IMF praises Asia’s steps to cool real estate

Concerns of overheated real estate markets in Asia are diminishing, though regional authorities need to be on guard against destabilising developments, the International Monetary Fund said Wednesday. The Washington-based group said market-cooling measures implemented by emerging market economies in the region appeared to be effective in capping growth in prices. “Prudential measures appear to be [...]

Jul 10 2010 | Posted in Banking-Finance | Read More »

IMF chief: Speed up change in vote system

Developed economies should do more to ensure that emerging economies have a greater say in the International Monetary Fund (IMF), with China’s increased voting power reflecting the real role of the nation’s economy, said Dominique Strauss-Kahn, the IMF’s managing director. Speaking at a press briefing at the end of the G20 summit, Strauss-Kahn said that [...]

Jun 30 2010 | Posted in World Business | Read More »

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