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World markets rose Thursday as investors grew more comfortable with riskier assets such as stocks after a pledge by the IMF to help stave off a financial crisis and as hopes rose for an agreement on the restructuring of Greece's debt.

The International Monetary Fund said Wednesday that it's aiming to increase its financial firepower by around $500 billion so it can give out new loans to help ease a worsening financial crisis.

The International Monetary Fund warned Tuesday that China's banks face growing risks that might hamper growth, adding to concern about the world's second-largest economy amid Europe's debt crisis.

IMF chief Christine Lagarde says Japan can increase the resources of the IMF if needed.

The International Monetary Fund says the global financial system is more vulnerable than at any point since the 2008 financial crisis.

France's Christine Lagarde becomes the first female managing director of the IMF, at a time of heightened global financial nerves.

Israel's central bank chief has applied to head the International Monetary Fund, the bank said Saturday, acknowledging that obstacles stand in his way.

Dominique Strauss-Kahn resigned late Wednesday as director of the International Monetary Fund, saying in a letter to the board: I deny with the greatest possible firmness all of the allegations that have been made against me.

May 17 -- Daniel Gros, director at the Centre for European Policy Studies, talks about the International Monetary Fund and European Union discussions over the financing of Greece's bailout.

The International Monetary Fund has cut its forecast of Japan's economic growth due to the country's devastating earthquake and tsunami.