The bleak picture came as Greek Finance Minister Yanis Varoufakis warned the government “may very well” resign if Greeks spurn its call to vote “No”.
The IMF paper notes that governments in emerging market economies need to push such efforts at inclusion to make a dent in inequality.
Greece has received nearly 240 billion euros from the European Union and IMF since 2010. The money has allowed it to stay afloat but at a high cost to its population, which has absorbed cuts to pensions, wages and public services.
By contrast the AIIB has been fast. The Bank, to be headquartered in Beijing, is expected to be operational by next year.
Chief judge ruled that the accused Strauss-Kahn was not the “instigator” of orgies attended by prostitutes but merely the “beneficiary of group sex”.
Greece has a little more than 300 million euros to pay to the IMF. In total it has around 1.6 billion euros of payments to make to the IMF this month.
At COP-21, India should highlight the domestic measures it has taken to fight climate change.
In the new GDP calculation method, the CSO shifted the base year from 2004-05 to 2011-12.
Pessimists on Indian growth will have to look for pastures other than the new GDP data
India needs to tackle land acquisition issues to live up to the expectations of being the ‘new bright spot’ in Asia, said IMF.
The IMF Managing Director’s Global Policy Agenda (GPA) document released on Thursday said there is a need for countries including India to accelerate structural reforms to lift growth potential and ensure inclusiveness.
But let’s hold the celebrations. We need to take IMF, World Bank projections with a pinch of perspective.
IMF cautioned against investors being surprised by the timing of the rate hike by the US Fed and the consequent market tensions.
Greece is in difficult negotiations with creditors over its bailout programme.
“For Asia, the process of China’s liberalisation is very important,” says John Lipsky.