Topic - International Monetary Fund

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  • Russia's Finance Minister Anton Siluanov, left, India's Minister of State for Finance and Corporate Affairs Nirmala Sitharaman, second left, Brazil's Finance Minister Guido Mantega, center, China's Finance Minister Lou Jiwei, second right, and South Africa Finance Minister Nhlanhla Nene, right, sign an agreement creating a development bank during the BRICS 2014 summit in Fortaleza, Brazil, Tuesday, July 15, 2014. The leaders of the BRICS nations are meeting in Brazil for a summit where they are expected to officially create a bailout and development fund worth $100 billion. It's meant to be an alternative to the World Bank and the International Monetary Fund, which are seen as being dominated by the U.S. and Europe. (AP Photo/Silvia Izquierdo)

    FEDEWA: BRICS vs. the dollar: The latest challenges

    Lost behind the tragic headlines of recent weeks was an event of potentially historic importance to the reign of "King Dollar." For some time, the coalition of Brazil, Russia, India, China and South Africa (known as BRICS) has been talking about staking a competitor to the International Monetary Fund (IMF). Last week, they announced a $100 billion capitalization of a Contingent Reserve Arrangement for BRICS' New Development Bank.

  • IMF tells the U.S. to raise the minimum wage

    The minimum wage is too low by historical and international standards, says the International Monetary Fund. Raising it could raise millions from poverty.

  • FILE - In this March 15, 2014 file photo, former Secretary of State Condoleezza Rice speaks at the California Republican Party 2014 Spring Convention in Burlingame, Calif. From Rice to the head of the International Monetary Fund and the former chancellor of the University of California, Berkeley, the list of 2014 commencement speakers backing out following student and faculty protests continues to grow. (AP Photo/Ben Margot, File)

    As college students walk, speakers walk away

    Forget about their students not making it to graduation. Now colleges have to wonder whether their speakers will.

  • IMF head withdraws from Smith College commencement

    The managing director of the International Monetary Fund backed out of giving this year's commencement address at Smith College in the wake of protests from faculty and students, the school announced Monday.

  • Vice President Joe Biden is seen behind a teleprompter as speaks at the Atlantic Council's conference, in a special tribute to NATO and the European Union, Wednesday, April 30, 2014, in Washington. Biden drew parallels between Russia's interference in Ukraine and the world wars of the last century. Biden said Ukraine's struggles start with Russia's acute violation of rules that the 20th century taught us must be upheld. He says Russia has violated the fundamental principle that Europe's borders cannot be changed by military force. (AP Photo/Jose Luis Magana)

    Money wielded to help Ukraine and threaten Russia

    The international community gave a financial boost to a feeble Ukraine on Wednesday as Republican lawmakers in the U.S. sought to increase the economic pressure on Russian President Vladimir Putin in an effort to deflate Moscow's designs on its neighbor.

  • ** FILE ** International Monetary Fund (IMF) Managing Director Christine Lagarde accompanied by IMFC Chair and Singapore Finance Minister Tharman Shanmugaratnam, arrive for a news conference during the World Bank Group-International Monetary Fund Spring Meetings in Washington, Saturday, April 12, 2014. ( AP Photo/Jose Luis Magana)

    IMF gives U.S. Congress year-end deadline for passing reforms

    The 188 members of the International Monetary Fund on Sunday gave the U.S. Congress until the end of the year to pass reforms giving large emerging countries like Russia and China a greater say in the Bretton Woods Institution, after which they may make plans to reform the IMF without the U.S.

  • Cherry blossom, World Bank events close DC roads

    District of Columbia police are warning of street closures and possible traffic delays this weekend due to the National Cherry Blossom Festival and events at the International Monetary Fund and World Bank complex.

