Keyword: International Monetary Fund

France overtakes Britain in world economy rankings by GDP

For the first time since 2013, the French economy has moved to fifth place, above that in Britain, in world economy rankings by Gross Domestic Product published by the International Monetary Fund.

Macron wins IMF backing for 'ambitious' reform programme

A delegation from the International Monetary Fund, which has met with French government ministers and business figures in Paris, on Monday praised President Emmanuel Macron for what it called an 'ambitious', 'comprehensive' and 'balanced' economic reform plan, which will begin this autumn with an overhaul of labour market regulations.

One hurt in letter bomb sent to IMF office in Paris

A secretary at the European representation of the International Monetary Fund, located in central Paris, suffered burns and hearing disorder after triggering an explosive device contained in a letter addressed to the world lender's European representative Jeffrey Franks. 

French court finds IMF chief Lagarde guilty of negligence over massive payout to tycoon

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Christine Lagarde in court at the start of her trial on December 12th. © Reuters Christine Lagarde in court at the start of her trial on December 12th. © Reuters

Following a week-long trial, International Monetary Fund (IMF) chief Christine Lagarde has been found guilty of negligence when French economy and finance minister for allowing an award of more than 400 million euros from public funds to controversial tycoon Bernard Tapie. But the Court of Justice of the Republic, a special French court dedicated to judging the misdeeds of ministers, decided to exempt her from any sentence. The IMF announced late Monday that it had "full confidence" in Lagarde. Michel Deléan reports.

IMF chief Christine Lagarde to stand trial over payout to tycoon

Lagarde is accused of negligence for allowing an extremely rare out-of-court arbitration process that gifted Bernard Tapie with more than 400 million euros.

French judges send IMF chief Lagarde for trial

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IMF chief Christine Lagarde. © Reuters IMF chief Christine Lagarde. © Reuters

International Monetary Fund chief Christine Lagarde has been sent for trial in France for “negligence” when she was French finance minister in her management of an arbitration process that awarded French businessman Bernard Tapie with 404 million euros paid out of public funds, Mediapart can reveal. Earlier this month the Paris appeals court ordered Tapie to pay back the controversial 2008 payout. Michel Deléan and Laurent Mauduit report.

Why Europe's new problem is Germany

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Le ministre allemand des finances, Wolfgang Schaüble. © Reuters Le ministre allemand des finances, Wolfgang Schaüble. © Reuters

The dogmatic intransigence and unprecedented brutality that Germany has directed towards the Greek government now marks a historic break-up of the European project, writes Mediapart editor François Bonnet in this analysis of the five years of high drama surrounding the Greek debt crisis. The camouflage, he writes, has finally dropped: the arrival of an aggressive German superpower in Europe, seated on economic strength but also its influence over a number of central European states, one that is intent on imposing its economic and monetary vision, promises untold divisions and dangers.

Plus ça change…the stark reality of Mali's bright new future

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Bamako, octobre 2014 © Thomas Cantaloube Bamako, octobre 2014 © Thomas Cantaloube

Eighteen months ago Mediapart reported from Mali on its attempts to rebuild itself after France's military intervention to thwart an imminent terrorist takeover. At the time there was cautious optimism within the fractured African country that it could construct a more positive future. Now Mediapart has returned to Mali and the mood is very different. The cautious hopes about the future have largely given way to frustration amid the return of old-style politics and corruption. Meanwhile the country remains under the effective control of international institutions and foreign countries. As Thomas Cantaloube reports from the capital Bamako, the lack of real progress in Mali also symbolises a French vision of foreign affairs that is strong on military intervention but short on political content.

IMF advises France to halt tax hikes and cut spending

IMF says France would hurt economic activity with further tax hikes aimed at reaching 3% deficit target, which it predicts is already missed.

Government-commissioned report says France must slash labour costs

President François Hollande is urged by both a government-commissioned report by former EADS boss, and by the IMF, to slash employment costs.

Senior economist quits 'indecisive' IMF, 'ashamed' at its incompetence and its 'tainted' chief Lagarde

Veteran IMF economist Peter doyle quits job with a blazing attack on 'tainted' Christine Lagarde and the organisation's handling of the euro crisis.

Why the IMF holds the key to solving the eurozone crisis

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 © EU. © EU.

Few have heard of the International Monetary Fund's substitution account. The mechanism, proposed 40 years ago, never saw the light of day and yet, argues Philippe Ries, this is an instrument that would have offered, here and now, a way out of the eurozone debt crisis.

IMF 'no longer adapted to the global economy'

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Brazil is one of the world's rising economic powers, and a new and vigorous force on the international scene where it has championed the demand that emerging nations be given a greater role in international governance, notably in the current race of candidates to replace Dominique Strauss-Kahn as Managing Director of the International Monetary Fund (IMF). Here, Sebastião Velasco (photo), a renowned Brazilian professor of political sciences and international relations, charts the evolution of Brazil into one of the world's largest democracies and fast-growing economic powers, and analyses its role in promoting a new world order.