Tag: IMF

• Saturday, May 21st 2011 - 10:15 UTC

  IMF should have a new Managing Director by June 30

  

  The International Monetary Fund said on Friday that it is scheduled to complete the process of selecting a new managing director by June 30.

• Saturday, May 21st 2011 - 09:45 UTC

  Lipsky calls for continued support for ‘shaky’ economies in Europe

  

  The global economic recovery is accelerating but remains vulnerable to setbacks said IMF acting Managing Director John Lipsky said as he urged continued international support for shaky economies in Europe.

• Thursday, May 19th 2011 - 22:22 UTC

  DSK granted bail and formally indicted; will appear in court June 6

  

  Dominique Strauss-Kahn on Thursday was granted bail by a judge in a New York court, after being formally charged with trying to rape a hotel maid. Strauss-Kahn had earlier resigned as the International Monetary Fund's boss.

• Thursday, May 19th 2011 - 07:36 UTC

  Strauss-Kahn resigns from IMF; defence lawyer presents new plea for bail

  

  International Monetary Fund chief Dominique Strauss-Kahn has resigned following allegations he sexually assaulted a hotel maid in New York. In a statement, Mr Strauss-Kahn, 62, said he had already informed the executive board of his intention to step down “with immediate effect”.

• Wednesday, May 18th 2011 - 07:10 UTC

  US says IMF should designate an interim Managing Director

  

  Dominique Strauss-Kahn is “not in a position to run” the International Monetary Fund after his arrest over an alleged sexual assault, US Treasury Secretary Timothy Geithner has said. He added IMF's executive board should designate an interim head.
  The alleged assault on a maid happened at New York's luxury Sofitel hotel on 14 May.

• Tuesday, May 17th 2011 - 15:42 UTC

  Brazil insists with an emerging economy Managing Director for the IMF

  

  Brazil’s former Foreign Affairs minister Celso Amorim said that the next IMF Managing Director must come from an emerging economy if Dominique Strauss-Kahn, currently in custody in New York on alleged rape charges finally looses his job.

• Tuesday, May 17th 2011 - 15:21 UTC

  Potential candidates to succeed Strauss-Kahn as head of the IMF

  

  Dominique Strauss-Kahn, (DSK) the head of the International Monetary Fund, may be forced to leave his post after being accused of trying to rape a maid in his New York hotel room. IMF is currently under John Lipsky Acting Managing Director.

• Tuesday, May 17th 2011 - 00:44 UTC

  Euro aid package for Portugal approved but private bond holders also involved

  

  Euro zone finance ministers approved Monday a three-year, 78-billion Euro emergency loan program for Portugal and said Lisbon would ask private bondholders to maintain their exposure to its debt.

• Monday, May 16th 2011 - 20:33 UTC

  IMF chief denied bail remains in custody in New York

  

  IMF Dominique Straus-Kahn, accused of attempting to rape a hotel housekeeper, was ordered held without bail by a New York judge after prosecutors argued he presented a flight risk.

• Sunday, May 15th 2011 - 14:49 UTC

  IMF head and French president hopeful arrested for alleged sex act in New York

  

  An attempted-rape charge against IMF Managing Director Dominique Strauss-Kahn may put an end to his prospects of running in the French presidential election even as his party called for calm and unity until the claims have been verified.