BREAKING NEWS

IMF members delete anti-protectionism pledge, keep currency commitments

By REUTERS

APRIL 22, 2017 20:17

WASHINGTON - Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism.

The International Monetary and Financial Committee, the IMF's steering body, also repeated its past commitments on currency exchange rates.

"We will refrain from competitive devaluations, and will not target our exchange rates for competitive purposes," the IMFC said in a statement.

"We will also work together to reduce excessive global imbalances by pursuing appropriate policies. We are working to strengthen the contribution of trade to our economies," it said.

IDF intercepts two drones fired by Islamic Resistance in Iraq

By JERUSALEM POST STAFF

11/05/2024 10:34 PM

Israeli strike on Lebanon town kills 15, Lebanese health ministry says

By REUTERS

11/05/2024 10:08 PM

US: Gallant was important partner, we’ll work collaboratively with Katz

By TOVAH LAZAROFF

11/05/2024 09:54 PM

Netanyahu denies reports he plans firing IDF chief, Shin Bet head

By JERUSALEM POST STAFF

11/05/2024 09:42 PM