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International Monetary Fund

International financial institution

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International Monetary Fund: International financial institution
The International Monetary Fund (IMF), also known as the Fund, is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had XDR 477 billion.

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World Bank's Georgieva sole candidate to lead IMF, Fund says

The International Monetary Fund said on Monday that World Bank chief executive Kristalina Georgieva will be considered as the sole candidate to be the next IMF managing director following the close of..
Reuters - Published

IMF meets with Argentina opposition candidate

A team from the International Monetary Fund met on Monday with opposition candidate Alberto Fernandez, the front-runner for October's presidential election, according to a spokesman for Fernandez.
Reuters - Published

Videos for International Monetary Fund

Argentina heads to the polls. What's up for grabs? [Video]Argentina heads to the polls. What's up for grabs?

Argentina will go to the polls for primary elections on Aug. 11 ahead of the national ballot in October, seen as a referendum on the austerity politics of center-right incumbent President Mauricio..

Credit: Reuters Studio     Duration: 02:00Published

Bulgarian Kristalina Georgieva picked as EU candidate for IMF head [Video]Bulgarian Kristalina Georgieva picked as EU candidate for IMF head

After long negotiations, the chief executive of the World Bank emerged as the EU candidate to succeed Christine Lagarde.

Credit: euronews (in English)     Duration: 00:50Published

IMF race: European candidates [Video]IMF race: European candidates

The governor of the Bank of England, Mark Carney, is unlikely to succeed Christine Lagarde as the boss of the International Monetary Fund.

Credit: euronews (in English)     Duration: 01:40Published

 

Argentina's Macri says IMF team coming next week

Argentine President Mauricio Macri said on Thursday that a team from the International Monetary Fund would arrive in Argentina next week.
Reuters - Published

Argentina´s Fernandez says country will struggle to repay IMF loan, must renegotiate

The Argentine opposition candidate, Alberto Fernandez, said that the country would struggle under present conditions to repay a loan to the International Monetary Fund and he would seek to renegotiate..
Reuters - Published

Factbox: Argentina's Fernandez could review IMF deal, impose capital controls

A resounding victory by Argentina's center-left opposition leader Alberto Fernández in Sunday's primary election alarmed investors with the prospect he could roll back President Mauricio Macri's..
Reuters - Published

EU settles on World Bank's Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

World Bank's Georgieva to relinquish duties during IMF nomination period

World Bank Chief Executive Officer Kristalina Georgieva said on Friday that she will temporarily relinquish her World Bank responsibilities after being nominated as a candidate to lead the..
Reuters - Published

Georgieva emerges as EU's candidate for IMF head

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks on Friday that highlighted the EU's..
Reuters - Published

Bulgaria's Georgieva climbs from communism to IMF head hopeful

Bulgarian economist Kristalina Georgieva has been named European candidate to lead the International Monetary Fund after years of experience at its twin organization the World Bank.
Reuters - Published

No EU candidate gets required majority for IMF nomination: source

A majority of European Union governments gave their support to Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund, but she failed to reach a large enough majority to..
Reuters - Published

EU to choose between Dijsselbloem, Georgieva, for IMF; Rehn quits

European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a field narrowed to just two, Dutchman Jeroen Dijsselbloem and Bulgaria's Kristalina..
Reuters - Published

Finland's central banker Rehn pulls out from IMF chief vote

Finnish central bank governor Olli Rehn, an European Central Bank's board member, on Friday pulled out from the vote between EU leaders to choose a European candidate to lead the International Monetary..
Reuters - Published

EU race to nominate IMF head narrows to two as Finland's Rehn pulls out

European Union governments are set to choose on Friday the bloc's candidate to lead the International Monetary Fund between Dutchman Jeroen Dijsselbloem and Bulgaria's Kristalina Georgieva, a French..
Reuters - Published

EU race for IMF chief down to three as Spain's Calvino quits

European Union governments will try on Friday to choose a candidate to lead the International Monetary Fund from a list of three names, after two candidates pulled out of the race, but divisions could..
Reuters - Published

