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Lebanon's Parliament, on Friday, suspended talks on the 2022 budget after a walk-out by lawmakers sent attendance below quorum, further delaying efforts to complete requirements to access IMF funds...
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The International Monetary Fund said on Thursday that a staff mission will visit Lebanon next week to discuss ways to "speed up" implementation of agreed reforms required for an...
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The Tunisian General Labour Union (UGTT) has announced the "failure" of negotiations with the government to increase the wages of public sector employees. The influential union said that the...
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Blog
September 8, 2022
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Reuters
Five months after Lebanon's draft IMF deal raised hopes it could finally pull together an economic reform plan to address its financial meltdown, political and financial elites are obstructing...
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The budget deficit in Tunisia declined 75 per cent during the first half of 2022, amid an increase in the country's fiscal revenue. This was revealed according to data...
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The IMF said, in a statement issued on Tuesday, following a 12-day visit to the Palestinian Territories that the local economy grew in 2021 by 7.1 per cent, and...
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Blog
August 26, 2022
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Usman Masood
The IMF and the World Bank nudged the relatively closed countries towards greater capital account liberalisation over the last few decades, sometimes pushing them using stern conditionality. Now, when...
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Gulf Arab States are set to provide Pakistan with a total of around $4 billion to help alleviate its severe financial crisis. According to the news outlet, Bloomberg, the...
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The Pakistani army is to provide security at the upcoming FIFA World Cup in Qatar at the end of this year after the country's federal cabinet approved a draft...
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Lebanese parliament speaker Nabih Berri said on Saturday he would not call for a session to elect a new president until the legislature passes reforms that are preconditions for...
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The International Monetary Fund (IMF) said on Friday it had held productive discussions during a staff visit to Egypt on economic policies and reforms to be supported by an...
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Governments in the Middle East must implement modern and fair tax systems to meet challenges such as hiking spending to protect the poor from issues including soaring food and...
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Lebanon's top finance lawmaker said Prime Minister designate, Najib Mikati, had verbally proposed "very serious" changes to a recently adopted plan to revamp the collapsed financial sector, in a...
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A delegation from the International Monetary Fund will visit Tunisia on Monday to start negotiations over a loan programme, a Central Bank official told Reuters on Friday. This follows the...
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Lebanon's Najib Mikati was named Prime Minister on Thursday, urging fractious politicians to set aside differences to secure an IMF deal which he said was the only chance to save the...
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All international flights to and from Tunisia will be cancelled tomorrow due to a national public strike called by the powerful Tunisian General Labor Union (UGTT), a union official told Reuters today....
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Tunisia's powerful labor union on Saturday reiterated its rejection of conditions proposed by the International Monetary Fund (IMF) for reforming the country's economic sectors, Anadolu Agency reports. "We will...
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The International Monetary Fund (IMF) has picked a resident representative for Lebanon, the multilateral lender's spokesman, Gerry Rice, said on Thursday, Reuters reports. Rice, who did not specify who...
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Saudi Arabia and the United Arab Emirates have refused to lend money to Pakistan until it secures funding from the International Monetary Fund (IMF) first, marking a new precedent...
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Lebanon's government and its central bank have committed human rights violations by impoverishing people through the "callous destruction" of the country's economy, an independent United Nations report said today, Reuters reports....
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A report by a risk consultancy has said that rising fuel and food prices are set to stoke a rise in civil unrest in developing middle income countries, with...
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Since the Ukrainian war began a surge in oil and food prices has boosted the Saudi oil giant while leaving consumers less inclined to spend on non-essential products including technology
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Egypt will delay the planned offering of shares on the stock exchange of a number of state companies until after the summer vacation, Public Enterprise Minister Hisham Tawfik told Reuters on Saturday. The government...
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UN Secretary-General Antonio Guterres said on Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to...
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A set of reforms the IMF wants Lebanon to enact before approving a funding deal for the country will largely be left for a new parliament to study, an...
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The International Monetary Fund (IMF) said, on Thursday, it had reached a staff-level agreement with Lebanon for a four-year extended fund facility that would, however, only get full approval...
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A Tunisian delegation will travel to Washington on 18 April for a week of talks with the International Monetary Fund (IMF), Economy Minister Samid Saied said yesterday. Saied added...
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The Central Bank of Morocco, the Foreign Exchange Authority and the Capital Market Authority have called on Moroccans to comply with laws that prohibit the use of cryptocurrency. The...
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The Ukrainian embassy in Cairo has said that Russia is blocking the movement of a ship filled with wheat from Ukraine bound for Egypt. According to UkrAgroConsult, the ship carrying...
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Seven human rights organisations have called on the International Monetary Fund (IMF) to link the new loan being negotiated with Egypt to the government granting more economic and social...
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The International Monetary Fund (IMF) said on Wednesday that Tunisia must take a series of measures to reduce the budget deficit and revive the economy, Anadolu has reported, including...
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Article
March 25, 2022
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Osama Gaweesh
Monday, the Central Bank of Egypt decided, in a special meeting, to raise the overnight interest rates for deposits, lending and primary operations with 100 points (1 per cent)...