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Sunday, April 21

21st Apr - Special: IMF / G20 / WTO Meeting

This will be updated later, if something comes up.

Previously on MoreLiver’s:

Current specials:

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(video) Press Briefing: G-24 MeetingIMF

(video) Press Briefing: IMF Asia and Pacific Economic OutlookIMF

Communique of the Twenty-Seventh Meeting of the IMFCIMF

Managing Director's Global Policy AgendaIMF

IMFC Statements
Oswaldo Tapia S., Head, Energy Studies Department, OPEC – IMF (pdf)
Olli Rehn, Vice-President, European Commission (EC) – IMF (pdf)
Pascal Lamy, Director-General, Office of the Director-General, WTO – IMF (pdf)
Michael Noonan, Minister of Finance, EU Council of EcoFin – IMF (pdf)
Guy Ryder, Director General, International Labour Organization – IMF (pdf)
Anders Borg, Minister of Finance, Ministry of Finance, SwedenIMF (pdf)
Jacob J. Lew, Secretary of the Treasury, United StatesIMF (pdf)
Ms. Eveline Widmer-Schlumpf, Minister of Finance of Switzerland – IMF (pdf)
Jim Flaherty, Minister of Finance, Department of Finance, CanadaIMF (pdf)
Wolfgang Schäuble, Minister of Finance, GermanyIMF (pdf)
Zhou Xiaochuan, Governor, People's Bank of China – IMF (pdf)

George Osborne, Chancellor of the Exchequer, United KingdomIMF (pdf)

(video) Toward a Stronger Eurozone: Fostering Growth and Completing the Architecture of EMUIMF

(video) Press Briefing: IMFC Chair Shanmugaratnam and IMF MD LagardeIMF


The IMF needs to overcome its bipolar personalityFortune
As officials gather this weekend in Washington for the semi-annual policy meetings, Mohamed A. El-Erian assesses the problems and solutions to the IMF's twin personality.

Guest post: Time for a transparency revolution at the IMFalphaville / FT
The IMF holds its Spring Meeting in Washington DC this weekend, amid continued debate over how it has responded to the eurozone crisis. Gabriel Sterne, a senior economist at Exotix with two decades of public sector experience including at the IMF, presents his case for reforming the Fund.

The No-Growth MeetingsCFR
Europe is first on the list of concerns, along with a slowdown in China and US fiscal drag.  You would think that it would be easy, therefore, to produce G-7 and G-20 communiques that were pro-growth and highlighted the need for countries to act where they have the space.  Apparently, that’s not the case, with the key players as divided as ever.

Statement On Japanese Devaluation (But Nobody Mention The Yen)ZH

Friday Highlights: IMF, World Bank, G20 meetings in WashingtonReuters
Saturday Highlights: IMF, World Bank, G20 meetings in WashingtonReuters

G20 backs off austerity drive, rejects hard debt cut targetsReuters
Finance leaders of the G20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt 

Counterparties: The economics of flying blindFelix Salmon / Reuters

G-20 Eyes Stimulus Fallout Even as Japan Bond Buying PraisedBB
In a nod to concerns that stimulus in one economy often creates challenges elsewhere and could fuel asset bubbles, the G-20 officials meeting in Washington heightened their commitment to being “mindful of unintended negative side effects stemming from extended periods of monetary easing.”

EU Rebuts Austerity-Obsessed Image, Defends Growth PlansBB
There is a “misunderstanding” that the EU and the euro zone are “only fixated on austerity,” Dutch Finance Minister Jeroen Dijsselbloem told reporters today at the World Bank and International Monetary Fund’s spring meetings. He said the EU will slow down the pace of debt-cutting efforts to accommodate challenges, giving crisis-stricken nations such as Portugal more time if necessary.

Great Recession and Not-So-Great RecoveryGavyn Davies / FT
The IMF’s conclusion is familiar enough: less fiscal tightening should take place in the US this year, along with longer term fiscal reform; root and branch restructuring and recapitalisation of the European banking sector is essential; and monetary accommodation is still needed because it is the only game in town. A familiar message, but this week there was little sign that any of the major policy-makers were listening.