BACKDOC: WOW! THUNDER THIS LOOKS LIKE THE IMF IS STARTING TO MAKE THEIR MOVE IN ASIA FIRST. BEING CALLED TO IMPLEMENT SUPPORTIVE MONETARY POLICY. MMMMM (see article below)
I CANT WAIT TO SEE IF SOMETHING SHOWS UP ON SOME OF THE ASIAN COUNTRIES ON THE 15th. Hee Hee. FORTUNATELY ITS A TUES.
WE CAN ONLY WATCH AND WAIT FOR THIS ACTION THEY ARE CALLING FOR. REALIZE THEY ARE NOT SAYING STIMULUS LIKE CHINA HAS DONE OR THE ECB.
THEY ARE CALLING FOR A POLICY ACTION TO BE IMPLEMENTED.
THIS SCREAMS SOME TYPE OF RATE CHANGE WITH SOMEONE OR MORE THAN ONE COUNTRY.
WE GO FROM EAST TO WEST! DOC IMO
Thunderhawk: Did you read the part in the second article that says India’s “fiscal year ending March 31” MMMMM…..Don’t know about anyone else but that sure writes volumes to me !!!!
Thunderhaawk: ACTION MEGA ALERT
IMF Chief Calls on Asian States to Implement Supportive Monetary Policy
Christine Lagarde urged Asian countries to conduct supportive monetary policy in response to global economic challenges.
IMF Managing Director Christine Lagarde on Saturday called on the Asian states to implement supportive monetary policy and effective fiscal measures to response to the global economic challenges.
“Global economy is actually facing significant challenges — volatile markets and capital flows, significant economic transitions, financial tightening in many economies, the large drop in commodity prices, including oil, and escalated geopolitical conflicts. What should be Asia’s response? Some of the broad principles are well-known. Supportive monetary policy… growth-friendly fiscal measures, macro-prudential measures to safeguard financial stability,” Lagarde said at the Advancing Asia conference in India.
She added that the structural reforms are key to boost competitiveness, growth and to create new jobs.
On March 11-13, the Indian capital of New Delhi is holding a conference Advancing Asia: Investing for the Future. During the conference representatives of Asia-Pacific countries, as well as the international organizations, such as the IMF, discuss the issues of economic growth, inequality and shortage of investments Asia-Pacific states face.
http://www.ooyuz.com/geturl?aid=10787629
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IMF Chief Calls on Asian States to Implement Supportive Monetary Policy
Recalling that India was represented in the 1944 meeting that gave birth to the International Monetary Fund, the Prime Minister said India has always had great faith in multilateralism.
“We do not follow “beggar thy neighbour” macroeconomic policies”, Modi told a conference organised by the International Monetary Fund on Saturday.
“The entrepreneurship is booming in the country following a series of steps we have taken”.
Observing that India’s star is shining bright, IMF Managing Director Christine Lagarde suggested that India should encourage private investment, make product markets more efficient and work to improve infrastructure.
Despite devaluation of currencies by some countries and global economic challenges, Modi said India was a “haven of macro-economic stability and a beacon of hope” , with the country boosting its growth projection for the fiscal year ending March 31 to 7.6%.
Outlining India’s achievements in the last few months and its priorities for the period ahead, Mr. Modi said the country had recorded major gains in macro-economic stability. “We have increased investment in rural and agriculture sector, because that is where majority of India still lives”. “It’s the world’s fastest growing largeeconomy, on the verge of having its largest, youngest ever workforce – and, in a decade’s time, set to become the world’s most populous country”.
It will build upon the IMF’s in-depth experience with capacity development by drawing on the experiences of the IMF’s Regional Technical Assistance Centers and Regional Training Centers, which have a proven track record of delivering technical assistance on economic institution building.
“Successfully dealing with these kinds of structural issues will not only support Asia’s near- and medium-term prospects, but secure the foundations on which to unlock the region’s exciting future potential”, she said.
India, she stressed, “stands at a crucial moment in its history – with an unprecedented opportunity for transformation. And with the promise of even more reforms to come, India’s star shines bright”. The IMF chief said that Asia’s income equality has worsened since 1990, adding that almost two-thirds of the world’s poor can be found living in the region. The economy could get fortified with measures like labor market reforms, early implementation of the goods and services tax (GST) and the bankruptcy code coming into effect, she said as per the report.
With more financial integration, perils to the world economy would continue existing. Economists have commented on the savings ethic of Asian countries.
http://www.tjcnewspaper.com/wp…..x450_c.jpg
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IMF Chief Calls on Asian States to Implement Supportive Monetary Policy
Lagarde, who was reappointed last month for a second five-year term, called Asia the “world’s most dynamic region”, noting it accounts for 40 percent of the world economy and will deliver almost two-thirds of global growth over the next four years.
