While Greece has failed to meet the budget requirements mandated by the EU and the IMF, experts say eurozone leaders will likely continue to bailout the country because the costs of letting it go are far greater.

The GAB and NAB are credit arrangements between the IMF and a group of members and institutions to provide supplementary resources of up to SDR 34 billion (about US$50 billion) to the IMF to forestall or cope with an impairment of the international monetary system or to deal with an exceptional situation that poses a threat to the stability of that system. Separately, Japan has agreed to lend the Fund up to US$100 billion (about SDR 68 billion) as a measure to help overcome the current global economic and financial crisis.

Report assesses global financial markets.

Despite global market fears of a U.S. credit downgrade, U.S. treasuries will remain the safest bet for international investors, says global economics expert Kent Hughes.

While a last-minute deal was able to raise the U.S. debt ceiling ahead of default, global investors are frustrated by the unnecessary brush with crisis and by the culture of U.S. political brinkmanship. The long-term impact on U.S. treasuries is unclear.

Sebastian Mallaby is unconvinced by the thesis of Jeff Madrick's Age of Greed, a history of American banking since the 1970s.

Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses fragility in the global economy and how the IMF can mitigate international financial crises.

This meeting was part of the C. Peter McColough series on International Economics.

Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses fragility in the global economy and how the IMF can mitigate international financial crises.

This meeting was part of the C. Peter McColough series on International Economics.

Christine Lagarde, managing director of the International Monetary Fund (IMF), discusses fragility in the global economy and how the IMF can mitigate international financial crises.

This meeting was part of the C. Peter McColough series on International Economics.

Amity Shlaes urges Christine Lagarde to emphasize clarity over comity in discussing the future of the euro.

With the deadline looming for resolving the U.S. debt standoff, concern is rising among international creditors and markets about the largest economy and home of the world's reserve currency.

Peter Orszag urges policymakers to take measures that both create jobs now and reduce the deficit later.

The International Monetary Fund, both criticized and lauded for its efforts to promote financial stability, finds itself again in the forefront of global economic crisis management. This Backgrounder examines the Fund's history and role.

New IMF Managing Director Christine Lagarde has to move quickly to establish independence from the European authorities who got her the job, enhance the IMF's legitimacy, and display her ability to manage the fund, says CFR's Steven Dunaway.

Many economists argue that global financial imbalances fueled the recent recession. To prevent future crises, world leaders are trying to even out the balance sheet.

Michael Spence surveys the rocky road to recovery that lies ahead of both advanced and emerging economies.

Nicky Oppenheimer, chairman of De Beers, discusses how business can contribute to sustainable growth and development on the continent, as well as the importance of diversifying Africa's economic base.

This meeting is sponsored by the Council on Foreign Relations Corporate Program.

Sebastian Mallaby wants regulators to show more courage by demanding higher capital requirements for large banks.

Michael Spence emphasizes the importance of a fair and open selection process in choosing the IMF's next leader.

Sebastian Mallaby contends Christine Lagarde's bid to run the International Monetary Fund will endanger the legitimacy and independence of the institution.