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	G-7 nations risk ‘muddled middle’ with spend-now, save-later plan	08/02 23:17	Business Mirror	IMF International Monetary Fund
	Group of Seven (G-7) finance ministers promised to spend now and save later as they try to spur the global economic rebound without incurring the wrath of investors increasingly focused on mounting de... Policy makers will await an International Monetary Fund (IMF) report in April before making a decision and each country would need to adopt the plan for it to be a success, the official said. One downside of the proposal is banks may take on more risk knowing that money existed to save them in the case of failure, a German official said. As the IMF calculates debt in the advanced Group of 20 economies will reach 118 percent of GDP in 2014, up from about 80 percent before the crisis, some G-7 nations are attracting the ire of investors and credit rating companies.(Bloomberg)
	Weak dollar illusory; correlated trade shows gains	08/02 23:16	Business Mirror	International Monetary Fund
	For all the concern over the $1.6-trillion US budget deficit and record debt load, the dollar is as valuable now as 35 years ago. Central banks that disclose breakdowns of their reserves bought a record $60 billion worth of euros in 2009’s second quarter, more than half of their new cash in the period, based on International Monetary Fund data adjusted for exchange-rate changes using methodology developed by Barclays Capital.
	CIMB: Asia relatively free from sovereign risk	08/02 23:16	Business Mirror	International Monetary Fund world bank
	Asia is “relatively risk free” from contagion amid deteriorating confidence in Europe’s sovereign debt because its economies have stronger fiscal positions, CIMB Investment Bank Bhd. said. Budget deficits in Greece, Ireland and Spain widened to more than 12 percent of gross domestic product last year, compared with 2.5 percent in Indonesia, 4.1 percent in Thailand, 7.4 percent in Malaysia and 7.6 percent in India, CIMB said, citing International Monetary Fund, World Bank and its own estimates. The cost of protecting Asia Pacific corporate and sovereign bonds from default declined on Monday, according to traders of credit-default swaps. Credit-default swap indexes are benchmarks for protecting bonds against default and traders use them to speculate on credit quality. An increase suggests deteriorating perceptions of credit worthiness and a drop shows improvement. The Markit iTraxx Asia index of 50 investment-grade borrowers outside Japan dropped 2.5 basis points to 126.5 basis points as of 9:13 a.m. in Singapore, according to Citigroup Inc.
	Forwarders complain against high international shipping charges	08/02 23:13	Business Mirror	world bank
	TOP cargo forwarders have asked trade groups, such as the Philippine Chamber of Commerce and Industry (PCCI), to look into the rates being charged by international shipping lines because these have an... According to a 2007 World Bank report, the Philippines has one of the highest logistics costs in all of Asia with $1,336 per 20-footer container.
	EU:lta Romanialle lisäaikaa suitsia alijäämää	08/02 23:01	YLE	IMF
	EU-komissio antoi maanantaina Romanialle vuoden lisäaikaa paikata julkisen talouden alijäämää. Vuoteen 2012 mennessä alijäämä saa olla korkeintaan kolme prosenttia bruttokansantuotteesta. Takarajan si... Takarajan siirto on jo toinen myönteinen uutinen maalle viime viikkoina. Kansainvälinen valuuttarahasto IMF ja EU ilmoittivat viime kuussa, että ne jatkavat kriisiavun antamista Romanialle.
	Unemployment rate nears 7-year high	08/02 22:32	Wall-Street Romania	IMF
	The National Employment Department (ANOFM) reported that 31,599 jobs were lost in January, bringing the total number of jobless up to 740,982, and unemployment rate up to 8.1%, the highest since March... At the end of January, IMF mission chief in Romania, Jeffrey Franks said the unemployment rates would rise further in Romania until mid 2010, and the number of jobless could hit one million. However, Prime Minister Emil Boc said no official document of the IMF referred to the unemployment rate, and according to Government’s forecast, jobless rate would stand below end-2009 levels.
