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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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Dubai’s price increases so far have been built on solid fundamentals such as trade and tourism. (Image credit: Shutterstock)
November 20th, 2013 - 06:24 GMT

The average home in Dubai costs $1.4 million USD

The deals mark another statement of intent to pay down debts, the FT report said, adding that the IMF estimates that Dubai has $85 billion of debt that will mature by 2017.
November 20th, 2013 - 03:55 GMT

Shocking! Atlantis Hotel to be sold for debt repayment

“If they want a footstep into Iraq, Erbil is the perfect place, because it’s secure,” however Asad did mention the Downtown Erbil development will undoubtedly create inflation in the area, as listed prices are already considerably higher than similar developments in the area.
November 19th, 2013 - 03:55 GMT

Why did Emaar choose to splash billions on Irbil, Kurdistan?

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.
November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?

Iraq's GDP growth has been driven by oil. (Image credit: Shutterstock)
November 17th, 2013 - 07:01 GMT

Iraq's GDP growth to reach 6.4% in 2014

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.
November 14th, 2013 - 11:29 GMT

Yikes, IMF lowers MENA growth forecasts

The 2014 stimulus package is supposed to be similar to the 2013 one released by the Central Bank (Marwan Tahtah/Al-Akhbar English)
November 14th, 2013 - 08:02 GMT

Will Lebanon's $800 million stimulus actually revitalize the country's economy?

UAE's banking sector has recovered from the 2009 credit crunch.
November 14th, 2013 - 06:29 GMT

The two factors that will continue to drive the profitability of UAE's banks

Lower oil demand and increased spending could push the GCC into a fiscal deficit. (Image credit: Shutterstock)
November 13th, 2013 - 05:25 GMT

Is the GCC spending its way into a fiscal deficit?

Egypt and the IMF have had a sometimes tense relationship because of national pride and the international lender's efforts to persuade Cairo to undertake politically sensitive economic reforms such as subsidy cuts.
November 13th, 2013 - 03:55 GMT

IMF to Egypt: I'm available and still interested

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)
November 12th, 2013 - 01:06 GMT

IMF warns Arab oil states of projected deficits by 2016

Inflation in Iran is at a staggering 39%. (Image credit: Shutterstock)
November 12th, 2013 - 06:00 GMT

IMF and Iran meet to discuss measures to curb inflation

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