  • From left, UN Secretary General Ban Ki-moon, CNN International anchor Isha Sesay, and World Bank President Jim Yong Kim attend the forum Endpoverty 2030 during the IMF/World Bank Spring Meetings at IMF headquarters in Washington, Thursday, April 10, 2014. ( AP Photo/Jose Luis Magana)

    Major economies express confidence about growth

    Finance officials of the world's major economies expressed confidence Friday that they can meet an ambitious goal of boosting global growth by $2 trillion over the next five years.

  • IMF eyes 'Plan B' for reforming itself without U.S.

    The International Monetary Fund has a "Plan B" for proceeding with reforms giving greater powers to developing countries even though the U.S. Congress hasn't approved them, but it is not ready to take that route yet, IMF Managing Director Christine Lagarde said Thursday.

  • IMF Managing Director Christine Lagarde continues to insist that there is little she can do without U.S. approval. Analysts point out that European countries, which continue to dominate the IMF's board of directors and stand to lose the most clout under the reforms, have been happy to let the U.S. block the legislation even while publicly deploring the congressional delays. (Associated Press)

    Russia, China leading efforts to bypass U.S. as IMF reforms stall on Capitol Hill

    Russia, China and other major developing countries — angry about the stalemate on Capitol Hill that has blocked approval of a reform plan that would give them a bigger voting share at the International Monetary Fund — are pushing to go ahead with the reforms without waiting for the United States.

  • Radio talk show host Mark Levin (Tea Party Patriots)

    Mark Levin blasts Mitch McConnell: 'He's not a conservative'

    Conservative radio's Mark Levin — affectionately dubbed "The Great One" by colleagues and fans alike — blasted Sen. Mitch McConnell and his fellow GOP leaders, characterizing them as RINOs, or Republicans-In-Name-Only, whose time to leave office had come.

  • Local citizens wave flags symbolizing the Soviet victory in WWII and Russian flags gather in support of Eastern Pro-Russian Ukrainians in their fight against Ukrainian government in Simferopol, Crimea on Monday, March 24, 2014. Ukraine's fledgling government ordered troops to pull back Monday from Crimea, ending days of wavering as Russian forces stormed and seized bases on the peninsula.(AP Photo/Max Vetrov)

    Reid slams GOP over Crimea; Senate bill advances

    Senate Majority Leader Harry Reid said Monday that Republicans may have helped Russia annex Ukraine's Crimean Peninsula, delivering a surprisingly sharp attack just before lawmakers advanced a bill authorizing sweeping U.S. sanctions on Russia and $1 billion in loan guarantees to Ukraine.

  • Illustration on government spying on financial data by Alexander Hunter/The Washington Times

    RAHN: Anti-money laundering surveillance hurts banking services

    To whom would you be willing to trust with all of your financial and tax information: close family members or the U.S. government and foreign governments, including Russia?

  • Deja Vu: About 5,000 people demonstrated Sunday in Donetsk, in eastern Ukraine, in favor of holding a referendum on secession and absorption into Russia, just as Crimeans did earlier this month before their region was annexed. President Obama this week will work for a united front against Russian President Vladimir Putin. (Associated Press)

    A Ukraine divide: Congress, world leaders debate how to counter Russia

    President Obama will try to forge a consensus on Ukraine when he meets this week with top allies in Europe, but he has had trouble winning unity even back home, where Democrats and Republicans are sparring over the outlines of U.S. policy, including military and financial aid.

  • U.S. Sen. John McCain, R-Ariz., center, speaks during a news conference in Kiev, Ukraine, Saturday, March 15, 2014. McCain and a team of seven other senators concluded their visit in Kiev on Saturday with a news conference in which they reaffirmed their support to the interim Ukrainian government. (AP Photo/David Azia)

    McCain: 'A little embarrassed' by GOP attitude on Ukraine and IMF

    Sen. John McCain, Arizona Republican, said Wednesday that he's "a little embarrassed" by some in his party who are insisting that reforms to the International Monetary Fund (IMF) be stripped from legislation to aid Ukraine and sanction Russian and Ukrainian officials involved with the unrest in the region.

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