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| VILNIUS |
The World Bank is set to suspend granting a second 50 million-dollar (59 million euros) instalment of a structural adjustment loan to Lithuania due to slow progress in energy sector reform, a bank representative said Friday.
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| ANKARA |
An International Monetary Fund (IMF) mission began talks here Friday on an austerity program hammered out with Turkey, a day after the Turkish privatisation minister resigned over comments he had made on the plan.
The IMF ... |
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| HONG KONG |
Bank of France governor Jean-Claude Trichet Friday defended the work of the International Monetary Fund (IMF) in resolving financial crises against criticism it had become too political.
"The Asian crisis has led to an extension of IMF condionality to structural areas, mainly as regards financial systems restructuring issues," Trichet told an Institute for International Finance (IIF) meeting here.
"This extension was somewhat criticized but I do not share such views: including structural matters in the IMF conditionality is clearly in line with ... |
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| SINGAPORE |
Asia needs to play a greater role in the workings of the International Monetary Fund (IMF) if it wants to have an impact on policy making, first deputy director Stanley Fischer said here Friday.
Fischer defended the fund from ... |
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