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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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A sharp surge in basic and non-basic commodity prices began right after the flotation of the Egyptian pound in November. (File photo)
May 11th, 2017 - 11:12 GMT

Egypt's Inflation at Record-High Levels and Pound Flotation Is Only Making Things Worse

The World Bank confirmed that the third tranche of its loan to Egypt, worth about one billion dollars, is due in December 2017. (AFP/ Filippo Monteforte)
May 10th, 2017 - 06:00 GMT

Forever Indebted: Egypt Will Take Another $1-Billion Loan from World Bank in December

Tunisian demonstrators block the road with burning tires in the central city of Kasserine during protests, on 21 January, 2016, triggered by the death of an unemployed man. (AFP/ Mohamed Khalil)
May 9th, 2017 - 07:02 GMT

Tunisia Lost $17.8 Billion in Foreign Currency Between 2006-2016: Report

Speaking at a business forum in Berlin, Germany’s Chancellor said that preparing for the G20 summit was like ‘herding cats’ as officials attempt to reach a consensus among the group. (AFP/ E. Dunand)
May 9th, 2017 - 04:00 GMT

Germany's Angela Merkel Warns Against Protectionism Ahead of G20 Summit

An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former president Hosni Mubarak. (AFP/ Khaled Desouki)
May 1st, 2017 - 01:27 GMT

IMF, Egypt review conditions for second installment of $12B loan

IMF Managing Director Christine Lagarde. (AFP/File)
April 20th, 2017 - 01:25 GMT

IMF Raises Global Growth Forecast But Warns Against Protectionism

Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)
April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

With 2018 fast approaching, it is critical for businesses in the GCC to start planning now for the impending arrival of the new tax regime. (Pexels)
April 19th, 2017 - 10:16 GMT

5 simple steps for GCC businesses to get VAT-ready

Statistics show that electricity demand in the MENA region has been growing rapidly, driven by population growth and urbanization, industrialization, and low electricity prices. (Pixabay)
April 18th, 2017 - 02:53 GMT

MENA needs to invest over $300B to meet electricity demand

President Recep Tayyip Erdogan owes his success largely to the growth of the Turkish economy in the past decade, but he must keep in mind that more direct investment requires political stability and a reliable legal framework. (AFP/File)
April 18th, 2017 - 02:34 GMT

What does Turkey's referendum mean for foreign investors?

The introduction of a value-added tax in the GCC region may see inflation soar by as much as 1.4 per cent, but it is expected to generate $25 billion in annual tax revenue. (Pixabay)
April 18th, 2017 - 11:36 GMT

How will GCC's VAT rules impact commodities?

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