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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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Recently, members of Oman’s Shura Council called for fuel prices to be fixed annually instead of monthly and to help low income families afford fuel. (Shutterstock)
February 7th, 2017 - 05:28 GMT

Bring subsidies back? Call for 'fuel stamps' to help the poor in Oman

Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former ruler Hosni Mubarak. (AFP/Patrick Baz)
February 6th, 2017 - 11:00 GMT

Egypt’s foreign reserve expected to make a comeback by the end of January at $26 billion

In addition to electricity reform, the IMF report argued for increasing revenue with fuel taxation and called for legislation to increase private sector investment.  (Shutterstock)
February 1st, 2017 - 06:00 GMT

IMF calls for 'plausible policy mix' to reduce Lebanon's mounting debt

To meet its financing needs, Egypt has sought funding from a variety of sources, from development loans to foreign grants and aid. (Shutterstock)
January 30th, 2017 - 12:56 GMT

After success of $4B Eurobonds, Egypt considers yen and yuan

Lebanon’s banking sector is seen as the backbone of the country’s economy and the assets held by the lenders are more three times the size of economy. (AFP/File)
January 30th, 2017 - 08:00 GMT

Lebanon's big savers: Half of customer deposits held by less than one percent of depositors


To score business conditions, the index looked at the strength of the service sector, urbanisation, security, foreign investment, wealth distribution, and the levels of bureaucracy and regulation confronted by businesses.
January 25th, 2017 - 09:00 GMT

Gulf countries dominate top ten on emerging market logistics index

The bonds will be listed on the Luxembourg Stock Exchange. (AFP/File)
January 25th, 2017 - 06:25 GMT

Egypt gears up for triple-tranche Eurobond issue

Economic activity in the Kuwait's non-oil sector has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices.  (Shutterstock/Riyas.net)
January 22nd, 2017 - 07:00 GMT

Oil prices push Kuwait to seek financing for the first time since 1988: IMF

Render of the Central Bank of Iraq, designed by the late Iraqi-born architect Zaha Hadid. (Zaha Hadid Architects)
January 19th, 2017 - 06:00 GMT

Iraq closes $1B bond issue, guaranteed by US

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks.   (AFP/Patrick Baz)
January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt's President Abdel Fattah al-Sisi. (AFP/File)
January 17th, 2017 - 09:38 GMT

Egypt’s Sisi announces cabinet reshuffling due ‘very soon’

Bread seller in Hurghada. (Shutterstock/Sergei Butorin)
January 17th, 2017 - 07:00 GMT

Moody's forecasts four percent growth for Egypt in 2017

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