The IMF ignored its own research and pushed too early for richer countries to trim budgets after the global financial crisis.» Read More
Christine Lagarde, the frontrunner to become the next managing director of the IMF, has sought to assure developing economies they would be fairly represented at senior positions at the fund. The FT reports.
Dominique Strauss-Kahn, the French erstwhile managing director of the International Monetary Fund, had not even resigned before Europeans started to coalesce around Christine Lagarde, the French finance minister, as his successor. Gone are past promises of an open selection. The Europeans insist on the principle that what we have we hold. The ancien régime survives.
John Lipsky, acting managing director of the International Monetary Fund, told CNBC Monday he will be retiring Aug. 31 when his term as first deputy ends.
Greece must avoid debt restructuring and implement the austerity measures it has promised to introduce in order to shrink its budget deficit, French Finance Minister Christine Lagarde told CNBC on Monday.
Looks like we can raise the "all clear" sign here on Earth, though it didn't seem like the Oklahoma City Thunder got the memo when they forgot to play the first third of Saturday night's NBA playoff game. Markets try to get their groove back, the IMF looks to announce its next leader and the Treasury Department gets ready to unload some AIG. Here's what we're watching…
European leaders can't seem to agree on how - or whether - to help Greece. But they sure aren't helping the euro.