	Science team plots map to Haiti rescue	08/02 22:30	This Is Surrey Today	the World Bank world bank
	A team of dedicated scientists who map disaster zones are using their expertise to help earthquake victims in Haiti. The Ashtead team said they had been working almost non-stop to produce detailed images since being contracted by the World Bank.
	IMF og Norge	08/02 22:22	Regjeringen	IMF
	Det internasjonale valutafondet (IMF) er en organisasjon med 186 medlemsland som jobber for å fremme internasjonalt monetært samarbeid, ordnede valutaforhold, stabil økonomisk vekst og høy sysselsetti... IMF og Norge Det internasjonale valutafondet (IMF) er en organisasjon med 186 medlemsland som jobber for å fremme internasjonalt monetært samarbeid, ordnede valutaforhold, stabil økonomisk vekst og høy sysselsetting, og som kan yte kriselån til land med betalingsbalanseproblemer og teknisk assistanse til land med behov for dette. IMF foretar jevnlig gjennomganger av utviklingen i medlemslandenes økonomi og økonomiske politikk (bl.a. såkalte Artikkel IV-konsultasjoner) og av finansiell stabilitet både regionalt og globalt.
	IMF-sjef Strauss-Kahn holdt foredrag om krisehåndtering og forebygging	08/02 22:22	Regjeringen	IMF
	Dominique Strauss-Kahn, administrerende direktør i Det internasjonale valutafondet (IMF), besøkte Norge 23. oktober 2009. Strauss-Kahn holdt et foredrag om IMFs håndtering av finanskrisen og hvilken r... IMF-sjef Strauss-Kahn holdt foredrag om krisehåndtering og forebygging Dominique Strauss-Kahn, administrerende direktør i Det internasjonale valutafondet (IMF), besøkte Norge 23. oktober 2009. Strauss-Kahn holdt et foredrag om IMFs håndtering av finanskrisen og hvilken rolle organisasjonen kan spille i forebyggingen av nye kriser. IMF har hatt en viktig rolle i det internasjonale arbeidet med å håndtere finanskrisen. Under Strauss-Kahns ledelse har IMF levert viktige analyser og til dels kontroversielle politikkanbefalninger. Blant annet snakket organisasjonen tidlig om behovet for en koordinert og ekspansiv finanspolitikk. Strauss-Kahn har også ledet arbeidet med omlegginger av utlånsvirksomheten til IMF med blant annet bedre kredittilgang, færre og mer målrettede betingelser, større rom for motjunkturpolitikk og skjerming av de fattigste. En rekke land har mottatt kriselån fra IMF det siste året, og Strauss-Kahn har fått gjennomslag for en tredobling av utlånskapasiteten.
	Who will save Ukraine from bankruptcy?	08/02 22:13	Daily Nation	IMF International Monetary Fund
	Elections were held in Ukraine yesterday with Mr Viktor Yanukovich emerging winner ahead of Prime Minister Yulia Tymoshenko. A $17 billion loan package by the International Monetary Fund that was supposed to solve the economic problems in the country managed only to delay the financial crisis looming in Ukraine. Despite the fact that the IMF has yet to grant Ukraine the last tranche of $3.8 billion after the presidential election, this money will not be enough for a long time for Ukraine. Given that the last few years, the economy has been maintained only through credit, and furthermore there was no progressive development, and the standard of living of the population only fell, after the receipt of the last tranche of the IMF loan package, the situation has become catastrophic. And this raises an objective question to the Ukrainian leadership.
	French firm to provide biomass energy to off-grid areas	08/02 21:52	Bioenergy	the World Bank world bank
	NATIONAL POWER Corp. (Napocor) will tie up with French company Enertine to provide power using biomass technology to areas not reached by the country’s main grids, the state-owned company’s top offici... “They are also ready to come in with financing but we’re also exploring [options] with IFC (International Finance Corp.) and World Bank,” Mr. Tampinco added. The IFC is the World Bank’s funding arm for the private sector.
