. Bouncing off an emerging global recovery, Vietnam expects positive economic changes in 2010, specifically export and foreign direct investment (FDI) growth. Policy makers, however, are still weary of the many challenges the developing country faces, not the least of which is the threat [...]
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December 3, 2009
Vietnamâs foreign-exchange reserves have declined to less than two-and-a-half-months worth of imports, the International Monetary Fund said Thursday. A decline in foreign-exchange reserves has increased the risk of a balance of payments crisis in Vietnam, Moodyâs Economy.com said in a Dec. 1 report, which estimated reserves at about $16.5 billion, less than three months of [...]
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