The International Monetary Fund on Thursday challenged Berlin's game plan for pulling the eurozone out of its crisis by advocating a series of short-term fixes that the German government has resisted.
Global leaders promised Tuesday to support economic growth and create jobs as the financial turmoil in Europe continues to undermine confidence around the world.
The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit reduction if these measures do not work.
An IMF delegation leaves Egypt without a deal on a $3.2 billion loan for the country. CNN's John Defterios has more.
European leaders said they believed the ?200bn increase in their fiscal rescue fund agreed on Friday would be enough to persuade non-eurozone countries that Europeans had "done our homework" and lead them to supplement eurozone efforts by building their own global firewall against contagion.
IMF head Christine Lagarde says no country will be safe from the eurozone crisis if action is not taken soon.
The International Monetary Fund lowered its outlook for the world economy on Tuesday, and warned that the global financial system faces growing risks from the debt crisis in Europe.
U.S. stocks were headed for a modestly higher open Wednesday, following reports that the International Monetary Fund may boost its bailout fund to contain Europe's debt crisis.
U.S. stocks advanced to six-month highs Wednesday as investors welcomed the International Monetary Fund plan to boost its bailout fund to contain Europe's debt crisis.
The International Monetary Fund said Wednesday that it plans to raise up to $500 billion in order to meet an estimated $1 trillion worth of financing needs over the coming years.
European finance ministers announced plans for euro area governments to funnel €150 billion into the International Monetary Fund, according to statement issued Monday following a lengthy conference call.
In the increasingly desperate search for the proverbial big "bazooka," European policy makers are now exploring ways for the International Monetary Fund to help contain the eurozone debt crisis.
European markets soared Monday, as investors shrugged off fears of economic uncertainty in favor of a dubious report that Italy could be receiving a massive bailout from the International Monetary Fund.
The International Monetary Fund approved a number of changes to streamline its emergency lending process and deal with the European debt crisis.
After two years of denial about the European periphery's solvency problem, European policymakers are finally, grudgingly, facing reality. They are recognizing that Greece is almost certain to default by year-end. And they have concluded that it is imperative to recapitalize Europe's banks and to erect an effective "firewall" around Spain and Italy to reassure markets that if Greece defaults, the crisis will be contained there.
The International Monetary Fund has lowered its global growth outlook, warning that "the global economy is in a dangerous new phase."
The debt crisis engulfing Europe poses a significant risk to the global economy and the European Union must take decisive action to stop the spread of contagion, the International Monetary Fund said Tuesday.
The International Monetary Fund said Monday that a downgrade of the U.S. government's credit rating would be "extremely damaging" for the global economy.
Christine Lagarde, the incoming head of the International Monetary Fund, will receive over $550,000 a year in total compensation, the organization said Tuesday.
The IMF is preparing to appoint a new chief to replace the embattled Dominique Strauss-Kahn.
The International Monetary Fund could name a new managing director as early as Tuesday, choosing between contenders French Finance Minister Christine Lagarde and Mexican Central Bank chief Agustin Carstens.
The International Monetary Fund on Friday lowered its forecast for U.S. economic growth, and warned that risks to the global recovery have increased.
Former IMF executive board member Domenico Lombardi discusses the race for the next IMF leader.
The head of Kazakhstan's central bank, told CNN Friday he is withdrawing his bid to head the International Monetary Fund.
Kazakhstan National Bank Governor Grigory Marchenko explains why he's decided not to run for IMF cheif.
CNN's Richard Quest explains who takes over the IMF now that Dominique Strauss-Kahn has resigned.
The United Kingdom will back French Finance Minister Christine Lagarde to become head of the International Monetary Fund, British Chancellor George Osborne said.
Martin Wolf of the Financial Times discusses who should be the next leader of the IMF.
The International Monetary Fund whittled the candidate pool for its top post Monday, saying it would consider just two contenders, French Finance Minister Christine Lagarde and Mexican Central Bank chief Agustin Carstens.