	Central Bank forsees low economic growth	08/02 21:52	The National	IMF International Monetary Fund
	The economy will see low growth this year before rebounding in 2011, the Central Bank Governor said today. Sultan al Suweidi said he would not contradict the latest International Monetary Fund forecast that the economy would achieve GDP growth of between zero and one per cent this year. “They [the IMF] are experts in this area,” he told reporters at the Central Bank headquarters in Abu Dhabi. Masood Ahmed, the IMF director for the Middle East and Central Asia, said last month the property sector and the $22 billion debt restructuring at Dubai World would drag on the economy this year.
	London Conference A Trial of Yemeni Regime, But Verdict Delayed	08/02 21:50	Yemen Post	the World Bank world bank
	London hosted late last month an international summit on Yemen in which Yemen’s allies reiterated commitment to continuing aid to the country and Yemen reiterated commitment to reforms and the fight o... At the meeting, Yemen said it would continue talks with the World Bank on its anti-poverty program.
	Moody’s leaves Latvia's ratings unchanged	08/02 21:41	Baltic Course	IMF
	The Latvian government's Baa3 ratings with a negative outlook reflect the impact of the severe economic recession and uncertainties around Latvia's economic and financial outlook, says Moody’s Investo... The Latvian government's Baa3 ratings with a negative outlook reflect the impact of the severe economic recession and uncertainties around Latvia's economic and financial outlook, says Moody’s Investors Service in its new sovereign credit report on Latvia. The government's ratings also take into account demonstrated financial support from the EU, IMF and neighbouring countries. Moody’s also recognises that substantial assistance from the IMF and EU has led to a marked decline in Latvia's financial stress. In particular, the potential risk of a disorderly devaluation has declined significantly. The EU is highly committed to preserving financial and social stability in Latvia, and it would probably increase its assistance if the crisis were to deepen further, informs LETA.
	MONGOLIA TO MAKE ECONOMIC REVOLUTION	08/02 21:28	Montsame Agency	development policies
	Ulaanbaatar, /MONTSAME/ Mongolia is now desiring to make a historic jump to economic revolution, Prime Minister The primary objective of the Mongolian Economic Forum is to build consensus around defining sustainable economic development policies and addressing pressing challenges faced by key economic sectors of Mongolia among policy makers, business communities, academia, and the civil society. The Forum will also lay foundation of an independent, non-governmental, non-partisan organization that will act as a permanent venue for open discussions on various policy issues. Apart from organizing the Mongolia Economic Forum on an annual basis, the newly formed institution will work towards helping all relevant stakeholders find consensus on priority development matters.
	WE WANT YOU TO KNOW MORE ABOUT MONGOLIA	08/02 21:27	Montsame Agency	IMF International Monetary Fund
	Ulaanbaatar, /MONTSAME/ The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces a new hotel in a new country: The Radisso Blu ... SPEAKER MEETS IMF AND WB OFFICIALS Ulaanbaatar,/MONTSAME/ Parliament Speaker D.Demberel received Friday Steven Barnett, Permanent Representative of the International Monetary Fund (IMF) ...
	Platform for an Integrated Africa Policy - regjeringen.no	08/02 21:22	Regjeringen	poverty reduction
	(16.12.08) The Ministry of Foreign Affairs has published its Platform for an Integrated Africa Policy. Despite unresolved conflicts, such as in DR Congo, Darfur and Zimbabwe, along with uncertainty du... Norway will seek to support African countries in strengthening their revenue bases through the development of sound and transparent administrative procedures, effective taxation systems and the reduction of illicit financial flows. This will help ensuring that Africa’s rich natural resources benefit the whole population and contribute to lasting development and poverty reduction.
	Yemen, UK talk on Riyadh donor conference	08/02 20:36	Saba Net	the World Bank world bank
	SANA'A, Feb. 08 (Saba) - Yemen and UK talked on Monday about the preparations for holding a donor conference at the end of the current month in the Saudi capital, Riyadh. On the other hand, al-Arhabi met here on Monday the World Bank Country Director for Egypt, Yemen and Djibouti David Craig.
