French Finance Minister Christine Lagarde has traveled to India in the latest stop of a tour to seek support to become the next head of the International Monetary Fund. Lagarde is set to meet Tuesday with officials in New Delhi as part of a global tour that has included a stop in Brazil and expected […]
Lagarde Visits India to Boost IMF Leadership Bid
Posted June 7th, 2011 at 5:55 am (UTC-5)
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Quake-Stricken Japan to Host 2012 IMF, World Bank Meetings
Posted June 7th, 2011 at 12:20 am (UTC-5)
The International Monetary Fund and World Bank have moved their 2012 annual meetings to Tokyo in a show of support for Japan’s efforts to recover from the nation’s most powerful earthquake. The Washington-based institutions said Monday the meetings were being transferred from Egypt, which had asked that they be moved because of political instability in […]
Former IMF Chief Pleads Not-Guilty to Sex Crimes
Posted June 6th, 2011 at 10:40 am (UTC-5)
Former International Monetary Fund chief Dominique Strauss-Kahn has pleaded not guilty in a U.S. court to charges that he attempted to rape a maid in a New York hotel last month. Strauss-Kahn, who was accompanied by his wife and legal team, was greeted outside the court by a group of women in maid uniforms shouting […]
IMF Agrees to $3 Billion Loan for Egypt
Posted June 6th, 2011 at 12:55 am (UTC-5)
The International Monetary Fund has agreed to lend Egypt $3 billion in a one-year program designed to help stabilize the country’s economy and drive growth. The IMF outlined the deal Sunday, saying it will help generate jobs, assist low-income households and create a more competitive business environment with a focus on small and medium companies. […]
Former IMF Chief to Plead Not-Guilty to Sex Crimes
Posted June 5th, 2011 at 3:20 pm (UTC-5)
Lawyers for former International Monetary Fund chief Dominique Strauss-Kahn say he will plead not guilty in a U.S. court Monday to charges that he attempted to rape a hotel maid last month Strauss-Kahn is to appear before a judge in a New York court. He faces 25 years in prison if he is convicted on […]
Brazil: Choose New IMF Chief for Skills Not Nationality
Posted June 3rd, 2011 at 3:45 pm (UTC-5)
Brazil’s Finance Minister Guido Mantega says the new head of the International Monetary Fund should be chosen on the basis of skills, not nationality. In a Friday telephone conference with journalists, Mantega criticized a decades-old custom of giving the top IMF post to a European with the top job at the World Bank going to […]
Mexican IMF Contender Visits Brazil
Posted June 1st, 2011 at 4:15 pm (UTC-5)
The head of Mexico’s central bank says Latin American countries deserve greater representation at the International Monetary Fund. Agustin Carstens made the comments Wednesday in Brazil, where he is seeking support for his bid to become the next managing director of the IMF. Carstens met with Brazilian Finance Minister Guido Mantega in Brazil’s capital, Brasilia, […]
Belarus Asks IMF for Rescue Loan of Up to $8 Bn
Posted June 1st, 2011 at 12:05 pm (UTC-5)
Belarus is requesting a new economic rescue loan from the International Monetary Fund to help it cope with a deepening financial crisis. Belarusian Prime Minister Mikhail Myasnikovich said Wednesday the government has asked for an IMF loan between $3.5 billion and $8 billion for the next three to five years. Belarus last received an IMF […]
Belarus Asks IMF for a Rescue Loan
Posted June 1st, 2011 at 4:50 am (UTC-5)
Belarus says it is asking the International Monetary Fund for a rescue loan to help it cope with a deepening financial crisis. The former Soviet republic announced the request Wednesday, a day after it froze prices on some basic foods until July 1 and several days after it devalued its currency by more than a […]