“So, India stands at a crucial moment in its history – with an unprecedented opportunity for transformation”. Mr. Modi said India has a special place in Asia and has shown that a large diverse country can be managed in a way that can promote economic growth and maintain social stability. Addressing MOF-IMF Conference on “Advancing Asia: Investing for the Future”, Prime Minister Narendra Modi stated that reform of global institutions has to be an on-going process, adding, it must reflect changes in the global economy, and the rising share of emerging economies.
The signing of this Memorandum of Understanding (MOU) represents a key step toward a fully integrated capacity development center in New Delhi, and demonstrates the shared commitment between the International Monetary Fund and its membership in using technical assistance and training as vehicles for economic stability and inclusive growth. “Global economy is actually facing significant challenges – volatile markets and capital flows, significant economic transitions, financial tightening in many economies, the large drop in commodity prices, including oil, and escalated geopolitical conflicts”.
Christine Lagarde, Managing Director, International Monetary Fund (IMF) will make the Opening Remarks on the occasion. The funding will come from contributions by regional member countries and development partners. The policy specifics, Lagarde said, would “vary across countries and according to circumstances”. “I am not suggesting that we cover each other with colour or spray water as is customary (we will leave that to children)”.
‘Increased interconnectedness means that Asia now affects the world more than ever before, ‘ she said. Many countries in the continent pulled off economic “miracles”, and several became world powerhouses, she said. For the past 25 years – the Asian crisis notwithstanding – the region’s economy has grown by around 6 per cent a year. “We are a ray of hope for global economic recovery”, he said. Our rapid economic growth is also very distinct in Asia. “An initiative of Prime Minister Modi’s government, for example, is to improve women’s welfare services under Beti-Bachao, Beti-Padhao”, the IMF MD said.
http://cinemablaze.com/2016/03…..rtive.html
ENJOY Blessings ThunderHawk
Thunderhawk: Iran calls for full access to international banking, sees UK role
Iran needs full access to the international banking system, the chief of staff to President Hassan Rouhani said on Thursday, adding that London has an important role to play in this following the lifting of sanctions.
International sanctions against Iran, including banking restrictions, ended in January under a deal with world powers in which Tehran agreed to curb its nuclear program.
But Mohammad Nahavandian, speaking at the Royal United Services Institute in London, said there should be greater clarity about the application of secondary U.S. financial sanctions to allow non-U.S. banks to conduct business freely with Iran.
“We need to see facilitation of banking relations as soon as possible and as complete as possible, and London can do that,” he said, according to Reuters.
U.S. measures including a ban on dollar trading and a freeze on U.S. banks engaging in trade remain in place. This has left non-U.S. banks and insurers wary of processing transactions with Iran, fearing they may still fall foul of the existing measures and a lack of clarity on what they are able to do, Reuters reported.
“Big banks are still worried about primary sanctions from the United States, I think they have to come with a very clear interpretation drawing the line between primary sanctions and secondary sanctions,” he said. “Non-U.S. banks should not be limited in any kind of banking transactions with Iranian banks.”
http://www3.irna.ir/en/News/81998616/
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Thunderhawk: Here we go – I’ve been waiting for this!!!
I have always felt the day we see Vietnam and Iraq at the table, would be a day to remember.
ONE step closer Iran? or are we already there?
Maybe the handshake with VIETNAM benefits both shia brothers. MMMMM
WE shall see !!! Won’t we? ThunderHawk IMO
Vietnam President due in Iran on Sunday
Vietnamese President Truong Tan Sang is due to visit Iran on Sunday for talks with Iranian officials on expansion of bilateral relation following the lifting of arbitrary sanctions imposed on Tehran.
The Vietnamese president, who will arrive in Mozambique later today, is scheduled to leave Mozambique for Tehran after winding up his visit to the African capital.
The presidents of Iran and Vietnam met in Jakarta last April on the sidelines of the 2nd Asian-African Conference Summit.
Now as the Western sanctions on Tehran are lifted, the three-day visit to Tehran by the Vietnamese president can be of special significance to help the enhancement of ties.
Truong Tan Sang is to confer with his Iranian counterpart Hassan Rouhani and other Iranian officials on economic, financial and banking relations as well as cooperation in oil and gas.
Trade between Iran and Vietnam shrank during the sanctions times amounted to $106.7 million last year, $77.2 million of which was Vietnam’s exports to Iran.
http://www3.irna.ir/en/News/81998660/
