WASHINGTON — Emerging economies have important lessons like fiscal discipline and investment in education that the United States should re-learn, US Federal Reserve chairman Ben Bernanke said Wednesday.
WASHINGTON – The global economy is firmly on the mend in 2011 but faces rising headwinds, particularly from higher oil prices, the International Monetary Fund said Monday.
The International Monetary Fund has decided to double its capital and adopted other reforms that will give China and other emerging-market economies a greater say in the financial institution.