Economic Organizations


  • 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.

  • Group of 20 finance ministers and central bankers meet in Sydney this weekend, with global economic growth and ructions in emerging markets set to take centre stage.

  • TOKYO, Feb 18- Bank of Japan Governor Haruhiko Kuroda said on Tuesday that Japan's economy was moving in line with the central bank's forecasts, suggesting that no imminent expansion of monetary policy was necessary.

  • OTTAWA, Feb 17- Advanced economies must explain their monetary policy approach clearly to the rest of the world and some emerging economies need to strengthen policies in order to soften the financial market volatility during this unprecedented period of transition, a senior Canadian finance official said on Monday.

  • SEOUL, Feb 17- Policy coordination in response to the recent turmoil in some emerging markets will likely be among the main topics for discussion at this week's meetings of G20 policymakers, South Korea's Ministry of Strategy and Finance said on Monday.

  • DIARY - Top economic Events to Feb 28 Friday, 14 Feb 2014 | 7:01 PM ET

    BRUSSELS- OECD organizes a public debate on "The Euro Area at a crossroads: Policies for growth, jobs and competitiveness". **LUXEMBOURG- ECB Executive Board member Yves Mersch will hold a keynote speech at The Luxembourg Renminbi Forum- 1300 GMT. **LONDON- ECB governing council member Ewald Nowotny gives Golden Series lecture at OMFIF in London- 0700 GMT.

  • WASHINGTON, Feb 14- Economic policymakers from the world's biggest economies will focus on recent financial market turbulence when they meet next week in Sydney, a senior official at the U.S.

  • WASHINGTON, Feb 12- The International Monetary Fund's board on Wednesday said Portugal was on track with the conditions of its bailout program, and gave the euro zone country about 910 million euros. Portugal has so far gotten about 25 billion euros of the 26.9 billion euros the Fund pledged over three years to help Lisbon deal with a debt crisis, the IMF said.

  • G20 to focus on 4 ways to boost economic growth Wednesday, 12 Feb 2014 | 10:50 AM ET

    Feb 12- The world's financial leaders will focus on four ways to boost global economic growth when they meet next week in Sydney but the discussion may be overshadowed by emerging market concerns over U.S. monetary policy, a G20 official said.