Both houses of the German parliament on Friday approved the bill on the country's share of 148 billion euros in the rescue package and Koehler signed it at the weekend soon after his return from a visit to China and Afghanistan.
Horst Koehler, managing director of International Monetary Fund, has announced his resignation after being nominated to become the German President.
IMF managing director Horst Koehler said Raghuram Rajan has been at the forefront of his work on banking and financial sector issues.
The head of the International Monetary Fund on Tuesday forecast the global economy would grow by slightly more than 3 per cent this year and advanced economies may need to cut interest rates to support the recovery.\n\n\n\n
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances