Christine Lagarde

It which focuses on free trade benefits at a time when a large number of countries advocate protectionism, the Serbian government announced.

In an introductory address to the guests, Michael Bloomberg stressed the importance of linking in business and said that today, more than ever, it is crucial to build bridges, not walls.

The head of Greece's  Independent Authority for Public Revenue admitted on Monday that tax authorities can no longer investigate the so-called Lagarde list for possible tax evaders, following two decisions by the Council of State last year.

In June 2017, the administrative court ruled any tax audits conducted that stretch back beyond a five-year limit are unconstitutional.

IMF Managing Director Christine Lagarde said on Saturday that a proposed joint euro zone budget could be designed with conditions so that it does not become a no-strings-attached transfer of rich countries’ cash to poorer members.

Christine Lagarde, Managing Director of the International Monetary Fund, commended Greece and its European partners for completing the country's final bailout review and but expressed reservations about the long-term outlook for the country's debt.

Below is the full statement by Lagarde:

The International Monetary Fund welcomed on Friday a deal on debt relief for Greece reached by Athens' eurozone creditors saying it will improve debt sustainability in the medium term, but maintained reservations on the long term.

One way or another, the International Monetary Fund will remain committed to Greece, IMF Managing Director Christine Lagarde stated on Monday.

Speaking in Berlin after her meeting with German Chancellor Angela Merkel, the IMF chief added that the terms of the Fund's engagement in Greece will probably become clearer after June 21.

Escalating trade tensions are posing an increasing threat to the global economy, the head of the International Monetary Fund has warned.

"The clouds on the horizon ... are getting darker by the day," IMF Managing Director Christine Lagarde said at a news conference in Berlin on Monday.

International Monetary Fund chief Christine Lagarde led an attack by global economic organizations on U.S. President Donald Trump's "America First" trade policy on June 11, warning that clouds over the global economy "are getting darker by the day."

The International Monetary Fund will remain engaged in Greece in some form, which will most likely become clearer after a June 21 meeting of the Eurogroup of eurozone finance ministers, IMF chief Christine Lagarde said on Monday.

"We are considering all the options," Lagarde told a news conference with chiefs of other leading economic organizations in Berlin.

Even though no officials have publicly said so, it is now certain that the International Monetary Fund will not participate in the Greek bailout program with funding.