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International Monetary Fund

Developing Countries Fear Fallout

Global Banking Problems Videos Signs of stress are growing on banking systems in many emerging and developing economies, the head of the International Monetary Fund has said. The IMF met in Washington to discuss the worst...

Economic jitters as Canadian election draws near (AFP)

AFP - Campaigning in Canada's parliamentary elections entered the home stretch Sunday with the governing Conservatives still the front-runners amid voter jitters over how the global financial crisis will hit the economy.

Worldwide crisis plans face acid test in Asian markets

WASHINGTON (AFP) - An unprecedented worldwide effort costing trillions of dollars to tame the financial crisis faces an acid test Monday when battered Asian stock markets pass a critical judgment on the measures.

UPDATE - IMF head welcomes euro-zone moves on credit crisis (at Reuters)

WASHINGTON, Oct 12 (Reuters) - International Monetary Fund Managing Director Dominique Strauss-Kahn on Sunday welcomed euro-zone steps aimed at stabilizing chaotic financial markets and praised actions taken so far by the...

World Leaders Offer Unity, But No Steps To Ease Financial Crisis

Officials from 20 major countries Saturday endorsed a coordinated approach to the financial crisis, but they failed to announce any concrete steps, underscoring the difficulty of crafting a global plan to halt the contagion as...

Iceland minister-turning to IMF would help crown (at Reuters)

REYKJAVIK, Oct 12 (Reuters) - An Icelandic minister was quoted on Sunday as saying that going to the International Monetary Fund for assistance would encourage other nations to help and this would bolster the ailing Icelandic...

News Minute: Financial crisis talks...Europeans develop plans...McCain's new economic proposals

Associated Press - October 12, 2008 4:53 PM ET WASHINGTON (AP) - Members of the World Bank have agreed to protect poor and vulnerable countries in the current financial turmoil. The bank and the International Monetary Fund are...

Latin America urges U.S. to tackle crisis

Latin American finance ministers urged the United States to act quickly to combat the swirling financial crisis that could reverse broad economic gains made across the region in recent years. Meeting with counterparts at an...

European leaders agree crisis rescue at summit

PARIS (AFP) - European Union leaders hammered out a plan Sunday to confront the financial crisis which will involve hundreds of billions of dollars of new initiatives to head off a feared & quot;meltdown & quot;.

Saudi Finance Minister addresses IMF committee meeting

The monetary and financial committee of the International Monetary Fund (IMF) held a meting here last night. In an address at the meeting, Saudi Finance Minister Dr Ibrahim Al-Assaf shed light on the economic situation in the...