French Finance Minister Christine Lagarde just wrapped up two days in China, her latest stop on her world tour to woo emerging nations to support her candidacy for chief of the International Monetary Fund.
France's Christine Lagarde is in China seeking support for her bid to become IMF chief. CNN's Eunice Yoon reports.
The International Monetary Fund has tentatively agreed to lend $3 billion to Egypt to support the country's economy for the next year, the IMF announced Sunday.
French Finance Minister Christine Lagarde paid a visit to Brazil's capital Monday, making overtures toward developing nations to support her bid to become the first female president of the International Monetary Fund.
CNN's Richard Quest asks the governor of the Bank of Israel if he's in the running to be the next IMF head.
CNN's Nina dos Santos reports on the chatter inside the IMF following the resignation of its embattled director.
As the International Monetary Fund (IMF) prepares to replace its disgraced former managing director Dominique Strauss-Kahn, e-mails obtained exclusively by CNN offer a unique insight into the mood among staff.
The International Monetary Fund announced its search for a new managing director as its former chief, Dominique-Strauss-Kahn, is confined to a Lower Manhattan apartment following his release on bail from a Rikers Island jail.
CNN's Emily Reuben shows us who's getting what sort of odds from one UK bookmaker to become IMF chief.
The accusations on the alleged criminal behavior of the former International Monetary Fund (IMF) chief, Dominique Strauss-Kahn (DSK), are causing a great deal of public relations damage to an international institution that was already in serious need of an image overhaul.
Regardless of the facts of the latest infamous case -- the accusations of sexual assault leveled at former International Monetary Fund chief Dominique Strauss-Kahn -- the fact is that every so often, we are surprised that a mature (in years, at least) male does an antisocial sexual act.
As much of the world now knows, Dominique Strauss-Kahn is the 62-year-old, now-former International Monetary Fund chief who was arrested Saturday after being accused of attacking a 32-year-old maid in a New York hotel, dragging her into his bathroom, attempting to pull off her pantyhose and forcing her to perform oral sex, according to New York City police and the Manhattan District Attorney.
The head of the powerful International Monetary Fund arrived Monday at New York's Rikers Island jail complex, dispatched there after a judge denied him bail for allegedly chasing and sexually assaulting a hotel employee.
The head of the IMF faces charges and is denied bail in an alleged case of sexaul assault. CNN's Richard Roth reports.
Dominique Strauss-Kahn is to be arraigned in New York. CNN's Susan Candiotti reports.
International Monetary Fund head Dominique Strauss-Kahn will plead not guilty to the charges against him, his attorneys William Taylor and Benjamin Brafman told CNN Sunday.
The chief of the International Monetary Fund is encouraging governments to focus on job creation and narrowing the gap between rich and poor.
The global recovery is moving at two speeds, with emerging countries like China still expanding rapidly as advanced economies like the United States grow at a snail's pace.
The International Monetary Fund said Thursday that Japan has the financial means to get through this disaster and get on the road to reconstruction and growth.
The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.
Growing economic imbalances on a global scale and greater income inequality could fuel the next crisis, the head of the International Monetary Fund warned Tuesday.
Officials at the Group of 20 nations summit in South Korea have agreed on substantial changes for the International Monetary Fund, according to IMF Managing Director, Dominique Strauss-Kahn. If approved, the historic reforms would give developing nations a stronger voice within the institution.
Officials at the Group of 20 nations summit in South Korea have agreed on substantial changes for the International Monetary Fund, according to IMF Managing Director, Dominique Strauss-Kahn. If approved, the historic reforms would give developing nations a stronger voice within the institution.
The European economy is expected to grow at a slow pace next year as the region continues to struggle with huge public deficits and the lingering effects of the financial crisis.
The International Monetary Fund said a double dip recession is unlikely, but it expects growth in developed economies to be outpaced by emerging powerhouses.
