The International Monetary Fund (IMF) has approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Egypt for about $12 billion to support the authorities’ economic reform programme.
Economic activity in the GCC region is projected to slow this year despite continued expansion in hydrocarbon output. However, non-oil growth could marginally increase next year, said an IMF report on regional economic outlook.
Global debt, currently at an all-time high of $152 trillion, could thwart the fragile economic recovery, the IMF warned on Wednesday, highlighting that reducing debt significantly will require fiscal policies that support economic activity.
Economic conditions in Iran are improving substantially in 2016-17, said the International Monetary Fund (IMF) in a concluding statement of its staff visit to the Islamic Republic.
Real GDP rebounded strongly over the first half o
Government ministers will discuss Egypt’s agreement with IMF, its impact on the country’s financial future and what it will mean for the average Egyptian at the upcoming Euromoney Egypt Conference in Cairo.
The 21st edition
More than a third of Arab banks have seen their business links with foreign banks shrink over the past four years because of pressures such as economic sanctions and concern about money laundering, according to a study published on Monday.
A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt fur
The International Monetary Fund said on Thursday it had reached a staff-level agreement with Egypt for a $12 billion three-year funding facility to support a government reform programme aimed at cutting the funding gap and improving the currency
Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund.
The Executive Board of the International Monetary Fund (IMF) has approved a $3.47 billion aid for Morocco.
The two-year arrangement will be under the precautionary and liquidity line (PLL) for SDR 2.504 billion (about $3.47 billio