G20 summit releases joint statement

G20 summit releases joint statement

(VOVworld) - The heads of the G20 nations are committed to stepping up efforts to achieve strong, sustainable, and balanced growth, according to a joint statement released Monday after a two-day...
Story behind yuan devaluation

Story behind yuan devaluation

(VOVworld)- The biggest 3-day devaluation of Chinese yuan since the establishment of the modern forex system in 1994 has shocked regional and global financial markets. The reasons behind...
IMF won’t join Greece bailout

IMF won’t join Greece bailout

(VOVworld) – The IMF will not join a new bailout program for Greece until conditions for debt sustainability, including debt relief and economic reforms, are clearly assured, an IMF official said...
SBV Governor receives IMF resident representatives

SBV Governor receives IMF resident representatives

(VOVworld) – The Governor of the State Bank of Vietnam (SBV), Nguyen Van Binh, received International Monetary Fund (IMF) Resident Representative for Vietnam, Sanjay Kalra, who is about to finish his official tenure in...
Greece submits request to IMF for new loan facility

Greece submits request to IMF for new loan facility

(VOVworld) - Greek finance minister Euclid Tsakalotos wrote in a letter to Christine Lagarde, the managing director of the IMF saying that Greece has formally submitted a request to the International Monetary Fund...
Is Greece really out of crisis?

Is Greece really out of crisis?

(VOVworld) – On Wednesday Greece’s parliament approved by a vote of 229 to 64 a bill on austerity measures requested by creditors in exchange for a new bailout package worth 86 billion euros...
IMF promises concessional loan to poor nations

IMF promises concessional loan to poor nations

(VOVworld) – The International Monetary Fund (IMF) will expand access to all its concessional facilities by 50 percent, and offer more concessional financing to the poorest and most vulnerable countries in...
Efforts to resolve Greek crisis

Efforts to resolve Greek crisis

(VOVworld) – The result of Greece’s referendum has created a problem for EU leaders. They now have to find a way to prevent Greece’s leaving the eurozone and perhaps...
Greece submits new proposal to creditors

Greece submits new proposal to creditors

(VOVworld) - Greece has submitted a new proposal to its international creditors in a last-ditch attempt to keep from defaulting on its IMF debt payment, which falls due on Tuesday