No image available
/ 17 November 2009
The imperative of greater global currency stability means the world can no longer rely on a currency issued by a single country, the IMF head said.
The worst of the economic crisis is not over but there are signs that the world has started to crawl out of recession, the IMF chief said on Monday.
No image available
/ 19 February 2009
The world economy will go through a rough patch this year and governments and central banks must revisit the way they operate, the IMF says.
No image available
/ 22 December 2008
Governments’ lack of fiscal stimulus to tackle the global slowdown may make a bad 2009 even worse, said the IMF chief in a recent interview.
No image available
/ 30 October 2008
The IMF has approved a short-term financing facility for emerging-market economies that have a good economic track record.
No image available
/ 26 October 2008
The International Monetary Fund’s board on Saturday cleared managing director Dominique Strauss-Kahn of harassment, favoritism and abuse of power.
No image available
/ 18 October 2008
The IMF is investigating its boss, Dominique Strauss-Kahn, to see whether he abused his position in connection with a sexual relationship.
No image available
/ 16 September 2008
A power-sharing agreement between Zimbabwe’s main political rivals is unlikely to bring immediate economic relief to millions of Zimbabweans.
No image available
/ 15 September 2008
Zimbabwe’s new government will have six executive posts headed by President Robert Mugabe and prime minister Morgan Tsvangirai.
No image available
/ 15 September 2008
Fallout from the global financial crisis is not over and more consolidation could occur in the financial sector, the IMF said on Monday.
African governments trying to help their populations cope with rising food prices should target measures to help poor families and avoid waste.
The world economy remains stuck ”between the ice of recession and the fire of inflation”, IMF managing director Dominique Strauss-Kahn said on Friday.
The head of the International Monetary Fund (IMF) warned on Friday that soaring world food prices can have dire consequences, such as toppling governments and even triggering wars. Dominique Strauss-Kahn said that the price hikes that have set off rioting in Haiti, Egypt and elsewhere are an ”extremely serious” problem.
A doubling of food prices over the past three years could push 100-million people in poorer developing countries further into poverty and governments must step in to tackle the issue, World Bank president Robert Zoellick said on Sunday at the end of the World Bank spring meeting in Washington, DC.
The International Monetary Fund (IMF) holds its spring meeting in Washington, DC, on Saturday amid what officials describe as the worst financial crisis since the 1930s Depression and as the global economy weakens. The 185-member IMF warned on Wednesday that the economic outlook was increasingly grim.
The head of the International Monetary Fund (IMF) gave a gloomy report on Saturday on prospects for the world economy to a dozen leaders debating how to respond to global financial turmoil. Dominique Strauss-Kahn told a high-powered forum that most of the downside risks to the world economy feared six months ago had now become reality.
No image available
/ 26 February 2008
World economic growth could miss the International Monetary Fund’s (IMF) forecast of 4,1% this year if United States and European banks disclose more major losses on the subprime market, the head of the IMF said on Monday. Dominique Strauss-Kahn warned that emerging economies would not escape the effects of the slowdown in rich countries.
No image available
/ 25 February 2008
Rapid economic growth rates in Africa are at risk from a global downturn, the head of the International Monetary Fund (IMF) told West African leaders on Monday. The IMF has cut its 2008 global growth projection to 4,1%, down from 4,9% last year, blaming the weak outlook in the United States and Europe.
Trade in Kenya’s foreign exchange and stock markets was slow and volumes thin on Friday, as fears of more post-election violence kept many dealers at home. ”There’s not much activity. Most players are out,” said Bank of Africa forex dealer Robert Gatobu. ”It’s a wait-and-see attitude with players waiting for the political climate to calm down.”
No image available
/ 7 December 2007
The new head of the International Monetary Fund (IMF) plans to slash as much as 15% of the organisation’s staff in its first significant job cuts, the Wall Street Journal reported on Friday. Dominique Strauss-Kahn’s plans are aimed at reducing deficits and maintaining the relevance of the group.
No image available
/ 14 October 2007
The new heads at the World Bank and the International Monetary Fund (IMF) face the tough task of restoring credibility to the powerful financial bodies that hold an annual summit this month, analysts say. Negotiations are under way to reform the distribution of votes among the IMF’s 185 members.
No image available
/ 30 September 2007
The new head of the International Monetary Fund (IMF) will ”have his work cut out” due to the global credit crunch, one of his predecessors said on Saturday. Dominique Strauss-Kahn, a former French finance minister, was named head of the IMF on Friday.