Governors of Arab Group meeting held at IMF

Governors of Arab Group meeting held at IMF

(Kuwait) – Meeting of the Governors of Arab Group at the International Monetary Fund was held alongside the annual meetings of Arab Financial Institutions in Kuwait. The meeting of the Governors of the Arab Group at the IMF addressed several topics, including the importance for the Executive Director to update members of the Arab Group […]

IMF to disburse US$200m in loan for Jordan

IMF to disburse US$200m in loan for Jordan

(Amman) – A loan of US$200 million for Jordan will be disbursed by the International Monetary Fund, IMF, under the Stand-By Arrangement (SBA) after the IMF Executive Board’s approval of the sixth review of the country’s economic performance, announced the IMF following discussions with the Jordanian government. “In view of the Jordanian authorities’ commitment to […]

$17 billion aid deal for Ukraine: IMF

$17 billion aid deal for Ukraine: IMF

The International Monetary Fund (IMF) approved a $17 billion aid deal for Ukraine, even as Kiev fought to prevent pro-Moscow separatists from grabbing another chunk of the country. Greenlighting a rescue programme for an interim government, which took power after an uprising two months ago, IMF chief Christine Lagarde said it was crucial to strengthen […]

IMF pushes World to do more on Growth Target

IMF pushes World to do more on Growth Target

(Washington, DC) – The International Monetary Fund (IMF) has urged nations around the world to move ahead more quickly on policies needed to secure a stronger recovery and avoid a prolonged global slump. In a “Global Policy Agenda” for the world’s economies, the IMF outlined a long list of tasks that remain incomplete, from reining […]

G20 vows to add $2tr to World Economy

G20 vows to add $2tr to World Economy

(Sydney) – The world’s biggest economies vowed to boost global growth by more than $2 trillion over five years, shifting their focus away from austerity as a fragile recovery takes hold. Finance ministers and central bank governors from the Group of 20, which accounts for 85 per cent of the world economy, also agreed to […]

UAE Minister Chairs Arab Group at IMFC’s Meeting

UAE Minister Chairs Arab Group at IMFC's Meeting

(Washington D.C) – The UAE Minister of State for Financial Affairs, H.E. Obaid Humaid al-Tayer, met with a number of key global economic figures in meetings on the sidelines of the International Monetary Fund (IMF) and the World Bank annual meetings in Washington D.C. The meetings were aimed at discussing the global economic recovery outlook, […]

Egypt nears $4.8b IMF Deal

Egypt nears $4.8b IMF deal

Egypt’s government is in the late stages of verifying its economic reform programme with the International Monetary Fund before obtaining a $4.8 billion IMF loan, its central bank governor said. The loan, needed to help stabilise Egypt’s balance of payments and state finances, has been under discussion for two years but agreement has repeatedly been […]

IMF cuts World Growth Forecast

IMF cuts World Growth Forecast

(Washington) – In its newest assessment of the global economy, the International Monetary Fund said world output would expand by 3.3 percent this year, compared to the 3.5 percent it predicted in January. This has left the pace of the world economic expansion virtually flat from 2012’s 3.2 percent, with slower-than-expected growth in the United […]

IMF warns Britain to support growth

IMF warns Britain to support growth

(London) – The International Monetary Fund said Britain may need to further slow the pace of its tough austerity measures to lift the country’s growth amid the risk of a major eurozone “shock”. “Fiscal easing and further use of the government’s balance sheet should be considered if downside risks materialise and the recovery fails to […]

Sheikh Abdullah receives IMF Official

Sheikh Abdullah receives IMF official

(Abu Dhabi) – Foreign Minister of UAE, Sheikh Abdullah bin Zayed Al Nahyan received Masood Ahmed, Director of the IMF’s Middle East and Central Asia Department at the International Monetary Fund. Both the leaders discussed a number of topics related to IMF, as well as current efforts to maintain financial and fiscal stability.

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