Sunday 29 May 2016
 
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IMF

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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IMF to extend Iraq $5.4bn loan

Iraq has reached a $5.4 billion standby agreement (SBA) with the International Monetary Fund that could unlock $15 billion more in international assistance over the next three years, Finance Minister Hoshiyar Zebari said. The loan

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IMF forum focus on diversification in GCC

The IMF Middle East Center for Economics and Finance (CEF), jointly with the Arab Fund for Economic and Social Development (AFESD), held a symposium that discussed the path to economic diversification in Kuwait and other GCC countries.

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IMF forum focus on diversification in GCC

The IMF Middle East Center for Economics and Finance (CEF), jointly with the Arab Fund for Economic and Social Development (AFESD), held a symposium that discussed the path to economic diversification in Kuwait and other GCC countries.

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UAE growth 'will pick up in medium term'

Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over the medium-term with expected improvements in oil prices and increased investment ahead of the World Expo2020 hosted in Dubai, an IMF expert ha

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IMF welcomes Bahrain reforms; seeks more

International Monetary Fund (IMF) has welcomed the substantial fiscal measures Bahrain has implemented, including on energy price reform, to safeguard macroeconomic stability. Nonetheless, additional efforts are needed to further

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Mozambique has over $1bn of hidden debt, says IMF

The International Monetary Fund (IMF) said on Saturday that Mozambique has admitted to having over one billion dollars of undisclosed debt and the two sides were now evaluating the implications of this disclosure. The IMF learned

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Mozambique has over $1bn of hidden debt, says IMF

The International Monetary Fund (IMF) said on Saturday that Mozambique has admitted to having over one billion dollars of undisclosed debt and the two sides were now evaluating the implications of this disclosure. The IMF learned

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IMF cuts global growth forecast yet again

The IMF recently revised down its forecast for global growth in 2016 for the fourth consecutive year, citing loss of growth momentum in advanced economies, the turbulence in financial markets and political and natural forces. The

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IMF pledges more support to spur global growth

International Monetary Fund managing director Christine Lagarde said the fund would do more in 2016 to help its members meet economic growth objectives, including devoting more resources to protect vulnerable countries.  

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