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.
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 announced a new code of conduct governing personal relationships between managers and staff three years after a probe into a relationship involving former Managing Director Dominique Strauss-Kahn .
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 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.
Galleon Group LLC co-founder Raj Rajaratnam, the hedge fund manager convicted of insider trading, will be heard again on recorded wiretaps in the trial of his former deputy, Zvi Goffer, the judge overseeing the case said.