At the IMF-World Bank meetings this past week, there were plenty of assessments of the state of the global economy that described the post-2008 recovery as anemic. Only a few went so far as to claim that the global economy is comatose. Yet, despite general agreement on the diagnosis, there was little consensus on how to solve the problem.

OTTAWA - With global finance ministers gathering in Washington this week, the International Monetary Fund is advising Canadian policy-makers against p...

So the Cyprus story is more than just another profligate nation begging for help. This mess may force the unification of this island, and tapping of its resources, at long last for the betterment of all its citizens. It may stop the takeover of a nation inside the EU by Russian bad guys.

OTTAWA - The International Monetary Fund is telling the Bank of Canada to hold off on interest rate hikes until the economy improves, and not to disco...

TORONTO - The head of the International Monetary Fund says measures taken to protect Canada's economy should be a model for countries trying to fix th...

As the world economy continues to struggle, people are taking to the streets by the thousands to protest painful cuts in public spending designed to reduce government debt and deficits. This fiscal fury is understandable. People want to regain the confidence they once had about the future when the economy was booming and more of us had jobs.But after a protracted economic crisis, this will take planning, fair burden-sharing, and time itself.

At the IMF and World Bank Group annual meetings in Tokyo, the European economic crisis was never off the agenda and often took centre stage in panel discussions. In the streets of Athens, Madrid, and in cities of other fiscal adjusting European states, there is a real belief that this new economic reality will result in a lost generation.

LONDON - The price of oil edged down toward US$92 a barrel on Wednesday amid gloomy forecasts for world economic growth.By early afternoon in Europe, ...

TOKYO - China's central bank governor and finance minister won't be attending IMF and World Bank annual meetings in Tokyo this week in an apparent snu...

Quebec's unruly students are no different than the Greeks. Both have enjoyed free rides for years, both are being asked to pay their share of the tab and both are refusing to do so. The Greeks are going to fall behind the Romanians in living standards in short order while the students are making a fuss over a pittance. That makes the Quebec students, in a sense, even more irresponsible.

On top of the generalized global interest about Argentina's move to nationalize its largest energy company YPF, the majority owner of which had been the Spanish energy company Repsol, there is a special local twist as the Mexican President Felipe Calderón has been particularly critical of Argentina's move calling it "very regrettable."

WASHINGTON - Canada is far from isolated on the world stage in its resistance to commit more money to the International Monetary Fund's efforts to com...

Finance Minister Jim Flaherty is standing firm in reiterating Canada's position that it will not ante up part of the $400 billion US soug...

OTTAWA - Canada is benefiting from generally improved global conditions, but there are still plenty of risks external and internal that could derail t...

With the release of the latest growth projections from the Bank of Canada and the International Monetary Fund (IMF), it appears that Canada's two-year run at the top of the G7 group of countries could be coming to an end. Both the Bank of Canada and the IMF have lowered this year's growth predictions, paving the way for - get this - America to take over the top spot.

OTTAWA - Canada's recovery is being dragged down by a cascading crisis in Europe and weakening conditions elsewhere, the International Monetary Fund s...

OTTAWA - The International Monetary Fund says Canada's economy is slowing and faces risks both at home and abroad.The IMF says Canada not only faces h...

WARSAW, Poland - Of all the twists in Europe's debt crisis one of the oddest must be this: Poles, Czechs and other eastern Europeans, long the recipie...

What's the newest strategy of the European Commission to remove any democratic accountability from the eurozone members? They are now aiming to consolidate all eurozone members on the IMF Executive Board into a single member, represented by... the European Commission.

The party that calls itself Europe is over. The sovereign debt crisis afflicting its weakest members has ended the eurozone's political Ponzi scheme -- the proclivity to hand out entitlements today and run up a tab due tomorrow.

BRUSSELS - The head of a European Union task force created to help Greece overhaul its public sector says the debt-ridden country is losing out on abo...

TOKYO - The chief of the International Monetary Fund said Saturday that Italy's financial reform is key to reducing the impact of the eurozone crisis,...

If, as it appears, there is not enough money in the eurozone and probably the Union to save the euro from the Greek and Italian government assaults on its solvency, can the IMF really accomplish these bailouts on their behalf?