Saturday
February 9, 2013
Results for: imf

  • 06/02/2013 | Argentina

    CFK says 'ban' is most effective sanction for ratings agencies

    President Cristina Fernández de Kirchner stated in her Twitter account that the "ban to act as rating agencies should be the most real and effective sanction" for those agencies that failed the citizens and investors.

  • 17/01/2013 | Argentina

    IMF board of directors to discuss Argentine statistics on February 1st

    The board of directors of the International Monetary Fund will review Argentine statistics on February 1st, managing director Christine Lagarde announced today.

  • 02/02/2013 | Argentina

    CFK hits back at IMF

    Cristina Fernández de Kirchner hit back at the International Monetary Fund today following it decision to sanction Argentina for its lack of credibility regarding official statistics.

  • 04/02/2013 | Argentina

    Lorenzino bashes IMF 'economical recipes'

    Economy Minister Hernán Lorenzino bashed the International Monetary Fund (IMF) by assuring that “its recipes include unemployment, higher taxes and level of international indebtedness.”

  • 15/10/2012 | Argentina

    CFK: 'IMF admitted developed countries are complicating emerging countries' lives'

    President Cristina Fernández de Kirchner affirmed that she "almost fell flat on my back" when she was informed that the International Monetary Fund (IMF) had admitted that the developed countries "are complicating the emerging countries' lives," regarding the international crisis.

  • 13/12/2012 | Argentina

    IMF confirms December report, no action until 2013

    The board of directors of the International Monetary Fund (FMI) will not make any decision over Argentina at least until next year, although it will send a report on Monday, the fund's spokesman, Gerry Rice, said.

  • 17/12/2012 | Argentina

    IMF board to discuss Argentina's official index in January

    The board of directors of the International Monetary Fund (IMF) will visit Argentina by the end of January to debate the country's improvement in the quality of its official economic index, IMF spokesman announced yesterday.

  • 01/10/2012 | Argentina

    'Argentina doesn't owe the IMF an explanation,' Senator Fernández

    Victory Front Senator Aníbal Fernandéz reiterated today the country doesn’t owe the International Monetary Fund (IMF) an explanation over the inflation statistics given out by the INDEC National Statistics Institute.

  • 08/10/2012 | Argentina

    Cosentino heads Argentine envoy at IMF, World Bank assembly

    Finance secretary Adrián Cosentino will head the Argentine envoy that will participate at the IMF and World Bank annual assembly to be held at Japan.

  • 12/10/2012 | Argentina

    'Argentina doesn't owe a dollar to the IMF'

    Argentina's Ambassador in the United States, Jorge Argüello, stated that the International Monetary Fund (IMF) will have to redefine itself after "having abandoned its original role" for which it was created for.

  • 20/04/2012 | Argentina

    IMF says YPF's expropriation is a 'bilateral affair'

    By Carlos Burgueño
    Argentina got its first point in the diplomatic match with Spain over YPF’ nationalization. The International Monetary Fund (IMF) decided to call the conflict a “bilateral affair” and “a decision of a sovereign nation,” words pronounced by the IMF’s Latin America and Caribbean Department Director Nicolas Eyzaguirre during a news briefing at the IMF, World Bank Spring 2012 meetings in Washington.

  • 20/04/2012 | Argentina

    YPF, out of international agenda until June

    By Carlos Burgueño
    The government’s decision of nationalizing YPF will be discussed in June in Los Cabos, Mexico, during the G-20 summit. Until then, there will not be any official statements as a result of several meetings held last night in Washington by Economy Minister Hernán Lorenzino with high-ranking officials.

  • 17/09/2012 | Argentina

    IMF delays Argentina's statistics report

    The International Monetary Fund (IMF) decided it will not "release any communiqué regarding Christine Lagarde's report over Argentina's statistics," according to the press department. It is expected that the report with the analysis of the Board of Directors will be released today.

  • 14/03/2012 | Argentina

    IMF confirms plans to close Buenos Aires office

    The International Monetary Fund (IMF) will close its Buenos Aires office allegedly in protest to Domestic Trade Secretary Guillermo Moreno’s decision to accuse the organization in court, urging it to explain how it calculates Argentina’s inflation rate. However, the organization told the BuenosAiresHerald.com that the measure is due to budgetary reasons.

  • 18/04/2012 | Argentina

    'The IMF constantly underestimates Argentine growth,' Lorenzino

    Hours before heading over to Washington DC to attend the World Bank and IMF’s Spring Assembly, Economy Minister Hernán Lorenzino assured that “in the current environment of financial turmoil, Argentina remains one of the region’s most important engines of economic growth sustained by the emerging economies.”

  • 20/04/2012 | Argentina

    Lorenzino: Europe ‘should learn from Argentina’s example’

    Economy Minister Hernán Lorenzino said today that Europe ‘should learn from Argentina’s example.’ The official was participating in the International Monetary Fund and World Bank Annual Meeting in Washington DC and made the remarks during an interview with a local radio station yesterday morning.

  • 30/11/2011 | Argentina

    IMF denies court access to Govt's method to measure inflation

    The International Monetary Fund (IMF) avoided replying to an inquiry required by Judge Alejandro Catania, who handles the case of the lawsuit filed by the Domestic Trade Secretariat against private consulting agencies and warned the organization's files "are inviolable."

  • 12/01/2012 | Argentina

    IMF says no sanctions to Argentina despite faulty statistics

    Speaking at a press conference from Washington DC on Thursday, IMF acting director of External Relations Gerry Rice said the organization’s directors “will meet in late January or early February to analyze the progress made in Argentina’s statistics.”

  • 01/02/2012 | Argentina

    IMF urges Argentina to address inflation index within six months

    The International Monetary Fund (IMF) warned Argentina about its “lack of progress” in addressing inflation data and called on the country to implement “specific measures” within the next six months to improve it.

  • 24/09/2011 | Argentina

    Boudou: 'time for developing nations to find our own solutions to the crisis'

    Economy Minister Amado Boudou urged countries in the region to “seize the opportunity created as a result of the crisis affecting developed nations and implement their own solutions.”

  • 26/09/2011 | Argentina

    INDEC dismisses recent IMF criticism, calls it ‘irrelevant’

    The head of the National Government’s Statistics Agency (INDEC), Ana María Edwin, said that the recent criticism towards the organization’s figures made by IMF official Nicolás Eyzaguirre are “irrelevant” and added that local private economic consultants “cannot be trusted.”

  • 06/10/2011 | Argentina

    IMF sees Argentina's statistics diverting from global standards

    By Liliana Franco. The quality of the statistics presented by Argentina “is diverting from the standard international regulations,” the spokeswoman of the International Monetary Fund, Jennifer Beckman, said when she was asked how she could explain the difference between the official inflation data reported by the INDEC, and the one estimated by private analysts, which reaches 25 percent.

  • 20/09/2011 | Argentina

    IMF says inflation will remain in double digits, still discontent about official data

    Growth will be led by many of South America’s commodity exporters—particularly Argentina, Chile, Paraguay, Peru, and Uruguay—all of which are expected to grow at levels near or above 6 percent in 2011, the International Monetary Fund said in its World Economic Outlook.

  • 22/09/2011 | Argentina

    Marcó del Pont dismisses IMF's warning on overheating economies

    Central Bank Governor Mercedes Marcó del Pont dismissed the International Monetary Fund’s (IMF) warning on the risk of overheating economies in developing countries, while visiting Washington, where she is attending the IMF-World Bank summit.

  • 23/09/2011 | Argentina

    IMF urges Argentina to apply ‘major measures’ to improve inflation data

    Nicolas Eyzaguirre, the IMF's director for Latin America, stated that Argentina must apply “major measures” to improve its method of measuring the inflation. Meanwhile, Economy Minister Amando Boudou harshly criticized the report given by the IMF.

  • 15/05/2011 | Argentina

    IMF chief New York court appearance postponed

    A New York court appearance by IMF chief Dominique Strauss-Kahn to face charges he sexually assaulted a hotel maid has been postponed until Monday so he can undergo an examination, his lawyers said.

  • 03/06/2011 | Argentina

    IMF candidate Carstens arrives to Argentina for talks with Boudou

    Mexico's central bank chief, Agustin Carstens, arrives to Buenos Aires today for talks with Economic Minister Amado Boudou, aiming to win crucial support in Argentina for his bid to the lead the International Monetary Fund.

