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IMF trims global growth forecast, sees bumpy recovery

The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the United States and the latest struggles of recession-stricken Europe.

 

IMF will contribute 1 billion euros to Cyprus bailout

Christine Lagarde

The International Monetary Fund will contribute 1 billion euros ($1.29 billion) over three years to the 10 billion euro bailout for Cyprus, IMF Managing Director Christine Lagarde said in a statement on Wednesday.

 

IMF: Spanish banks need $46 billion

Spain Bailout

Spain's banks need at least 40 billion euros (about $46 billion) in fresh capital to preserve the country's financial stability, the International Monetary Fund said Friday in an eagerly-awaited report.

 

IMF: No bailout plans for Spain in the works

The International Monetary Fund says it has not been asked by Spain for a bailout and has not begun preparing one.

 

Greece must stick to bailout terms: IMF's Lagarde

Christine Lagarde

Political leaders in Greece need to show the resolve to stay in the euro zone, which will require Athens to stick to the terms of its rescue package, International Monetary Fund Managing Director Christine Lagarde said on Thursday.

 

IMF approves $36.7 billion bailout for Greece

The International Monetary Fund on Thursday approved a 28 billion euro ($36.7 billion) bailout for Greece, part of a broader international rescue package for the debt-strapped euro zone member.

 

I.M.F. Seeks Additional $500 Billion

IMF: Christine Lagarde

The International Monetary Fund said it aims to raise up to $500 billion for new loans, and said its staff estimates that countries will need about $1 trillion in loans over the coming years.

 

Italy, Spain haven't asked IMF for help: Lagarde

IMF's Christine Lagarde

Italy and Spain have not asked to be rescued by the International Monetary Fund, the head of the lender said on Monday as she urged European leaders to quickly solve the region's festering debt crisis.

 

Obama, G-20 can't agree on IMF rules

Obama, G-20 can't agree on IMF rules

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.

 

Europe rejects U.S. approach to financial crisis, stirring doubts about plan

Europe rejects U.S. approach to financial crisis, stirring doubts about plan

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.

 

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