Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Tag : IMF
Bahrain and UK review regional tensions and economic risks
MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and...
India forex reserves hit record $728.49bn on RBI data
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the...
UAE President meets IMF Managing Director in Abu Dhabi
MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at...
IMF to cut surcharges for member countries starting November 1
The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and...
IMF provides $24B in interest-free loans to low-income countries during pandemic
The International Monetary Fund (IMF) has provided over $24 billion in interest-free loans to more than 50 low-income countries since...
A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than...
Debt forgiveness by late 2023, IMF staff agreement with Somalia
A team from the International Monetary Fund (IMF) reached an agreement with Somalia that will allow the release of about...
Asian central banks have been urged by the IMF to tighten policy further
The International Monetary Fund has stated that most Asian central banks must tighten monetary policy further. This is because rising...