  • 23/06/2011 | Argentina

    'We made many mistakes with Argentina in the 90s,' says ex-IMF chief

    Former managing director of the IMF, Michel Camdessus admitted today that through his time working for the organization, they 'made many mistakes with Argentina', particularly highlighting the 90s, during a speech at the 14th Annual Meeting of the Christian Association for Company Directors (ACDE) in a downtown hotel.

  • 15/04/2011 | Argentina

    IMF: 'We haven't received an Argentine response over inflation recommendations'

    By Liliana Franco, from Washington DC.- IMF Western Hemisphere Director Nicolas Eyzaguirre said the organisation has not yet received any official communication from the Argentine government regarding the IMF's recommendations over its inflation index.

  • 15/04/2011 | Argentina

    G20, IMF reflect Argentina’s position

    By Liliana Franco, from Washington DC.- Argentina’s envoy is satisfied because, according to them, the IMF and the G20 are presenting measures that the country has applied in the past, when it was lonely and harshly criticized directly or indirectly by several countries. Economy Minister Amado Boudou highlighted in Washington the paradigm change that is being discussed in the G20 and in the IMF.

  • 15/04/2011 | Argentina

    Boudou: 'We'll work to keep on growing'

    By Liliana Franco, from Washington DC.- “We have a mature relationship with the IMF, we can sit down and express what we think,” Economy Minister Amado Boudou said referring to the current relationship between Argentina and the organization.

  • 11/04/2011 | Argentina

    IMF: Argentina set for stronger-than-expected rebound

    Strong demand in Brazil and Latin America have created the conditions for a stronger-than-expected economic rebound in Argentina, an International Monetary Fund official said.

  • 11/04/2011 | Argentina

    IMF mission presents local Gov't with suggestions on new CPI

    The International Monetary Fund delegation presented the Argentine authorities with a report that includes specific recommendations regarding the design and methodology needed to develop a new consumer price index on a national level, IMF authorities announced in Washington DC through a communiqué.

  • 13/04/2011 | Argentina

    World Bank doesn't doubt Argentine stats

    By Liliana Franco, from Washington DC.- Traditionally, Latin America has always been one of the main interests in the yearly meetings, usually due to the economic crises that the region was facing: high indebtedness, heterodox economic policies, social inequality and labour rigidity among others. Now, however, it is interesting that the region has been labeled “an example” due to the way it dealt with the crisis.

  • 26/03/2011 | Argentina

    Gov't hopes to apply new index this year

    Economy Minister Amado Boudou assured the government hopes to apply the new Consumer Prices Index this year after the International Monetary Fund (IMF) missions in the country.

  • 05/04/2011 | Argentina

    IMF mission meets with Mendoza gov't officials over new CPI

    IMF officials met with members of the Mendoza government in order to become acquainted with the consumer price index being applied on a local level and see if the same methodology can be taken to a national level by the Indec statistics agency.

  • 11/04/2011 | Argentina

    IMF: Argentina will grow 6% in 2011

    The LAC region has weathered the global recession well and must now contend with the policy challenges of managing two strong tailwinds—high commodity prices and strong capital inflows, the IMF reported today in its World Economic Outlook.

  • 16/12/2010 | Argentina

    IMF to continue collaboration with Indec until April

    The International Monetary Fund (IMF) will continue collaborating with the Indec national statistics bureau in order to create "a price index with stronger credibility," the spokeswoman of the organization, Caroline Atkinson, assured.

  • 09/03/2011 | Argentina

    Stiglitz: “There is more than one policy to fight inflation”

    By Liliana Franco, special correspondent at Washington D.C
    «It is acceptable to impose export duties in order to diversify production,” Nobel Prize Winner Joseph Stiglitz told newspapers Ámbito Financiero and La Nación. Nowadays, Columbia University professor Stiglitz endorses a policy that fails to be controversial, even for the US and the International Monetary Fund.

  • 24/03/2011 | Argentina

    IMF to report on new Argentine CPI in April visit

    An IMF staff mission will visit Argentina from April 4 to 11 to make specific recommendations to the authorities on a new national Consumer Price Index (CPI), a senior IMF official announced today.

  • 01/02/2013 | World

    IMF issues 'vote of no confidence' against Argentina

    The International Monetary Fund (IMF) issued a "vote of no confidence" against Argentina after considering it "has not done enough" to improve its statistics' measurement as required by the organization.

  • 05/01/2013 | World

    Egypt fires finance, interior ministers before IMF visit

    Egypt's Islamist President Mohamed Mursi fired his finance and interior ministers, cabinet sources said today, in a government reshuffle he had promised to assuage public anger at an economic crisis.

  • 07/01/2013 | World

    IMF had 'productive' discussion with Egypt

    The International Monetary Fund held "productive" discussions with Egypt about its economic strategy, a senior Fund official said today after a visit to the country.

  • 23/01/2013 | World

    IMF predicts weak global growth in 2013, rebound next year

    An unexpectedly stubborn euro zone recession and weakness in Japan will weigh on global economic growth this year before a rebound in 2014 that should deliver the fastest expansion since 2010, the International Monetary Fund said yesterday.

  • 17/11/2012 | World

    IMF's Lagarde says Greek deal should be 'rooted in reality'

    An agreement among Greece's international creditors on reducing its large debt pile should be "rooted in reality and not in wishful thinking," the head of the International Monetary Fund said ahead of a tense meeting with European leaders.

  • 26/11/2012 | World

    Euro zone, IMF secure deal on cutting long-term Greek debt

    Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.

  • 11/12/2012 | World

    Egypt army seeks national unity as crisis mounts

    Egypt's army chief called for talks on national unity to end the country's mounting political crisis after a vital loan from the IMF was delayed and thousands of pro- and anti-government demonstrators took to the streets.

  • 01/11/2012 | World

    IMF says financing issues main obstacle on Greek talks

    The International Monetary Fund said today financing issues remained the main obstacle for debt-laden Greece to receive more bailout money from its international lenders.

  • 05/11/2012 | World

    Greece faces 48-hour strike over austerity cuts

    Greek workers begin a 48-hour strike tomorrow to protest against a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.

  • 13/11/2012 | World

    EU, IMF clash over Greece revives debt crisis fears

    A public clash between Greece's international lenders over how Athens can bring its debts down to a sustainable level has reignited fears that the crisis could flare up anew.

  • 13/10/2012 | World

    Finance leaders back EU, US to-do list to shield growth

    World finance leaders endorsed a checklist of policy reforms aimed at pressuring Europe and the United States to tackle debt troubles that threaten to choke off global growth.

  • 17/10/2012 | World

    Rome brushes off IMF aid call for Italy

    The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's debt crisis, but Rome has rebuffed the idea and Madrid seems likely to apply alone.

  • 24/10/2012 | World

    Greece says it has been given more time on austerity

    Greece's finance minister said that his country had been given more time by its international lenders to implement austerity cuts, an assertion played down by leading European Union officials.

  • 10/10/2012 | World

    IMF calls for action as euro zone crisis festers

    The IMF prodded the world's rich countries for swifter action as Europe's debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.

  • 11/10/2012 | World

    IMF urges Europe to put brake on deep budget cuts

    The IMF today backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

  • 12/10/2012 | World

    Germany holds firm on Greece as IMF pressure mounts

    Germany held firm today in insisting it was too soon to say Greece deserved more time to meet its deficit-cutting goals even as the head of the International Monetary Fund laid out the case for leniency.

  • 04/10/2012 | World

    IMF 'willing to cooperate' with Argentina on improving data quality

    IMF spokesman Gerry Rice said today the international lender “is willing to cooperate with Argentina”, in an attempt to sweeten up the relations after last week’s cross fire between President Cristina Fernández de Kirchner and IMF Director Christine Legarde over the dubious data provided by the INDEC statistics agency.

  • 08/10/2012 | World

    IMF cuts global growth forecast

    The IMF cut its global growth forecast for the second time since April and warned US and European policymakers that failure to fix their economic ills would prolong the slump.

  • 09/10/2012 | World

    IMF: Global financial confidence 'very fragile,' euro crisis key threat

    The International Monetary Fund urged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.

  • 24/09/2012 | World

    IMF set to lower growth forecast, Lagarde says

    The International Monetary Fund is set to cut its forecast for global growth next month when it updates its projections for the world economy, the head of the IMF said.

  • 24/09/2012 | World

    'Argentina has three months to avoid red card,' IMF warns

    The IMF head warned Argentina that the international lender is willing to show the country a red card if didn't meet its promises of providing reliable inflation and GDP statistics by December.

