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.
Greece dominated the G7 finance minister meeting in Dresden despite not even being officially on the agenda. Athens is still hoping to get another lifeline by Sunday. But the head of the IMF, Christine Lagarde, has warned that a new bailout deal for Athens is not yet within reach.
Greece has been negotiating down to the wire with its creditors in an effort to secure a major tranche of bailout money. If Athens doesn't get the money, a default looms, possibly within days. But finance minister Yanis Varoufakis says a deal could come this week.