French authorities searched the Paris apartment of IMF chief Christine Lagarde on Wednesday in an investigation into her award of a 2008 arbitration payment to a businessman supporter of former president Nicolas Sarkozy, her lawyer said. ...
06:01 AM, Mar 21, 2013
In order to keep up the recovery momentum in the world economy, International Monetary Fund chief Christine Lagarde on Saturday asked countries and their leaders to follow the 'do not relax' principle and not let complacency come into their efforts. ...
07:47 PM, Jan 26, 2013
Nations around the globe need to press forward with fiscal and reform promises, especially in the United States and Europe, to reduce the uncertainties shackling growth, the head of the IMF said on Thursday, warning that the global economy barely dodged a bullet in 2012. ...
04:25 AM, Jan 18, 2013
Washington: IMF chief Christine Lagarde on Tuesday said pollution from coal generation plants causes about 70,000 premature deaths every year in India. Without giving any further details about deaths due to pollution in India, Lagarde noted that environmental problems doesn't just end with climate change. The IMF Managing Director said she believes the world is facing economic, environmental and social crises. The remarks are part of a prepared speech to...
03:18 AM, Jun 13, 2012
New Delhi: Amid global uncertainties, IMF Chief Christine Lagarde on Tuesday met Finance Minister Pranab Mukherjee and deliberated on the importance of the multilateral agency in stabilising the world economy. "We particularly discussed the euro area situation and we also discussed the role of IMF and importance that emerging market economies have to play within organisation," Lagarde told reporters after meeting the Finance Minister. Lagarde, who is on a two-day...
12:53 AM, Mar 20, 2012
Washington: Christine Lagarde, the chief of International Monetary Fund, will visit India later this month and is likely to discuss various economic policies and reforms related to the fast-growing Asian economy. Lagarde will also be visiting China next week, following which she would be in New Delhi on March 19-20 for her first India visit since taking over as IMF Chief in June last year. She is likely to meet...
08:29 PM, Mar 09, 2012
Washington: The International Monetary Fund said it will host a high-level conference on India and China, to be held in New Delhi next week. IMF Managing Director, Christine Lagarde would be travelling to New Delhi for the two-day conference on 'China and India Sustaining High Quality Growth' to be held in New Delhi on March 19-20. Being co-hosted by the China Society for Finance and Banking, and the Indian Council...
09:24 AM, Mar 09, 2012
Davos: International Monetary Fund (IMF) chief Christine Lagarde will visit India in March. After meeting Lagarde on the sidelines of the World Economic Forum (WEF) annual meeting here, Commerce and Industry Minister Anand Sharma told reporters, "We had free exchange of views and we have known each other for a long time. When she comes to India in March, we will take forward the talks." The IMF is playing a...
09:30 PM, Jan 28, 2012
Speaking at the US State Department Christiane Lagarde speaking on escalating euro zone crisis also called for collective action. ...
08:27 AM, Dec 16, 2011
Washington: No country is immune from an "escalating" euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday. IMF Managing Director Christine Lagarde, speaking at the US State Department, said the outlook for the world economy is "quite gloomy" and warned that failure to act collectively could lead to protectionism and isolation reminiscent...
07:59 AM, Dec 16, 2011
Washington: Amidst deepening European economic crisis, the head of the International Monetary Fund (IMF) in Europe has resigned citing personal reasons, the Washington-headquartered world body said. "Antonio Borges, Director of the International Monetary Fund's European Department, has notified IMF Managing Director Christine Lagarde of his intention to leave the Fund for personal reasons," the IMF said in a statement on Wednesday. Borges, who took up his current IMF post in...
07:06 AM, Nov 17, 2011
Tokyo: Asia clearly continues to drive global economic recovery, but if strains in the euro zone worsen the region will be negatively affected via trade and financial sector links, International Monetary Fund chief Christine Lagarde said on Saturday. Lagarde was speaking at a news conference after a meeting with Japanese Finance Minister Jun Azumi. Before arriving in Tokyo, Lagarde visited Moscow and Beijing, in a bid to convince the emerging...
08:44 AM, Nov 12, 2011
Washington: The head of the International Monetary Fund says the global economy has entered a dangerous phase and that the heavy debt burdens could "suffocate" a recovery. Nations must work together to meet the growing risks, IMF Managing Director Christine Lagarde said on Thursday. Banks must provide more capital, and governments need credible plans to get their debt under control. Lagarde worries that some governments lack the political will to...
12:37 AM, Sep 23, 2011
Washington: International Monetary Fund (IMF) on Saturday recognised the rebel's National Transitional Council (NTC) as the legitimate government of Libya, assuring the war ravaged country of rapid and sustainable economic recovery. "I am happy to report that reflecting the views of the international community, the IMF will deal with the NTC as the government of Libya," IMF Managing Director Christine Lagarde said. "In this context, the Fund stands ready to...
08:12 PM, Sep 10, 2011
Frankfurt: European politicians on Thursday rejected an International Monetary Fund call for banks to raise up to 200 billion euros ($290 billion) in new capital, adding to fears that policymakers may be underestimating the severity of the debt crisis. IMF chief Christine Lagarde's call on Saturday for mandatory capitalisation of European banks to prevent a world recession has reignited a debate over whether they have raised sufficient capital to withstand...
11:47 PM, Sep 01, 2011
Wyoming: The new head of the IMF on Saturday called on global policymakers to pursue urgent action, including forcing European banks to bulk up their capital, to prevent a descent into a renewed world recession. "Developments this summer have indicated we are in a dangerous new phase," International Monetary Fund Managing Director Christine Lagarde said at a conference for top officials and leading economists from around the globe. "The stakes...
05:53 PM, Aug 28, 2011
Paris: France's public prosecutor had recommended the Court of Justice of the Republic, a special tribunal that can judge ministers, order an investigation, following a request from opposition Socialist Party politicians. The court had been due to rule in June, as Lagarde was bidding for the IMF job, but asked for more time to weigh its decision. "We have come out in favour of an investigation concerning Madame Lagarde," court...
01:47 AM, Aug 05, 2011
Washington: The impact of a failure to raise the US borrowing limit could extend beyond America's borders and damage the global economy, the chief of the International Monetary Fund said on Tuesday. In a speech at the Council on Foreign Relations in New York, Christine Lagarde urged US political leaders to show the same "political courage" that European leaders demonstrated last week, when they agreed on several new measures to...
07:47 AM, Jul 27, 2011
Washington: The International Monetary Fund's executive board on Friday approved a disbursement of about 3.2 billion euros to help Greece pay debts due this month and return to positive economic growth in 2012. In announcing the payment, part of a 110 billion euro IMF-European Union bailout package crafted for Greece last year, IMF Managing Director Christine Lagarde said debt-laden Greece has made progress but has much more work to do....
09:42 AM, Jul 09, 2011
Washington: China is close to clinching a top-level post at the International Monetary Fund, sources familiar with the situation said on Wednesday after the IMF's new chief pledged to give more power to emerging economies. IMF sources said Min Zhu, a Chinese national who was a special advisor to Dominique Strauss-Kahn, was expected to fill a new deputy managing director post to be created by Lagarde. "Min Zhu is expected...
02:19 AM, Jul 07, 2011
