^

Nation

IMF head calls for exchange rate flexibility, tight fiscal policy in emerging economies

-
July 31, 2007 | 8:04pm

MANILA (AP) - Emerging economies should promote flexible exchange rates and, in some cases, tighten fiscal policy to guard against volatility in capital flows, the chief of the International Monetary Fund said Tuesday.

Emerging markets that have recently benefited from the steady inflow of portfolio capital should brace themselves for the fickle nature of the investments, Rodrigo de Rato told businessmen in Manila.

He suggested a twofold response to a possible abrupt reversal of substantial capital flows: sound macroeconomic management and financial sector deepening.

vuukle comment

ABRUPT

BENEFITED

BRACE

BUSINESSMEN

CAPITAL

EMERGING

FLOWS

INTERNATIONAL MONETARY FUND

MANILA

RODRIGO
  • Latest
  • Trending
Trending
Latest
Trending
abtest
abtest
Driver of Senate-plated SUV who used EDSA busway surrenders

Driver of Senate-plated SUV who used EDSA busway surrenders

By Ian Laqui | 2 days ago
The driver of a luxury sports utility vehicle (SUV) with a protocol plate for senators, who illegally used the EDSA busway...
Nation
fbtw
Bomb-maker surrenders from NPA’s Bukidnon group

Bomb-maker surrenders from NPA’s Bukidnon group

By John Unson | 10 hours ago
Another member of the New People’s Army, trained in the fabrication of powerful improvised explosive devices, surrendered...
Nation
fbtw
Metro Manila kasambahay to get pay hike

Metro Manila kasambahay to get pay hike

By Mayen Jaymalin | 1 day ago
Domestic workers in the National Capital Region will receive a wage increase.
Nation
fbtw
Officials destroy P55M worth of shabu seized in BARMM operations

Officials destroy P55M worth of shabu seized in BARMM operations

By John Unson | 1 day ago
Officials of law enforcement agencies destroyed P55 million worth of confiscated shabu in a power generation incinerator of...
Nation
fbtw
Deputy LTO chief, business owners shot in Calapan

Deputy LTO chief, business owners shot in Calapan

By Ed Amoroso | 5 hours ago
A heated argument over a routine Land Transport Office checkpoint inspection led to the shooting of the LTO assistant district...
Nation
fbtw
Latest
abtest
Ex-BARMM local gov’t minister aspiring for seat in region’s parliament

Ex-BARMM local gov’t minister aspiring for seat in region’s parliament

By John Unson | 12 hours ago
The former local government minister of the Bangsamoro region, who was legal adviser to the Moro Islamic Liberation Front...
Nation
fbtw
NCRPO, ACG heads axed over POGO raid

NCRPO, ACG heads axed over POGO raid

By Christine Boton | 1 day ago
The directors of the National Capital Region Police Office and Anti-Cybercrime Group have been relieved from their posts...
Nation
fbtw
CIDG, BIR seize P2.4 billion fake Cigarettes

CIDG, BIR seize P2.4 billion fake Cigarettes

By Emmanuel Tupas | 1 day ago
Counterfeit cigarettes valued at P2.4 billion were confiscated when authorities raided a factory and warehouses being operated...
Nation
fbtw
LRT-1 trips to reach Sucat this month

LRT-1 trips to reach Sucat this month

By Elijah Felice Rosales | 1 day ago
Commuters are set to travel faster to the south of Metro Manila, and soon to Cavite, as the Light Rail Transit Line 1 is...
Nation
fbtw
PCG to get 40 patrol boats from France

PCG to get 40 patrol boats from France

By Evelyn Macairan | 1 day ago
Starting 2026, the Philippine Coast Guard will acquire 40 fast patrol craft from France to improve the PCG’s search...
Nation
fbtw
Recommended
Are you sure you want to log out?
X
Login

Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Get Updated:

Signup for the News Round now

FORGOT PASSWORD?
SIGN IN
or sign in with