European policymakers are quickening their preparations to cope with an escalation of the region's debt crisis as talk of a possible Greek default gained pace.
If Greece is certain to default—and many in the global financial community suspect it is—then Antonio Borges didn’t get the memo.
Not long ago, this weekend's IMF conference looked like it would be an upbeat gathering about a prosperous year ahead. But now the gathering of the world's top financial officials has turned into a fairly somber affair.
The International Monetary Fund finds itself front-and-center in dealing with Europe’s debt crisis, urging banks to recapitalize and policymakers to begin to aggressively address the problem. In Asia, however, the Fund finds itself in a completely different role, limited to monitoring and consulting with economies that seem relatively sheltered—at least for now—from the global crisis.
The appointment of a former Chinese central bank official, Zhu Min as a deputy managing director at the IMF was meant to increase Asia's voice at the Fund. But some current and former policymakers, say the region remains under-represented.
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.
Between dominate G7 voting rights, and historical European leadership, is the IMF overly weighted towards Western interests?
Questions about a post-Strauss Kahn IMF will no doubt be unwelcome, but the dire state of play in Europe, not to mention the dreary U.S. landscape, present compelling, alternative story lines.
The newly appointed IMF leader Christine Lagarde is expected to help pull Europe away from an economic cliff. What should she do?
Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
Senior BNP Paribas executives are to tour the Middle East in coming days in an attempt to raise fresh capital and shore up confidence in France’s biggest bank. The FT reports.
The IMF has been credited with alleviating past financial crises - but has the IGO been helpful this time around?
Members of the euro zone are suffering from a severe bout of buyers’ remorse. Many would like to disassemble the kit they bought almost 20 years ago and put together in the late 1990s and 2000s. The FT reports.
The IMF has thus far played a supporting role to the European Union in tackling the sovereign debt crisis; some analysts say that needs to change—starting this week.
The International Monetary Fund (IMF) warned global economic recovery would be “weak and bumpy” and said the global economy was slowing on Tuesday, as it slashed its growth forecast to 4 percent for both 2011 and 2012.
China can do little in the short run to bail out the struggling U.S. and European economies, International Monetary Fund senior adviser Jorg Decressin told CNBC Tuesday. But that could change in four or five years.
Details behind the IMF's move to downgrade its U.S. economic outlook and with Jorg Decressin, IMF Research Department senior advisor
Is the global economy in a "dangerous new phase"? CNBC's Steve Liesman has the details on a lower forecast for global growth.
Raghavan Seetharaman, CEO, Doha Bank, wears a tuxedo to work every day and is on Squawk to discuss concerns over the Greek crisis. He says the larger interests in the EU have to come together politically and deal with the problem. He adds there's real opportunity in the emerging markets.
As his former colleagues at the International Monetary Fund gather this week, the scandal surrounding Dominique Strauss-Kahn will be a specter in the background.