International Monetary Fund officials will meet with members of the Pakistani government in Washington next week to discuss the economic impact of the massive floods that have ravaged the country.
The recovery in the U.S. economy has been stronger than expected, although growth is expected to slow over the next few years, according to the International Monetary Fund.
The global economy grew at a stronger-than-expected pace in the first six months of the year, but the risks to recovery have greatly increased, according to the International Monetary Fund.
IMF Chief Economist Olivier Blanchard talks to CNN's Andrew Stevens about the state of the global economy.
The European economy will continue its tenuous recovery this year and next, but European Union policymakers need to address some long-standing problems to ensure fiscal discipline going forward, the International Monetary Fund said Tuesday.
The International Monetary Fund on Sunday approved a 30 billion euro ($38.6 billion) loan for Greece as part of a larger European Union-led effort to help ease the country's economic crisis.
CNN's Richard Quest explains Greece's junk bond status and compares its credit ratings to other countries.
Financial markets were in turmoil on Wednesday amid fears that more countries could be sucked into Greece's mounting debt crisis. European indexes followed those in Asia into the red after Standard & Poor downgraded Greece's debt rating to junk status and Portugal's rating also dropped two notches.
The leaders of Brazil, Russia, India and China called for the hastening of reform that would give these emerging economies more power in the International Monetary Fund and the World Bank.
U.S. stocks were headed for a lower open Thursday, as investors reacted to a disappointing job market report.
The dollar fell broadly Monday, with the euro climbing above $1.50, after a report from the International Monetary Fund suggested the U.S. currency could fall further.
Gold pared gains Wednesday after hitting an all time high, but still settled at record levels after the Federal Reserve's latest policy statement came in as expected.
Gold prices surged to a record high Tuesday after the International Monetary Fund said it had sold 200 metric tons of the precious metal to India's central bank.
Police clashed with protesters for a second day outside a meeting of the International Monetary Fund and World Bank, CNN's sister network, CNN Turk, reported Wednesday.
CNN's Ivan Watson attempts to report from Istanbul, Turkey, on IMF and World Bank protests amid tear gas.
Police used pepper gas and water cannons to disperse crowds of demonstrators who took to the streets Tuesday to protest a meeting of the International Monetary Fund and the World Bank.
A protester threw a shoe at the IMF director at the end of a question-and-answer session Thursday at a university in Istanbul.
Banks round the world have still to reveal about half of their likely losses resulting from the financial and economic crisis, the International Monetary Fund said on Wednesday, warning that there was still a "significant" risk of another downward lurch in the global recession.
The International Monetary Fund's executive board has approved the sale of up to one-eighth of its gold holdings -- about 403.3 metric tons -- with proceeds going toward a new income model and financing for low-income nations.
World economy -- better luck next year.
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.
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.
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 world's stock markets moved into positive territory Wednesday despite an International Monetary Fund report which said the global economy was heading for its worst year since World War II.
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 approved a $7.6 billion loan to Pakistan to help the South Asian country of 170 million people avoid an economic collapse.
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.
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
Ukraine's parliament on Wednesday gave initial approval to legislation crucial for receiving an emergency loan from the International Monetary Fund, as forecasts of the country's financial crisis grew gloomier.
Hopes that robust growth in emerging markets would counteract the financial meltdown appear to be dashed as the contagion chokes their economies
In clearing Strauss-Kahn of violating any ethics code, the Executive Board made its disdain of his adulterous behavior clear
ASEM Summit
updated: Sun Oct 26 2008 02:40:00
Asian and European leaders are meeting to find solutions to the economic crisis. CNN's John Vause reports.
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.
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.
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.
French managing director Dominique Strauss-Kahn is under investigation for possible abuse of power
European countries acted quickly Monday to shore up troubled banks by promising billions of euros in loan guarantees and capital investment.
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.
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