  • 02/10/2012 | World

    France drops rape investigation into Strauss-Kahn

    France's public prosecution service said today it was shelving an investigation into allegations that disgraced former IMF chief Dominique Strauss-Kahn, a man once tipped to become president of France, had engaged in group rape.

  • 06/09/2012 | World

    IMF deems ECB's action 'an important step toward strengthening stability in Europe'

    Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the euro zone debt crisis, deeming today's action 'an important step toward strengthening stability and growth.'

  • 18/09/2012 | World

    IMF 'regrets' lack of progress with Argentina, issues December deadline

    The International Monetary Fund announced that it “regretted the lack of sufficient progress” with Argentina to address the quality of the official data reported by the country and urged it to come up with a response to the organization’s concerns by December 17th.

  • 21/09/2012 | World

    IMF chief urges Europe to act to move beyond crisis

    European policymakers must move quickly to coordinate and implement decisions they have taken to move the euro zone beyond its current debt crisis, the head of the International Monetary Fund said.

  • 16/07/2012 | World

    IMF cuts global growth forecast; warns on euro zone

    The International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.

  • 20/07/2012 | World

    IMF economist accuses Fund of suppressing information

    A veteran economist at the International Monetary Fund has resigned in protest at what he calls the IMF's failure to head off the global financial meltdown and euro zone crisis, and accused the global lender of suppressing information.

  • 02/08/2012 | World

    IMF welcomes ECB’s new aim at crisis

    In response to queries regarding the European Central Bank’s latest policy meeting, the IMF came to stage to back ECB’s President Mario Draghi, who announced today they will gear up to buy Italian and Spanish bonds on the open market but would only act after euro zone governments have activated bailout funds to do the same.

  • 14/06/2012 | World

    IMF says has no assistance plan for Spain

    The International Monetary Fund (IMF) does not possess a bailout plan for Spain, IMF’s spokesman  Gerry Rice told reporters today.

  • 03/07/2012 | World

    IMF: 'US recovery remains tepid and subject to elevated downside risks'

    An IMF report revealed that the German economy’s performance has been remarkable despite facing considerable headwinds and that the US recovery “remains tepid and subject to elevated downside risks."

  • 06/07/2012 | World

    IMF's Lagarde voices concern over global economy

    The head of the International Monetary Fund expressed concern today at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.

  • 07/06/2012 | World

    IMF to put Spanish bailout bill at 40-80 billion euros

    An IMF report on Spanish banks to be released on Monday would estimate the cost of refinancing them at between $40-80 billion euros, according to a Spanish newspaper.

  • 09/06/2012 | World

    Lagarde says IMF ready to help with Spain's banks

    The head of the International Monetary Fund said today the global lender stood ready to help monitor the assistance the euro zone intends to provide to Spain's banks, and said the size of the planned aid appeared ample.

  • 12/06/2012 | World

    IMF: 'Time to save euro running out, less than three months for action'

    Action to save the euro is required in “more shortly than three months,” International Monetary Fund (IMF) Managing Director Christine Lagarde said in an interview to CNN.

  • 11/05/2012 | World

    IMF chief: 'Bailout programmes must be implemented'

    Greece, Portugal and Ireland must meet their obligations under bailout agreements reached with international lenders, the head of the International Monetary Fund said today.

  • 21/05/2012 | World

    Strauss-Kahn investigators open group rape inquiry

    French prosecutors said today they had opened an inquiry into allegations of group rape by Dominique Strauss-Kahn and three friends, as part of an investigation into his ties to a suspected prostitution ring in the northern city of Lille.

  • 30/05/2012 | World

    French court lifts gagging order on Strauss-Kahn

    A French appeals court lifted a gagging order that prevented former IMF chief Dominique Strauss-Kahn from speaking to the media during a judicial investigation into his links with a suspected prostitution ring.

  • 20/04/2012 | World

    G20 doubles IMF's war chest amid fears on Europe

    Leading world economies pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

  • 21/04/2012 | World

    IMF presses Europe to contain debt crisis

    Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery.

  • 25/04/2012 | World

    Judge to rule Tuesday on Strauss-Kahn suit's fate

    A New York judge is expected to rule next Tuesday whether to toss out a civil lawsuit against former International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn brought by the hotel maid who accused him of sexually assaulting her.

  • 17/04/2012 | World

    IMF: 'Argentina's decision will worsen the investment mood'

    International Monetary Fond economist Thomas Helbling regretted today Argentina’s decision to expropriate 51 percent of the 57.43 share-package Spanish oil company Repsol owns.

  • 17/04/2012 | World

    'World economy fragile faces uneasy calm,' IMF says

    Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said.

  • 20/04/2012 | World

    Emerging powers to give IMF a billionaire boost

    Major emerging powers stood ready today to pledge money to bolster the International Monetary Fund's crisis-fighting war chest, though Brazil was holding out for promises that their voting power at the global lender would increase.

  • 03/04/2012 | World

    IMF Lagarde: ‘We should not delude ourselves into a false sense of security’

    IMF Managing Director Christine Lagarde said today the world economy is still in recession and the recovery remains fragile as she warned that, although some progress has been made, the global economic situation is not ideal yet.

  • 10/04/2012 | World

    Global recession more severe now than when it started, IMF says

    Housing busts and recessions are more severe and last for at least five years when they follow a big run-up in household debt, according to a study released today by the International Monetary Fund. For that matter, the IMF has urged governments to consider “bold” interventions to reduce household debt levels and stimulate growth.

  • 12/04/2012 | World

    IMF’s Lagarde: global economy remains at high risk

    Managing Director of the International Monetary Fund (IMF) Christine Lagarde said today said that despite recent improvements in the global economic outlook, more work is required to support the still fragile recovery.

  • 20/03/2012 | World

    Greece receives first tranche of new bailout aid

    Greece has received the first 7.5 billion euros ($ 9.9 billion) of aid from its new EU/IMF bailout, with the bulk of the payment going to repay bonds held by the euro zone's central banks, government officials said today.

  • 26/03/2012 | World

    Strauss-Kahn put under formal probe in France

    Former IMF chief Dominique Strauss-Kahn was put under formal investigation by a French court over his role in a prostitution case, his lawyer said.

  • 30/03/2012 | World

    IMF welcomes reinforcement on Euro zone firewall

    Managing Director of the International Monetary Fund (IMF) Christine Lagarde welcomed today an increase on the financial rescue capacity of Eurozone to prevent a new flare-up of Europe's sovereign debt crisis.

  • 13/03/2012 | World

    More austerity needed in Greece, EU/IMF report says

    Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.

  • 14/03/2012 | World

    Greek cabinet formally approves bailout agreement

    Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat.

  • 15/03/2012 | World

    IMF approves 28 billion euro bailout for Greece

    The International Monetary Fund today approved a 28 billion euro ($36.7 billion) bailout for Greece, part of a broader international rescue package for the debt-strapped euro zone member.

  • 09/02/2012 | World

    Greece deal fails to convince, EU demands more

    Greek political leaders said they had clinched a deal on economic reforms needed to secure a second EU bailout, but euro zone finance ministers demanded more steps and a parliamentary seal of approval before providing the aid.

  • 24/02/2012 | World

    No G20 deal on IMF cash this weekend, pressure on Europe

    World economic powers told Europe it would have to do more to fight its financial crisis before they agree to provide back-up in the form of a bigger IMF war-chest.

  • 25/02/2012 | World

    Euro-zone deal on firewall awaits Germany

    Germany may not be ready to back an increase in Europe's bailout fund at a summit next week, delaying efforts to meet international demands for Europe to strengthen its defenses against the region's sovereign debt crisis.

  • 01/02/2012 | World

    IMF says Greece must step up reform

    Debt-laden Greece and its international lenders must focus less on deficit reduction and more on reform because there are limits to what society can tolerate, a senior IMF official said today.

  • 03/02/2012 | World

    IMF says the Fund 'should boost its resources as Europe discusses debt crisis'

    The International Monetary Fund should proceed with talks on increasing the size of its warchest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said.

  • 08/02/2012 | World

    Greek party leaders fail to sign off on bailout

    Greek political leaders failed to sign off on a tough reform and austerity programme, the price of a new international bailout for the nation, but Prime Minister Lucas Papademos said they would try to strike a deal within hours.

  • 26/01/2012 | World

    Greece, creditors edge closer to deal, talks to continue

    Greece and its private creditors made progress in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.

