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Lesley Wroughton

World Bank chief says G7 should be replaced

WASHINGTON (Reuters) - The Group of Seven rich nations is no longer effective and should be replaced by a steering group that includes emerging economic powers like China, India and Brazil, World Bank President Robert Zoellick...

UPDATE - Egypt finance minister wins key IMF policy post (at Reuters)

WASHINGTON, Oct 6 (Reuters) - Egyptian Finance Minister Youssef Boutros-Ghali was elected to chair the IMF's policy-setting committee, IMF board officials said on Monday, the first emerging country to ever hold the post....

U.S. heading for sharp downturn: IMF

WASHINGTON (Reuters) - The United States will likely suffer a sharp economic downturn, or even recession, judging by the impact of similar banking crises around the globe over the past 30 years, the International Monetary Fund...

Inflation pressures recede but still threaten-IMF

WASHINGTON, Oct 2 (Reuters) - Global inflationary pressures are diminishing, but still pose a danger, especially in emerging and developing economies, with commodity prices likely to remain high and volatile, the International...

IMF urges Denmark to provide capital to sound banks

WASHINGTON, Oct 2 (Reuters) - The International Monetary Fund on Thursday urged Denmark to supply capital for healthy banks affected by the global liquidity crunch. 'The global financial crisis puts a premium on making...

World leaders call for stronger action on poverty (Reuters)

By Lesley Wroughton 17 minutes ago UNITED NATIONS (Reuters) - World leaders pushed on Thursday for stronger action to reduce global poverty in the face of spreading financial turmoil and high food prices that threaten to...

Financial crisis casts cloud over UN poverty meeting

LESLEY WROUGHTON | NEW YORK, UNITED STATES - The meeting in New York marks the midway point since global leaders first signed on to the Millennium Development Goals (MDGs) in 2000, which aim to halve hunger and poverty by...

Most rich nations stagnant or near recession -IMF

WASHINGTON (Reuters) - Most of the world's developed countries are at an economic standstill or on the brink of recession and policy-makers need to take aggressive action to avert a deep global downturn, a top IMF official...

UPDATE - IMF urges market-friendly solutions amid crisis (at Reuters)

By Lesley Wroughton WASHINGTON, Sept 18 (Reuters) - The International Monetary Fund on Thursday urged financial authorities around the globe to pursue market-friendly solutions to bolster investor sentiment shaken by a...

UPDATE - IMF approves $750 mln to shore up Georgia economy (at Reuters)

WASHINGTON, Sept 15 (Reuters) - The International Monetary Fund on Monday approved a $750 million loan program for Georgia aimed at rebuilding the country's currency reserves and restoring investor confidence shaken by...

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