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International Monetary Fund

Paul Krugman Angers Austria's Bankers, Politicians by Stating the Obvious

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Nobel laureate Paul Krugman stirred the ire and indignation of Austria's political and financial establishment by merely stating the obvious. No European state is in as precarious a state as Austria.

Geithner To Host G-7, G-20 Meetings

Reuters | Posted 05.25.2011 | World

U.S. efforts to stimulate the economy with infrastructure projects are "ahead of schedule and under budget," President Barack Obama said on Monday, as...

IMF Nightmare Forecast: Economic Crisis Creates $4 Trillion In Toxic Assets

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

If there are any doubts remaining as to the severity of the global economic crisis, this most current estimate of the rot eating away at the global financial architecture should set them aside.

It's the Global Economy (Stupid) -- or Is It?

Mark Weisbrot | Posted 05.25.2011 | World
Mark Weisbrot

The contemporary idea of the "global economy" is based on a misapplied analogy to the historical development of national economies.

Viagra Diplomacy

John Feffer | Posted 05.25.2011 | World
John Feffer

NATO and the IMF should just retire gracefully and let a new generation of institutions take their place.

IMF Urges Eastern Europe To Adopt Euro Without Joining Eurozone

Financial Times | Posted 05.25.2011 | World

Crisis-hit European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally ...

G-20 Commits To Funneling Billions To Poor, Struggling States

allAfrica | Posted 05.25.2011 | World

The leaders of the world's 20 biggest economies, recognizing that the global financial crisis has "a disproportionate impact" on vulnerable people in ...

Medvedev: 'Super Currency' Should Replace Dollar

New York Times | Posted 05.25.2011 | World

So much for that fresh start. Barely 24 hours after announcing that Russia and the United States would cooperate on a host of long-simmering issues, ...

Geithner "Open" To China 'Super Currency' Proposal

Politico | Posted 05.25.2011 | Politics

Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, wh...

Romania Becomes Third Eastern EU Country To Be Bailed Out

The Guardian | David Gow | Posted 05.25.2011 | World

The European Union, IMF and World Bank today bailed out Romania with a €20bn (£18.5bn) loan in return for severe cuts in public spending and wages....

Anti-Dollar Contagion Gains Pace

Michael J. Panzner | Posted 05.25.2011 | Business
Michael J. Panzner

As was the case with the now hobbled U.S. banking system, the dollar's fortunes have long depended on the confidence of others.

Ryan Grim

U.S. Injecting Billions Into Foreign Central Banks | Ryan Grim | Posted 05.25.2011 | Politics

For more than a year, the U.S. Federal Reserve System has been increasingly acting as the world's central bank, injecting hundreds of billions of doll...

Poor Countries Hit By Second Wave Of Economic Downturn

The Economist | Posted 05.25.2011 | World

"POOR countries are innocent," says Ngozi Okonjo-Iweala, the Nigerian managing director of the World Bank. They did not contribute one jot to the glob...

World's Poor Left To Fend For Themselves As Rich Nations Cope With Budget Pressures

Al Jazeera English | Posted 05.25.2011 | World

Developing countries may face a financing gap of $270bn to $700bn this year as trade income dwindles and rich nations vie for capital to deal with a g...

Iceland's Crisis: What Went Wrong?

Vanity Fair | Michael Lewis | Posted 05.25.2011 | World

Just after October 6, 2008, when Iceland effectively went bust, I spoke to a man at the International Monetary Fund who had been flown in to Reykjaví...

Why Obama Must Drop Daschle

Andy Ostroy | Posted 05.25.2011 | Politics
Andy Ostroy

Let's face it, there's plenty of folks who can fill Daschle's post. He's an extraneous piece of the Obama puzzle.

IMF Confident It Will Remain Funded Through Recession

Financial Times | Chris Giles | Posted 05.25.2011 | Business

The International Monetary Fund expressed confidence on Friday that its members will ensure the Fund remains adequately funded and able to support any...

UK Will Be Hardest Hit By Global Recession: IMF

The Independent | Posted 05.25.2011 | World

World economists predicted today that the UK would be hit harder than any other developed nation by the worst recession in more than 60 years. The In...

Lebanon's Economy Thriving Thanks to Arab Neighbors and Conservative Capitalism

Ahmed Shihab-Eldin | Posted 05.25.2011 | World
Ahmed Shihab-Eldin

As the rest of the world braces for a global economic dive, thousands of visitors flood into Beirut. The streets are crowded, shops are bustling and political chatter takes an unusual backseat to celebration.

IMF Creates $100 Billion Fund To Aid Crisis Fight

Wall Street Journal | BOB DAVIS, MARCUS WALKER and JOHN LYONS | Posted 05.25.2011 | Business

The International Monetary Fund will offer as much as $100 billion in a new kind of loan to countries that are battered by the financial crisis, makin...

IMF Could Run Out Of Firepower

Financial Times | Alan Beattie | Posted 05.25.2011 | Business

With its $2bn (£1.3bn, €1.6bn) rescue loan to Iceland and $16.5bn to Ukraine, the International Monetary Fund has started to dip into an arsenal th...

World Needs Global Financial and Securities Bodies

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The world economy nearly failed and a global effort by governments and central banks has pulled the system back from the proverbial brink. That's why only a global solution going forward will save the day.

IMF Comes To The Rescue Of Iceland, Pakistan

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Business

Iceland, whose economy has been crippled by the credit crisis, will unveil an IMF-led rescue package: The IMF is expected to contribute just over $1b...

IMF: Global Financial System On The "Brink Of Systematic Meltdown"

Reuters | Lesley Wroughton and Francois Murphy | Posted 05.25.2011 | Business

The IMF warned on Saturday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European cr...

Behind Wall Street's Collapse

Walden Bello | Posted 05.25.2011 | Business
Walden Bello

In a nutshell, the Wall Street meltdown is not only due to greed and to the lack of government regulation of a hyperactive sector.