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Economic Organizations

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  • CAIRNS, Australia, Sept 20- Canada's finance minister said on Saturday commitments made by G20 countries came "very close" to the target of adding an extra 2 percentage points to global economic growth and he urged European governments to increase stimulus where they could.

  • CAIRNS, Australia, Sept 20- As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus. That goal has seemed ever more distant as members from China to Japan, Germany and Russia have all stumbled in recent months.

  • *Lender to halt a 67 million euro tranche for Bosnia. SARAJEVO, Sept 19- The International Monetary Fund will hold off on disbursing the next tranche of Bosnia's aid programme until the Balkan country implements agreed economic policies, most likely after the October election, a senior IMF official said on Friday.

  • Sept 19- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalize regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth. >G20 to discuss Europe, natural to turn to Germany- Canada.

  • NEW DELHI, Sept 18- India urged the Group of 20 nations on Thursday to consider creating currency swap lines to mitigate the impact on emerging economies of the expected withdrawal of the U.S.

  • As growth stalls, G20 seeks closure on regulations Thursday, 18 Sep 2014 | 1:26 AM ET

    SYDNEY, Sept 18- G20 host Australia is leading a push to draw a line under the global financial crisis, urging the group of top economies to swiftly finalise regulations aimed at preventing a repeat of the crash and focus on measures to revive sputtering global growth.

  • IMF warns of risks from "excessive" financial market bets Wednesday, 17 Sep 2014 | 4:00 PM ET

    WASHINGTON, Sept 17- The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.

  • WASHINGTON, Sept 17- The largest-ever outbreak of Ebola could drain billions of dollars from economies in West Africa by the end of next year if the epidemic is not contained, the World Bank said in an analysis on Wednesday.

  • Ukraine central bank sees economy growing 1 pct in 2015 Wednesday, 17 Sep 2014 | 5:19 AM ET

    KIEV, Sept 17- Ukraine's economy should pick up next year and grow 1.0 percent, the central bank said on Wednesday, after a sharp contraction this year due mainly to the impact of the crisis in eastern Ukraine. Ukraine has already received two disbursements under a $17 billion International Monetary Fund bailout this year.

  • LONDON, Sept 16- German 10- year yields fell back below 1 percent on Tuesday as data showed investor morale hit its lowest in nearly two years in September, suggesting tensions between Russia and the West had hit Europe's largest economy.

  • World Bank: Palestinian economy to shrink in 2014 Tuesday, 16 Sep 2014 | 4:29 AM ET

    RAMALLAH, West Bank— The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop in foreign aid, the World Bank said Tuesday.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • Eurozone economic growth forecast cut Monday, 15 Sep 2014 | 6:37 AM ET

    The Organization for Economic Cooperation and Development, a think tank dealing with the world's developed countries, cut its forecasts for the eurozone this year to 0.8 percent from 1.2 percent in its May assessment. Italy, one of the more troubled economies in Europe, was downgraded from 0.5 percent to minus 0.4 percent.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • WASHINGTON, Sept 12- The United States is planning to push Europe towards new and more aggressive efforts to boost demand and economic growth given a renewed risk of deflation in the euro zone, a senior Treasury official said on Friday.

  • IMF's Lagarde says women vital for global recovery Friday, 12 Sep 2014 | 12:46 AM ET

    TOKYO— Empowerment of women and equal opportunities are crucial for driving a stronger global economic recovery, and for revitalizing Japan, the head of the International Monetary Fund said Friday.

  • *Liberia, Sierra Leone GDP could fall sharply. WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by almost 3.5 percentage points as the world's worst outbreak of Ebola has crippled mining, agriculture and services sectors in the two West African states, the IMF said on Thursday.

  • UPDATE 1-IMF says Ebola hits economic growth in W. Africa Thursday, 11 Sep 2014 | 10:54 AM ET

    WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by as much as 3.5 percentage points as the worst-ever outbreak of Ebola has crippled the key mining, agriculture and services sectors in the two West African countries, the IMF said on Thursday.

  • IMF says Ebola hitting economic growth in W. Africa Thursday, 11 Sep 2014 | 10:30 AM ET

    WASHINGTON, Sept 11- Growth in Liberia and Sierra Leone could decline by as much as 3.5 percentage points as the worst-ever outbreak of Ebola has crippled the key mining, agriculture and services sectors in the two West African countries, the IMF said on Thursday.