Thursday 25 August 2016
 
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IMF

In Egypt, IMF deal brings austerity few can afford

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

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IMF agrees $12bn funding deal with Egypt

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

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Sisi warns of harsh and tough measures to fix economy

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.

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$3.5bn IMF aid for Morocco

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

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IMF approves $5.3bn standby arrangement for Iraq

The International Monetary Fund said its executive board approved a new three-year, $5.34 billion standby arrangement for Iraq to support Baghdad's efforts to deal with lower oil prices and ensure debt sustainability. The IMF

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EU leaders tell Britain to exit swiftly, markets steadier

European leaders told Britain on Tuesday to act quickly to resolve the political and economic confusion unleashed by its vote to leave the European Union last week, after the IMF said the uncertainty could put pressure on global economic growth.

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UAE banks reception alongside Wold Bank, IMF meets

UAE’s Ministry of Finance (MoF), in collaboration with the UAE Central Bank and Dubai International Financial Centre (DIFC), will organise the UAE Banks reception alongside the upcoming International Monetary Fund (IMF) and World Bank annu

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Gulf states must cut deficits to keep pegs: IMF

Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the six members of the GCC

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Iraq plans $2bn bond sale end by 2016-end

Iraq expects to sell $2 billion in eurobonds in the last quarter of the year, when international aid starts coming in, helping lower its cost of borrowing, Finance Minister Hoshiyar Zebari said. The Opec nation expects to receive

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IMF expands Mexico credit line to $88bn

The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility. The fund said it c

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