The inclusion of the Chinese currency renminbi (RMB), or the yuan, in the International Monetary Fund (IMF) Special Drawing Rights (SDR) basket as its fifth component currency would be credit positive for China, said a Moody's report on Monday.
Christine Lagarde, managing director of the International Monetary Fund (IMF), said Friday that the IMF staff has proposed the Executive Board to include the Chinese currency, the RMB, into its special drawing right (SDR) currency basket as a fifth currency and she supports it.
The International Monetary Fund (IMF) is confident about its GDP growth expectations for China in the range of 6.5 percent to 7.5 percent in 2015, according to the organization's latest World Economic Outlook released here Tuesday.
The International Monetary Fund on Tuesday predicted that the world economy will only see a growth of 3.1 percent in 2015, as opposed to 3.4 percent last year.
Experts are cautiously optimistic that China's plans for further financial reforms would be sufficient to help its currency renminbi (RMB) meet the International Monetary Fund's (IMF) criteria for joining its benchmark currency basket later this year.
The executive board of the International Monetary Fund (IMF) still plans to formally review the possibility of adding the Chinese currency renminbi (RMB) to its benchmark currency basket by the end of this year, senior IMF officials said here Tuesday.
International Monetary Fund (IMF) chief Christine Lagarde on Wednesday downplayed China's recent market volatility and said Chinese economy is resilient and the slowdown in growth is under control.
Christine Lagarde, managing director of the International Monetary Fund (IMF), announced on Monday the appointment of Professor Maurice Obstfeld as the IMF's Economic Counselor and Director of the Research Department.
China has been playing an important part in partnering international financial institutes like the International Monetary Fund (IMF) for its programs targeted for the low-income countries, a deputy chief of the Fund said.
The International Monetary Fund (IMF) said Monday that Greece missed a new repayment worth of about 456 million euros to it by the day after the country failed to make a 1.5 billion-euro repayment due on June 30.
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"The door remains open for discussions," declared Monday French President Francois Hollande and German Chancellor Angela Merkel in Paris, after a meeting held following Greek voters rejected creditors' bailout terms in a referendum Sunday.
An eminent U.S. scholar has called on the International Monetary Fund (IMF) to include renminbi, or the yuan, into the basket of the Special Drawing Rights (SDR) to reflect the importance of the Chinese economy and its currency.
A senior official with the International Monetary Fund (IMF) ruled out Wednesday that the Asian Infrastructure Investment Bank (AIIB) would pose a threat to the influence of his Washington-based international organization in the Middle East and Central Asia region.
The International Monetary Fund (IMF) is upbeat about Sri Lanka's economy but has warned of a growing fiscal deficit, saying that stable policies are essential to spur growth, according to a statement on Wednesday.
The International Monetary Fund (IMF) is conducting a comprehensive assessment over the Chinese currency, or RMB, in its special drawing right (SDR) review to decide whether the currency will be included in the SDR currency basket or not, Zhu Min, deputy managing director of the IMF, said here on Sunday.
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