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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's current foreign reserves stand at $16.564 billion, still less than half of the foreign reserves Egypt had before Hosni Mubarak's removal when they were almost $36 billion.   (File photo)
October 3rd, 2016 - 04:23 GMT

Egypt braces itself for possible pound devaluation

The increase in prices for kerosene and diesel is around 2.4 per cent, and around 3.6 per cent for gasoline.  (File photo)
October 2nd, 2016 - 07:00 GMT

Jordan raises fuel prices

An ECESR economist argues that the same economic structural problems persist, and the IMF adopts more or less the same approach towards countries as it did back in 1991.   (AFP/File)
September 25th, 2016 - 08:30 GMT

History repeats itself: Amid mounting loans, does Egypt have an economic vision?

A high-ranking Yemeni ministerial official said the decision to relocate the Central Bank was made in consultation with the UAE and Saudi Arabia. (File photo)
September 19th, 2016 - 09:00 GMT

Yemen Central Bank headquarters to relocate from Sanaa to Aden

Physical infrastructure damage, now estimated at $137.8 billion in Syria and more than $20 billion in Yemen, represents a long-term challenge for policy makers. (AFP/File)
September 18th, 2016 - 10:00 GMT

IMF report details the crippling economic effects of conflict in MENA

Air France -KLM will maintain its presence in the Egyptian capital, with Air France operating six weekly flights out of Paris. (Wikimedia Commons)
September 18th, 2016 - 05:30 GMT

KLM to suspend flights to Cairo from January 2017

A 60 per cent plunge in sales was recorded this year, as shoppers forego clothes to meet school fees and other living expenses. (Jordan Times/Muath Freij)
September 15th, 2016 - 06:06 GMT

Eid clothing sales in Jordan drop to lowest level in ten years

A recent government report revealed that the severe liquidity problem is due to the increased bank withdrawals and money stored outside the bank system. (File photo)
September 15th, 2016 - 05:43 GMT

Yemen's liquidity crisis leaves 1.25 million employees unpaid

A general view shows a Syrian refugee camp in Azraq in northern Jordan, on September 9, 2016. (AFP/Khalil Mazraawi)
September 11th, 2016 - 11:00 GMT

Minister: Jordan at ‘saturation point’ in dealing with refugee crisis

The money will be used to “create job opportunities and improve citizens’ living standards,” according to Minister of International Cooperation Sahar Nasr. (File photo)
September 11th, 2016 - 04:13 GMT

Egypt receives first payment of $3B World Bank loan

A research paper published by the International Monetary Fund (IMF) said that inequality is the “defining challenge” of economies worldwide. (Wikimedia Commons)
September 8th, 2016 - 11:25 GMT

Income inequality: How does your country fare when measuring the rich-poor divide?

There has been a recent surge in the number of bank defaults and incidents of fleeing expatriate businessmen in the absence of a legal framework on debt restructuring and bankruptcy. (Shutterstock)
September 5th, 2016 - 07:00 GMT

New UAE bankruptcy law will make business environment more investor-friendly

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