Tag Archives: IMF

Pakistan’s new government must put development before debt repayment Reply

by • Pakistan News • Tags: , , ,
A family in Rawalpindi. Ending debt payments would give Pakistan time to develop new sources of revenue.

A family in Rawalpindi. Ending debt payments would give Pakistan time to develop new sources of revenue.

Reposted from The Guardian

by Nick Dearden

With an economy paralyzed by IMF interference, Pakistan could reassert its independence by halting debt repayments.

No matter which government Pakistan’s people had voted for last week, the debt payments the country is scheduled to make in the next two years will largely decide that government’s economic policy. That is, unless the government decides to put its people ahead of those repayments. Given the scale of problems Pakistan faces, is it possible that a sovereign economic agenda could find its way on to the table?
More…

World Bank mission heads to Jamaica next month 1

by • Jamaica • Tags: , , , ,

jamaicaReposted from GoJamaica.com

Finance Minister Dr Peter Phillips says a World Bank mission is expected in Jamaica in May to continue work on the new Country Partnership Strategy.

The initiative will provide support for the Government’s efforts to increase economic growth, create jobs and fight poverty.

Speaking with the Jamaica Information Service in Washington, Phillip said consultations have already started on a new programme for Jamaica, which will be launched later this year. More…

Nepal to grow by three per cent: IMF Reply

by • Nepal News • Tags: , ,

A slower growth rate of Nepal’s major trade partner India has affected the Nepali economy.

A slower growth rate of Nepal’s major trade partner India has affected the Nepali economy.

Reposted from The Himalayan Times

KATHMANDU: The International Monetary Fund (IMF) has projected three per cent growth rate for Nepal in 2013 — the lowest in the last one decade.

International Monetary Fund is the third agency that has predicted a gloomy outlook for the Nepali economy in the current fiscal year. More…

Opportunities for Cambodian growth Reply

by • Cambodia News • Tags: , , , , ,

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Reposted from The Phnom Penh Post

China’s transition from export-led to domestic-led growth, combined with the rising costs of production, could provide opportunities for Cambodian growth and diversity, analysts say.

Faisal Ahmed, the IMF representative for Cambodia, said the Kingdom was already experiencing an increase in trade activity as a result of China’s economic shift.

“China’s rebalancing can boost demand of Cambodian exports of not only commodities but also labour-intensive manufacturing, in part supported by rising wages in China,” Ahmed said. More…

Myanmar sees stable foreign exchange rate in Q3 Reply

by • Myanmar (Burma) News • Tags: , , , , ,

we-8-11-l-001akReposted from Eleven Myanmar

Myanmar’s foreign exchange rate remained stable in the last three months of the year, after the government introduced reforms in April and ended 35 years of a fixed rate.

As a result, businessmen have expressed more confidence in the trading and investment sectors.

In April, the exchange rate was 815 kyats to a US dollar; it increased to 837 kyats in May and 844 kyats in June. More…

Myanmar likely to be next financial hub for Asia Reply

by • Myanmar (Burma) News • Tags: , , , , ,

yangonReposted from Eleven Myanmar

Myanmar is likely to become next financial hub for Asia, according to a statement issued by International Monetary Fund (IMF) by the end of November.

“With a commitment to strong reforms, Myanmar has the potential to vastly improve the living standards of its people and emerge as Asia’s next rising star,” IMF mission chief in Myanmar Meral Karasulu said in a statement. More…

Myanmar reforms to lead growth: IMF Reply

by • Myanmar (Burma) News • Tags: , , , , , , , , , , , , , , , , , ,

The IMF is hopeful that the trip will lead to the formation of a Staff-Monitored Program in 2013

The IMF is hopeful that the trip will lead to the formation of a Staff-Monitored Program in 2013

Reposted from The Myanmar Times
By Tim McLaughlin

The International Monetary Fund has found that Myanmar’s growth in the coming year will be bolstered by the continuation of the nation’s rapid reforms. More…

IMF advises Mongolia to re-think tax agreement to safeguard mining revenue Reply

by • Mongolia News • Tags: , , , , ,


Reposted from The UB Post
By B. Khash-Erdene

The current Mongolian Double Tax Agreement (DTA), which is a tax claim by two or more jurisdictions on the same income, is prone to international tax planning as it allows residents of other countries to substantially reduce the amount of tax they pay in Mongolia, said International Monetary Fund (IMF)’s report released on November 14. More…

Myanmar could be Asia’s rising star: IMF Reply

by • Myanmar (Burma) News • Tags: , , , , , , , , , , , , , , , ,

The International Monetary Fund could possibly monitor progress on the government's own reform plans

The International Monetary Fund could possibly monitor progress on the government’s own reform plans

Reposted from EINNews

MYANMAR (Burma) could become Asia’s next economic engine if it enacts vast reforms, the IMF says, signalling the country could receive a Fund monitoring program in 2013. More…

Mongolia Growth Rate May Sink by One-Third, Central Banker Says Reply

by • Mongolia News • Tags: , , , , ,

Naidansuren Zoljargal, governor of the Central Bank of Mongolia


Reposted from Bloomberg Businessweek
By Rishaad Salamat and Yuriy Humber

Mongolia’s central bank governor said that the nation’s growth rate may slow by a third this year from a record 17 percent in 2011 as inflows of foreign investment cool. More…