Topic: International Monetary Fund

Europe finance chiefs defend crisis action

Europe's finance chiefs defended their approach in addressing the debt crisis as pressure built from markets and other regions to take action to prevent it from snowballing.With the US and eurozone debt and deficit crisis overhanging the IMF-World Bank annual meeting in ...

G20 assurances fail to convince markets

Assurances by the world's leading powers that they are moving to stabilize the global economy failed to convince Friday, as markets sank again in impatience for more convincing action.A surprise late-night communique from Group of 20 finance ministers and central bankers Thursday ...

Recession panic grips global markets

World markets buckled under a frenzied sell-off Thursday as investors panicked the global economy was headed for another slump, one which policymakers may be ill-equipped to prevent.From New York to Tokyo it was a brutal day for investors as countless billions of ...

IMF warns global economy in danger zone

The global economy has entered "a dangerous new phase," with a recovery that is much weaker than was predicted just months ago, the International Monetary Fund warned Tuesday.Cautioning that Western economies could very well fall back into recession -- with serious knock-on ...

African growth to exceed 5% in 2011/12: IMF

The economy of sub-Saharan Africa will grow by more than five percent this year and next as the region posts a "solid" performance, the International Monetary Fund said Tuesday.In its latest outlook the IMF said growth would reach 5.2 percent this year ...

IMF warns U.S., Europe could slip into recession

WASHINGTON (Reuters) - Europe and the United States could slip back into recession next year unless they quickly tackle economic problems that could infect the rest of the world, the International Monetary Fund said on Tuesday.The IMF said financial volatility had increased ...

IMF staff see increased funding needs from crisis

WASHINGTON (Reuters) - The International Monetary Fund's resources could prove to be sorely lacking if global financial conditions worsen and more countries turn to the global lender for financial rescues, IMF staff said in an internal document.IMF staff estimates of the amount ...
The EU and IMF left a critical audit of Greek finances unfinished on Friday saying more budget work was needed, and the government admitted its deficit target is in trouble.Finance Minister Evangelos Venizelos conceded that Greece would have to revise its public ...

IMF's Lagarde says global economy "on the rebound"

WASHINGTON (Reuters) - International Monetary Fund Managing Director Christine Lagarde said on Wednesday the global economy was rebounding from the financial crisis but recovery remains unbalanced."When we look at our growth forecasts for 2011, 2012, we are clearly on the rebound and ...

New IMF chief faces challenges as job begins

The International Monetary Fund's new Managing Director, Christine Lagarde, will make her debut under intense pressure this coming week, as Greece's financial woes pose an urgent challenge.The French executive is expected to land in Washington on Monday, the Independence Day holiday for ...