IMF chief Christine Lagarde praises UK economy

The head of the International Monetary Fund, Christine Lagarde, has endorsed the UK government's economic strategy.

China Local Debt May Top Estimates, Former Minister Says

China’s local governments may have more than 20 trillion yuan ($3.2 trillion) of debt, former Finance Minister Xiang Huaicheng said, almost double the figure given in a 2011 report by the National Audit Office.

IMF: UK should slow budget cuts if growth does not recover

The government should slow the pace of budget cuts next year if growth in the UK does not recover, the International Monetary Fund (IMF) has said.

Lagarde assures IMF able to boost crisis funds

IMF head Christine Lagarde said Thursday that the crisis lender would get a significant boost to its intervention capacity this week as worries mounted that Spain might be the next eurozone country to seek a rescue.

IMF chief Christine Lagarde will struggle to bag more funds for a 'firewall'

Global politics and economic theory don’t lend themselves easily to punchlines. But in January this year, Christine Lagarde managed to inject a little light relief into proceedings at the World Economic Forum.

IMF warns of threat to global economies posed by austerity drives

The leaders of the International Monetary Fund, the World Bank and the World Trade Organisation on Friday issued a warning about the economic and social risks of austerity programmes in a "call to action" designed to boost growth and fight protectionism.