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IMF warns of debate on 2010 reform plan without U.S.

The International Monetary Fund warned Saturday that future debate on a 2010 institutional reform plan may take place without the United States, if Congress fails to ratify the plan by the end of this year. The International Monetary and Financial Committee, the policy-setting body of the IMF, wrapped up its meeting in Washington, after reaffirming the necessity of implementing the Quota and Governance Reform plan under which emerging economies will be given greater voting rights.

IMF no longer forces "structural adjustment"

The International Monetary Fund has changed and no longer imposes tough "structural adjustment" programs as it did in poor countries two decades ago, IMF chief Christine Lagarde said Saturday. Told by a journalist from Ghana that many people there had "a phobia for the IMF" due to the harsh conditions of its past structural adjustment programs in Africa and South America, Lagarde responded: "Structural adjustment? That was before my time, I have no idea what it is. We don't do that anymore."

Amid market jitters, finance officials see foundation for sustained economic growth and jobs

WASHINGTON - The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. Despite challenges that include market jitters about the Federal Reserve's bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s.

IMF warns of debate on 2010 reform plan without U.S.

The International Monetary Fund warned Saturday about future debate on a 2010 institutional reform plan without the United States, if Congress fails to ratify it by the end of this year. The International Monetary and Financial Committee, the policy-setting body of the IMF, wrapped up its meeting in Washington, after reaffirming the necessity of the Quota and Governance Reform under which emerging economies will be given greater voting rights.

Latam countries pushed to reform as easy money era ends

By Krista Hughes WASHINGTON (Reuters) - Latin American countries will have to tighten their belts as the rising cost of capital and lower commodity prices dampen growth and force countries to do more to drive economic activity, policymakers warned this week. Both the World Bank and International Monetary Fund expect slower growth in the region this year than last year in the face of weaker Chinese growth slowing demand for commodities and tighter financial conditions as some central banks wind down stimulus.

China backs aid for Ukraine, worried by IMF funding capacity

By David Brunnstrom WASHINGTON (Reuters) - China said on Saturday it backed IMF financial support for Ukraine, but expressed concern about the global lender's funding capacity given the failure of the U.S. Congress to ratify a program of reforms for the institution. Chinese Vice Finance Minister Zhu Guangyao told a small group of Western journalists on the sidelines of the IMF-World Bank spring meetings in Washington it was a "worry" that more than 85 percent of IMF lending was currently focused on Europe.

Americas News Agenda for April 12

Duty Editor: Stephanie Griffith Tel: +1 202 414 0541 What's happening in the Americas on Saturday: + IMF/World Bank hold annual meetings + Day three of golf Masters at Augusta WASHINGTON: The International Monetary Fund and the World Bank hold their annual spring meetings in Washington (IMF-WORLDBANK-ECONOMY-FINANCE)

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end. "We are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms" agreed in 2010, the group said. "The implementation of the 2010 reforms remains our highest priority and we urge the US to ratify these reforms at the earliest opportunity," the group said.

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end. "We are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms.... We urge the US to ratify these reforms at the earliest opportunity," the group said. pmh/sst

G20 urges US to ratify IMF reforms by year-end

The G20 pressed the United States Friday to ratify crucial IMF reforms after four years of waiting, suggesting they would find an alternative if Washington does not deliver by year-end. "We are deeply disappointed with the continued delay in progressing the IMF quota and governance reforms.... We urge the US to ratify these reforms at the earliest opportunity," the group said. pmh/sst
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