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.
A national general strike is underway in Greece once again, in protest at a new round of austerity which includes pension cuts and higher taxes. The country's largest unions called for the action. Parliament is debating whether or not to approve the new raft of measures on Thursday
New data shows that Greece far exceeded its creditors demands for budget savings last year, presenting a strong case for unlocking more bailout funds. So far about 245 billion euros have gone to the country, with Germany footing most of the bill.
During the spring meetings of the IMF and the World Bank, the discussion will once again center around Greece. The fight between the IMF and other creditors of the crisis battered country has to do with the further financial credits for Greece. It needs them to pay back its debt.