International Monetary Fund | featured news

THE warning was clear: Greece was spiraling out of control. But the alarm, sounded in mid-2009, in a draft report from the International Monetary Fund, never reached the outside world. Greek officials saw the draft and complained to the I.M.F. So the final report, while critical, played down the risks that Athens might one day default, with disastrous consequences for all of Europe.

President Obama and the G-20 could not agree on how to add resources to the International Monetary Fund so that it can help with the European debt crisis. G-20 members did say that the IMF should have more tools and money, but decisions on exactly how to do that were put off until next year.

European officials have rejected key recommendations from the United States and the International Monetary Fund, casting doubt on whether an emerging plan to address the region’s financial crisis will be as broad or fast acting as hoped.

After investigating a complaint filed against former International Monetary Fund head Dominique Strauss-Kahn, in which a journalist accused him of attempting to rape her in 2003, French prosecutors said there was a lack of sufficient evidence to file charges.

The International Monetary Fund is sharply downgrading its outlook for the U.S. economy through 2012 because of weak growth and concern that Europe won't be able to solve its debt crisis.

Dominique Strauss-Kahn broke his silence four months after a New York hotel maid accused him of sexual assault, calling his encounter with the woman a "moral failing" he deeply regrets, but insisting in an interview on French television Sunday that no violence was involved.

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a "dangerous new phase" of recovery.

Former International Monetary Fund leader Dominique Strauss-Kahn was believed to be heading to his native France.

Former IMF chief Dominique Strauss-Kahn apologized to the institution's staff in his first return visit since charges of sexual assault against him were dropped last week.

The criminal case against Dominique Strauss-Kahn, the former managing director of the International Monetary Fund, officially ended Tuesday after a Manhattan judge dismissed all charges at the prosecution’s request.