	FM meets Somali Deputy Prime Minister	08/02 20:36	Saba Net	UNDP
	[08/February/2010] Al-Qirbi briefs EU, Russia, China on would-be peace in north SANA'A, Feb. 08 (Saba) - Foreign Minister Abu Bakr al-Qirbi acquainted here on Monday diplomats of EU, Russia and China and United Nations Development Programme (UNDP) in Sana'a with the government's mechanism and timetable to implement the six terms by al-Houthi rebels for bringing the war to an end.
	Sunday Express article	08/02 20:05	John Redwoods Diary	IMF
	Strange as it may seem, it’s a good time to have conservative values. After twelve years of grim socialism, we have had our fill of enforced living beyond our means. We are fed up with so much of our ... When we got out of previous recessions we always did so with the help of spending cuts. The IMF forced that on labour in1976. A Conservative government did it in 1981 to sort out Labour’s mess, ushering in a good long period of growth and prosperity. You need to do that to keep lending rates down, and to find the money for the private sector to create the jobs we need.
	European, US stocks stabilize but debt fear hovers	08/02 20:01	KWQC	International Monetary Fund
	LONDON (AP) - Markets in Europe and the U.S. stabilized on Monday as investors weighed their fears of the debt crisis enveloping eurozone countries like Greece and Portugal against the temptation to b... Rather, top finance officials merely expressed their confidence in European governments to sort out their public deficits without the need of a bailout from the International Monetary Fund. They reiterated commitments to keep stimulus measures in place and the need for financial regulation reform.
	China: the grocery challenge	08/02 19:53	Supply Chain Standard	International Monetary Fund
	When we talk about China, we tend to concentrate on the rapid growth in its manufacturing industry with companies moving production there from Europe or the US. This prediction comes in the wake of the latest World Economic Outlook from the International Monetary Fund which projected real growth in gross domestic product of 11.44 per cent in China compared with 4.07 per cent in the US between 2009 and 2014.
	Greystar Resources picks up C$6.1m from IFC warrant move	08/02 19:50	SmallCapNews.co.uk	the World Bank world bank
	Greystar Resources, the mining group behind the development of the multi-million ounce Angostura gold-silver deposit in north-eastern Colombia, has received C$6.1 million (£3.7 million) in new funding... Greystar Resources, the mining group behind the development of the multi-million ounce Angostura gold-silver deposit in north-eastern Colombia, has received C$6.1 million (£3.7 million) in new funding. The cash injection follow an exercise of warrants at C$2.47 per share by the International Finance Corporation, a member of the World Bank Group.
	Thrust on strengthening OCAG	08/02 19:48	The Financial Express	the World Bank world bank
	The preparation for the proposed Grant funded project "Strengthening Office of the Comptroller and Auditor General" is going on under the broad umbrella of "Strengthening Public Expenditure Management... The World Bank is administering the trust fund after the Government of Bangladesh (GoB) and development partners have reviewed the performance of OCAG and found that there is a substantial continuing need for assistance to improve operations to international standards. In December, through bilateral discussions and a widely attended brain storming workshop, the project preparations advanced significantly in defining the project components and activities. The preparation team also discussed expected time frame and identified associated key actions that would be critical to rationalize the project concept, expedite the approval process of the Government, World Bank and the development partners and support successful implementation of the project.
	Lettlands ekonomi och statsfinanser har börjat stabiliseras, skriver kreditvärderingsinstitutet Moody's Investors Service i en analys	08/02 19:45	Mentoronline	IMF
	Lettlands ekonomi och statsfinanser har börjat stabiliseras, skriver kreditvärderingsinstitutet Moody's Investors Service i en analys. Fast hur snabbt den söndertrasade ekonomin kan återhämta sig är o... Moody's pekar i måndagens analys på hur Lettlands finansiella problem underlättats av det omfattande stödet från EU och IMF.

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