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  • Development Committee Communiqué - Joint Ministerial Committee Of The Boards Of Governors Of The Bank And The Fund On The Transfer Of Real Resources To Developing Countries, Washington, DC October 11, 2014

    Date 12/10/2014

    1. The Development Committee met today, October 11, 2014, in Washington, D.C.

    2. The global economy remains on a cautious watch and is subject to considerable downside risks. Shared prosperity will require inclusive economic growth, job creation, and a sustained multilateral effort to empower the poorest and most vulnerable. We encourage the World Bank Group (WBG) and the International Monetary Fund (IMF) to work together with member countries to implement bold policies to boost growth and to build resilience.

  • Communiqué Of The Thirtieth Meeting Of The IMFC Chaired By Mr. Tharman Shanmugaratnam, Deputy Prime Minister Of Singapore And Minister For Finance

    Date 11/10/2014

    The global recovery continues, but is uneven and weaker-than-expected, and downside risks have increased. We are committed to lifting potential growth and to creating a more robust, sustainable, balanced, and job-rich global economy. We will pursue bold and ambitious measures to: invigorate demand and remove supply constraints through appropriate macroeconomic policies and critical structural reforms; place government debt on a sustainable track; safeguard financial stability; reinforce cooperation to manage spillovers; and continue to rebalance global demand. We are deeply concerned about the human and socioeconomic impact of Ebola. We welcome the Managing Director’s Global Policy Agenda.

  • The IMF Launches Consultations With Its External Advisory Group On Islamic Finance

    Date 11/10/2014

    The Interdepartmental Working Group on Islamic Finance (IDWGIF) of the International Monetary Fund (IMF) held its first meeting with its External Advisory Group (EAG) on October 9, 2014, in Washington, D.C. to discuss key policy issues in Islamic Finance and development of sukuk market.

  • Canadian Securities Regulators Provide An Update On Early Warning Reporting System Project

    Date 10/10/2014

    The Canadian Securities Administrators (CSA) today published CSA Notice 62-307 Update on Proposed Amendments to Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids, National Instrument 62-103 Early Warning System and Related Take-Over Bid and Insider Reporting Issuesand National Policy 62-203 Take-Over Bids and Issuer Bids (“CSA Notice 62-307”)which provides an update to market participants on the status of proposed amendments to the early warning reporting regime (the Draft Amendments). 

  • Liberty Reserve Founder Extradited From Spain

    Date 10/10/2014

    The founder of Liberty Reserve, a virtual currency used by cybercriminals around the world to launder proceeds of their illegal activity, was extradited from Spain and arrived in the United States this afternoon.