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Two scenarios for Vietnam's 2014 economic growth

 VietNamNet Bridge – Several scenarios for Vietnam’s economy have been put forth at a recent seminar organised by the Ministry of Planning and Investment. Report by Vietnam Business Forum.

BUSINESS IN BRIEF 23/12

 Transport contractors courted; Marlboro case could be stubbed out; SCIC to retain key stakes in some prominent firms; IMF: Deferred economic reform erodes confidence; Vietnam’s auto industry opportunities may slip away: Toyota

IMF: Gov’t succeeds in regaining macroeconomic stability

VietNamNet Bridge – IMF Resident Representative for Viet Nam Sanjay Kalra applauded on the Government’s success in stabilizing the macroeconomy, curbing with the inflation rate and accelerating the export turnover.

U.S. failure to raise debt ceiling could have serious global consequences: OECD chief

 Failure to raise the U.S. debt ceiling could have harsh economic consequences worldwide, Angel Gurra, secretary general of the Organization for Economic Cooperation and Development (OECD), warned Thursday.

IMF reports weaker economic growth in LatAm in first half of 2013

 Economic growth in Latin America in the first half of 2013 was weaker than forecast, according to an International Monetary Fund (IMF) report released Tuesday.

Failure to raise U.S. debt ceiling will affect global economy: IMF chief

 The International Monetary Fund (IMF) chief warned Thursday that if U.S. Congress failed to raise the government's borrowing authority, it would seriously damage both the U.S. economy and the global economy,

IMF chief urges better global policy coordination, tailored reforms

International Monetary Fund Managing Director Christine Lagarde on Thursday urged better global policy cooperation and economic reforms that could help tackle specific challenges in both advanced and emerging market economies.

IMF expects U.S. economy to grow by 1.7 pct in 2013

 Growth of U.S. economy will remain tepid through 2013, before accelerating in 2014, said the International Monetary Fund (IMF) on Friday.

Portugal president rejects call for snap elections

 Portuguese President Anibal Cavaco Silva has voiced support for the country's centre-right coalition government and rejected calls for snap elections to resolve a political crisis shaking the bailed-out nation.

IMF still sees risks in Spanish economic situation

 The International Monetary Fund (IMF) reported on Monday in its third report on the financial reform carried out in Spain that there were still risks for the Spanish economy and its banking system.

IMF cuts global economic forecast amid slower growth in emerging markets

 The International Monetary Fund (IMF) cut its 2013 growth forecast for the world economy Tuesday to 3.1 percent, due to a slowdown in several key emerging market economies.

IMF admits lessons learned from missteps in Greek bailout

 The International Monetary Fund (IMF) said on Thursday that lessons from the first bailout program for Greece have been internalized and the current rescue plan is "on track".

High public debt raises fiscal crisis risk: IMF official

An official of the International Monetary Fund warned here on Monday that high public debt would raise the possibility of fiscal crisis, and countries in different fiscal situations should take various fiscal adjustment paces.

IMF lowers global growth forecast to 3.3 pct in 2013

 The Washington-based International Monetary Fund (IMF) on Tuesday lowered its global economic growth rate forecast to 3.3 percent in 2013, 0.2 percentage point lower than its earlier estimate in January.

IMF warns of potential financial risks of loose monetary policy

 The International Monetary Fund (IMF) on Thursday warned central banks to be alert to the potential financial risks of super-loose monetary policy adopted to cope with the financial crisis.

IMF to offer $1.3 bln loan to Cyprus

 The Washington-based International Monetary Fund on Wednesday said that it plans to offer a three-year loan program in the amount of about 1.34 billion U.S. dollars as part of the latest global rescue program for Cyprus.

IMF urges countries to cut energy subsidies

 The International Monetary Fund urged countries to reduce subsidies on energy, saying they worsen government's fiscal positions and eventually create more advantages for the wealthy instead of the poor.

IMF sees prolonged recession major threat to Italian banks

 Italy's financial sector has stabilized but the continued slow growth remains a major threat to its banks, the International Monetary Fund (IMF) said Tuesday.

Public debt under control, finance ministry says

The Ministry of Finance said in a report released on Thursday that Vietnam’s public debt, which stood at 56.3% and 54.9% of the nation’s gross domestic product in 2010 and 2011 respectively, is under control,

World economy to strengthen modestly in 2013, says IMF

 The global economy is poised for a gradual upturn in 2013 as the constraints on growth gradually ease, but policy complacency should be guarded against as risks remain,