Word: imf
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Dates: during 2000-2009
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TURKEY Ankara is worried that postwar instability in Iraq would provoke Iraqi Kurds to assert their independence, thereby inciting Turkish Kurds to follow suit. Still, Turkey has strong historical ties with the U.S. and counts on Washington's backing for further IMF assistance. The pro-Islamic government would probably allow the U.S. to use some air bases and would support special forces en route to Iraq but not the transit of large numbers of ground troops...
...issue, one on which there is a broad popular demand for change. That has given Fayyad, a former official of the International Monetary Fund with a Ph.D. in economics from the University of Texas, the confidence to order the scrubbing of the Authority's books. Says Karim Nashashibi, the IMF's representative in the West Bank and Gaza: "There has been more progress in financial reform than in any of the other reforms...
Worth raising a glass to, right? But all last week's election in Brazil got from Wall Street was a Bronx cheer. The Brazilian currency, the real, continued a slide that, apart from a brief rally after an International Monetary Fund (IMF) rescue package last August, has gone on all year. In the markets, interest rates on Brazilian bonds (a proxy for the extent to which Wall Street regards investment in Brazil as a risk) are running more than 20 percentage points above comparable U.S. securities...
...government than Wall Street seems to be. After years of failure, says Williamson, the Workers' Party is now electable precisely because its policies have "converged on the middle ground." Whatever its program may have been in the past, the party now seems ready to accept the strictures of the IMF and U.S. Treasury, including tight government budgets and a commitment to pay off the debt. Given the economic constraints, a Lula government would be likely to concentrate on those areas that the Workers' Party has stressed when it has run state and local governments, especially expanding educational opportunities and improving...
...early morning hoops action. Whatever obstacles he faces on the basketball court, Veltchev's task of restructuring Bulgaria's economy and helping prepare the country for eventual entry to the E.U. is proving equally bruising. Despite putting into place such measures as electricity and heating price hikes to meet imf and World Bank commitments, Bulgaria was not even given a date for accession to the E.U. in the round of expansion announced this month. With unemployment hovering around 17%, and 12.6% of people below the poverty line, Bulgaria is far from meeting the E.U.'s strict fiscal requirements. Veltchev...