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.
Argentina's economy is at rock bottom. So far, President Mauricio Macri has failed to reduce the country's vast budget deficit and boost competitiveness. The increase in interest rates in the US saw many investors withdraw capital from emerging economies - another blow to Argentina. Although it's had financial aid from the IMF, inflation is still soaring.
The Argentinian government took a record $56 billion dollar credit from the International Monetary Fund last year to bolster its ailing economy. It had to agree to IMF's fiscal targets to get the bailout loan. That means Argentina needs to exploit all its resources, including exports of its main cash crop soy for which the outlook isn’t great.
Argentinian President Macri had promised to end poverty, but his country is now experiencing an economic crisis. Macri says former President Cristina de Kirchner is to blame for the state of the economy. He has asked the International Monetary Fund to step in. But the IMF bailout came with some tough conditions - austerity measures. Poverty is now rising in the country.
Parliament in Buenos Aires is set to vote on an austerity budget as part of its bailout deal with the IMF. To qualify for the 50-billion-dollar rescue package, the country has to raise taxes and cut social programs. That's painful for many citizens, and protests are ongoing.
Pakistani PM Imran Khan embarks on a China visit to seek financial assistance for his country's failing economy. In an interview with DW, Muhammad Hammad Azhar, Khan's state minister for revenue, explains why loans from "friendly nations" are crucial for the South Asian country.
Ankara claims to have evidence that Jamal Khashoggi was murdered at the Saudi consulate in Istanbul. IMF chief Christine Lagarde said she would be "very attentive" to new information about the missing Saudi journalist.