International Monetary Fund (IMF)
DSK’s future will ultimately be decided in France, not New York
Speculation that the case against the former IMF managing director Dominique Strauss-Kahn may collapse has reignited the debate of a return to French politics
Greece austerity measures pass vote
Greece averts default as parliament passes €28 billion austerity bill; government set to receive €12 billion lifeline from EU and IMF
Lagarde takes on top IMF role at challenging time
IMF selects Christine Lagarde as managing director; she takes the helm as Fund criticises US
Inflation targeting reduced severity of crisis in Turkey: Fund paper
Fund study shows adoption of inflation targeting and flexible exchange rate regime reduced impact of financial crisis in Turkey
Luck factors in post-conflict recoveries: IMF paper
Fund study says luck plays a significant role in post-conflict recoveries of sub-Saharan African countries
RBI’s Subbarao says capital flows are advisable
Reserve Bank of India governor Duvvuri Subbarao distinguishes between strategic and tactical capital controls
Lagarde ready to get tough on Greece
Says she “will not shrink from the necessary candor and toughness” in discussions with European leaders
IMF's Lipsky urges European cooperation
IMF acting managing director John Lipsky says greater cooperation in Europe will be key to post-crisis recovery
Unconventional policies warrant inclusion in central banks' toolkits: IMF paper
Fund study says unconventional balance sheet policies in some cases warrant inclusion in central banks' toolkits
Fitch upgrades Colombia and Philippines
Fitch upgrades Colombia and Philippines one notch each as emerging markets bolster public finances; outlook reflects solid macroeconomic policies and strong public finances
Carstens laments four fundamental weaknesses at IMF
IMF releases Agustín Carstens’ statement to the executive board following interview; describes four fundamental weaknesses he wants to address
IMF urges further Spanish reforms
IMF mission to Spain says authorities have implemented strong fiscal and structural reforms to aid recovery, but plans need to be strengthened
IMF warns European contagion is resurfacing
IMF Global Financial Stability Report highlights growing concern over debt sustainability of European periphery countries; advanced economy downward growth revision signals two-speed recovery
Carstens and Lagarde in Washington for interviews
Interviews happening this week; decision still on course for June 30
IMF paper identifies risk of low reserve adequacy in Central America
Fund study shows Central American countries are vulnerable from low international reserve accumulation
Euro finance ministers delay Greece deal
Eurogroup says second tranche for Greece will be delayed until at least early July as European finance ministers flesh out new deal for sovereign
ESM will wrap up restructuring dispute: IMF
IMF says completion of European Stability Mechanism will end unproductive debate on restructuring debt of peripheral countries
Trichet says euro is ‘stable and credible’
Trichet offers reassurance on credibility of the euro; says global imbalances are a concern, but euro area does not contribute to them
IMF paper highlights procyclicality of government spending
Fund study finds evidence of procyclicality in government spending in commodity-exporting countries
IMF paper on protectionist responses to the crisis
Research finds measures resulted in $30-35 billion decline
IMF managing director saga continues
IMF rebukes New York Times for article on Fischer; Strauss-Kahn’s immunity pleas revealed; candidates continue battle for international support
IMF paper on GCC equity market spillovers
Fund study says Gulf Cooperation Council equity markets were exposed to US and regional losses during crisis
IMF disqualifies Fischer
IMF tells Stanley Fischer he cannot run for the role of managing director because of age; Fischer “proud and happy” to remain in role at Bank of Israel
Fischer joins IMF race
Governor of the Bank of Israel announces candidacy to become IMF managing director; calls chance to run an “extraordinary and unplanned opportunity”