South Korea says it is disappointed that North Korea failed to announce any economic reforms that some expected to be passed during a rare session of parliament held this week in Pyongyang. Sources said to be close to North Korean leadership tell Western news agencies that the impoverished, authoritarian state may soon allow farmers to […]
S.Korea ‘Disappointed’ at No Economic Reforms in Pyongyang
Posted September 26th, 2012 at 2:05 am (UTC-5)
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Burma President Promises ‘Second Wave’ of Reforms
Posted June 19th, 2012 at 6:15 am (UTC-5)
Burmese President Thein Sein has promised what he calls a “second wave of reforms” aimed at developing the impoverished country’s long-stagnant economy. Since taking office last year, the former army general has already presided over several political reforms, including the release of hundreds of political prisoners and allowing opposition groups back into politics. He said […]
IMF Urges China to Strengthen Yuan, “Rebalance” Economy
Posted July 21st, 2011 at 1:20 am (UTC-5)
The International Monetary Fund is calling on China to undertake a series of reforms of its financial system, including loosening controls on its currency. The Washington-based institution said Wednesday the yuan, also known as the renminbi, is “substantially” undervalued even though China has allowed it to gradually appreciate against the U.S. dollar since last year. […]
IMF Critics Call For Reforms
Posted June 28th, 2011 at 2:35 pm (UTC-5)
Critics of the International Monetary Fund are calling for reforming the global lender and changing the way it picks leaders, as French Finance Minister Christine Lagarde was chosen to be the next IMF managing director on Tuesday. The head of the world’s largest bond fund, economist Mohamed El-Erian says she should “hard-wire” a selection process […]
IMF Critics Call For Reforms
Posted June 28th, 2011 at 1:10 pm (UTC-5)
Critics of the International Monetary Fund are calling for reforming the global lender and changing the way it picks leaders. The head of Pimco, the world’s largest bond fund, economist Mohamed El-Erian says French Finance Minister Christine Lagarde is likely to be the next IMF Managing Director. He urges her to “hard-wire” a selection process […]
Morocco’s February 20 Movement to Protest King’s Reform Plan
Posted June 18th, 2011 at 6:10 am (UTC-5)
Morocco’s youth-based February 20 Movement is calling for a nationwide protest Sunday, saying King Mohammed’s plan to limit his power does not go far enough. The pro-reform group said Saturday the monarch’s proposal does not meet its “demands for a true separation of powers.” The February 20 Movement — named for the date its demonstrations […]
Moroccan King Vows to Reduce His Powers in Reform Effort
Posted June 17th, 2011 at 9:10 pm (UTC-5)
Moroccan King Mohammed VI on Friday promised reforms that will limit his power in a series of constitutional changes. The king announced the proposals in a televised nighttime address to the nation. Moroccans will be able to vote next month in a referendum on the changes, which would strengthen the office of prime minister and […]
Moroccan King Vows to Reduce His Powers in Reform Effort
Posted June 17th, 2011 at 4:40 pm (UTC-5)
Moroccan King Mohammed VI on Friday promised reforms that will limit his political and religious powers in a series of constitutional changes. The king announced the proposals in a televised nighttime address to the nation. Moroccans will be able to vote next month in a referendum on the changes, which would strengthen the office of […]
