The IMF ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis.» Read More
*MSCI Asia ex- Japan steady, Nikkei up 1.2 pct. TOKYO, Oct 4- Asian shares steadied on Thursday while the dollar index stayed under pressure, leaving investors who worry about global growth awaiting fresh U.S. economic data and a European Central Bank policy meeting later in the day. The MSCI index of Asia-Pacific shares outside Japan.
PARIS, Oct 3- The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.
CNBC's Steve Liesman breaks down the data on the IMF's forecast for global growth, including the downside risks from Europe's financial crisis and the U.S. "fiscal cliff."
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."
The European Central Bank may “have room” to cut interest rates on Thursday’s meeting, but this is not necessarily the best way to deal with the euro zone debt crisis at the moment, Christine Lagarde, managing director of the International Monetary Fund, told CNBC.
Christine Lagarde, IMF managing director, offers insight on the escalating European borrowing costs and keeping interest rates low. "The best way to encourage the rates to go down is to restore confidence, so investors are pleased with the risks they are taking," she says.
Christine Lagarde, IMF managing director, provides perspective on the debt ceiling, the European economy, and the Spanish banks. "The debt ceiling risk is likely to materialize in early 2013," says Lagarde.
There is a larger measure of agreement on solving the euro zone debt crisis, as everybody understands the seriousness of the situation, the IMF's first deputy managing director tells CNBC at the Saint Petersburg International Economic Forum.
Christine Lagarde, the managing director of the International Monetary Fund, has rarely been out of the headlines this week – and on Tuesday a storm erupted on the Internet over the news that she pays no tax on her salary.
International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems and austerity measures.
CNBC's Maria Bartiromo reports the IMF's Christine Lagarde said, "Key leaders still want to keep the euro zone together and Greece's departure would be extremely expensive."
The International Monetary Fund will be discussing a third bailout for Greece at its meeting later this week, former first deputy managing director John Lipsky told CNBC Monday.
The International Monetary Fund needs $500 billion to help contain the spreading European debt crisis, the organization's managing director, Christine Lagarde, told CNBC.
Italy manages a bond sale, and the Swiss are scolding - it's time for your FX Fix.
Those looking for firm action in the final G20 communique would have had a hard time finding much to get their teeth into.
Europe failed to get the leaders of the world's wealthiest economies to help out with its debt troubles, but everyone left a G20 summit Friday relieved that at least they forced the Greek prime minister not to hold the world hostage with a bailout vote.
The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.
A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.
Lost in much of the rancor and hand-wringing over the debt crisis in the European Union and the US is that it's not just those two regions that will be affected.
Christine Lagarde's leadership of the IMF is not quite three months- but there's simmering debate over whether the IMF can stage-manage the seemingly inevitable Greek debt default without turning it into a global financial crisis.