IMF news stories on Newser

Malawi Slashes Currency By a Third

Mon, 07 May 2012 11:25:26 CDT

The official rate of Malawi's currency has been cut by a third as the impoverished southern African nation seeks to repair ties with the International Monetary Fund, the country's central banker said today. The move is just one in a series of steps President Joyce Banda's government has taken that...

France's Woman of Year: DSK Wife

Rob Quinn — Tue, 20 Dec 2011 05:41:32 CST

Standing by her man has made Anne Sinclair a very popular woman in France. Dominique Strauss-Kahn's wife has been named as woman of the year by a French women's magazine after topping an opinion poll, the New York Post reports. With 25%, Sinclair came out ahead of Christine Lagarde, Strauss-Kahn's...

Greece to Fire 30K Workers

Neal Colgrass — Sun, 02 Oct 2011 15:35:05 CDT

The Greek economic tragedy took another hair-raising turn today, Reuters reports. Enacting an austerity plan to attract EU and IMF loans, politicians there announced a new plan to place 30,000 workers in a "labor reserve" where they will earn partial pay and be laid off in a year. "The...

IMF May Need Billions More

Mark Russell — Mon, 26 Sep 2011 04:09:00 CDT

The International Monetary Fund needs to expand its $400 billion war chest to more effectively fight the latest round of euro zone crises, which could demand some $2.6 trillion to solve, reports the Telegraph . “The fund’s credibility, and effectiveness, rests on its perceived capacity to cope with worst-case scenarios,...

Strauss-Kahn Cheered on Return to IMF

Rob Quinn — Tue, 30 Aug 2011 00:52:18 CDT

Dominique Strauss-Kahn received a warm welcome during his farewell visit to International Monetary Fund headquarters in Washington, DC, yesterday. Hundreds of staffers packed into an auditorium to hear the former IMF chief speak, Reuters reports. "He is very much appreciated in the institution," Brazil's representative on the IMF's 24-member executive...

'Act Now' Urges IMF Head, Warning of Recession Risks

Mark Russell — Mon, 29 Aug 2011 02:00:00 CDT

IMF head Christine Lagarde warned that the world economic recovery is in danger, and called for additional spending to support growth, at a conference for business and economic leaders in Jackson Hole on Saturday, reports Reuters . "The stakes are clear; we risk seeing the fragile recovery derailed. So we must...

New IMF Head: US Needs Debt Deal 'Immediately'

Kevin Spak — Tue, 26 Jul 2011 11:28:05 CDT

Newly crowned IMF queen Christine Lagarde called for “bold fiscal action” to end the US debt ceiling crisis today, though she warned that drastic spending cuts could lead to a jobless recovery. “I’m hopeful that the political courage shown by European leaders will soon be followed” by the US, she...

Paris Prosecutors Probe DSK Rape Accusation

Fri, 08 Jul 2011 11:28:21 CDT

The Paris prosecutor's office said today it has opened a preliminary investigation into accusations by a French writer that Dominique Strauss-Kahn tried to rape her. Novelist and journalist Tristane Banon filed a criminal complaint this week saying that Strauss-Kahn attacked her in an empty apartment in 2003 during an interview...

Here's the Letter From Prosecutors in DSK Case

John Johnson — Fri, 01 Jul 2011 17:39:59 CDT

The Toronto Globe and Mail has the full letter that prosecutors in the Dominique Strass-Kahn case wrote to defense lawyers raising doubts about the maid's credibility. Among other things, it details lies she admits telling in her 2004 asylum application to improve her chances of being accepted, including a story...