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/ 18 April 2008

Food shortages ‘can topple governments’

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.

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/ 12 April 2008

IMF meets as world economy weakens

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.

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/ 26 February 2008

IMF: New subprime losses main risk to world growth

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.

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/ 7 December 2007

Report: IMF chief eyes major job cuts

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.