Economic Organizations
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Olli Rehn, the European Union's top economic policy maker and scourge of debt-fueled budget deficits, is fed up with austerity.
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MOSCOW, Jan 17- Russia sought on Thursday to calm a' currency war' that has flared between the developed and emerging worlds and threatens to dominate Moscow's annual presidency of the Group of 20 forum.
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WASHINGTON, Jan 17- The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
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WASHINGTON, Jan 16- Portugal's economic policy and reform efforts have been "impressive," a senior official at the International Monetary Fund said on Wednesday, also warning the near-term outlook for the country was uncertain given the need for more budget cuts.
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WASHINGTON, Jan 16- Greece's economic program is moving in the right direction, the head of the International Monetary Fund said on Wednesday as the IMF agreed to disburse the next tranche of the country's rescue loan.
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WASHINGTON, Jan 15- A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013..
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A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.
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WASHINGTON, Jan 15- A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013..
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WASHINGTON, Jan 15- The World Bank sharply cut its 2013 outlook for the world economy on Tuesday, blaming an unexpectedly sluggish recovery in developed countries for holding back global growth.
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Latin American markets have been a prime target for Spanish companies because of their language advantage, and giants such as Telefonica and Banco Santander have increased their exposure there to compensate for problems in their domestic market.
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"In 2007, Spain was our primary market, but that froze in 2009," he said. " Realsec points to a glimmer of hope for the euro zone's fourth largest economy, even though the International Monetary Fund expects Spain to remain in recession through much of 2013. As domestic demand has slumped, some companies have converted themselves into exporters.
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ANKARA, Jan 15- Turkey said on Tuesday that economic growth will pick up this year to 4 percent or more and inflation will fall. The World Bank, however, warned that the country was facing a wider current account deficit.
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KAMPALA, Jan 15- Uganda's tight monetary stance to combat inflation has sharply slowed economic growth but medium-term growth will reach its potential level of 6 percent to 7 percent, the International Monetary Fund said.
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KAMPALA, Jan 15- Uganda's tight monetary stance to combat inflation has sharply slowed economic growth but medium-term growth will reach its potential level of 6 percent to 7 percent in the medium term, the International Monetary Fund said.
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CAIRO, Jan 13- Egypt hopes to resume talks with the International Monetary Fund on a crucial $4.8 billion loan soon as it struggles to prop up an ailing economy wrecked by protracted political unrest.
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BRUSSELS, Jan 11- Europe will need more spending cuts to emerge from its debt crisis despite an admission by the International Monetary Fund that cost cutting can choke economies, the EU's top economic official said on Friday.
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*Brazil aims to increase diplomatic clout with candidacy. Brazil has emerged as an economic powerhouse in the last decade, which has increased its clout in global organizations like the International Monetary Fund and United Nations.
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ABIDJAN, Jan 7- Africa's emerging nations have become a driving force for world economic growth, International Monetary Fund chief Christine Lagarde said on Monday, but armed conflicts pose the principal threat to the continent's future development.
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WASHINGTON, Jan 3- Belt-tightening in advanced economies may not be as harmful to growth now as it was during the height of the financial crisis, but governments should still be careful about drastic cuts, an International Monetary Fund research paper found on Thursday.
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PARIS, Dec 26- France should worry more about the credibility of its efforts to cut back on flab in public finances than whether or not it meets the EU's 3 percent of GDP target for the budget deficit immediately, the IMF's mission chief said on Wednesday.
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*Peru on track to lead Latin America in growth. WASHINGTON, Dec 19- Peru's economy should grow 6.3 percent this year, close to its potential, as domestic private investment offsets softer prices for exports, the International Monetary Fund said on Wednesday.