Wednesday, April 7, 2010 as of 11:14 AM ET
The International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.
Read More at Wikipedia ›The International Monetary Fund's top official has expressed regrets for comments about Greeks' suffering during their debt crisis.
Managing Director Christine Lagarde told Britain's The Guardian last week she has more sympathy for poor African children than for Greeks who are struggling through economic problems and austerity measures. She suggested that Greeks could make things better if more people paid their taxes."''I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education," she said in the interviewIMF spokesman Gerry Rice said Thursday that Lagarde told the IMF board this week that "she regrets that her remarks were misunderstood and caused offense."He added that Lagarde and the IMF have "great respect for Greece and the people and the sacrifices that many are making to overcome the economic crisis."Greece's economy is being kept afloat on internationa...Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a ...
Rival Irish leaders traded insults and accused each other of lying to the public on Tuesday as a high-stakes vote on the European Union's fiscal treaty neared.Both s...
French prosecutor has opened a preliminary investigation into allegations of rape in a Washington hotel by former IMF chief and one-time French presidential hopeful ...
The International Monetary Fund has issued a tough assessment of U.K. economic policy, urging the coalition government and Bank of England to do more to boost demand...
An International Monetary Fund official on Wednesday said the eurozone's third-largest economy is "on the right track" and has made notable progress in the six month...
Dominique Strauss-Kahn is suing the hotel housekeeper who accused him of sexually assaulting her, saying she seriously damaged his reputation with what he calls a bo...
Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which analysts say could hel...
Inside one of Honduras' most dangerous and overcrowded prisons, inmates operate a free-market bazaar, selling everything from iPhones to prostitutes.It's more like a...
A majority of voters plan to say "yes" next week to the European Union fiscal treaty, a new poll suggested Saturday, but the prime minister warned pro-treaty voters ...
Yuri Leshchinsky spent more than a decade transforming an ailing Soviet-era factory into a leading candy maker. When a board meeting drew him to the plant from his N...
European Union leaders concluded their latest summit with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Gree...
If Greece leaves the euro, the U.S. economy could easily slip into recession. That cost is worth bearing, however, given the long term consequences of Europe struggl...
Saying yes could mean dooming Ireland to more long, hard years of austerity. But saying no could mean national bankruptcy next year.Ireland's debt-burdened voters co...
The European Union urged Spain on Thursday to come clean on how it plans to finance the overhaul of its banking sector, warning that uncertainty over this has contri...
The head of Greece's Radical Left Coalition, whose strong gains in last month's elections deepened concerns over his country's future in the European single currency...
Italian Premier Mario Monti urged his European partners on Thursday to speed up measures to limit contagion from the crippling debt crisis and to stimulate economic ...
The International Monetary fund has told Ukraine it must raise gas and heating prices for households if it is to regain access to a $15.6 bailout loan from the fund....
International Monetary Fund chief Christine Lagarde says she has more sympathy for poor African children than Greeks suffering under the country's economic problems ...
A French appeals court has partially lifted a ban that prevented former International Monetary Fund chief Dominique Strauss-Kahn from talking to the media about an i...
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