  • 28/01/2012 | World

    IMF leads global push for euro zone to boost firewall

    International Monetary Fund chief Christine Lagarde led a global push for the euro zone to boost its financial firewall, saying "if it is big enough it will not get used".

  • 30/01/2012 | World

    EU leaders agree rescue fund, 25 join fiscal pact

    European leaders agreed on a permanent rescue fund for the euro zone and 25 of the 27 EU states backed a German-inspired pact for stricter budget discipline, but they struggled to reconcile fiscal austerity with economic growth.

  • 24/01/2012 | World

    IMF slashes world growth outlook as euro zone weighs

    The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said today, as it sharply cut its outlook for global growth and called for policies to restore confidence.

  • 25/01/2012 | World

    IMF: Public sector may be needed in Greek restructuring

    Greece's public sector creditors may need to participate in a restructuring of its debt if a haircut negotiated with private sector bondholders is not enough to make Athens' debt sustainable, IMF Managing Director Christine Lagarde said.

  • 25/01/2012 | World

    UK’s Cameron: Euro zone must act before IMF gets new funds

    New cash for the International Monetary Fund should not be considered until the euro zone takes determined action to end the crisis in the single currency area, United Kingdom Prime Minister David Cameron said today.

  • 20/01/2012 | World

    G20 will work toward more IMF funds

    The Group of 20 economic powers will push Europe to take extra steps as it works toward a deal to boost resources for the International Monetary Fund, Mexico Deputy Finance Minister Gerardo Rodríguez said.

  • 23/01/2012 | World

    Lagarde urges EU to increase financial firewall against Greek crisis

    IMF chief Christine Lagarde urged today European governments to increase their financial firewall to prevent Greece's troubles from ensnaring bigger countries like Italy and Spain.

  • 24/01/2012 | World

    Lagarde: IMF resources may grow if euro zone boosts bailout fund

    The International Monetary Fund's members may be willing to increase its resources if euro zone states increase the size of their bailout fund, IMF chief Christine Lagarde told Deutschlandradio Kultur in an interview today.

  • 09/01/2012 | World

    Merkel and IMF's Lagarde to meet tomorrow

    German Chancellor Angela Merkel and International Monetary Fund chief Christine Lagarde will meet today at 8 pm local time (1900 GMT) in Berlin, Merkel's spokesman said today.

  • 17/01/2012 | World

    Greeks strike against austerity as EU, IMF visit

    Striking Greek workers brought the Athens metro to a standstill today and kept ferries docked to protest against austerity as the country's lenders visited Athens to try to avert a disorderly debt default.

  • 18/01/2012 | World

    IMF seeks $600 billion more in funds

    The International Monetary Fund is seeking to boost its war chest by $600 billion to help countries reeling from the euro zone debt crisis, but some nations insist Europe must first do more to support its ailing members, international financial sources said.

  • 19/12/2011 | World

    EU leaders discuss IMF measures to create firewall against debt crisis

    European finance ministers discussed ways of boosting IMF resources to build a better firewall against the debt crisis today, while also assessing plans for tighter euro zone fiscal rules that they hope will prevent the problems from worsening.

  • 19/12/2011 | World

    IMF: 'Developing nations should boost economic defences'

    The IMF director Christine Lagarde urged developing countries today to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

  • 06/01/2012 | World

    IMF's Lagarde: euro likely to survive 2012

    The euro is likely to survive 2012 despite the debt crisis in the euro currency zone, International Monetary Fund Managing Director Christine Lagarde said today.

  • 12/12/2011 | World

    Greece opens debt swap, bailout talks

    Greece began a round of talks with the EU, the IMF and bankers on Monday, with negotiators facing a tight timetable to decide key aspects of a new bailout plan to pull the country out of its economic crisis.

  • 14/12/2011 | World

    IMF says Greece must move faster on reforms

    The International Monetary Fund stepped up pressure on Greece, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.

  • 15/12/2011 | World

    IMF: 'World economic outlook is quite gloomy, no country is immune'

    The world economic outlook is "quite gloomy" and will require action by all countries, starting with those in Europe, to head off an escalating crisis that carries risks of a global depression, the head of the International Monetary Fund said today.

  • 05/12/2011 | World

    IMF: Afghanistan must prove it can manage future aid

    Afghanistan will need to prove to donor nations that it can effectively manage the vast sums of assistance it says it requires years into the future, even as foreign troops go home, a top IMF official said today.

  • 05/12/2011 | World

    IMF approves 2.2 billion euro tranche for Greece

    The International Monetary Fund said today its board had approved a 2.2. billion euro loan disbursement to Greece, part of a three-year IMF-EU bailout package to help the country from going bankrupt .

  • 09/12/2011 | World

    IMF's Lagarde praises euro deal,urges wider action

    IMF Managing Director Christine Lagarde welcomed a move by European countries to more closely link fiscal policies and urged others to do their part to help ease strains linked to the euro area debt crisis.

  • 22/11/2011 | World

    Strauss-Kahn sues media and Sarkozy aide

    Former IMF chief Dominique Strauss-Kahn, who was tipped as France's next president before a US sex assault scandal spelled his downfall, is suing a top French newspaper, several magazines and a government adviser over reports about him.

  • 30/11/2011 | World

    Italy PM says to meet budget goal, not seeking IMF aid

    Prime Minister Mario Monti pledged measures to ensure that Italy meets its goal of balancing the budget even if economic prospects worsen, and said no approach for help had been made to the International Monetary Fund.

  • 02/12/2011 | World

    IMF sees crisis boosting emerging economies role

    Major emerging economic powers are "worlds apart" from euro zone countries, International Monetary Fund (IMF) Managing Director Christine Lagarde said while praising Brazil's economic management for leaving the country better prepared than many to weather contagion.

  • 14/11/2011 | World

    Lagarde warns crisis must be solved to avoid negative spiral

    The head of the International Monetary Fund (IMF), Christine Lagarde, warned that it is necessary to solve the crisis in the euro zone to avoid that the global economy enters in a “negative spiral of distrust and weakened growth.”

  • 18/11/2011 | World

    ECB chief urges action on rescue fund

    European Central Bank chief Mario Draghi told euro zone governments to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.

  • 18/11/2011 | World

    Greek govt submits budget, EU/IMF team meets PM

    Greece's new government took a first step towards meeting terms of an international bailout needed to avoid bankruptcy, submitting a budget bill that foresees no new austerity measures next year as long as reforms are enacted.

  • 07/11/2011 | World

    IMF's Lagarde urges euro zone to redouble efforts

    The head of the International Monetary Fund urged the euro zone today to redouble efforts to overcome its sovereign debt crisis and said the global economy faced increasing risks of a slowdown.

  • 09/11/2011 | World

    IMF’s Lagarde warns world economy risks ‘lost decade’

    The head of the International Monetary Fund warned today that Europe's debt crisis risked plunging the global economy into a "lost decade" and said it was up to rich nations to shoulder the burden of restoring growth and confidence.

  • 10/11/2011 | World

    Lagarde urges Italy to sort crisis out, China to help on world stability

    The head of the International Monetary Fund urged Italy today to act quickly fill its damaging political vacuum, and China said it was willing to help maintain global financial stability that was being threatened by the euro zone crisis.

  • 20/10/2011 | World

    IMF, World Bank to visit Libya again

    The International Monetary Fund and the World Bank have visited Libya and will return there in "coming weeks" to assess economic and financial needs, an IMF spokesman said today.

  • 25/10/2011 | World

    IMF considering participation in EU bailout fund

    The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said today.

  • 04/11/2011 | World

    G20: Italy accepts IMF monitoring, sources

    Italy, under fierce pressure from financial markets and European peers, agreed to have the IMF monitor its progress with long delayed reforms of pensions, labor markets and privatization, senior EU sources said today.

  • 07/10/2011 | World

    IMF chief: Greece-troika talks not over, hope to end soon

    The head of the International Monetary Fund's mission for Greece said a review of the country's progress under a bailout deal would hopefully be concluded positively soon, but talks were not yet finished.

  • 11/10/2011 | World

    Troika says Greece likely to get aid tranche in early November

    Greece is likely to receive an 8-billion euro aid tranche it needs to stave off bankruptcy in early November, EU, IMF and ECB inspectors said in a joint statement today concluding a weeks-long review of the country's finances.

  • 13/10/2011 | World

    IMF says China has scope to respond to global risks

    China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said.

