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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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Banks are considering strategies to hang on to the loans long enough to extract some profit.
October 1st, 2019 - 07:00 GMT

Will Ankara’s Most Aggressive Decision Save the Banking Sector?

Interim strategic plan for Sudan aims to create a distinctive education system based on science and values.
September 29th, 2019 - 10:30 GMT

Sudan Gets $ 59.7 Million Grant to Improve the Education Sector

Though tax revenues went down last year, the government has no intention of imposing more taxes or increasing exiting ones.
September 26th, 2019 - 07:29 GMT

No New Taxes to Be Levied in Jordan

Turkey's new economic program, announced in September 2018, targets a current-account-deficit-to-GDP ratio this year of 3.3%.
September 24th, 2019 - 07:27 GMT

IMF: Turkey Won't Go into Recession in 2019

The pickup in non-oil activities is also reflected in the rise in the Purchasing Managers' Index, which reached an average of 58.2 in Q2 2019.
September 23rd, 2019 - 06:34 GMT

UAE's Economy to Grow 2.4 Percent in 2019 Due to Non-Oil Sector

Saudi Arabia and the IMF have been working continuously to improve official statistics
September 19th, 2019 - 12:00 GMT

IMF: Saudi Arabia Subscribes to Special Data Dissemination Standard

Financial inclusion should be given great attention by the central banks
September 18th, 2019 - 12:00 GMT

IMF: Arab Countries Need to Provide More than 28 Million Jobs in 7 Years

Moody's downgraded Lebanon's rating to Caa1 in January.
September 12th, 2019 - 06:30 GMT

Lebanon Draft 2020 Budget Deficit Lower Than 2019’s

Egypt is approaching the end of an IMF-backed economic reform program that during 2017 saw inflation rise to a high of 33%.
September 11th, 2019 - 06:47 GMT

Egypt's Inflation Rate Plummets to 7.5 Percent, Lowest in Years

The report pointed out that the structural reforms undertaken by the government.
September 11th, 2019 - 06:24 GMT

IMF Projects 2.9 Percent Non-Oil Growth in Saudi Arabia

Changes to income tax would be procedural, and no changes would be made to overall tax policy or tax rates.
September 10th, 2019 - 06:28 GMT

Egypt to Simplify Tax Procedures to Boost FDI

Crisis has negative impact on emerging markets perception, but also carries lessons, opportunities for Turkey.
September 8th, 2019 - 10:10 GMT

Argentina's Crisis Might Be an Opportunity for Turkey

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