No image available
/ 15 May 2008

IMF chief says worst of financial crisis is over

The worst of the financial-sector crisis is over, although the impact on the broader economy will likely drag on in coming months, International Monetary Fund (IMF) managing director Dominique Strauss-Kahn said on Thursday. "There are good reasons to believe that the largest part of disclosure in financial institutions has been done," he said.

No image available
/ 22 January 2008

World markets plunge as recession fears grow

Stocks plummeted across the world on Monday amid fears of a global recession, with markets in Europe suffering their biggest one-day losses since the September 11 attacks on the United States. Dealers said a major new plan by President George Bush to prevent a United States recession was not enough to offset the stream of bad news from banks.

No image available
/ 22 October 2007

IMF chief warns dollar may suffer ‘abrupt fall’

The head of the International Monetary Fund (IMF), Rodrigo Rato, warned on Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato told the IMF board of governors.

No image available
/ 8 October 2007

IMF: Credit crisis not over yet

The global credit squeeze is a "serious crisis" that is not over yet and will have an impact on government budgets, International Monetary Fund (IMF) outgoing head Rodrigo Rato said in an interview published on Monday. IMF managing director Rato said: "Policymakers should not think that the problems will stay at the desk of the bankers."