IMF

Going to IMF for funds is absolutely ridiculous suggestion: Montek

Going to IMF for funds is absolutely ridiculous suggestion: Montek

Any suggestion of India going to the International Monetary Fund (IMF) for funds to tackle adverse economic conditions like the current account deficit (CAD) is totally ridiculous, Planning Commission Deputy Chairman Montek Singh Ahluwalia said.

Mr. Ahluwalia said that the scale of facility that India would require to get from IMF is extremely small compared to the country's foreign exchange reserves.

Dominique Strauss-Kahn Resigns From IMF After Arrest & Sexual Assault Charges

Dominique Strauss-Kahn Resigns From IMF After Arrest & Sexual Assault Charges

International Monetary Fund Chief, Dominique Strauss-Kahn resigned from his position on Wednesday after he had been arrested for sexual assault. He has been accused for sexually assaulting a housekeeper in a Midtown Manhattan hotel room.

He handed over his resignation four days after his arrest from Kennedy International Airport.

It was soon expected that Mr. Strauss-Kahn, a former French finance minister will declare his candidature for the French presidency. He is a popular public figure and it is believed that he is the person who can drive out President Nicolas Sarkozy.

IMF agrees to provide a $1.17 Billion disbursement to Romania

IMF agrees to provide a $1.17 Billion disbursement to Romania

The International Monetary Fund has given its nod today to a $1.17 billion disbursement to Romania. The IMF had informed this fact after its review on the nation's development meeting.

The first deputy managing director of IMF, John Lipsky had commented during an IMF board meeting the policy implementation according to the fund-supported deal has continued to be strong. John Lipsky had also added that Romania is currently on a clear path for meeting its short and medium-term fiscal targets.

Strauss-Kahn’s aid plan for Greece

Strauss-Kahn’s aid plan for Greece

The IMF told Financial Times in their interview that all countries that are now part of the new euro zone should follow the new cross border budgetary system.

Countries within the euro zone should implement a new system of cross-border budgetary co-ordination, the managing director of the International Monetary Fund told the Financial Times in an interview. In order to avoid further financial crisis Dominique Strauss-Kahn said fiscal transfers between euro zone countries must be short term.