International Monetary Fund Stories
Germany sees IMF and EU staying involved in Greece
Germany expects the European Union and the International Monetary Fund to remain involved jointly in any continued aid program for debt-laden Greece, a finance ministry spokesman said on Wednesday. The comments contradict an earlier report in the Frankfurter Allgemeine Zeitung newspaper which had said it appeared certain the IMF would not contribute its share of the next tranche of aid under Greec...
Euro officials scrambling to save Greece from financial disaster
Speculation is rising that the cash-strapped Greek government is nearing an agreement with officials from the European Union, International Monetary Fund and European Central Bank on then next round of bailout financing.
Greece nears IMF/EU deal, dismisses drachma talk
Greece should complete talks by the end of the week with inspectors from the EU and IMF on a medium-term budget plan plus a vital next slice of international aid, sources close to the negotiations said on Wednesday.
German report casts doubt on IMF payout for Greece
It seems certain the IMF will not pay its share of an aid tranche to Greece at the end of the month but the global lender is likely take part in any new program, a German newspaper reported on Wednesday.
Greece to complete bailout talks by Thursday: paper
Greece and a team of EU/IMF/ECB inspectors are set to conclude talks by Thursday on a medium-term fiscal plan including the government's progress toward meeting budget targets, a Greek newspaper reported on Wednesday.
Greece moves on austerity deal, opposition wants more
Greece appears to have agreed a tax cut with its international lenders, aimed at forging a broad consensus for more austerity to avoid a debt default, but the opposition said on Tuesday this would still not win its support.
Another Banker Faces Charges of Assaulting A Hotel Worker
Another powerful financier was arrested for molesting a Manhattan maid, underscoring the accusations that have enveloped former International Monetary Fund chief Dominique Strauss-Kahn.
Price To Buy Gold Stays Flat, Greek Restructuring Not An Option As Talk Turns To New €60bn Aid Package
Gold continued to trade in a tight range Tuesday morning around $1538 per ounce - just over 2% off its all-time high - after a flat day on Monday as the UK and US had official holidays.
Greece, troika agree on lower VAT rate: report
Greece and a team of EU, IMF and ECB inspectors reviewing the country's economy have agreed on a value-added tax cut to help achieve a broader political consensus on more austerity, a Greek newspaper said on Tuesday.
Ireland rules out second bailout; to test market in 2012
Ireland's government moved on Monday to quash speculation it would be forced to seek a second EU-IMF bailout and said it would make a tentative return to international debt markets in the final quarter of next year.
Greek debt fears weigh on euro, curb world stocks
The euro slipped and world stocks were stuck on Monday with fears of a Greek debt default undimmed and U.S. and UK market holidays keeping many investors on the sidelines.
ECB's Bini Smaghi warns against default repercussions
The idea that a Greek debt restructuring could be carried out in an orderly way is a fairytale, European Central Bank board member Lorenzo Bini Smaghi said in an interview published on Monday.
EU, IMF to judge Greece as protests swell
European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
EU, IMF expected to judge Greece as protests swell
European and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
Strauss-Kahn assembles crisis team to fight back
Faced with a legal and media onslaught, Dominique Strauss-Kahn is pulling together a crack team of investigators, former spies and media advisers to fight back against charges he sexually assaulted a hotel chambermaid.
Ireland may need more EU/IMF cash: minister
Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday.
Greece denies missed fiscal targets as EU bickers
Greece's hopes of averting default dimmed on Saturday as fears grew the country may have missed fiscal targets set by its lenders while euro zone policymakers bickered on how to respond to the deepening crisis.
Inspectors say Greece missed all fiscal targets: magazine
Greece has missed all fiscal targets agreed under its bailout plan, a mission from an international inspection team found, putting further funding for Athens at risk, according to a German magazine.
Gold futures advance on Greece debt fears
Gold futures advanced on Friday as deepening concern over Greece debt default spurred demand for the metal as a safe haven investment.
Latin America ‘has the credentials’ to run IMF: IADB president
Pushing Mexico’s bid for IMF chief, Luis Moreno, president of the Inter-American Development Bank told Reuters on Thursday that next IMF chief deserves to be from Latin America.
Wall Street falls on signs of economic slowdown
Stocks fell on Thursday following a rise in weekly jobless claims that added to concerns about an impending economic slowdown, while Goldman Sachs lowered its forecast for the S&P 500 index.
G8 promises to finance Middle East economies
The G8 summit of industrialized nation’s leaders this week could transform the Middle East economies with financial efforts to win back investors' confidence.
‘Democratic consultation’ in selection of IMF head: China
China's Foreign Ministry on Thursday said that any decision on who should head the International Monetary Fund should be made through democratic consultation.
India urges for joint IMF candidate from BRICs
India is talking with other emerging nations to build support for a common candidate for a developing economy to be the next head of the International Monetary Fund, with Mexico's Central bank chief being a possibility, said two government sources, reported Reuters.
Christine Lagarde: The Unconventionally Successful French Politician
Christine Lagarde is an unconventional but highly successful French politician.
Geithner praises both IMF candidates Lagarde and Carstens
The next chief of the International Monetary Fund (IMF) will likely be one of two candidates, France Finance Minister Christine Lagarde (who has officially announced her interest in the job) and Mexico’s central bank governor Agustin Carstens, who is also lobbying for the sought-after position.
Strauss-Kahn trial encourages 2 women file sex allegations against French minister Georges Tron
Two French women are filing official complaints against a government minister they accused of sexual harassment, a report said.
Euro-denominated gold jumps to record high
Gold rose to a record high for the third consecutive session on Wednesday as deepening concern over Europe's sovereign debt crisis spurred demand for the metal as a safe haven investment.
French finance minister Lagarde finally announces bid to lead IMF
French Finance Minister Christine Lagarde announced on Wednesday that she will be seeking to lead the International Monetary Fund.
BRICs slam European grip on IMF, Lagarde leads race
Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.