Financial Regulatory Forum

China wants IMF to fix world monetary system, U.S. sees surveillance role

Reuters Staff
Oct 6, 2009 17:17 UTC
china | dominique strauss kahn | Geithner | global economy | International Monetary Fund | robert zoellick | World Bank

By Simon Rabinovitch and David Lawder
ISTANBUL, Oct 6 (Reuters) – The IMF needs to fix “intrinsic defects” in the world’s monetary system, China said on Tuesday as officials from around the globe wrestled with how best to ward off future financial crises.

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IMF, World Bank warn global cooperation may falter

Reuters Staff
Oct 2, 2009 16:39 UTC
economic crisis | economic recovery | International Monetary Fund | robert zoellick | World Bank

World Bank Group President Robert Zoellick enters the room to give a speech about the political and economic impact of the global economic crisis, and its implications for development and globalization, in Washington September 28, 2009. Zoellick sounded a cautionary note about granting greater regulatory power to the U.S. Federal Reserve and said the Dollar's future will "depend heavily on U.S. choices," during a speech on Monday. REUTERS/Molly Riley (UNITED STATES POLITICS BUSINESS) By Lesley Wroughton
ISTANBUL, Oct 2 (Reuters) – The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter if complacent policymakers lose their will to cooperate.

“The danger today is no longer, fortunately, one of a collapsing world economy,” World Bank President Robert Zoellick told a news conference. “The danger today is one of complacency.

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