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Senegal's president said Tuesday that he hosted a special dinner at his palace for a departing International Monetary Fund representative — only to have a top aide erroneously send him off with nearly $200,000 in cash as a goodbye gift.
The International Monetary Fund is facing key political crunch points in its dealings across Eastern Europe even though it has done much to lose its previous reputation as an advocate of austerity.
A key panel of the International Monetary Fund said Sunday that it supports giving more voting power to emerging market and developing countries, warning that the legitimacy of the institution was at stake.
The International Monetary Fund is considering how the world's banks can pay more to help insure the financial system from another crisis and possibly assist poorer countries in the battle against climate change.
The International Monetary Fund approved on Friday the sale of a limited amount of its gold to help provide loans to poor countries and shore up its finances.
The global economic crisis isn't over yet, despite positive signals from Europe's biggest economies, the head of the International Monetary Fund warned in comments published Saturday.
China has agreed to buy $50 billion of the International Monetary Fund's first bond issue in a move that will help to strengthen the body's lending ability and diversify Beijing's foreign holdings.
A judge says he's shocked by how attorneys for the District of Columbia have handled evidence in lawsuits from hundreds of protesters arrested during a demonstration at the International Monetary Fund and World Bank.
The International Monetary Fund said Wednesday it will sharply increase funds it lends to low income countries to help them deal with the global financial crisis.
The International Monetary Fund has given final approval for a $2.6 billion loan for Sri Lanka despite calls from human rights groups that the island nation should first address concerns over its human rights record.
The International Monetary Fund is welcoming China's progress in letting the market determine the value of its currency, the yuan, but says some countries believe it remains "substantially undervalued."
The International Monetary Fund has raised its 2009 growth forecast for Asia's developing economies from 4.8 percent to 5.5 percent but cautioned that a sustained rebound will depend on recovery in developed economies.
The global economy is beginning a sluggish recovery from its worst recession since World War II, the International Monetary Fund said Wednesday.
Kosovo, a former province of Serbia, has become the 186th member of the International Monetary Fund and the World Bank.
Economic growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the International Monetary Fund said Sunday.
Most Asian economies face weak recoveries next year after contracting sharply this year, the International Monetary Fund said Wednesday, urging governments to boost spending to offset faltering global demand.
Not long ago the International Monetary Fund seemed headed for relic status. Now it's once more flying high, rolling out ambitious plans to blanket an economically distressed world in dollars. Even grander designs are on the drawing board.
Losses at financial institutions could approach $4.1 trillion worldwide, the International Monetary Fund said Tuesday as it urged countries to take bolder action to bolster banks or risk an even deeper recession.
The global economic meltdown may be starting to wind down, and recovery could emerge in 2010 if countries act together and immediately adopt policies aimed at ending the recession, the head of the International Monetary Fund said Thursday.
Widely dismissed as a marginal player six months ago, the International Monetary Fund had become the world's economic firefighter with no blazes to put out. Today's global financial crisis has put the IMF back to work. In recent months, the IMF has lent more than $50 billion to shore up struggling, capital starved countries.
Norway on Saturday said it has offered to boost the International Monetary Fund with up to 30 billion Norwegian kroner ($4.6 billion) in a move to help struggling countries, such as neighboring Iceland and Latvia, pull through the financial crisis.
The world economy is expected to contract in 2009 for the first time in 60 years and governments should do more to counter the downturn, the International Monetary Fund said Thursday.
Two key lawmakers on Wednesday said they support Treasury Secretary Timothy Geithner's call to significantly increase funding for the International Monetary Fund.
The global economy will shrink this year as the world enters "a Great Recession," the head of the International Monetary Fund said Tuesday.
The world economy will essentially come to a halt this year as more than $2 trillion of bad assets clog the financial system, the International Monetary Fund said Wednesday.
George Soros: China Will Lead New World OrderBillionaire globalist George Soros told the Financial Times during an interview that China will supplant the United States as the leader of the new world order and that America should not resist the country's decline as the dollar weakens, living standards drop, and a new globa …
Pakistan may seek $874m more from IMF ISLAMABAD: Finance Minister Shaukat Tarin has said that Pakistan may have to seek additional $874 million from the IMF in case the grant under the Kerry-Lugar Bill is jeopardised.
Pakistan's 'democracy dividend' bears fruit Pakistan's 'democracy dividend' bears fruit By M Ilyas Khan BBC News, Islamabad
America's Teacher:A conversation with Michael Moore about "Capitalism:A Love StoryNaomi Kein: Well, I want to push you a little bit on this, because I understand what you're saying about the way he's (Obama) lived his life and certainly the character he appears to have.