  • 29/09/2011 | World

    Greece resumes talks with auditors amid protests

    Civil servants blockaded several ministries to protest against austerity measures as Greece resumed talks with EU and IMF inspectors on an 8 billion euro aid tranche it needs to avoid bankruptcy next month.

  • 29/09/2011 | World

    Strauss-Kahn meets accuser at Paris hearing

    Dominique Strauss-Kahn emerged smiling from a two-hour meeting with French woman Tristane Banon who has accused him of trying to rape her in 2003, in a legal confrontation that will help to determine whether the case is upheld.

  • 05/10/2011 | World

    IMF could buy Spanish, Italian paper alongside EFSF

    The International Monetary Fund could buy Spanish or Italian bonds alongside the euro zone bailout fund if needed, to help boost investor confidence in those countries, the IMF's Europe head Antonio Borges said today.

  • 26/09/2011 | World

    IMF reiterates Greece must shrink state to avoid default

    International lenders told Greece today it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

  • 26/09/2011 | World

    Greece: there were no orderly default talks with IMF, ECB

    Greek Finance Minister Evangelos Venizelos dismissed reports that he has discussed a scenario of an orderly default by Athens with International Monetary Fund Chief Christine Lagarde and European Central Bank head Jean-Claude Trichet.

  • 26/09/2011 | World

    Strauss-Kahn seeks dismissal of civil suit by maid

    Former IMF chief Dominique Strauss-Kahn asked a judge to dismiss a civil suit filed by a hotel maid who accused him of sexual assault, saying he was immune from such a suit under international law when it was filed in early August.

  • 22/09/2011 | World

    Greeks strike amid pain and anger over austerity

    Greek workers staged a 24-hour strike today forcing the transport system to a standstill in protest against the government's intensified austerity drive to secure aid to save the debt-laden country from bankruptcy.

  • 22/09/2011 | World

    Seven world leaders urge Europe to take action against debt crisis

    As ministers gathered in Washington for meetings of the Group of 20 and International Monetary Fund, an open letter to G20 president France from the leaders of Australia, Canada, Indonesia, Britain, Mexico, South Africa and South Korea stressed the threat of the euro zone crisis spreading worldwide.

  • 24/09/2011 | World

    World presses Europe on debt, US warns of bank runs

    The United States, China and other countries piled pressure on Europe to comes to grips with its debt crisis before it risks causing bank runs and pushing the global economy into ruinous recession.

  • 20/09/2011 | World

    IMF: 'Global recovery is in a dangerous phase'

    The global economic recovery is slowing, with world growth projected at 4 percent in both 2011 and 2012, down from over 5 percent in 2010, the IMF said in its latest forecast.

  • 20/09/2011 | World

    Greece to front-load austerity, troika to return

    Greece pledged to bring forward painful austerity measures, convincing international lenders to return to Athens early next week for talks that it hopes will secure the aid it needs to avert bankruptcy.

  • 21/09/2011 | World

    Greece to outline more austerity to secure loan

    The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases today to secure a bailout installment crucial to avoid running out of money next month.

  • 19/09/2011 | World

    International lenders say Greece must shrink state to avoid default

    International lenders told Greece it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

  • 19/09/2011 | World

    Greece inches closer to deal on aid

    Greece hopes to clinch a deal with its lenders on Tuesday for continued aid funding, an official said, after it pledged to take on as much austerity as needed to avoid a default that could trigger deeper turmoil on already shaky global markets.

  • 20/09/2011 | World

    IMF warns US, Europe could slip into recession

    Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said today.

  • 09/09/2011 | World

    Lagarde: 'Policymakers should take more action to support recovery'

    Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said today, calling for bold action to weather a "dangerous new phase" of recovery.

  • 15/09/2011 | World

    IMF chief urges action to safeguard world economy

    The head of the International Monetary Fund urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.

  • 16/09/2011 | World

    Lagarde warns recovery options narrowing

    Options for a sustainable economic recovery are narrowing, Christine Lagarde, Managing Director of The International Monetary Fund, said in an opinion piece for a German newspaper.

  • 23/08/2011 | World

    Strauss-Kahn sexual assault case dismissed

    A New York judge dropped all criminal sexual assault charges against ex-IMF chief Dominique Strauss-Kahn after prosecutors lost faith in the credibility of his accuser.

  • 27/08/2011 | World

    Urgent action needed to protect recovery, says IMF head

    The new head of the IMF urged today global policymakers to pursue urgent coordinated action, including the mandatory recapitalization of European banks, or risk descent into renewed world recession.

  • 29/08/2011 | World

    Strauss-Kahn returns to IMF, gets warm applause

    Former IMF chief Dominique Strauss-Kahn apologized to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week. He was greeted with warm applause.

  • 04/08/2011 | World

    IMF's Lagarde to be investigated for misconduct

    A French court ordered an investigation into possible misconduct by IMF head Christine Lagarde when, as finance minister, she approved a settlement to a businessman friend of President Nicolas Sarkozy.

  • 16/08/2011 | World

    IMF's Lagarde officially under investigation

    French magistrates formally opened an investigation into IMF chief Christine Lagarde today for possible misconduct in approving a huge payment to a friend of President Nicolas Sarkozy when she was finance minister.

  • 16/08/2011 | World

    Leaked ‘rape’ report sparks new Strauss-Kahn furor

    Opposing lawyers disputed the meaning of a medical report that said "rape" caused injuries sustained by the woman who has accused former IMF chief Dominique Strauss-Kahn of sexual assault.

  • 26/07/2011 | World

    IMF chief urges US to resolve debt spat immediately

    IMF chief Christine Lagarde urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.

  • 26/07/2011 | World

    Strauss-Kahn rape case hearing delayed again

    The court date in the attempted rape case of former IMF boss Dominique Strauss-Kahn has been postponed to Aug. 23, his lawyers said, adding they hope charges will be dismissed by that date.

  • 28/07/2011 | World

    IMF's director Caroline Atkinson resigns

    International Monetary Fund's external relations director Caroline Atkins resigned today after being appointed as the White House special assistant to the president for international economic affairs.

  • 12/07/2011 | World

    Lagarde elects White House adviser as IMF No. 2 official

    White House adviser David Lipton will become the International Monetary Fund's No.2 official,  new managing director Christine Lagarde announced. Chinese economist Min Zhu will step in to a newly directed deupty managing director post.

  • 14/07/2011 | World

    IMF says Irish must keep strictly to debt plans

    Ireland will need to continue to closely adhere to its goals under an EU-IMF bailout to limit the fallout from potential contagion effects from the euro zone debt crisis, officials from the EC, the IMF and the ECB said.

  • 25/07/2011 | World

    IMF calls for US debt rise, warns of global economic repercussions

    The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.

  • 08/07/2011 | World

    IMF approves 3.2 billion euro loan tranche for Greece

    The International Monetary Fund's executive board said it approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month.

  • 11/07/2011 | World

    French police interview Strauss-Kahn accuser Banon

    French police today interviewed a French writer who accuses former IMF head Dominique Strauss-Kahn of attempted rape in 2003, her lawyer and judicial sources said.

  • 12/07/2011 | World

    Greece must prove itself on world stage, says minister

    Greece must unite behind its austerity plan to secure a stronger bargaining position on the world financial stage, its finance minister said today but his deputy cast doubt on important privatization targets. Euro zone finance ministers completed talks in Brussels yesterday promising cheaper loans, longer maturities and a more flexible rescue fund to help Greece and other EU debtors and stop financial contagion.

  • 06/07/2011 | World

    Lagarde pledges to push on with IMF reforms, says economy 'on the rebound'

    New International Monetary Fund Managing Director Christine Lagarde pledged to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender. At a news conference on her second day on the job, she added that the global economy was rebounding from the 2007-2009 financial crisis but unevenly.

  • 07/07/2011 | World

    Ukrainians protest before pension vote, reforms key to IMF lending

    Thousands of protesters rallied outside Ukraine's parliament today before a final vote on a pension reform that would raise the retirement age for women and is key to unfreezing a $15 billion IMF lending programme.

  • 07/07/2011 | World

    New Greek aid package awaits private sector buy-in

    International bankers and European Union officials made no progress today in securing a private sector contribution for a second bailout of Greece and bond yields climbed on concern about the scheme.

  • 05/07/2011 | World

    Lagarde is sworn in as new IMF head chief

    France’s former Finance Minister Christine Lagarde was sworn in today as International Monetary Fund’s new Managing Director for a five year term. Lagarde replaces Dominique Strauss-Kahn who was forced to resign in the midst of a sex scandal involving a New York Hotel maid accusation of rape.

