IMF chief Christine Lagarde said Sunday measures taken to fight financial woes in Europe and the US were starting to pay off, in a cautiously upbeat assessment of the global economy. But Lagarde in Beijing for a two-day trip to attend a high profile forum on China’s development and hold meetings with her economic counterparts [...]

China’s financial system is at risk from bad loans, booming private lending and sharp falls in property prices, the International Monetary Fund (IMF) warned on Tuesday, as it called for sweeping reforms. In its first formal evaluation of China’s financial system, the Washington-based lender blamed “heavy” government involvement in the country’s banks and watchdogs for [...]

The struggling US economy and eurozone debt crisis have sparked a “growing sense of pessimism” about Asia-Pacific’s economic growth in the next year, a regional think tank said on Friday. Expectations for growth are at their lowest levels since the last global economic slump in 2008, the Pacific Economic Cooperation Council (PECC) said in a [...]

IMF chief Christine Lagarde said on Monday the fund had adequate resources to deal with the debt crisis affecting the world economy. “I believe that today the IMF has adequate resources,” Lagarde told Europe 1 radio after some member nations of the G20 meeting in Paris on Friday and Saturday called for increased resources for [...]