International Monetary Fund Stories
G24 nations urge significant IMF vote shift
The Group of 24 nations on Saturday called for a significant shift in IMF voting power to developing nations and a doubling of members' quotas to raise more resources for the global financial institution.
G7 set to issue FX statement
The Group of Seven rich nations is expected to issue its customary call for stable exchange rates on Saturday, but do nothing more specific to address concern a weak dollar could hurt European exports.
IMF, World Bank warn global cooperation could falter
The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter as complacent policymakers lost their will to cooperate.
IMF, World Bank warn on cooperation
The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter as complacent policymakers lost their will to cooperate.
IMF chief: sustained stimulus needed to save jobs
IMF chief Dominique Strauss-Kahn said on Friday that government stimulus was still needed to prop up the global economy because of rising unemployment and a still-damaged financial sector.
Strauss-Kahn calls for IMF resource increase
The head of the International Monetary Fund on Friday called for a further increase in IMF resources so it could play a credible global lender of last resort role.
IMF says global economic recovery has begun
The International Monetary Fund on Thursday declared that a global economic recovery has begun led by Asia, also cautioning that the strength of the rebound depended on a rebalancing of global growth.
Turkish student throws shoe at IMF chief
A Turkish student threw a shoe at International Monetary Fund Managing Director Dominique Strauss-Kahn on Thursday as he made a speech to students in Istanbul ahead of the IMF's annual meeting.
IMF raises U.S. GDP forecast, warns on debt
The U.S. economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said on Thursday.
IMF warns on rising bank losses
The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face of stubbornly high unemployment and associated delinquencies.
IMF cuts global debt writedown estimate to $3.4 trillion
The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face of stubbornly high unemployment and associated delinquencies.
IMF warns loan losses set to rise
The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses were set to rise as unemployment and associated delinquencies increase.
IMF cuts global debt writedown estimate
The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses were set to rise as unemployment and associated delinquencies increase.
IMF to raise world economic growth forecast: paper
The International Monetary Fund will raise its 2010 growth forecast for the world economy to 3.1 percent from 2.5 percent to reflect improving economic conditions, a newspaper reported on Wednesday.
IMF says to revise up 2010 global growth forecast
The International Monetary Fund will increase its forecast for global growth next year in the next few days to account for a faster recovery in major economies, its deputy director said on Monday.
G20 faces credibility test on markets
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
CORRECTED: G20 faces credibility test on markets
(Corrects dates of next meetings, paragraphs 9 and 18)
G20 faces credibility test on markets, climate
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
Upbeat G20 faces credibility test on markets, climate
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
G20 takes charge of world economy
The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and will roll out tougher rules for banks by the end of 2012, a draft communique said on Friday.
New world economic order takes shape at G20
The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique.
China open to G20 talks on new economic balance
A U.S. drive to build a more balanced global economy gained the qualified support of China on Wednesday in a sign that Group of 20 leaders may be ready to take joint action to prevent future economic crises.
China backs G20 coordination
China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
G20 Support builds for rebalancing world economy
Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold.
U.S. to push for new economic world order at G20
The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice.
Europe, U.S., China must take IMF medicine: Trichet
Persuading Europe, the United States and China to accept International Monetary Fund advice on economic polices may be difficult, European Central Bank President Jean-Claude Trichet said on Monday.
G20 to seek unity on economic exit strategy
World leaders will probably agree next week to work together when the time comes to end their massive economic stimulus programs and they were also moving on Friday toward a stiffer line on bankers' pay.
IMF chief sees global recovery in 1st half of 2010
The global economy should recover from recession in the first half of 2010, but it will take time for unemployment levels to decline, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
G20 leaders set to curb bonuses, keep stimulus
World leaders are likely to agree to curb bank bonuses at next week's G20 summit and want evidence recession is over before they stop spending to prop up their economies, European heads of government said on Thursday.
G20 heads for crackdown on bank bonuses
Banks with low levels of capital will not be able to offer large bonuses under guidelines the G20 is set to discuss this month, the Financial Stability Board said on Tuesday.