  • 05/07/2011 | World

    Moody's cuts Portugal to junk, warns on 2nd bailout

    Moody's cut Portugal's credit standing to junk in the first such move by a ratings agency and warned the country may well need a second round of rescue funds before it can return to capital markets.

  • 06/07/2011 | World

    Strauss-Kahn accuser asks prosecutor to step down

    The New York prosecutor under fire for his handling of the sexual assault case against former IMF chief Dominique Strauss-Kahn was hit with a new salvo when lawyers for the accuser asked him to leave the case and appoint a special prosecutor.

  • 02/07/2011 | World

    Credibility of accuser key to Strauss-Kahn case

    Investigators had to make a snap judgment about the accuser in the sexual assault case against Dominique Strauss-Kahn -- haste that may have contributed to the unraveling of the case.

  • 04/07/2011 | World

    Strauss-Kahn to face new charges for attempted rape in France

    A French writer will file a legal complaint against former IMF chief Dominique Strauss-Kahn tomorrow alleging that he tried to rape her during an incident nine years ago, her lawyer told reporters today. After being told of the writer's intention to launch a lawsuit, Strauss-Kahn's lawyers said he would sue for slander.

  • 05/07/2011 | World

    Banks meet to discuss plan Greece´s bailout

    International banks are meeting in Paris today to discuss France's proposed plan for the private sector to contribute to Greece's bailout effort, people familiar with the matter said.

  • 30/06/2011 | World

    Greek parliament to vote austerity bill second part

    Greece's parliament is expected to vote a second austerity bill today to enable the country to avert bankruptcy by securing a 12 billion euro ($17 billion) loan tranche from the EU and IMF.

  • 01/07/2011 | World

    Strauss-Kahn released but prosecutors won´t drop charges

    The sexual assault case against former IMF chief Dominique Strauss-Kahn will continue to be investigated, including concerns that have been raised about his accuser's credibility, the Manhattan District Attorney said today.

  • 02/07/2011 | World

    Euro zone approves further 12 bln euros for Greece

    Euro zone finance ministers will approve the next tranche of emergency aid for Greece and discuss a second three-year financing plan for Athens on July 11, euro zone officials said.

  • 29/06/2011 | World

    Greek parliament approves 5-year austerity plan

    Greece's parliament approved deeply unpopular austerity measures despite worsening violence today, in a vote vital toward securing international funds and preventing the euro zone's first sovereign default.

  • 29/06/2011 | World

    IMF says US should hike debt limit to avert global shock

    In an annual review of US economic conditions, the IMF said the key challenge the country faces is finding a way to stabilize its debts by mid-decade without derailing growth, which is likely to remain modest for some time.

  • 29/06/2011 | World

    Francois Baroin to replace Lagarde as finance minister in France

    Francois Baroin, France's budget minister and government spokesman, was named finance minister, replacing Christine Lagarde who is leaving to be the new head of the International Monetary Fund.

  • 28/06/2011 | World

    Lagarde elected new IMF chief

    The International Monetary Fund board elected today French Finance Minister Christine Lagarde as the new managing director of the global lender. Lagarde is to replace Dominique Strauss Kahn who resigned in the midst of a sex scandal last May.

  • 28/06/2011 | World

    US Geithner calls Lagarde 'exceptional talent'

    The US Treasury Secretary Timothy Geithner congratulated Christine Lagarde for her victory as she steps in as the IMF’s first woman chief. Earlier today the United States and Brazil had expressed their support for the French Finance Minister as the future head of the International Monetary Fund.

  • 29/06/2011 | World

    Violence escalates after austerity plan approval

    Outside parliament, fierce clashes raged between stone-throwing masked youths and riot police, who fired clouds of teargas from behind steel crash barriers to keep the rioters at bay. Syntagma Square resembled a battle zone at times.

  • 28/06/2011 | World

    Heavy clashes erupt in Greece

    Thousands of demonstrators gathered in front of the Greek parliament today at the start of a two-day strike against the unpopular austerity measures package to be voted by the house. Heavy confrontations erupted throughout the capital streets as Greek police clashed with groups of hooded youths in central Athens.

  • 28/06/2011 | World

    US backs Lagarde for IMF top job

    The United States formally offered its backing today for French Finance Minister Christine Lagarde to take over the top job at the International Monetary Fund, ensuring a win for her over Mexico's Central Bank Governor Agustin Carstens.

  • 28/06/2011 | World

    Portugal gov’t submits programme for bailout

    Portugal's new centre-right government submitted today to parliament a four-year programme, promising to strictly fulfill the country's obligations under a 78-billion euro international bailout.

  • 23/06/2011 | World

    Geithner: Lagarde 'exceptionally talented' for IMF

    US Treasury Secretary Timothy Geithner believes French counterpart Christine Lagarde is an "exceptionally talented" candidate to lead the International Monetary Fund, the Treasury said in a statement that stopped short of an endorsement.

  • 24/06/2011 | World

    Athens struggles for support, Finance Ministers to meet

    Greece's new Finance Minister Evangelos said today he would meet his German counterpart Wolfgang Schaeuble to discuss how to return Greece's economy to growth after three years of recession. "We have agreed with Schaeuble to meet in Berlin to discuss growth issues," Venizelos told parliament's economic affairs committee.

  • 27/06/2011 | World

    French banks agree to roll over Greek debt, key week for bailout

    French banks have agreed to roll over holdings of Greek debt for 30 years, President Nicolas Sarkozy said, as the Greek government fought to persuade backbench rebels to back a crucial austerity plan to avert bankruptcy.

  • 20/06/2011 | World

    EU and IMF inspectors head to Greece on unexpected visit

    International lenders are making an unexpected visit to Athens after euro zone countries piled pressure on Greece not to backslide on painful reforms that have caused public outrage.

  • 21/06/2011 | World

    Greek government wins vote of confidence

    Greece's embattled government survived a confidence vote crucial to avoiding a sovereign default, as thousands of protesters chanted insults outside parliament.

  • 22/06/2011 | World

    Europe keeps pressure to push forward austerity plan

    Europe kept the pressure on Greece to push forward with a painful austerity programme today after the government jumped a crucial hurdle in averting the euro zone's first debt default.

  • 17/06/2011 | World

    Greek turmoil: Prime Minister sacrifices finance chief

    Greek Prime Minister George Papandreou sacrificed his finance minister today and put his main socialist party rival into the job in a bid to force through an unpopular austerity plan to avert bankruptcy.

  • 17/06/2011 | World

    Lagarde expected before IMF Board next week

    French Finance Minister Christine Lagarde is expected to be interviewed by the Board of the International Monetary Fund in Washington next week for the position of managing director.

  • 18/06/2011 | World

    Greeks protest, almost half oppose austerity

    Thousands of Greeks marched on parliament in a show of unabated public anger after Prime Minister George Papandreou vowed to push on with an austerity campaign that a poll showed half the country opposed.

  • 16/06/2011 | World

    Greece Turmoil: IMF to release funds despite EU delay

    The IMF will release crucial loans to save Greece from default despite a likely delay by the European Union in agreeing a second bailout for the heavily indebted state, euro zone sources said today.

  • 16/06/2011 | World

    Greek PM reshuffle plan in doubt as deputies quit

    A string of parliamentary resignations today threatened to thwart Greek Prime Minister George Papandreou's plan to reshuffle his cabinet and pass new austerity measures needed to save Greece from default.

  • 16/06/2011 | World

    Strauss-Kahn told police in NY he had immunity

    Former IMF chief Dominique Strauss-Kahn told police he had diplomatic immunity shortly after he was detained at a New York airport on accusations he tried to rape a hotel maid, court papers showed.

  • 10/06/2011 | World

    IMF race intensifies as window for presenting candidacies closes

    The race for IMF’s top job intensifies as the window for presenting the candidacies closes today. South Africa's Trevor Manuel ruled himself out of the race today as the Mexican contender rallied in India. Agustín Carstens, a former director at IMF, is following the footsteps of French aspirant Christine Lagarde whose candidacy got an unexpected boost from French courts today.

  • 13/06/2011 | World

    Lagarde, Carstens shortlisted for IMF race

    The International Monetary Fund shortlisted French Finance Minister Christine Lagarde and Mexican central bank chief Agustin Carstens for the IMF's top job, disqualifying Bank of Israel's Stanley Fischer because of his age.

