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The chambermaid who accused former IMF Director Dominique Strauss-Kahn of sexually assaulting her in a luxury Manhattan hotel admitted to fabricating an account of being gang-raped by soldiers in Guinea, calling into to question her credibility.

Former IMF chief Dominique Strauss-Kahn was released without bail on Friday after a dramatic court hearing where the sexual assault case against him appeared to shift in his favor.

Former IMF chief Dominique Strauss-Kahn was released without bail on Friday after a dramatic court hearing where the sexual assault case against him appeared to shift in his favor.

Investigators in the Manhattan District Attorney’s office have discovered significant inconsistencies with the account of the chambermaid who claimed Dominique Strauss-Kahn, the former head of the International Monetary Fund, sexually assaulted her in a luxury hotel room in May, sources said Thursday.

Dominique Strauss-Kahn could walk from charges that he raped a hotel maid. NYTimes reports that US prosecutors are meeting with Strauss-Kahn's lawyers to discuss the possibility of dropping the felony charges against the former IMF director.

Investigators have found evidence of a sexual encounter between former IMF chief Dominique Strauss-Kahn but an unidentified law enforcement official says the accuser has repeatedly lied, the New York Times reported.

Former International Monetary Fund chief Dominique Strauss-Kahn may be freed on bail six weeks after being arrested on charges of sexual assault, the New York Times reported Thursday evening.

The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.

The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.

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

The International Monetary Fund on Wednesday pressed U.S. lawmakers to quickly lift the government's borrowing limit to avoid a severe shock to global markets and a still-fragile economic recovery.

While the passage of the bill gives Greece some breathing room, lowers the risks of an immediate default and will keep the country afloat, the actual implementation of the budget may be very difficult -- if not impossible.

Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned on Wednesday.

While the passage of the bill gives Greece some breathing room, lowers the risks of an immediate default and will keep the country afloat, the actual implementation of the budget may be very difficult -- if not impossible.

India supported France's Christine Lagarde as the International Monetary Fund's next leader because it wanted to be part of the consensus that was forming around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.

India supported France's Christine Lagarde as the next leader of the International Monetary Fund because it wanted to be part of the consensus that was building around her, Indian Finance Minster Pranab Mukherjee said on Tuesday.

French Finance Minister Christine Lagarde on Tuesday was elected the managing director of the International Monetary Fund, maintaining Europe's grasp on the top job at global lender.

The newly named managing director of the International Monetary Fund is urging Greek opposition politicians to pass the Socialist government’s austerity budget.

Brazil on Tuesday backed French Finance Minister Christine Lagarde as the next head of the International Monetary Fund, aligning itself with other big emerging markets such as China instead of its Latin American neighbors.

The International Monetary Fund has named Christine Lagarde its new head and the first woman to lead the organization, according to a statement released from Washington today.

Without telling his government, the head of Afghanistan's central bank has left the country and taken up residence in the US.

The United States has officially declared its endorsement of France’s finance minister Christine Lagarde to be the next chief of the International Monetary Fund (IMF), virtually guaranteeing she will becomes its boss when its board meets next week.

The United States formally offered its backing on Tuesday 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.

French Finance Minister Christine Lagarde looks set to emerge on Tuesday as the International Monetary Fund's new chief, maintaining the tradition of a European heading the global lender.

European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.

French Finance Minister Christine Lagarde is expected to be chosen as early as Tuesday to be the new leader of the International Monetary Fund, The Associated Press reported.

The World Bank said on Sunday it would have to take stock of plans to lend to Egypt after the International Monetary Fund confirmed the authorities no longer wanted an IMF-backed loan program.

Egypt will not borrow from the World Bank and International Monetary Fund after revising its budget and cutting the forecast deficit, even though a loan had been agreed, Finance Minister Samir Radwan said on Saturday.

Greece has won the consent of a team of EU-IMF inspectors for its new five-year austerity plan on Thursday after committing to an additional round of tax rises and spending cuts, sources with knowledge of the talks said.