Thursday, May 24, 2012 9:09 AM IST

International Monetary Fund

The International Monetary Fund (IMF) is the 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 rate and the balance of payments.

It is an organization formed with a stated objective of stabilizing international exchange rates and facilitating development through the enforcement of liberalising economic policies on other countries as a condition for loans, restructuring or aid.

It also offers highly leveraged loans, mainly to poorer countries. Its headquarters are in Washington, D.C., United States.

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Articles About International Monetary Fund

Spain to inject $11.3 billion funding gap at Bankia

By Reuters

Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis. (12:12 am)

MORE TOPICS: UNEMPLOYMENT, GOLDMAN SACHS, EUROPEAN UNION, MANAGEMENT, MORTGAGE

Spain to fill 9 billion euro funding gap at Bankia

By Reuters UK

Spain said on Wednesday its rescue of problem lender Bankia <BKIA.MC> would cost at least 9 billion euros (7.2 billion pounds), as the government tries to clean up a banking system that threatens to drag the country deeper into the euro zone crisis. (12:05 am)

MORE TOPICS: UNEMPLOYMENT, GOLDMAN SACHS, EUROPEAN UNION, MANAGEMENT, MORTGAGE

David Cameron
David Cameron's 600,000 Job Creation Claim to Parliament 'Not True'

By IBTimes UK

Britain's prime minister told David Cameron parliament that 600,000 jobs had been created in the private sector since his coalition government took office in May 2010. (8:42 pm)

MORE TOPICS: RETAIL SALES, GDP, RETAIL, BANK OF ENGLAND, QUANTITATIVE EASING

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, IMF, BANK OF ENGLAND, QUANTITATIVE EASING, INVESTMENT

A European Union flag is seen in front of the Parthenon temple in Athens
Italian Consumer Confidence Hits 15-Year Low, UK Retail Sales Slump

By IBTimes

European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen. (7:23 pm)

MORE TOPICS: UNEMPLOYMENT, RETAIL SALES, RETAIL, BANK OF ENGLAND, INVESTMENT

Spain's Banks In Focus Ahead Of Bankia Rescue Plan

By Reuters

Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis. (5:05 pm)

MORE TOPICS: GOLDMAN SACHS, EUROPEAN UNION, MORTGAGE, INVESTMENT

Euro crisis keeps BoE primed to pump out more cash

By Reuters UK

LONDON, May 23 - The Bank of England will pump more money into the faltering British economy if the euro crisis causes more mayhem, minutes of the Bank's last meeting showed on Tuesday, as data revealed a sharp pull back in spending by skittish consumers. (3:26 pm)

MORE TOPICS: IMF, BANK OF ENGLAND, QUANTITATIVE EASING, LONDON

Saudis pledge $3.25 billion in aid to Qaeda-hit Yemen

By Reuters UK

Saudi Arabia, concerned that chaos in Yemen is creating an al Qaeda base on its doorstep, pledged $3.25 billion in aid to its neighbour at a donor group meeting two days after more than 90 Yemeni soldiers were killed in a suicide attack. (3:12 pm)

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

An Egyptian man walks in front of a wall sprayed with graffiti depicting a tank, as a protest against the ruling Supreme Council of the Armed Forces (SCAF), near Tahrir Square in downtown Cairo May 16, 2012.
Egypt Goes To Polls For Historic Presidential Election

By IBTimes

Egypt went to polls Wednesday in country's first free election for a president after weeks of intense speculation and debate. The historic presidential election, contested by Islamists and secularists, heralds the setting up of a democratic system. (3:02 pm)

MORE TOPICS: ELECTIONS, EGYPT, MANAGEMENT, INVESTMENT

BoE saw case for more stimulus in May as euro crisis risks loom

By Reuters UK

The Bank of England's policymakers already saw a case for more monetary stimulus in May as the euro crisis posed risks to the faltering economy, minutes to their last meeting showed. (2:44 pm)

MORE TOPICS: QUANTITATIVE EASING