Spain says Calvino out of race for IMF head

Spain's Economy Minister Nadia Calvino is no longer a candidate for the top job at the International Monetary Fund, a government spokeswoman said on Friday, citing the need to find a common European..
Reuters - Published

Ukraine president submits law criminalizing illicit enrichment

Ukraine's president has submitted a draft law to parliament criminalizing illicit enrichment by officials, a condition for receiving support from the International Monetary Fund, the parliament website..
Reuters - Published

Lagarde's ECB nomination thrusts IMF into early succession race

The nomination of Christine Lagarde as European Central Bank president on Tuesday has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war..
Reuters - Published

Lagarde to rely on political skill to overcome shortcomings at ECB

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde will face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

EU leaders' tentative deal on top jobs hits opposition in parliament

French President Emmanuel Macron sought to break a deadlock over the EU's top jobs on Tuesday by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

Lagarde seen in pole position to replace ECB's Draghi

A shrewd negotiator who has run the IMF but has little monetary policy experience, Christine Lagarde would face the challenge as the European Central Bank's new chief of having to revive the euro zone..
Reuters - Published

Macron proposes Lagarde to head ECB in push to end EU jobs deadlock

President Emmanuel Macron sought to break a deadlock on Tuesday over assigning the EU's top jobs by proposing France's Christine Lagarde, now head of the International Monetary Fund (IMF), to lead the..
Reuters - Published

France and Germany eye Lagarde for ECB and Von der Leyen for EC president: sources

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement..
Reuters - Published

IMF's Lagarde says Israel-Palestinian peace needed to draw lasting MidEast investment

An Israeli-Palestinian peace deal is needed to bring lasting investment to the Middle East region, the International Monetary Fund's head said on Wednesday.
Reuters - Published

Ukraine and IMF to prepare new aid programme after election: presidential official

Ukraine and the International Monetary Fund have agreed to prepare a new aid programme to be ready after a snap parliamentary election in July, top presidential official Oleksandr Danylyuk said on..
Reuters - Published

IMF: Initial Sri Lanka market pressures seem contained, tourism action needed

The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks but decisive policy and security..
Reuters - Published

IMF says initial market pressures on Sri Lanka appear contained

The International Monetary Fund said on Tuesday that initial financial market pressures on Sri Lanka seem to have been contained following "horrific" Easter Sunday bombing attacks on churches and..
Reuters - Published

IMF gives Mozambique $118 million for Cyclone Idai rebuilding

The International Monetary Fund will grant Mozambique a $118.2 million credit facility to help it rebuild infrastructure after a devastating cyclone that killed hundreds of people and flattened whole..
Reuters - Published

'Large' IMF majority on Venezuela leader issue needed: Lagarde

The International Monetary Fund will not be able to help Venezuela deal with its economic crisis until a "large majority" of its members decide who to recognize as the country's leader, the head of the..
Reuters - Published

Ukrainian comedian gets serious with investors in bid for presidency

In a popular TV series, a fictional Ukrainian president gets so drunk at a dinner with the head of the International Monetary Fund that he throws her into a swimming pool.
Reuters - Published

Venezuela leadership issue still blocking IMF, World Bank aid

International Monetary Fund and World Bank shareholders are still undecided on whether to recognize Venezuelan opposition chief Juan Guaido as the country's leader, the institutions said on Thursday.
Reuters - Published

IMF says will consider emergency financial assistance for Mozambique after cyclone

The International Monetary Fund said on Tuesday it will consider emergency financial assistance in Mozambique under an IMF Rapid Credit Facility after Cyclone Idai ripped through three southern African..
Reuters - Published

IMF still seeking member views on Venezuela leader recognition: spokesman

The International Monetary Fund is still awaiting guidance from its members on whether to recognize Venezuelan opposition leader Juan Guaido as the country's leader, IMF spokesman Gerry Rice said on..
Reuters - Published

Argentina's Fernandez, a divisive figure, hunts allies for election comeback

Argentina's former president, Cristina Fernandez de Kirchner, is trying to win over rivals as she plots a political comeback to take on incumbent Mauricio Macri and his IMF-backed economic reforms in..
Reuters - Published

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