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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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Cigarettes will be taxed at a fixed rate of 50 percent of the pack's consumer price in addition to price increases.
September 4th, 2016 - 05:18 GMT

VAT in Egypt: A guide to taxed and exempted goods

More than 6,000 tax dispute cases worth about 47 billion Egyptian pounds are in the court system, in addition to 150 civil disputes. (AFP/Asmaa Waguih)
August 31st, 2016 - 07:00 GMT

Egypt to streamline procedures for tax dispute settlements

The government originally proposed the tax rate to be 14 per cent but agreed to comprise the rate by one per cent to meet the demands of MPs calling for a lower rate. (Wikimedia Commons)
August 29th, 2016 - 11:00 GMT

Egypt's lawmakers agree on 13 percent VAT rate

Egypt's President Sisi and the UAE's Mohammed bin Zayed Al Nahyan during the latter's visit to Cairo in April 2016. (File photo)
August 23rd, 2016 - 12:30 GMT

UAE offers $1B to Egypt's Central Bank

A woman stands in line for subsidised bread. (AFP/File)
August 21st, 2016 - 10:00 GMT

Egypt-IMF deal brings in tough austerity measures

Subsidising electricity generated from oil and gas has made potential growth in the renewable energy sector falter. (Shutterstock)
August 18th, 2016 - 09:00 GMT

Egypt electricity price hikes: A bitter pill to swallow

Egypt has requested $1B from the UAE as part of $2 billion financial aid promised by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed during his visit to Cairo a few months ago. (File photo)
August 17th, 2016 - 01:09 GMT

Egypt looks to Arabia for another $5B in aid

Austerity measures were inevitable with or without the IMF loan. (File photo)
August 14th, 2016 - 06:00 GMT

Egypt's $12B IMF loan: Long-term benefits disputed

The IMF says it has reached an initial agreement with Egypt for a $12 billion loan over three years. (AFP/File)
August 11th, 2016 - 12:28 GMT

Egypt obtains initial $12bn deal with IMF to cover next three years

Egypt is implementing several reforms to wean the population off a decades-old, costly subsidy program. (Shutterstock)
August 9th, 2016 - 07:00 GMT

Egypt to hike electricity prices by 40 percent to phase out subsidies

10-year US Treasury yields have climbed by almost 25 basis points from their trough of two weeks ago. (File photo)
August 4th, 2016 - 10:00 GMT

Low yields and high equities wont last

Investors monitor stocks at Saudi Arabia's National Commercial Bank. (AFP/File)
August 2nd, 2016 - 08:00 GMT

Stock markets improve for Gulf while Egypt weakens

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