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India and China are the new drivers of global economic growth, replacing the United States and other developed countries, according to Rodrigo Rato, managing director of the International Monetary Fund.

Treasury Secretary Henry Paulson said on Thursday he considered France's Dominique Strauss-Kahn a good candidate to take over the International Monetary Fund and urged continued reform at the lender.

The International Monetary Fund urged Denmark on Thursday to slow its economic growth for next year by issuing higher interest rates.

The World Bank announced on Wednesday that it would give a $70 million grant for a trust fund for Lebanon to support the country's reconstructions efforts in the aftermath of the conflict between Israel and Hezbollah.

As the International Monetary Fund embarks on a second round of reforms to give developing countries more say in the institution, the World Bank signalled on Wednesday that it was ready to go the same route.

An agreement to boost the voting power of emerging nations in the International Monetary Fund is just the start of a difficult process, the IMF's head said on Wednesday, as the World Bank signaled it was ready to go the same route.

World economic growth may be cresting after the strongest showing in three decades, making it imperative that countries revive global, market-opening talks to tap the benefit of expanded trade, the head of the IMF said on Tuesday.

Chancellor Gordon Brown suggested on Monday economic growth this year would turn out stronger than forecast in his budget a timely boost as he sets out his pitch to succeed Prime Minister Tony Blair.

Union Minister of Commerce & Industry, Kamal Nath, will participate in a high-level round table discussion on Africa-Asia Trade & Investment during the World Bank and International Monetary Fund (IMF)'s Annual Meetings in Singapore, on September 17, 2006.

Global financial markets remain strong but risks of an economic slowdown have increased, which could trigger corrections more severe than the one in May, the International Monetary Fund said on Tuesday.

Japanese Finance Minister Sadakazu Tanigaki said on Friday that G7 financial heads would discuss exchange rates when they meet in Singapore on September 16, but he declined to say if the yen would be at the center of those talks.

A proposed new IMF lending facility to avert crises in emerging market countries would only be available to those with strong performing economies, sustainable debt and transparent reporting systems, a draft of the proposal obtained by Reuters says.

The head of the International Monetary Fund Rodrigo de Rato said Thursday that deflation has, by most measures, ended in Japan and that with more economic reform efforts, Japan will overcome significant challenges to come.

With a chance for stability following the first democratic election in over 40 years, the Democratic Republic of Congo is seen as a country with strong potential, especially in its natural resources.With a chance for stability following the first democratic election in over 40 years, the Democratic Republic of Congo is seen as a country with strong potential, especially in its natural resources.

As it faces a potential shortfall, the International Monetary Fund (IMF) announced on Thursday that it would enlist the help of prominent financial figures to help find new ways to meet expenses.

Finance ministers endorsed proposals Sunday intended to make it easier for international lending institutions to deal with soaring oil prices, trade gaps and other problems that threaten to derail growth.