IMF in 'severe downturn' warning

IMF cuts economic growth forecast
The International Monetary Fund cuts growth forecasts, predicting that developed economies as a whole will shrink 0.3% in 2009.

Iceland asks for $2bn in IMF help
Iceland's government has said it has asked for $2bn (£1.3bn; 1.58bn euros) of support from the International Monetary Fund.

Pakistan seeks IMF financial help
The International Monetary Fund says Pakistan has asked for help in dealing with a looming balance of payments crisis.

IMF to investigate its director
The International Monetary Fund investigates whether its director abused his power in an alleged relationship with a subordinate.

IMF in global 'meltdown' warning
The world financial system is on the "brink of systemic meltdown", the head of the International Monetary Fund warns.