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International monetary fund News

Op-Ed: Greece threatens to default on IMF loan payment

Athens - Conflicting narratives are coming from the Greek government. There are reports that the government is drawing up plans to nationalize the banking system and introduce the drachma as a parallel currency to the euro.

Health care system in collapse as Ebola death toll passes 3,000

As fast as clinics are built, they are filled up, leaving scores of the sick and dying to sit or crouch on the ground outside the gates. Ebola is turning into an insurmountable obstacle as health care workers labor day and night, fighting a losing battle.

IMF economists: Taxing the rich is good for the economy

A trio of International Monetary Fund economists have released a new study that seems to debunk a central pillar of conservative economic ideology -- that taxing the rich to help the poor harms the economy.

IMF chief heckled by students at University of Amsterdam (video)

Amsterdam - Christine Lagarde barely got a chance to open her mouth when giving a lecture at the University of Amsterdam, when student hecklers rose up and started a typical Occupy mic check.

Troika sued for crimes against humanity by Independent Greeks

Greece's troika of international lenders has been sued for crimes against humanity by the country's fourth political party, the Independent Greeks.

IMF tainted at the top, says departing economist

In his letter of resignation economist Peter Doyle says he is "ashamed of his 20 years with the IMF", accuses the organisation of incompetence, and questions the fitness of its current Managing Director to lead.

Op-Ed: The Lagarde controversy — austerity should begin at home

Washington - The recent remarks by International Monetary Fund head honcho Christine Lagarde has caused a storm of controversy in Greece. Maybe she and her organisation should practice the austerity she preaches?

Op-Ed: IMF's Christine Lagarde insults Greeks

Christine Lagarde, head of the International Monetary Fund (IMF) has enraged Greeks with her dismissive comments blaming the Greek public for the economic crisis by trying to escape paying taxes all the time.

IMF and EU threaten Greece must adhere to austerity

As confusion reins over the political landscape in Greece, the International Monetary Fund (IMF) and the European Union have warned Greece must adhere to austerity measures, including the implementation of more cuts in June.

Bank of Canada wants policies to restrain free market, incomes

Rio De Janeiro - Bank of Canada deputy governor Tiff Macklem delivered a speech to a business audience, in which he argues for public officials to enact policies that would rein in the free market and address income inequalities.

IMF optimistic about African economy, set to grow 5% this year

Nairobi - The International Monetary Fund released a report on the Sub-Saharan African region. In their analysis, the IMF expected the area to have five percent growth this year. The IMF projects another six percent growth next year.

Geithner says Strauss-Kahn in 'no position' to run IMF

New York - US Treasury Secretary Tim Geithner said Tuesday International Monetary Fund chief Dominique Strauss-Kahn is in “no position” to run the agency, and recent reports on the alleged rapist now state he is on suicide watch at the Rikers Island jail complex

IMF managing director arrested over sexual assault allegations

New York - Dominique Strauss-Kahn, the International Monetary Fund’s managing director, was arrested on Saturday at Kennedy International Airport just minutes before his flight’s departure, over allegations of a sexual assault in his New York City hotel room.

IMF: US needs 'credible strategy' on tackling public debt

Citing concerns over the prospect of a new global economic crisis, the International Monetary Fund warned the US needs to get serious about reducing its massive debt burden.

IMF expert warns Ireland to seek a bailout now or risk bankruptcy

Irish press is abuzz with the words of advice given to Ireland's government by IMF expert, Simon Johnson. Johnson is a Professor of Entrepreneurship at Massachusetts Institute of Technology.

IMF warns social stability at risk if unemployment remains high

Oslo - We should focus on jobs, heads of the International Monetary Fund (IMF) and the International Labour Organization (ILO) urged world leaders Monday as they wrapped up a conference on global unemployment.

IMF to begin sales of 191.3 tons of gold bullion 'shortly'

The International Monetary Fund has announced that it will begin to sell 191.3 tons of gold bullion soon to reduce its dependence on lending revenue.

India may buy more gold from IMF, gold soars

Earlier this month, the government of India purchasd $7 billion worth of gold bullion and now there have been talks that India may buy more from the International Monetary Fund. When this news report hit, gold hit another benchmark at $1,180.

Coalition Government in Romania Collapses

The coalition government in Romania has collapsed following the resignation of the Social Democratic Party (PSD) in protest at the dismissal of Interior Minister Dan Nica.

Lithuania considers IMF lifeline

One year ago Lithuania was year among the fastest growing economies in Europe. Now its economy is plunging due to for example, the burst of a real estate bubble.

IMF: World economy dipped into worst recession since World War II

The International Monetary Fund said in 2009 the world economy is going to face most severe recession since World War II, cutting its forecast of global economic growth for 2009 to 1.3 per cent — almost 2 per cent less than the previous projection.

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Christine Lagarde
Christine Lagarde.
International Monetary Fund managing director Dominique Strauss-Kahn.
International Monetary Fund managing director Dominique Strauss-Kahn.
International Monetary Fund/flickr