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DUBAI, Aug. 9 (Xinhua) -- At the FIBA men's U-17 basketball World Championships, the United States, Australia, Serbia, Puerto Rico and Argentina kicked off the nine-day long tournament with two victories each.


The US team defeated Greece and Angola respectively on Friday and Saturday, while Serbia won over China and Egypt.


Australia who won over Japan on Friday, scored an 84-81 victory over France. On the winning streak likewise is Puerto Rico which edged Spain in a dramatic 67-65 on Friday, beat Italy 58-51 on Saturday.


The Chinese team failed to reverse the tricky start of the preliminary rounds which featured five matches on Saturday by losing 75-70 against Argentina in a tight fight.


After the opening two days' competition, four teams of the Philippines, Japan, China and the host United Arab Emirates, lost two matches each to place last in their respective groups.


This is the first time the U-17 World Championships are being held outside Europe.


The championships, which features 16 teams in four groups, will resume competition on Monday after a break on Sunday, with the final scheduled on Aug. 16 in the Hamdan Sports Complex.


WASHINGTON, Nov. 14 (Xinhua)-- The International Monetary Fund (IMF) managing director Christine Lagarde said on Thursday that Ireland's policy efforts paved the way for its exit from international bailout.


"The Irish authorities have established a very strong track record of policy implementation. This bodes well as Ireland exits its EUIMF-supported program," Lagarde said in a statement.


"Although uncertainties remain in Europe and the global economy more broadly, Ireland is in a strong position in terms of its bond yields and has built a sizable cash buffer. We look forward to continuing to work with the authorities as they address the challenges that remain," she added.


Her comments came as Ireland's Prime Minister Enda Kenny confirmed on Thursday that the country will exit the three-year international bailout agreement next month without seeking precautionary credit line.