The International Monetary Fund groups 188 countries; its aim is to secure financial stability.
One of the organization's stated objectives is making financial resources available to member countries to meet balance of payments needs. The IMF therefore plays an important role in solving the crises of countries threatened by bancruptcy. Its headquarters are in Washington, D.C., United States, it current managing director is Christine Lagarde, a former French finance minister. This page collates recent DW coverage concerning Lagarde and the IMF.
Talks on a new bailout deal for Greece failed to start on Friday. Officials cited security concerns. Negotiations can't start until a new venue is found that would better protect negotiators from the widespread public outrage over previous bailouts.
As the Greek parliament approves the bailout measures agred with creditors at last weekend's summit, The International Monetary Fund makes an urgent call - cut Greece's debt. The IMF says Greece needs far more debt relief than expected. Otherwise a deep upfront haircut is necessary. These proposals have so far been a no-go for Germany.