The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Zimbabwe will get no financial assistance from the International Monetary Fund until it moves ahead with sound policies and settles its outstanding debt, the IMF said Wednesday.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
Financial experts from 20 nations urged more regulation and oversight of fiscal institutions to help prevent another monetary crisis, as they laid the groundwork Saturday for next month's G20 Summit of world leaders.
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
The International Monetary Fund has announced it will send a fact-finding mission to poverty-stricken Zimbabwe next week to assess the nation's "economic situation and prospects."
With overall global economic growth slowing to a near standstill this year, 2009 will be the most challenging year for economies across the globe since World War II, according to an International Monetary Fund report released Wednesday.
The International Monetary Fund has raised its estimate of the amount of toxic assets that banks and financial institutions will have to dispose of or write down to $4 trillion.
World leaders agreed Thursday to tighter regulation of the global financial system and pledged more than $1 trillion to bolster lending by the International Monetary Fund to nations in need.
French President Nicolas Sarkozy is threatening to walk if there's no agreement on new and more stringent international financial regulation. German Chancellor Angela Merkel may throw a fit of her own if other countries keep insisting that the Germans have room for a bigger economic stimulus package. The Russians and Chinese want to get some control over the International Monetary Fund, and if there's one issue on which there is a wide consensus, it's that American corporate greed and negligent financial oversight is to blame for all the mess.
Zimbabwe will get no financial assistance from the International Monetary Fund until it moves ahead with sound policies and settles its outstanding debt, the IMF said Wednesday.
The global economic slowdown is so severe that the worldwide economy will contract for the first time in 60 years, the International Monetary Fund says.
Financial experts from 20 nations urged more regulation and oversight of fiscal institutions to help prevent another monetary crisis, as they laid the groundwork Saturday for next month's G20 Summit of world leaders.
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
The International Monetary Fund has announced it will send a fact-finding mission to poverty-stricken Zimbabwe next week to assess the nation's "economic situation and prospects."
With overall global economic growth slowing to a near standstill this year, 2009 will be the most challenging year for economies across the globe since World War II, according to an International Monetary Fund report released Wednesday.
A group of nearly two dozen world leaders on Saturday reached agreement on a wide-ranging set of proposals to better regulate financial markets. Their goal is over the next several months to put rules and early-detection systems in place to head off another financial crisis like the one currently damaging economies worldwide.
Pakistan has agreed to borrow $7.6 billion from the International Monetary Fund to avoid adding an economic crisis to its struggle against Islamic militants, an official said Saturday.
British Prime Minister Gordon Brown, on a tour of the Gulf, said he is seeking hundreds of billions of dollars to boost the International Monetary Fund's reserves
The executive board of the International Monetary Fund announced Saturday that although its director had "a serious error of judgment" in having an extramarital affair with an employee, he would stay on in his job.
Iceland is nearing a deal to borrow up to $2.1 billion from the International Monetary Fund to prop up its economy, the IMF and Icelandic Prime Minister Geir Haarde's office announced Friday.
Governments and central banks of the world's leading nations have taken unprecedented coordinated actions in the past month to help out battered financial markets and economies around the globe.
The International Monetary Fund on Wednesday issued a gloomy economic outlook for the United States and the Western Hemisphere, saying U.S. economic growth will be close to zero or even slightly negative for the rest of 2008 and the following few months.
World leaders, warning of a global economic downturn, pledged Saturday to work together to find solutions to what is unfolding as the worst financial crisis since the Great Depression.
The International Monetary Fund said on Saturday it saw no immediate risks of a financial crisis for Asian economies hit in recent months by a heavy influx of global capital.
China supports proposed changes to the International Monetary Fund' s voting rights system but they don' t go far enough to empower some developing regions, China' s finance minister said Thursday.
WASHINGTON -(Dow Jones)- The International Monetary Fund board on Friday praised Brazil for its economic policy and performance, saying the country's central bank has room for further steady easing of monetary policy.
Some of the billions in windfall profits going to overseas oil producers are coming back to the United States in the form of foreign investment, according to a published report.
The much-improved recent economic reports on the labor market and retail sales are fueling speculation that the Federal Reserve could alter its stance on keeping interest rates low, perhaps as early as this summer, according to two separate reports Monday.
A new report from the International Monetary Fund suggests deficit spending by the United States has supported global recovery over the past several years but warns that its adverse effects on long-term interest rates cannot be delayed for long.
Just two years ago, emerging economies were in heaps of trouble. The light at the end of the financial-crisis tunnel appeared to be a train barreling the other way. Doomsayers like Charles Wolf, an...
Around 1 P.M. on Monday, April 17, a woman with a foam evergreen tree on her head stood before a police barricade on Washington's Pennsylvania Avenue, picked up a bullhorn, and asked several hundre...
Whatever happens next, the Great Asian Slump is already one for the record books. Never in the course of economic events--not even in the early years of the Depression--has so large a part of the w...
For decades, the only thing anybody had to know about forest fires was that they were bad--and that Smokey the Bear wanted us to prevent them. Then naturalists began pointing out that the success o...
When American business talks about capitalism, it usually means free markets for everyone but itself. Thus, the Chamber of Commerce, the National Association of Manufacturers, and big exporters lik...
The superlatives are flying. Singapore Prime Minister Goh Chok Tong calls it "Asia's worst crisis since the Second World War." Others say it may pose the biggest threat to world economic and politi...
The prosperous Czech Republic faces an unusual problem: too much foreign capital. The central bank's reserves of Western currency rose from $3.8 billion to some $5.3 billion in this year's first ni...
Away from the glare of TV cameras that follow South Africa's Nelson Mandela, most of the 47 nations that make up sub-Saharan Africa are quietly jettisoning socialism in favor of economic liberaliza...
LAST MONTH'S 100-point drop in the Dow, triggered by disappointing news about the U.S. trade deficit, was a glint on the sword that hangs over the world financial system. In another month or so, Am...
Treasury Secretary James A. Baker III surprised the meeting of the International Monetary Fund with a single word: gold. He announced a willingness to consider a new economic indicator that would r...
Economists have a hard enough time deciphering the world economy without having to worry about money that just plain disappears. But in the past several years a black hole seemingly has swallowed h...
FOR MOST of the year Brazil's finance minister was one of the most popular men in the country. Dilson Funaro, 53, put together economic reforms that tamed inflation, which had risen to a 500% annua...
FOR MOST of the year Brazil's finance minister was one of the most popular men in the country. Dilson Funaro, 53, put together economic reforms that tamed inflation, which had risen to a 500% annua...
May 28: International Monetary Fund staff members arrive in Brazil to negotiate a loan package with the new government. June 1: Telephone customers start getting billed $1 a month for local access ...
EVIDENCE IS BUILDING that the international debt crisis is over. Gone is the nerve-jangling prospect that the world banking system might suddenly collapse as large Latin American countries proved u...
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