May 10, 1998 |
Foreign ministers from the Group of 15, an affiliation of developing countries, met here Saturday to pick through the lessons of the Asian financial crisis and try to rally their combined forces in world trade talks. The ministers were meeting ahead of a three-day summit opening on Monday, which Indonesia's President Suharto will attend in spite of riots and economic turmoil at home.
May 20, 1996 |
Finance ministers from the Americas pledged over the weekend to stay the course on economic reform by fighting inflation and working to live within their means so as to reduce the risk of another Mexican-style economic upheaval. "We are committed to developing and maintaining fiscal and monetary policies that bring inflation down to low levels and keep it there," said a communique issued after two days of intense and far-reaching discussions. U.S. Treasury Secretary Robert E.
October 8, 1995 |
The world's leading industrial democracies Saturday applauded the reversal of the dollar's decline and pressed ahead with plans to create a $50-billion emergency fund to bail out troubled economies of developing nations. Top finance ministers of the Group of Seven, meeting in Washington, also saluted what Treasury Secretary Robert E. Rubin called "Russia's impressive compliance" with strict fiscal boundaries intended to bring down inflation and budget deficits.
April 30, 1990 |
Stock markets in developing countries are booming, with many of them out-performing those in the United States and Japan, data compiled by the International Finance Corp. shows. Turkey, Argentina, Taiwan and Thailand became the first, second, fourth and fifth best-performing stock markets in 1989 based on price index changes calculated in U.S. dollar terms, according to IFC, a Washington-based affiliate of the World Bank.
March 4, 1991
SIX BRITISH AID AGENCIES, including Oxfam and the Save the Children Fund, called on the world community to compensate about 40 developing countries whose economies were stung by the Gulf War. Citing a report by the independent Overseas Development Institute, the agencies estimated the direct cost of the conflict to these countries at $12 billion, or from 1% to 25% of their gross national product.