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G20 says monitoring economic situation in Ukraine

Group of 20 finance ministers and central bank chiefs meeting in Washington on Friday said they were alert to economic risks from the Ukraine crisis, according to a draft statement. "We are monitoring the economic situation in Ukraine, mindful of any risks to economic and financial stability," said the draft, seen by AFP. The draft, a nearly-complete version of the group's final statement to be released later Friday, confirmed that tensions over Ukraine are causing a stir in the leading 20 powers, which include the United States, Europe's major countries and Russia.

G-7 urges financial aid to crisis-hit Ukraine

Group of Seven finance ministers and central bank governors called Thursday for financial aid to crisis-hit Ukraine after their emergency meeting in Washington. The discussions "covered the major and recent developments in the global economy and issues which form part of the wider meeting taking place this week," the G-7 financial chiefs said in a statement. "This included a discussion of the situation in Ukraine, its financing needs and the international response," they added.

G-7 mulls financial aid to crisis-hit Ukraine

Group of Seven finance ministers and central bank governors discussed on Thursday the need for financial aid to crisis-hit Ukraine and possible additional sanctions against Russia in their meeting in Washington. The discussions "covered the major and recent developments in the global economy and issues which form part of the wider meeting taking place this week," the G-7 financial chiefs said in a statement. "This included a discussion of the situation in Ukraine, its financing needs and the international response," they added.

G7 ministers to meet Thursday on economy, Ukraine

(Reuters) - Finance ministers from the Group of Seven industrialized nations will meet on Thursday in Washington to discuss the global economy and the situation in Ukraine, sources said. The meeting comes ahead of a gathering of top finance officials from the larger Group of 20 nations on Friday and weekend meetings of the International Monetary Fund and World Bank. "I think the G7 will be mostly about the global economic outlook in general, and Ukraine/Russia in particular," one source said.

Bank of England governor Mark Carney names IMF official to post of deputy governor

LONDON - The Bank of England has appointed an International Monetary Fund official to a new job overseeing markets and banking — a position created amid allegations that bank officials condoned fixing in currency markets. Nemat "Minouche" Shafik, the IMF's deputy managing director, will be one of two deputy governors and join the rate-setting Monetary Policy Committee. Her appointment Tuesday helps correct a gender gap at the bank. When she takes up her post at the start of August, she will be the only woman on the nine-member MPC.

Bank of England governor Mark Carney names IMF official to post of deputy governor

LONDON - The Bank of England has appointed an International Monetary Fund official to a new job overseeing markets and banking — a position created amid allegations that bank officials condoned fixing in currency markets. Nemat "Minouche" Shafik, the IMF's deputy managing director, will be one of two deputy governors and join the rate-setting Monetary Policy Committee. Her appointment Tuesday helps correct a gender gap at the bank. When she takes up her post at the start of August, she will be the only woman on the nine-member MPC.

G7 finance ministers say ready to aid Ukraine

WASHINGTON (Reuters) - Finance ministers from the Group of Seven developed nations said on Sunday they were prepared to provide "strong financial backing to Ukraine" and that support from the International Monetary Fund will be critical in unlocking other aid. "We are united in our commitment to provide strong financial backing to Ukraine," the G7 ministers said in a joint statement. (Reporting by Timothy Ahmann; Editing by Eric Walsh)

Russia will take part in talks on IMF financial aid to Ukraine-report

MOSCOW (Reuters) - Russia will take part in discussions on an International Monetary Fund (IMF) financial package for Ukraine and will not stand aside, Andrei Bokarev, head of the Finance Ministry's international relations department, was quoted as saying. Debt-stricken Ukraine has said it needs $35 billion over the next two years to stave off bankruptcy. The European Commission says Russia should be included in efforts to provide financial assistance.

Asia banking regulators agree to deal with credit stimulus tapering

Asian financial authorities agreed Wednesday to take necessary steps to avoid a negative impact on regional financial market of tapering of drastic monetary easing in industrialized countries, particularly the United States. "Normalization of those extraordinary monetary policy measures will be inevitable and will be imminent," Masamichi Kono, vice commissioner for international affairs at Japan's Financial Services Agency, said at a press conference after the fifth meeting of the Financial Stability Board Regional Consultative Group for Asia.

Exiting loose monetary policy must be communicated well: Germany

BERLIN (Reuters) - Unwinding ultra loose monetary policy will be a topic at this week's IMF and World Bank meetings, a German government official said on Tuesday, urging that such an exit must take place and be communicated well. The International Monetary Fund (IMF) said on Monday tighter monetary policy in advanced economies could create a bumpy ride for financial markets around the world that central banks may be unable to control.
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