Thursday, May 24, 2012 6:30 AM IST

IMF

The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries, in particular those with an impact on exchange rates and the balance of payments. It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development. It also offers highly leveraged loans mainly to poorer countries. Its headquarters are located in Washington, D.C., United States.

Articles About IMF

EU urges Greece to stay in euro, but plans for possible exit

By Reuters UK

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout programme. (5:51 am)

MORE TOPICS: GERMANY, EUROPEAN UNION, EUROPEAN CENTRAL BANK, INVESTMENT

Euro zone to prepare for Greek exit scenario -sources

By Reuters

Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, euro zone sources said on Wednesday. (10:12 pm)

MORE TOPICS: ELECTIONS

Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

By Union Bank of California

The dollar is sharply stronger this morning, gaining against all of its major counterparts other than the JPY on a fresh wave of risk aversion. Stocks and commodities are both beginning the day deep in the red on renewed concerns that the ongoing deb... (9:47 pm)

MORE TOPICS: GOLD, RETAIL SALES, RETAIL, ELECTIONS, COPPER

Donors pledge $4 billion aid to Qaeda-hit Yemen

By Reuters UK

Saudi Arabia and Western and Gulf states pledged more than $4 billion in aid to Yemen at a Riyadh conference two days after more than 90 Yemeni soldiers were killed in a suicide attack, deepening concerns about al Qaeda's presence in the country. (8:05 pm)

MORE TOPICS: AL-QAEDA, DUBAI, EUROPEAN UNION, UNITED NATIONS, RUSSIA, UNITED ARAB EMIRATES

Euro crisis pain primes Britain for more stimulus

By Reuters UK

The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth. (7:51 pm)

MORE TOPICS: UNEMPLOYMENT, BANK OF ENGLAND, INTERNATIONAL MONETARY FUND, QUANTITATIVE EASING, INVESTMENT

Exclusive - Euro zone to prepare for Greek exit scenario - sources

By Reuters UK

Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, three euro zone sources said on Wednesday, citing an agreement reached by officials. (6:58 pm)

MORE TOPICS: ELECTIONS

Exclusive: Euro zone to prepare for Greek exit scenario: sources

By Reuters

Each euro zone country will have to prepare a contingency plan for the eventuality of Greece leaving the single currency, three euro zone sources said on Wednesday, citing an agreement reached by officials. (6:58 pm)

MORE TOPICS: ELECTIONS

Euro zone officials agree to prepare for Greek exit scenario

By Reuters

Euro zone officials have agreed that each euro zone country must prepare an individual contingency plan in the eventuality that Greece decides to leave the single currency area, two eurozone officials said on Wednesday. (6:12 pm)

Bundesbank says Greek euro exit "manageable"

By Reuters

The impact of a Greek exit from the euro zone would be substantial but "manageable", Germany's Bundesbank said on Wednesday, raising pressure on Athens to keep its painful economic reforms on track. (5:58 pm)

MORE TOPICS: GERMANY, MANUFACTURING, EUROPEAN UNION, MANAGEMENT

German Bundesbank warns Greece not to reject reforms

By Reuters

Germany's Bundesbank said on Wednesday the situation in Greece was "extremely worrying" and it was jeopardizing any further financial aid by threatening not to implement agreed reforms. (4:12 pm)

MORE TOPICS: MANUFACTURING