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International Monetary Fund

International Monetary Fund latest

Argentina Won't Repay IMF Debt Until Recession Is Over
February 10th, 2020 - 09:38 GMT

Argentina Won't Repay IMF Debt Until Recession Is Over

Argentine Vice President Cristina Fernandez de Kirchner said the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession. “The first thing we have to do in order to be able to pay is to exit the recession,” Fernandez de Kirchner said at a presentation of her book “Sinceramente” (Sincerely) at Havana’s international book fair. “If there ...
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Egypt signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo in late December part of a $3 billion loan package to support Egypt’s economic reform programme. (AFP/File)
March 2nd, 2017 - 05:00 GMT

World Bank delegation to Egypt to follow up reforms progress

Authorities are already coping to provide services for Greater Cairo's 23 million residents and Egypt's 93 million plus population. (Shutterstock/Khemchanin)
March 1st, 2017 - 09:41 GMT

Cairo tipped to be world's fastest-growing city in 2017

The World Government Summit 2017 was organised in cooperation with the Prime Minister’s Office and the International Monetary Fund.  (AFP/File)
February 28th, 2017 - 08:00 GMT

IMF pushes fiscal consolidation, structural reforms for GCC growth

Jordanian women shout slogans as they protest in Amman on January 25, 2014. (AFP/File)
February 25th, 2017 - 08:00 GMT

Protests erupt across Jordan in response to government increasing sales taxes

Economic associations warn that any increase in taxes will lead to economic slowdown and to heavy recession due to the crises that hit the country in the past five years. (Shutterstock)
February 20th, 2017 - 08:00 GMT

Tax hikes will have negative effect on growth and investments: Lebanese economic associations

The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt.  (File photo)
February 16th, 2017 - 06:52 GMT

Lebanon: Proposal to raise taxes met with opposition

Egypt has pledged to eliminate its arrears to foreign oil and gas companies by the end of June 2019 and to not accumulate new arrears. (File photo)
February 15th, 2017 - 09:00 GMT

Egypt pledges to repay international oil debts

The Iraqi government is seeking to lower its international borrowing costs after the country was badly hit by the slump in oil prices. (Shutterstock)
February 14th, 2017 - 08:00 GMT

Trade Bank of Iraq plans second $1B bond issue

UK trade envoy to Egypt Sir Jeffrey Donaldson MP and the CEO of UK Export Finance Mr Louis Taylor in Egypt in 2016. (Gov.uk)
February 13th, 2017 - 11:00 GMT

UK’s 'biggest trade delegation to date' heads to Cairo

Once shunned in favour of prestigious foreign brands perceived to offer higher quality, Egyptian-made products are much more affordable for customers who are increasingly price-conscious. (Wikimedia Commons)
February 13th, 2017 - 05:16 GMT

Egyptians buy local as currency devaluation bites

U.S. President Donald Trump and Haley have criticized the United Nations for adopting a resolution in December that demanded an end to Israeli settlement building. (AFP/File)
February 12th, 2017 - 05:00 GMT

Palestinians call US decision to block appointment of UN envoy ‘blatant discrimination’

Egypt owes $3.5B  to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult. (File photo)
February 9th, 2017 - 10:00 GMT

Egypt repays $630M debt to Eni for Zohr gas field development

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