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.
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.
It's unusual for the International Monetary Fund to revise its short-term global growth forecast upwards. But it has done so now, for the first time in 6 years. But that optimism comes tempered with a dose of caution - in the words of the IMF's chief economist: "we cannot be sure we are out of the woods."