International Organizations IMF

  • German Chancellor Angela Merkel

    Germany's parliament has approved reforms to the European Financial Stability Facility (EFSF) that would allow the fund to participate in the primary market and to recapitalize European banks in a much-anticipated vote in the Bundestag.

  • European Central Bank

    Stocks have rallied in recent days on hopes that European Union leaders and policy-makers are close to an agreement that would significantly increase the firepower of the European Financial Stability Fund (EFSF)-- essentially the euro zone's rescue fund for troubled member states -- so that it can help deal with the zone's long-simmering debt crisis.

  • Market Meltdown

    Investors worldwide are taking fright at significant downside risks they perceive on both sides of the Atlantic, aided and abetted by what they deem to be ineffectual and directionless policy-making from Western governments.

  • EU building flags brussels

    The European bailout fund—known in official parlance as the European Financial Stability Facility, or EFSF—should be used to guarantee the first hit of losses on vulnerable European government bonds, a financial commentator told CNBC Tuesday.

  • European Central Bank

    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.

  • EU building flags brussels

    The latest proposal aimed at amping up the European bailout found has "Made in Washington" stamped all over it, according to one economist.

  • What's Next?

    The price movements that have emerged over the past two months in gold (and silver) prices have proved fascinating, writes Simon Derrick, head of currency research at Bank of New York Mellon.

  • euro_drowning_200.jpg

    After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.

  • Vladamir Putin

    Senior Russian government figures have rebelled against a deal between President Dmitry Medvedev and Vladimir Putin, the prime minister, to switch jobs next year. The FT reports.

  • imf_meeting_2011_3_200.jpg

    European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from potentially upsetting the world economy.

  • IMF_meeting_200.jpg

    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.

  • George Soros

    Europe lacks the same mechanisms that the US had to deal with its financial crisis three years ago, making the dangers even greater, billionaire investor and activist George Soros said.

  • nternational Monetary Fund's Managing Director Christine Lagarde speaks at the Annual Meetings

    Those looking for answers from this week's World Bank/IMF conference were presented only with more questions and vague reassurances that global policy leaders are acutely aware of the problems and prepared to act.

  • German Chancellor Angela Merkel

    The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.

  • greece_church_flag_200.jpg

    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.

  • greece_flag_200.jpg

    If Greece is certain to default—and many in the global financial community suspect it is—then Antonio Borges didn’t get the memo.

  • World Bank Group President Robert Zoellick speaks during a press conference at the International Monetary Fund (IMF) Headquarters.

    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 (IMF) headquarters building is seen in Washington, DC.

    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.

  • Zhu Min, deputy managing director of the International Monetary Fund (IMF), speaks during a panel discussion at the World Economic Forum (WEF) Annual Meeting of the New Champions in Dalian, China.

    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.

  • International Monetary Fund Director Christine Lagarde

    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.