IMF

Nigerian cbank governor says naira not over-valued

Nigeria's central bank governor Lamido Sule Lamido speaks at conference on banking reforms in Nigeria in Lagos
Nigerian Central Bank Governor Lamido Sanusi said on Monday he did not believe that the naira was over-valued and criticised advice from the IMF, which last week recommended greater exchange rate flexibility.

G20 Communiqué [TEXT]

France's President Sarkozy speaks to G20 finance ministers and central bank governors at the Elysee Palace in Paris
Full text of G20 Meeting of Finance Ministers and Central Bank Governors Communiqué, from the G20 France 2011 website.
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Cape Verdeans vote in parliamentary polls

Voters in Cape Verde cast their ballots in a parliamentary election on Sunday that is likely to be dominated by the two parties that have exchanged power over the last two decades in the island nation.
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S.Africa customs shake-up to hit neighbours

The Southern Africa Customs Union (SACU) is considering a major overhaul of revenue-sharing that will see South Africa keeping a far bigger slice of pooled customs receipts, according to a policy document.

Joblessness, rising prices may fuel unrest: IMF chief

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.

Japan deflation drags on for 22nd month

Japan's core consumer prices fell in December from a year earlier for a 22nd consecutive month, as slow wage growth and sluggish demand kept the country mired in deflation while the government grapples with heavy public debt.

China wants to import more: ICBC chairman

China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.
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G20 should better represent Africa: Botswana

Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.

Medvedev defends Russia in Davos keynote speech

In his opening speech at the Davos world economic forum in Switzerland, Russia’s President Dmitry Medvedev touched on a number of subjects, including why he was late to the confab – the suicide bombing in a Moscow airport that killed 35 people.
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Algeria must tackle youth unemployment: IMF

Algeria must urgently create jobs for its young unemployed, the International Monetary Fund (IMF) said in a report published on Wednesday, highlighting a problem that has fuelled unrest throughout the region.

Fianna Fail elects Micheal Martin as new leader

The Fianna Fail, the principal party in Ireland’s ruling coalition government, has elected former foreign minister Micheal Martin as its new boss, a few days after Brian Cowen resigned from the post.
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn (R) and Governor of People's Bank of China Zhou Xiaochuan seen in this file photo.

IMF projects India to grow at 8.4 pct in 2011

The International Monetary Fund (IMF) said it expects India to grow at 8.4 percent in 2011 and fall to 8 percent, unchanged from its prior estimate as the two-speed global recovery will continue.

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