SHANGHAI - China central bank governor Zhou Xiaochuan said Beijing would accelerate reforms to the country's currency to push for the yuan's inclusion in the International Monetary Fund's currency basket, known as Special Drawing Rights (SDRs), the official Xinhua news agency reported on Saturday.
WASHINGTON - Japan must come up with and implement a clear, specific plan to cut its huge debt pile in order to make its monetary stimulus effective, the IMF's mission chief for the country said, warning Tokyo against loosening its grip on fiscal consolidation.
WASHINGTON - The Group of 20 leading economies on Friday discussed ways to raise emerging countries' voting rights at the IMF as part of an effort to move past U.S. foot-dragging on reforms to the institution, but they failed to reach an agreement.
WASHINGTON - Britain favours the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system.
WASHINGTON - The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering.
WASHINGTON - The Group of 20 leading economies was set on Friday to agree to a proposal that would raise the voting rights of emerging countries at the IMF, an attempt to move past U.S. foot-dragging on reforms to the institution.
WASHINGTON - The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy.
WASHINGTON - Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday.
ATHENS - Greece's privatisation agency (HRADF) has invited OPAP to sign a deal next week to acquire the country's sole licence for horse racing betting, the first state asset sale to be completed by the new leftist-led coalition government.
BRUSSELS - Greece and its international creditors including the European Commission and the IMF will meet on Saturday, the Commission said on Friday.