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The Decline of the Middle Class is Causing Economic Damage

Larry Summers: The decline of the middle class is causing even more economic damage than we realized: I have just come across an International Monetary Fund working paper on income polarization in the United States that makes an important contribution...

I.M.F. Chief Lagarde Calls Trade Restrictions ‘Economic Malpractice’

The International Monetary Fund leader, Christine Lagarde, said in a speech that an increase in protectionist trade measures would hurt American workers.

Liveblogging Postwar: September 25, 1946: By-Laws of the IMF

_[By-Laws Rules and Regulations of the International Monetary Fund][]_: >A--SCOPE OF RULES AND REGULATIONS [By-Laws Rules and Regulations of the International Monetary Fund]: https://www.imf.org/external/pubs/ft/bl/rr01.htm >A-1.These Rules and Regulations supplement the Articles of Agreement and the By-Laws adopted by the Board of Governors. Show More Summary

KEN ROGOFF: I worry about China

Ken Rogoff, the former chief economist of the International Monetary Fund, said a Chinese economic slowdown is one of the biggest problems facing the world economy. Rogoff, now a professor at Harvard University, said "if you want to look at a part of the world that has a debt problem look at China. Show More Summary

IMF on Greece: calls for more pension cuts, greater debt relief in report

The International Monetary Fund called for Greece to cut pensions and taxes and for its lenders to provide significant debt relief in order for the country to make a convincing exit from the crisis....It argued that the pension system's...Show More Summary

Bakers Unite As Increasing Number Of Poor Greeks Can't Even Afford A Loaf Of Bread

Almost a year after Greece surrendered into the arms of the international lenders and the International Monetary Fund and the austerity cuts started to affect people’s lives. One Greek explains the dismal reality of everyday life for...Show More Summary

Writing China: The Limits of the Yuan’s Global Rise

On Oct. 1, the Chinese yuan will join the International Monetary Fund's basket of elite reserve currencies. In his new book, "Gaining Currency," Eswar Prasad, a former top China hand at the IMF, says China needs to carry out a broad range of reforms, both economic and political, before the yuan can become a truly global currency on par with the dollar.

Deutsche Bank’s Real-Time Stress Test

Deutsche Bank, already branded the world’s riskiest bank by the International Monetary Fund, is in more trouble than anybody thought. Yesterday, the Wall Street Journal and Bloomberg reported that the U.S. Justice Department wants to...Show More Summary

Major Uncertainties Rocking Currency Markets - U.S. Dollar, Sterling And The Euro

Punyaruk Baingern / Shutterstock.com Growing economic uncertainty has been the key theme in currency markets this year. The International Monetary Fund (IMF) warned at the start of the year of the mounting risk of derailment in global growth. Economies like those of the U.S., U.K. and Eurozone are facing significant changes [...]

IMF approves $1B loan to Ukraine after yearlong delay

The International Monetary Fund has approved a $1 billion loan disbursement for Ukraine, after a yearlong delay amid concerns about corruption and the slow pace of reforms in the war-scarred ex-Soviet nation. … Click to Continue »

IMF board approves $1 billion loan disbursement to Ukraine

WASHINGTON (Reuters) - The International Monetary Fund said its board approved a long-awaited loan disbursement of about $1 billion to Ukraine after a review of the country's bailout program.

IMF chief Lagarde to face trial after French court rejects her appeal regarding $440mn payout scandal

``France's highest appeals court has rejected an appeal from International Monetary Fund head Christine Lagarde, meaning she will stand trial for her role in a €400 million ($440 million) payout case while she was French finance minister back in 2008... Show More Summary

Rift on debt is hurting Greece, warns Tsipras

Greek Prime Minister Alexis Tsipras warns of the impact of a rift between the IMF and the European Union regarding Athens’ debt. ||| Thessaloniki, Greece - A rift between the International Monetary Fund and the European Union over how...Show More Summary

The International Financial Coterie is Destroying Us

Below the dotted line is a recent email I sent to my son, other family, and a few friends. It has to do with the International Monetary Fund (IMF) and the International Financial Coterie (IFC), the latter not being an "official" designation...Show More Summary

Russia, China Building Yuan-Based Alliance Against Dollar

The yuan is nearing to become a true international currency. In October, the Chinese currency will be added by the International Monetary Fund (IMF) to its list of reserve financial instruments.

IMF Approves 36Mln Euro Disbursement for Albania

The Executive Board of the International Monetary Fund has approved the disbursement of some 36 million euro to Albania after completing a review of the country’s economic performance, the IMF said in a press release on Wednesday.

Kiev's Failure to Fight Corruption Keeps IMF From Dishing Out Dough

The International Monetary Fund's unwillingness to send a hefty tranche to Ukraine clearly indicates the West's dissatisfaction with Kiev's inability to contain corruption, according to Raiffeisen Bank International economics expert Andreas Schwabe.

Chancellor: Zero-coupon bonds are not a joke

On April Fools' 10 years ago Breakingviews suggested Washington fund itself with perpetual bonds paying no interest. The idea is now being seriously touted by some monetary policymakers. For households with cash and other assets that would evaporate, this is no laughing matter.

Yellen: "Case for an increase in the federal funds rate has strengthened"

From Fed Chair Janet Yellen: The Federal Reserve's Monetary Policy Toolkit: Past, Present, and Future. Excerpt: Looking ahead, the FOMC expects moderate growth in real gross domestic product (GDP), additional strengthening in the labor market, and inflation rising to 2 percent over the next few years. Show More Summary

Issues With E-Declaration System in Ukraine Pose Threat to IMF Tranche

The existing problems with the Ukrainian system of electronic declaration could threaten the disbursement of the next tranche of financial aid from the International Monetary Fund (IMF), Ukrainian Finance Minister Oleksandr Danyliuk said Monday.

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