US Plans Will Lead To A Pakistani Civil WarA pro-US fifth column inside Pakistan is now talking about southern Punjab as the hub of Al-Qaeda just as it earlier pointed to Balochistan in the same manner.
Fund to undermine economic sovereigntyFund to undermine economic sovereignty By: Afzal Bajwa | Published: September 26, 2009
The IMF: Raping The World, One Poor Nation at a TimeThe International Monetary Fund (IMF) has been described as one of the enforcers of globalization. Nations who receive IMF assistance are often forced to surrender more sovereignty and further open up their borders to international banks and multinational corporations.
International Monetary Fund to sell over 403 tons of goldThe International Monetary Fund said its executive board endorsed the sale of 403 tons of gold, worth an estimated 13 billion dollars, to boost its lending capacity to poor countries
Pakistan and the curse of imported leadersISLAMABAD (By Special Correspondent): A technocrat who had allegedly leaked Pakistan's top financial secret to the International Monetary Fund at a crucial time when the country was reeling to cope with the sanctions America and Europe had imposed after nuke tests in 1998 is no …
Only 3pc of required $58m received: UN ISLAMABAD: Many Pakistanis who have returned home after fleeing fighting between the army and the Taliban in the northwest say they cannot survive for more than two weeks without aid, the United Nations said on Thursday. Pakistan's role as a frontline US ally in the struggle a …
U.S. Leads World In Foreign Weapons Sales - Report - NYTimes.comCiting a congressional study released on Friday, the Times said the United States was involved in 68.4 percent of the global sales of arms. U.S.
IMF, EU leaders praise Pakistan's economic performanceWASHINGTON: Finance and Economic Affairs Adviser Shaukat Tareen met with top IMF leaders and ministers of major European powers here Saturday, who commended Pakistan's achievements in a short span of time and assured of their continued support for the country.
BBC NEWS | Zimbabwe receives boost from IMFThe International Monetary Fund is giving Zimbabwe $400m to boost its foreign currency reserves. However, a further $100m will be kept in a special account and Zimbabwe's government will not have access to it until it has cleared $1bn in debts.
One fourth of India hit by drought, growth projections in spinNew Delhi - Asiantribune.com: Drought is not official as yet in India. But that has not prevented the governments in Delhi and states to try to come to grips with the problem of crop failure and consequent low purchasing capacity in villages in at least 200 of the 600 districts.
Turnaround 'will not be simple' The world has begun to recover from recession but the process will not be simple, the International Monetary Fund (IMF) has warned.
Many speak of the Constitution these days but seldom do I hear any reference to the "the Declaration of Independence." Fearful of speaking out against the government I remembered something about abolishing tyranny that caused me to revisit the revolutionary posture of pre consti …
Global warming's got me thinking ...a call has been given by Al Gore that there should be an immediate moratorium on coal fired power plants. Look at how this will impact India. More than half of the 8,00,000 mega watts of power India plans to produce by 2030 are to come from coal fired plants.
Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of HeadsThousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles
G8 refuses to cut export subsidiesLeaders of five developing countries — India, China, Brazil, Mexico and South Africa — who also met for summit level talks here had separately, called for expediting a global trade agreement that would stimulate the world economy. But for this to happen, they wanted develo …
Global finance ignores world's poor - unemployment expected to reach 50 million, with most job loss in developing worldAs government officials from around the world descend on New York this week for a UN conference on the economic crisis and its impact on development, the main issue up for debate is how the poorest countries can influence the way the International Monetary Fund (IMF) and the Worl …
Chamber of Commerce Launches $100 Million Campaign to Protect Wall Street's Power at Our ExpenseThe CoC is the world's most powerful lobbying machine and it's working to make sure our money gets funneled to corporate execs.
Correa calls for new finance systemThe president of Ecuador has criticised capitalism for its role in the global financial crisis, in a speech to delegates attending a United Nations conference on the state of the world economy.
Global economy�s dialogue of the deaf- Opinion-The Economic TimesFirst, the frequency of meetings should be increased, especially in times of crisis, and the level of a few of these meetings enhanced.
Does the world still respect the U.S. dollar?TWO items of news caught my eye this week. One was that Italian police seized had 134bn worth of fake US Treasury bonds, thought to be part of a scam run by the Sicilian Mafia.
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