“For Asia, the process of China’s liberalisation is very important,” says John Lipsky.
In the long run, holding out against IMF quota reforms does not serve US interests.
“Emerging markets need to prepare in advance to deal with this uncertainty,” she said.
The issue was raised by Prime Minister Narendra Modi and finance minister Arun Jaitley at their meetings with Lagarde.
Last week, the IMF said in an annual report that India’s economy is recovering.
IMF Asia and Pacific Department Director Changyong Rhee will also join the mission to meet with senior officials.
The meet comes as Greece casts a new shadow over Europe while cheap oil plays havoc with inflation.
The quarter remained weak in terms of revenue growth for companies across various sectors.
Fourth-quarter growth held steady at 7.3 percent from a year earlier, slightly better than expectations.
From one law to another is not a reform unless one is clear about the objective.
The historic TFA would now need to be ratified by governments of individual member countries.
Ebola has killed around 5,000, according to the World Health Organisation.
The Fund this week cut its 2014 global growth forecast to 3.3 per cent from 3.4 per cent.
Reserve Bank of India Governor Raghuram Rajan on issues including the proposed new monetary policy framework.
It is better to show higher world poverty by raising the poverty line than to distort history by using obsolete and questionable data
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