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This and the appreciation of the South African rand, the major currency of Zimbabwe’s (main) trading partner, has caused a liquidity crunch that has weakened...

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IMF chief Lagarde under investigation in France

YoopyaAugust 27, 2014

by YoopyaAugust 27, 201401

PARIS (AP) — Christine Lagarde, the chief of the International Monetary Fund, was put under official investigation for negligence in a French corruption probe that...

Business Economy World

IMF chief warns a US default could spark recession

YoopyaOctober 14, 2013

by YoopyaOctober 14, 201300

The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV...

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G20 hopes grow for U.S. deal to avert default

YoopyaOctober 11, 2013

by YoopyaOctober 11, 201303

(Reuters) – Top finance officials from the G20 leading economies looked set to keep their focus on the receding risk of a U.S. default at talks on Friday as...

Europe News

Cyprus bailout: Deal reached in Eurogroup talks

YoopyaMarch 25, 2013

by YoopyaMarch 25, 201301

Eurozone finance ministers have agreed a 10bn-euro bailout deal for Cyprus to prevent its banking system collapsing and keep the country in the eurozone. Laiki...

News World

Court rejects Strauss-Kahn’s call to drop sex inquiry

YoopyaDecember 19, 2012

by YoopyaDecember 19, 201200

(Reuters) – A French court on Wednesday rejected a request by former IMF chief Dominique Strauss-Kahn to drop a sex offence inquiry in which he...

News

IMF warns global economic slowdown deepens, prods U.S., Europe

brunoOctober 9, 2012October 9, 2012

by brunoOctober 9, 2012October 9, 201200

(Reuters) – The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned...

Europe News

Analysis: Uneasy role for IMF in euro zone crisis

YoopyaOctober 3, 2012

by YoopyaOctober 3, 201200

(Reuters) – The euro zone debt crisis is pushing the International Monetary Fund into new, and at times, uncomfortable territory. The global lender is preparing...