INTERNATIONAL MONETARY FUND

Germany to Make Decision on Firewall in March: Finance Minister

Large euro sign installation is seen in front of the European Central bank headquarters in Frankfurt.
The German government will decide whether to boost the European bailout fund in March and its parliament is very likely to support any decision for more resources, Finance Minister Wolfgang Schaeuble said on Saturday at a meeting of finance officials from the Group of 20 economic powers.
U.S. Treasury Secretary Timothy Geithner (C) arrives at a meeting of Group of 20 finance ministers and central bankers in Mexico City February 25, 2012.

G-20 Inches Toward $2 Trillion in Rescue Funds for Euro Zone

Germany is easing its opposition to a bigger European bailout fund, officials said, smoothing the way for the world's leading economies to secure nearly $2 trillion in firepower to prevent more fallout from the euro-zone's sovereign-debt crisis.
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Secretary-General of the Organization for Economic Cooperation and Development (OECD) Angel Gurria (L) speaks next to Mexican Finance Minister Jose Antonio Meade, on the sidelines of the meeting of finance ministers and central bank governors of the group

G-20 Deal on Euro Zone Will Not be Reached This Weekend

World economic powers at a Group of 20 gathering in Mexico City told Europe on Friday it would have to do more to fight its financial crisis before they agree to provide backup in the form of a bigger International Monetary Fund war chest.
Greece's PM Papademos makes statements after a meeting with President Papoulias in Athens

Greeks Approve Bond Swap Needed for Bailout

Greece took its first step toward reaping urgently needed funds agreed in a 130-billion-euro rescue package Thursday as its parliament endorsed a bond swap for private holders of its debt.
Greece

Greek Parliament Approves Debt Swap

Greece's parliament endorsed a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.
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Greek parliament approves debt swap for rescue

Greece's parliament endorsed a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.
Treasury Undersecretary for International Affairs Lael Brainard testifies at a House Financial Services Committee hearing on financial regulatory reform on Capitol Hill in Washington

Treasury Says Europe Needs Solid Debt Firewall

It is critical that Europe put up a convincing firewall against the risk of financial contagion from its debt crisis before more aid from the International Monetary Fund is discussed, a top Treasury Department official said on Wednesday.
EU and IMF

EU to Ask G20 to Back Increased IMF Funds

European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
Former IMF Director Dominique Strauss-Kahn

Dominique Strauss-Kahn: Investigation Into Prostitution Ring Involvement

Dominique Strauss-Kahn, former International Monetary Fund (IMF) chief is being questioned today by French police for his involvement in a prostitution ring. Dominique Strauss-Kahn, former International Monetary Fund (IMF) chief is being questioned today by French police for his involvement in a prostitution ring.
Greece and EU

Europeans Near Deal on Second Greek Bailout

Euro zone finance ministers inched toward approving a second bailout for debt-laden Greece Monday night that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.
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Asian Markets Buoyed by China Easing, Greece Hopes

Markets jumped Monday as policy easing by China and prospects for Greece to clinch a second bailout fund buoyed investor appetite for riskier assets, sending U.S. crude up nearly $2 a barrel and Asian shares up nearly 1 percent.
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IMF Should Back Greek Pact: Geithner

U.S. Treasury Secretary Tim Geithner said on Sunday the United States would encourage the International Monetary Fund to support an agreement on Greek economic reforms that had been agreed to by Greek leaders.

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