Browsing: IMF

 CAIRO: Egypt secured an additional $5 billion in loans from the International Monetary Fund on Wednesday after the central bank raised interest rates and allowed the pound to plunge in value by nearly 40 percent.

Argentina is in talks with the IMF over a new aid program designed to accelerate the process of exiting from capital controls, Bloomberg reported on Thursday, citing a senior government official. 

According to the report, current trends “undermine income convergence and increase the vulnerability of economies to external shocks”

Egyptians anticipate a significant influx of foreign currency in the coming days after Egypt signed its largest-ever direct foreign investment deal with the UAE’s ADQ company.

WASHINGTON: Talks with Egypt to boost its International Monetary Fund loan program are making excellent progress, the IMF said on Thursday, saying that Egypt needs a “very comprehensive support package” to deal with economic challenges, including pressures from the war in Gaza.

A senior official with the fund has called for an assessment of the legal grounds before the immobilized reserves are seized

IMF revised upward its forecasts for Russian GDP growth in the January update to the report on global economic growth prospects, Gita Gopinath noted

RIYADH: The Arab region’s role in developing the global economy is rapidly increasing as the world witnesses significant changes, said the head of the International Monetary Fund. 

The UN global financial agency said in a recent report that the inclusion of complex manufacturing in its expanding industrial base will enable Oman’s eventual entry into global value chains, with resultant benefits in the form of technology inflows, high-value exports, and job growth

Kiev hopes to unlock money from the Washington-based institution even if the Senate aid package remains stalled