Greece is set to receive a commitment from euro-region authorities as soon as next week for a payment of 8.3 billion euros ($11.4 billion) in the next step in the country’s aid program, three officials familiar with the negotiations said.
A New York-based advocacy group that has pressured companies and organizations to halt business with Iran because of its disputed nuclear program is urging the International Monetary Fund to close its account at Iran’s central bank and suspend Iran as a member.
The International Monetary Fund today postponed consideration of a proposed 22.5 billion euro loan to Ireland ($30 billion) until after the Irish government’s debate on the rescue package, IMF spokesman William Murray said in a statement today.
The International Monetary Fund decided not to file a brief supporting Argentina in a legal battle over the nation’s defaulted debt because such a move may have breached a duty of neutrality the fund has to its members, an IMF spokesman said.
International Monetary Fund chief Dominique Strauss-Kahn awaits his first court appearance on attempted rape charges after giving police permission to examine him for physical evidence of scratches and DNA from his accuser.
Nations should be able to use capital controls as a last resort to manage inflows of money that threaten their financial stability, according to draft guidelines discussed last week by the board of the International Monetary Fund.
The International Monetary Fund turned to John Lipsky when it was ordered to develop an early- warning system to prevent a repeat of the 2008 financial meltdown. Now, the IMF is calling on him to guide it through its own crisis.