Bank Governors

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G7 finance ministers will no longer Jiangshan post-crisis era needs repositioning

BEIJING, February 7 (Xinhua) Siffong Group Finance Minister and Central bank governors meeting 6th afternoon in the northern Canadian town of Iqaluit closed.  In the context of the fragility of the global economic recovery, the huge debt burden of Europe and the United States and the rapid growth of emerging economies, this meeting is particularly low-key in terms of content and form. From the television screen, the participants do not have suits, sit posture, see Jiangshan, about the world financial trend of the spirit, but also less rigorous elegant formal bulletin. This meeting, compared to the world economic issues, the Group of seven countries pay more attention to the European and American financial ...

Group of 20 pledges to sustain economic stimulus

The two-day meeting of 20 finance ministers and central bank governors closed 7th at St Andrews in England.  A communiqué issued after the meeting said that the global economic recovery is still uneven, the group of 20 will maintain economic stimulus plan. In addition, the group of 20 pledged to work to achieve "ambitious results" at the Copenhagen Climate Change Conference next month, but failed to agree on the amount of climate change financing.

G20 aim at food prices first to fight inflation 70% giant CEOs bullish outlook

US Federal Reserve Chairman Bernanke (left), Bank of England Governor Mervyn and French finance minister Lagarde attended a press conference held before the G20 finance minister.  (Agence France-Presse map) to draw up the standard of economic imbalance Japan pointed out that countries or failed to reach a consensus standard G20 group (G20) finance ministers and central bank governors meeting February 18 in Paris, and ended on 19th.  France has long wanted to be a part of the G20 Presidency, including promoting financial reform and setting standards to measure global economic imbalances so that countries can quickly devise measures to improve imbalances. As a rotation of the Presidency ...

People's Bank of China: Chiangmai Initiative multilateral formal signing

Xinhua Beijing, December 28, according to the PBOC website news, following the May 2009 ASEAN and China-Japan and South Korea (10+3) finance ministers to the Chiangmai initiative of the main elements of the resonance, 10+3 finance ministers and central bank governors and Hong Kong Financial Management Bureau announced the formal signing of the Chiangmai Initiative Multilateral Agreement.  Chiangmai initiative multilateralism will strengthen the region's capacity to prevent and respond to challenges, with the core objectives of: (1) addressing balance-of-payments and short-term activities in the region, and (2) complementing existing international financing arrangements. The Chiangmai initiative has a total scale of 120 billion dollars, which will ...

Group of 20 pledges to maintain economic stimulus plan

The two-day meeting of finance ministers and central bank governors of the Group of 20 (G2O) closed at St Andrews, England, 7th.  A communiqué issued after the meeting said that the global economic recovery is still uneven, the group of 20 will maintain economic stimulus plan. The group of 20 believes that the global economic and financial situation is now improving, but that the economic recovery is "still unbalanced and still relies on policy support" and that high unemployment remains a focus. They are committed to maintaining policy support to the full recovery of the economy.

Finance ministers start to draw up exit strategy timetable

G20 finance ministers and central bankers reiterated that they could not prematurely "exit" from the morning News of the debate on "exit from the stimulus measures". The two-day meeting of finance ministers and central bank governors of the Group of 20 (G20) ended on 7th in the Scottish town of St Andrews, where participants agreed that "a premature exit strategy cannot be introduced prematurely" until the economy has returned to a sustainable growth trajectory.  Participants also reached general consensus on various issues such as the reform of the international financial system and the financing of climate change. But the smiling faces of the country's "family portrait" photos clearly can't hide ...

IMF: Ensuring fiscal sustainability is a top priority for developed countries

Xinhua Washington, March 1 (Xinhua Liu Hongliulina) The International Monetary Fund (IMF) 1st released a report, said that ensuring fiscal sustainability is a top priority for many developed countries. The report, submitted to a meeting of the 20 ministers of Finance and central bank governors in South Korea, said developed countries should tighten fiscal discipline and develop medium-term fiscal plans to reduce excessive debt as a percentage of gross domestic product.  The report warns that without effective measures, some developed countries ' finances will be unsustainable and their economic growth prospects will be bleak. For the ...

Sino-US think-tank exchange rate on the eve of G20 finance ministers meeting

Mense April 23, Washington will hold the 20-nation group (G20) finance ministers and central bank governors meeting, the renminbi exchange rate issue again warming.  Yesterday, the China International Economic Exchange Center (CCIEE), a results conference on the "new semi-official semi-private think tank" voice: The U.S. intellectual Peterson International Economic Research Institute of the RMB exchange rate model has five major flaws. Does the renminbi really need to appreciate? CCIEE yesterday reported that the yuan appreciation of the reasons for the recent insufficient. CCIEE Executive vice Chairman, Academic Committee director Zheng ...

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