GO
Loading...

Economic Organizations

More

  • WASHINGTON, Feb 26- Income inequality can lead to slower or less sustainable economic growth, while redistribution of income, when measured, does not hurt and can even help an economy, IMF staff found in a research study released on Wednesday.

  • SYDNEY, Feb 24- The Group of 20' s proposal to lift economic activity by 2 percent over the next five years has so many holes in it, there's no wonder it was the first official target that all members felt happy to agree on. The International Monetary Fund has said it will be watching for progress on the plans, but it has no power to compel or punish.

  • SYDNEY, Feb 23- The world's top economies have embraced a goal of generating more than $2 trillion in additional output over five years while creating tens of million of new jobs, signalling optimism that the worst of crisis-era austerity was behind them.

  • The world's top economies have embraced a goal of generating more than $2 trillion in additional output over five years while creating tens of million of new jobs, signalling optimism that the worst of crisis-era austerity was behind them. >TEXT-G20 Communique after Sydney meeting. >China to aim for 7-8 pct economic growth- c.bank chief.

  • SYDNEY, Feb 23- The world's top economies have embraced a goal of generating more than $2 trillion in additional output over five years while creating tens of million of new jobs, signalling optimism that the worst of crisis-era austerity was behind them.

  • HIGHLIGHTS-Key points from G20 communique Saturday, 22 Feb 2014 | 10:42 PM ET

    SYDNEY, Feb 24- The world's top economies have adopted a soft target of adding at least 2 percentage points to growth over five years, a source said, signalling optimism that the worst of crisis-era austerity was behind them. The following are key points from the communique at the conclusion of the Group of 20, according to the source.

  • SYDNEY, Feb 23- The world's top economies have adopted a soft target of adding at least 2 percentage points to growth over five years, a source said, signalling optimism that the worst of crisis-era austerity was behind them.

  • WRAPUP 1-G20 ready to aspire to faster global growth Saturday, 22 Feb 2014 | 9:13 PM ET

    SYDNEY, Feb 23- The world's top economies are on the verge of adopting a soft target of adding an extra 2 percentage points to global growth over five years at a meeting in Sydney, signalling optimism that the worst of crisis-era austerity was behind them.

  • SYDNEY, Feb 22- Developing countries need to do more themselves to offset the impacts of the U.S. "For example, in the case of Indonesia, we can't put the blame only on tapering itself. Indonesia had already started its homework by adjusting oil prices and hiking interest rates, he said.

  • SYDNEY, Feb 22- Europe is in favour of setting an economic growth target for the world's 20 biggest developing and advanced economies, but only if they agree on bold reforms, the European Union's Economic and Monetary Affairs Commissioner Olli Rehn said.

  • G-20 mulls ambitious target for global growth Friday, 21 Feb 2014 | 10:47 PM ET
    Australian Treasurer Joe Hockey

    The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney.

  • SYDNEY, Feb 22- Germany's central bank chief said he sees limits on the degree of coordination possible among the world's major central banks and expressed scepticism about the Group of 20 economies setting specific growth targets.

  • SYDNEY, Feb 22- The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to coordinate policies to avoid "surprises" that could roil emerging markets.

  • G20 draft communique pushes growth - Bloomberg Friday, 21 Feb 2014 | 4:45 AM ET

    SYDNEY, Feb 21- The Group of 20 will commit to concrete measures to significantly raise global growth while recognising the need for monetary policy in advanced economies to normalise, Bloomberg News reported on Friday, citing a draft communique.

  • U.S. backs G20 crackdown on global tax loopholes Friday, 21 Feb 2014 | 1:43 AM ET

    SYDNEY, Feb 21- The United States threw its weight behind a push to make global taxation reform a key goal for the Group of 20 advanced and emerging economies, supporting moves to close loopholes used by major multinationals to avoid tax.

  • *Lew urges efforts to boost domestic demand in China, Japan, Europe. As finance ministers and central bank chiefs from the Group of 20 developed and emerging gather ahead of a weekend meeting in Sydney, many are already talking at cross purposes. Treasury Secretary Jack Lew said at a financial conference in Sydney ahead of the ministerial meetings.

  • World risks era of slow growth, high unemployment-OECD Thursday, 20 Feb 2014 | 9:30 PM ET

    The report echoed Australia's attempt to push an agenda for growth as it hosts finance ministers and central bank chiefs from the Group of 20 major economies in Sydney this weekend.

  • Ksenia Yudaeva, first deputy governor of the Bank of Russia, told a conference in Sydney ahead of the weekend G20 meeting that more cooperation was needed between global central banks to help stabilise markets. Earlier this week, Russia's central bank warned that investors were likely to steer clear of emerging markets as the U.S.

  • MUMBAI, Feb 20- The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday. RBI Governor Raghuram Rajan, a former IMF chief economist, has raised the key repo rate by 75 basis points to 8.00 percent since becoming head of India's central bank in September.

  • U.S. Treasury's Lew urges Ukraine to turn to IMF Wednesday, 19 Feb 2014 | 5:24 PM ET

    SAN FRANCISCO, Feb 19- The Ukraine's fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday. "At the core they have an economic crisis and they are going to need to deal with it," Lew told a conference hosted by the World Affairs Council.