  • 15/06/2011 | World

    Heavy clashes in Greece as workforce launches nationwide strike

    Massive clashes between Greek protesters and the police were reported today in Athens. Stone-throwing Greeks clashed with police and tens of thousands of protesters marched on parliament today to oppose government efforts to pass new austerity measures for the debt-stricken euro zone state.

  • 08/06/2011 | World

    IMF: US slowdown likely temporary

    The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.

  • 09/06/2011 | World

    Lagarde in China rallying for IMF candidacy support

    The top candidate to run for the International Monetary Fund, French Finance Minister Christine Lagarde is in China rallying for support on her IMF candidacy. The trip is part of a world tour that has taken her to countries such as India and Brazil in a effort to gather support for her candidacy to IMF’s top post.

  • 09/06/2011 | World

    Greece debt restructuring "undesirable", says IMF

    An involuntary debt restructuring in Greece is 'undesirable' and the IMF-EU program does not contemplate such a step, an IMF spokeswoman said today amid talks of a new aid package for Greece.

  • 06/06/2011 | World

    IMF backs UK policy but warns of growth risks

    The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.

  • 07/06/2011 | World

    India says has not committed support to Lagarde

    India has not committed to support French Finance Minister Christine Lagarde's candidacy for the International Monetary Fund's (IMF) top job, Finance Minister Pranab Mukherjee said, a sign that India may still be hopeful of nominating an alternative candidate.

  • 07/06/2011 | World

    Lagarde to visit Saudi, Egypt on IMF tour

    French Finance Minister Christine Lagarde will visit Saudi Arabia and Egypt this weekend as she tries to shore up emerging market support for her IMF candidacy with a whirlwind global tour.

  • 05/06/2011 | World

    Strauss-Kahn to plead not guilty in New York

    Former IMF chief Dominique Strauss-Kahn will plead not guilty to charges he tried to rape a New York hotel maid before Judge Michael Obus today.

  • 06/06/2011 | World

    Strauss-Kahn to plead not guilty to sex charges

    Former IMF chief Dominique Strauss-Kahn will plead not guilty today to charges he sexually assaulted a New York hotel maid in a case that cost him his job and a chance at the French presidency.

  • 06/06/2011 | World

    Strauss-Kahn pleads not guilty to sex charges

    Wearing a dark suit, Strauss-Kahn arrived at the courthouse with his wife, French television journalist Anne Sinclair, walking beside him, arm-in-arm. Kahn pleads not guilty to sex charges. The hotel maid will testify against him, lawyer says.

  • 26/05/2011 | World

    Clinton says US backs strong women for top jobs

    The United States "unofficially" welcomes highly qualified women candidates to lead international organizations such as the International Monetary Fund, Secretary of State Hillary Clinton said when asked about the candidacy of French Economy Minister Christine Lagarde.

  • 01/06/2011 | World

    Europe struggles towards new Greek bailout deal

    The stakes keep rising in a multi-dimensional poker game over Greece's debt crisis, but none of the key stakeholders appears to have any interest in pushing Athens into default.

  • 03/06/2011 | World

    Next tranche of Greek aid expected next month-lenders

    A next tranche of international aid for Greece should be available in early July following further talks in the next few weeks on the government's economic programme, the EU, ECB and IMF said.

  • 23/05/2011 | World

    Traces of Strauss-Kahn's DNA found on alleged victim's clothing

    Crime scene investigators have found traces of the DNA of former IMF International Monetary Fund managing director Dominique Strauss-Kahn in the clothes of the hotel maid that accused him of sexual assault and rape attempt, media outlets reported.

  • 25/05/2011 | World

    Geithner: Lagarde and Carstens 'credible' for IMF

    Treasury Secretary Timothy Geithner said France's Christine Lagarde and Mexico's Agustin Carstens are both "credible" candidates to lead the International Monetary Fund, but he wants the candidate who can earn the broadest support.

  • 26/05/2011 | World

    G8 leaders gather in France, eyes on Arabs, IMF

    French President Nicolas Sarkozy hosts an opening lunch for the 24-hour annual summit in the northern seaside resort of Deauville. Bilateral meetings among the leaders of the G8 have already begun before lunch.

  • 22/05/2011 | World

    Lagarde leads IMF race, competition from Mexico

    French Finance Minister Christine Lagarde's candidacy for IMF chief gained momentum in Europe while Mexico put forward its own candidate, ensuring competition for the top job.

  • 23/05/2011 | World

    Strauss-Kahn's letter to the IMF staff: he denies charges, apologizes

    In a letter to IMF staff circulated today, former IMF Managing Director Dominique Strauss-Kahn strongly denied charges against him and called the events around his arrest on attempted rape "a personal nightmare."

  • 23/05/2011 | World

    Text: Strauss-Kahn farewell letter to IMF staff

    The following is the full text of a letter from former International Monetary Fund Managing Director Dominique Strauss-Kahn to IMF staff.

  • 20/05/2011 | World

    Strauss-Kahn team consults ex-CIA officers' firm

    The legal team defending former IMF chief Dominique Strauss-Kahn against sexual assault charges has informally sought public relations advice from a Washington consulting firm run by former CIA officers and US diplomats.

  • 21/05/2011 | World

    Strauss-Kahn hidden inside New York safe house

    Former IMF chief Dominique Strauss-Kahn spent his first night out of jail since his arrest on attempted rape charges, inside a Manhattan safe house, well-hidden from the media gathered outside.

  • 21/05/2011 | World

    Britain endorses Lagarde as new IMF chief

    Britain endorsed French Finance Minister Christine Lagarde as an "outstanding candidate" for IMF chief, the first G7 country to officially back her as Dominique Strauss-Kahn's successor

  • 19/05/2011 | World

    Straussgate:US pushes for speedy succession at IMF

    US Treasury Secretary Timothy Geithner called for an "open process" to select a new head of the International Monetary Fund, although it is expected that Washington will back a European.

  • 20/05/2011 | World

    Ex-IMF chief Strauss-Kahn released from New York jail

    Former IMF chief Dominic Strauss-Khan was released from New York's Rikers Island jail shortly before 4 p.m, a law enforcement official said.

  • 20/05/2011 | World

    IMF approves 26 billion euro funding for Portugal bailout

    The International Monetary Fund approved a 26 billion euro loan for Portugal and said it would immediately disburse 6.1 billion euros of the money to the euro zone member country to ease investor concerns over its debts.

  • 18/05/2011 | World

    IMF chief gets new bail hearing

    A New York court will hear a fresh request to release IMF chief Dominique Strauss-Kahn from custody on bail after he was charged with trying to rape a hotel maid.

  • 18/05/2011 | World

    Strauss-Kahn resigns as IMF chief

    The International Monetary Fund said Dominique Strauss-Kahn has resigned as its head following charges against him of sexual assault and attempted rape.

  • 19/05/2011 | World

    Strauss-Kahn arrives at court for bail hearing

    Former IMF chief Dominique Strauss-Kahn, who is charged with trying to rape a hotel maid, arrived at a New York court building for a bail hearing.

  • 17/05/2011 | World

    NY maid unaware of IMF chief's identity, lawyer assures

    A hotel maid, whom IMF chief Dominique Strauss-Kahn is accused of trying to rape, was unaware of his identity until a day after the alleged attack, her lawyer said.

  • 18/05/2011 | World

    IMF sounds alarm for Greece, more reforms needed

    The IMF warned Greece it must redouble reform efforts to avoid derailing its fiscal program, key to dealing with a huge debt mountain.

  • 18/05/2011 | World

    Strauss -Kahn: pressure to step down rises

    The arrest of Strauss-Kahn dashed prospects for the French presidency and raised broader questions over the future of the International Monetary Fund.The hotel maid who says Dominique Strauss-Kahn tried to rape her is due to testify before a New York grand jury.

  • 13/05/2011 | World

    EU says Greece needs more measures to meet bailout terms

    Euro zone policymakers piled pressure on Greece to drive through more austerity after bleak economic forecasts showed the debt-choked country would miss fiscal targets without further reforms.

  • 14/05/2011 | World

    IMF head arrested in New York accused of sexual attack

    IMF Managing Director Dominique Strauss-Kahn was taken into custody at JFK airport in New York and was being questioned in regard to a sexual assault, a New York police spokesman told reporters.

