World Bank and IMF take on opposition to globalization

Oct 7, 2016

World Bank and IMF take on opposition to globalization

Global finance leaders on Thursday publicly confronted the rising unpopularity of trade liberalization, saying world economies need to strive for more inclusive growth. With Republican presidential candidate Donald Trump leading a surge of anti-free trade sentiment in the United States, and Britain voting to ...

China's yuan joins elite club of IMF reserve currencies

Oct 1, 2016

China's yuan joins elite club of IMF reserve currencies

China’s yuan is joining the International Monetary Fund’s basket of reserve currencies as of Saturday, a milestone for the government’s campaign for recognition as a global economic power. The yuan joins the dollar, euro, yen and pound in the IMF’s special drawing rights (SDR) ...

Sep 20, 2016

IMF lending nations seek veto power over bilateral credit lines

Countries that provide bilateral credit lines to the International Monetary Fund want the power to veto loans drawn from those precautionary arrangements, according to people familiar with the discussions. The IMF has been in talks with more than 30 countries that made available $393 ...

Aug 2, 2016

IMF backs labor, tax reforms to boost Abenomics

The government of Prime Minister Shinzo Abe should step up efforts to revamp the labor market, encourage businesses to raise wages and restore the nation’s debt-ridden finances through consumption tax increases as part of efforts to spur the flagging Abenomics policy mix, the International ...

Jun 20, 2016

IMF report calls for 'Abenomics' reload as quest for goals continues

Japan is falling short of its economic targets and needs to reload the “three arrows” of “Abenomics” to support higher wages and labor-market reforms, the International Monetary Fund said in a report published Monday. “Under current policies, the high nominal growth goal, the inflation ...