New ECB Chief Urges Domestic Demand Push
While “all advanced economies are facing a growth challenge, the euro area has been slower to embrace innovation," Christine Lagarde says.
IMF’s Christine Lagarde Named as New ECB Chief
The self-confessed economic outsider faces the challenge of helping stimulate the eurozone economy amid mounting fears of recession.
IMF Chief Warns of Economic Nationalism Risks
"While it is tempting to sail alone, countries must resist the siren call of self-sufficiency,” Christine Lagarde says.
IMF Boosts Growth Forecast for 2017 to 3.5%
In its latest economic outlook, the fund warns that protectionist policies "threaten global economic integration and the cooperative global economic order."
IMF Urges Tougher Fight Against Corruption
While the annual cost of bribery alone is an estimated $1.5 trillion to $2 trillion, the fund says the indirect damage is even higher.
IMF Adds Chinese Yuan to Reserve Currencies
The decision to include the yuan in the elite group of currencies is an "important milestone" for China's economy, the Fund says.
EU To Hold Emergency Summit About Greece
While the Greek finance minister says he has made a credible offer to creditors, 19 EU leaders will meet for discussions at "the highest political levels."
IMF Advises Fed Not To Raise Rates Until 2016
Regardless of timing, higher U.S. policy interest rates could result in "a significant and abrupt rebalancing of international portfolios."
‘New Mediocre’ Could Become Global Economic Reality, Lagarde Worries
"Fiscal policy should be better calibrated to the strength of the recovery," Christine Lagarde said.
Greece Finds Money to Meet Debt Deadline
The IMF's Christine LaGarde welcomes confirmation that a $505 million payment would beat Greece's debt deadline.