IMF

Austria has decided to participate in the AIIB after cabinet meeting, Xinhua news agency reports.

Japanese Finance Minister provided cautious outlook about cooperation between China-led AIIB and ADB that is dominated by Japan and US.

China-led initiative has been widely expected to rival other international finance institutions.

The Indian economy is expected to more than double in size by 2019, compared to 2009, says the IMF managing director.

China, the world's second largest economy and India, the third largest in Asia, are two important growth drivers in the world.

Antediluvian economic doctrines of Germany have caused unnecessary social harm to Greece, Ireland, Spain, Italy, and Portugal.

Eurozone finance ministers agree in principle to extend Greece's financial rescue package by four months, if Greece keeps austerity policies.

Greece will submit a list of potential economic reforms by 23 February for review

Prosecutor asks French court for acquittal of ex-IMF chief Strauss-Kahn on pimping charges

Talks between Greece and euro zone finance ministers over the country's debt broke down on 16 February when Athens rejected a proposal to request a six-month extension of its international bailout as "unacceptable".

The criminal case against ex-International Monetary Fund chief Dominique Strauss-Kahn is on the verge of collapse after four sex workers dropped their complaints against him on Monday.

New deal will replace $17bn loan programme announced by IMF in April, of which $4.5bn has been disbursed already.

A former prostitute has said Strauss-Kahn insisted on having anal sex with her at an orgy.

Former IMF chief rebuts pimping allegations at French trial.

Greece's economy remained heavily in focus on Thursday (February 5) after the country's finance ministry said its banking system was protected through its access to emergency liquidity assistance (ELA) available from the domestic central bank, after the European Central Bank (ECB) said it would stop accepting Greek bonds in exchange for funding.

The Athens Stock Exchange noted gains of 5.6 percentage points on its general index shortly after opening on Monday (February 2) amid expectations that there will be no rupture between the government and lenders.

If convicted, he could face up to 10 years in prison and a fine of €1.5m.

Angela Merkel ruled out cancelling any of Greece's debt but still wants the country to remain in the Eurozone.

Clearance revenue withheld by Israel represents about two-thirds of net revenues of Palestine.

Alexis Tsipras, leader of Syriza and Greek prime minister, called Troika 'dead'.

There is little support in the euro zone for any write-off of Greece's debts, Jeroen Dijsselbloem, the chairman of the Eurogroup of euro zone finance ministers, said on Monday (January 26).