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.
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.
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.
The IMF has approved a short-term financing facility for emerging-market economies that have a good economic track record.
The International Monetary Fund’s board on Saturday cleared managing director Dominique Strauss-Kahn of harassment, favoritism and abuse of power.
The IMF is investigating its boss, Dominique Strauss-Kahn, to see whether he abused his position in connection with a sexual relationship.
A power-sharing agreement between Zimbabwe’s main political rivals is unlikely to bring immediate economic relief to millions of Zimbabweans.
Zimbabwe’s new government will have six executive posts headed by President Robert Mugabe and prime minister Morgan Tsvangirai.
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…
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…
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…