  • 16/05/2011 | World

    Judge denies bail to IMF chief in sex assault case

    IMF chief Dominique Strauss-Kahn was denied bail on charges he attempted to rape a hotel maid, a crushing blow for the man until recently seen as a front-runner for the French presidency and who oversaw world finance.

  • 03/05/2011 | World

    Portugal agrees EU/IMF bailout, Greece deal teeters

    Portugal agreed a three-year 78-billion-euro ($116 billion) bailout with the European Union and IMF, making it the third euro zone country in a year, after Ireland and Greece, to need financial help.

  • 11/05/2011 | World

    Greeks strike as EU and IMF start key visit

    Police fired tear gas at dozens of youths hurling stones in central Athens and a strike against austerity brought much of Greece to a halt during talks on the next slice of a bailout package.Police said 17 demonstrators and two policemen were hurt in the clashes.

  • 12/05/2011 | World

    Debt crisis could still spread to EU core: IMF

    Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe, the International Monetary Fund warned.

  • 18/04/2011 | World

    IMF criticizes developing countries' response to overheating risks

    The International Monetary Fund criticized developing countries for not responding strongly enough to the surge of hot money into their markets, saying the result could be a hard economic landing.

  • 20/04/2011 | World

    IMF's Blanchard says US lacks deficit plan

    The United States lacks a credible plan to cut its deficit over the medium term, the International Monetary Fund's chief economist Olivier Blanchard told French daily Le Monde in an interview published today.

  • 03/05/2011 | World

    IMF sees signs southern Latin America is overheating

    There are clear signs of overheating in Latin America's southern economies, Nicolas Eyzaguirre, International Monetary Fund director for the Western Hemisphere, said at an event during which he touched on the value of Latin American currencies.

  • 14/04/2011 | World

    IMF: 'We are still at the center of a crisis'

    "We are still in a crisis, and the consequences of this crisis are still very strong, not only in Europe but importantly in Europe. The apex of the crisis is behind us but it would be part of the complacency I am trying to avoid to believe we are in a post crisis era," IMF Managing Director Dominique Strauss-Kahn said today in Washington.

  • 15/04/2011 | World

    Strauss-Kahn: ‘IMF is like a doctor’

    By Liliana Franco, from Washington DC.- “We are glad when countries don’t need money (from us),” the head of the International Monetary Fund Dominique Strauss Kahn said in respond to the criticisms made by Wael Ghonomi, an Egyptian activist in Internet, who assured that the money that the IMF gives to the country is not useful, and added that, for example, Brazil decided to pay its debts in order to avoid applying the Fund’s programmes.

  • 16/04/2011 | World

    IMF overseer suggests eyeing policies that spur capital flows

    The International Monetary Fund should offer recommendations for national policies that spur excessive flows of capital into other economies as well as policies that seek to temper them, the IMF's steering committee said.

  • 07/04/2011 | World

    IMF: 'Fickle' capital flows may slow when Fed hikes

    The surge of hot money that has vexed many emerging markets may slow dramatically once the US Federal Reserve begins raising interest rates, the International Monetary Fund said.

  • 08/04/2011 | World

    IMF says will move swiftly on Portugal aid request

    The International Monetary Fund (IMF) said it had received a request from Portugal for financial assistance and the institution will move quickly to negotiate a loan program with the authorities.

  • 12/04/2011 | World

    Portugal starts bailout talks; deal seen

    Portugal launched talks with European authorities and the IMF on a bailout the caretaker government says is needed to cover the country's financing from June, as politicians jostled ahead of a general election.

  • 12/02/2011 | World

    Greece slams EU, IMF officials after inspection visit

    Greece accused the EU and IMF of interfering in its domestic affairs after the international lenders said Athens must speed up reforms and sell more public assets.

  • 17/02/2011 | World

    IMF warns of growing risks, would welcome weaker dollar

    The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

  • 04/04/2011 | World

    IMF urged to use gold profits to aid poor nations

    A global coalition of development groups urged the International Monetary Fund to use windfalls from the sale of 403.3 tonnes of IMF gold to write off the debts of poor countries.

  • 27/01/2011 | World

    IMF welcomes Obama fiscal reform plan, urges more

    US President Barack Obama's announcement this week on broad-based fiscal reforms are welcome but it is urgent that Washington be more specific about its plans to cut its budget deficit and public debt, a senior IMF official said.

  • 01/02/2011 | World

    Joblessness, rising prices could spark war within nations: IMF chief

    The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.

  • 11/02/2011 | World

    EU, IMF approve new Greek aid, demand to speed up reforms

    EU and IMF inspectors gave the green light for a new 15 billion euros tranche of aid for Greece but said progress was too slow and urged Athens to speed up reforms to meet the targets of its bailout deal.

  • 15/12/2010 | World

    Ireland passes bailout package despite opposition

    Ireland's parliament approved a multi-billion euro EU/IMF bailout package in the face of opposition threats to renegotiate the deal to force losses on some senior bondholders in Irish banks.

  • 16/12/2010 | World

    IMF approves Ireland loan, open to re-negotiation

    The International Monetary Fund (IMF) approved a 22.5 billion euros loan for Ireland and said it was open to re-negotiating parts of the bailout package with a new government provided its overall targets were adhered to.

  • 16/12/2010 | World

    IMF chief: Spain to avoid wider debt woes

    Spain will ward off the worst of a European debt crisis without needing a rescue and there is no threat to the euro currency's existence, the head of the International Monetary Fund said.

  • 31/07/2012 | Latin America

    IMF: Rapid household credit growth in Brazil needs watching

    Brazil's financial system is "strong" although rapid credit growth to households is a risk that needs to be carefully monitored, the International Monetary Fund said.

  • 10/02/2012 | Latin America

    IMF foresees slower growth for Latin America

    The International Monetary Fund (IMF) continues to review its predictions regarding economic growth for 2012 and foresees a recession in the Euro zone and lower demand of commodities that will affect Latin America and the Caribbean, the Western Hemisphere director Nicolás Eyzaguirre said.

  • 03/05/2012 | Latin America

    IMF assures there is no nationalization 'trend' in the region

    The International Monetary Fund (IMF) affirmed that it does not see a trend in South America toward state nationalization of private companies despite moves made by Bolivia and Argentina in recent weeks, a spokesman said today.

  • 26/07/2012 | Latin America

    IMF's western hemisphere director Eyzaguirre resigns

    The IMF’s western hemisphere director, Nicolás Eyzaguirre, resigned to his post today in order to become the CEO of Chilean Canal 13 network.The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.

  • 31/05/2011 | Latin America

    Mexican aspiring IMF chief visits Argentina

    The head of the Mexican Bank, Agustin Carstens, aspiring chief of the International Monetary Fund, will arrive in Buenos Aires in the next hours, a source said. He will do so after his visit to Brazil, where he also is gathering support to back his bid as a successor of Dominique Strauss Kahn.

  • 18/10/2011 | Latin America

    Brazil’s Rousseff asks for ‘credible’ compromise to tackle EU debt crisis

    Brazil’s Rousseff asked today for a “credible comprise” to overcome EU debt crisis. Leaders from India, Brazil and South Africa urged the world's rich countries today to contain their financial crises and prevent the global economy from slipping into a double dip recession.

  • 24/01/2012 | Latin America

    Latin American growth forecast cut by IMF

    The International Monetary Fund (IMF) released today the institution’s revised numbers for the world’s economic growth. The report stated that Latin American growth should stay under the 4 percent which was previously estimated at 3.6 percent. 

  • 26/03/2011 | Latin America

    IMF warns of Latin American overheating and credit bubble risks

    The head of the International Monetary Fund warned that many Latin American economies showed signs of overheating and that the region was at risk of credit bubbles.

  • 12/05/2011 | Latin America

    IMF: Latin America's economic boom could end in a full-blown crisis

    Latin America's economic boom could end in a "full-blown" crisis unless the region's governments properly manage the situation, the International Monetary Fund's top regional official said in an unusually stark warning to both policymakers and investors.

  • 30/05/2011 | Latin America

    Lagarde pledges IMF reform in bid to woo Brazil

    French Finance Minister Christine Lagarde pledged to push reforms to give Brazil and other emerging economies more influence at the International Monetary Fund as she kicked off a worldwide tour to win support for her candidacy to lead the global lender.

  • 02/02/2013 | Economy

    IMF ‘censures’ Argentina over INDEC data

    Argentina became the first country censured by the International Monetary Fund for not sharing accurate data on inflation and economic growth under a procedure which could end in expulsion.


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