IMF, World Bank 2015 spring meetings in WashingtonThe following are highlights of the International Monetary Fund and World Bank meetings on Saturday in Washington, where finance ministers, central bankers and other top officials are gathering. RUSSIAN FINANCE MINISTER ANTON SILUANOV IN STATEMENT TO IMF STEERING COMMITTEE ON MONETARY EASING "One of the principal sources of uncertainty in the world economy may well be doubts about the success of unconventional monetary policies in Japan and the euro area. ... The Japanese experiment shows the limitations of accommodative monetary policy in the presence of deeply entrenched structural problems." ON NEW DEVELOPMENT BANKS "We believe that the creation of new international development banks, such as the BRICS New Development Bank and the Asian Infrastructure Investment Bank, will help boost growth in the world economy over the medium term." ON IMF QUOTA REFORMS "The two interim options that have been proposed ? the delinking and ad hoc solutions ? make sense only if they do not inhibit the rapid completion of the 2010 reforms.
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Wizards down Raptors in Toronto to open playoffs
The Washington Wizards, led by a strong performance from Paul Pierce, held on for a 93-86 overtime win over Toronto on the Raptors' home floor on Saturday to open the NBA playoffs. The Wizards squandered a lead that stretched to as many as 15 points in the fourth quarter, but allowed the Raptors to score just four points in overtime to seal the victory in the opener of the best-of-seven Eastern Conference first-round series. In the extra session they limited the Raptors to just 2-of-9 shooting from the floor, 0-of-4 from three-point range.
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Messi nets 400th Barca goal, Bale injured in Madrid win
Lionel Messi scored the 400th goal of his Barcelona career as the Catalans beat Champions League-chasing Valencia 2-0 at the Camp Nou on Saturday. Real Madrid remain just two points behind Barca at the top of the table as goals from Sergio Ramos, James Rodriguez and Cristiano Ronaldo secured a 3-1 win over Malaga despite a rare missed penalty from Ronaldo.
IMF nations point to exchange rate, geopolitical risks
By David Chance and Anna Yukhananov WASHINGTON (Reuters) - The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they took note of "moderate" global growth and "uneven prospects." While economies in developed countries have strengthened, some emerging nations are being hit by weaker commodity prices and exports, the IMF's steering committee noted in a communique. With the United States poised to hike interest rates, the panel - speaking for the Fund's 188 member nations - said moves toward "policy normalization" needed to be effectively communicated to reduce adverse impacts on other economies. "I came out of this meeting with a sense of optimism," the chairman, Mexican Finance Minister Agustin Carstens, said. "The fact that a lot of the discussion basically rotated around how to increase growth ... and not only discussing risks - I think that was a very good sign." The spring meetings of the IMF and World Bank, which conclude on Sunday, have taken place amid growing concerns cash-strapped Greece will fail to reach agreement with its European Union and IMF creditors on reforms that would unlock bailout cash and stave off default.
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Charges dismissed against Missouri officer in shootingKANSAS CITY, Mo. (AP) ? Prosecutors have dismissed charges against a Missouri police officer who was indicted in the nonfatal shooting of a man during an arrest last summer, saying they wouldn't have been able to get a conviction.
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