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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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The government announced in 2014 adopting a strategy to cut fuel subsidies that already eats up 20 percent of the state budget. (File photo)
November 6th, 2016 - 05:11 GMT

Egypt hikes fuel prices up to 47 percent

A wholesale Islamic investment bank regulated by the Central Bank of Bahrain, Ibdar Bank is engaged in real estate, private equity, capital markets and investment advisory activities. (Trade Arabia)
October 24th, 2016 - 05:00 GMT

Bahrain's Ibdar Bank buys $78M prime housing complex in Maryland, US

Egypt is currently reviewing eligibility for a smart card system through which low income Egyptians access state-subsidised food. (File photo)
October 20th, 2016 - 09:00 GMT

Egypt mulls reintroduction of subsidies for vulnerable groups

Mass protests hit Egypt earlier this year following a controversial deal transferring two Red Sea islands from Egypt to Saudi Arabia. (AFP/File)
October 20th, 2016 - 08:00 GMT

Egypt rounds up 17 alleged Brotherhood members for calling for protests Nov. 11

The fundamental challenge for the GCC states is that they have to diversify their economies as well as create new job opportunities in non-oil sectors. (File photo)
October 20th, 2016 - 06:00 GMT

Is personal income tax the next step in GCC fiscal reform?

The Egyptian government agreed earlier this month to issue international bonds worth $3-5 billion. (File photo)
October 19th, 2016 - 04:39 GMT

Only $6B to go: Egypt pushes to meet IMF funding requirements


Low commodity prices, political uncertainty and weak foreign investor interest is weakening major African economies. (Wikimedia Commons)
October 18th, 2016 - 12:00 GMT

Out of Africa: Emirates curbs flights to the Dark Continent due to economic challenges

The source of the loan was split between  the International Bank for Reconstruction and Development and the World Bank. (File photo)
October 13th, 2016 - 05:00 GMT

Jordan inks exceptional $300M World Bank loan

Lagarde explained that there is “still a little bit of implementation” to be completed before the IMF board can meet with regards to both exchange rate and to subsidies. (AFP/File)
October 10th, 2016 - 07:00 GMT

Almost there: Egypt's pre-requisites for IMF loans nearly fulfilled

Egypt announced additional tenders for 665,000 tonnes of gasoil and 132,000 tonnes of gasoline for November arrival, levels that could suggest a protracted delay of Aramco products. (Shutterstock)
October 9th, 2016 - 08:30 GMT

Halted Saudi oil deliveries leave Egypt scrambling for tenders

An IMF report on the UAE economy says that the quality of loans taken by households — a measure of financial strain for home buyers — has improved. (Shutterstock)
October 5th, 2016 - 11:00 GMT

Dubai's softening real estate values open opportunities to get on property ladder

The CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)
October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction

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