IMF

Tunisia's government has proposed a ten per cent cut in the civil servants' wage bill, Secretary General of the Tunisian General Labour Union (UGTT), Noureddine Taboubi, announced yesterday. "The...

Turkey will never leave its political and economic future to the "prescriptions" of global economic institutions like the IMF, the country's president vowed on Wednesday, Anadolu News Agency reports....

Lebanon has yet to give the IMF its estimate of losses in the financial system as discussions on the issue continue, but is working hard to sign a memorandum...

Lebanon's new government aims to make progress towards starting full negotiations for an IMF deal by the end of this year or early next year, but is not expecting...

The International Monetary Fund has been in contact with Tunisian authorities after a new cabinet was formed last week, and more talks are expected soon on the type of...

The International Monetary Fund (IMF) has offered new financing to the Middle East and North Africa worth $16.6 billion to overcome the COVID-19 crisis, Anadolu reported yesterday. According to the report,...

Lebanon's President Michel Aoun today asked Lazard to continue its financial advisory role in preparation for a resumption of talks with the International Monetary Fund (IMF), Reuters reports. Aoun made his...

On a recent afternoon, Lebanese cryptocurrency trader Mario Awad was sorting out the details of a $2 million deal with a high-profile customer – complete with a hotel stay...

Lebanon's parliament began a session on Monday to discuss the new cabinet's policy programme and hold a vote of confidence, but proceedings were delayed by almost an hour due...

Lebanon's cabinet yesterday approved a policy programme that aims to tackle one of the worst financial meltdowns in history, Reuters reports. With Lebanon in the throes of economic collapse, three quarters...

Lebanon will sign a new contract for a forensic audit of the central bank with Alvarez & Marsal (A&M) within days, the outgoing Finance Minister Ghazi Wazni said today,...

The International Monetary Fund (IMF) said yesterday that it expects Oman's economy to recover this year with a projected growth of 2.5 per cent, spurred by non-hydrocarbon GDP growth...

Lebanon's caretaker minister of social affairs today announced the launch of cash subsidy cards for 500,000 families saying that negotiations were under way for them to be partly funded...

At the Sidi Bahri market in Tunis, shoppers were pleased with the president's attacks on corruption and high prices since he seized control of the government last month in...

A year has passed and Lebanon still has no government. A week feels like a year, and a year feels like a constant reminder of the decades-old problems Lebanon...

Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, announced yesterday that Lebanon will receive $860 million from the IMF's Special Drawing Rights (SDR) Fund, to  strengthen the...

Sudan's annual inflation rate rose to 412.75 per cent in June, up from 378.79 per cent in May, according to state news agency SUNA. The latest spike was as a...

Algerian Prime Minister Abdelaziz Djerad said yesterday that his country has refused to borrow money from the IMF in order not to undermine its sovereignty, Anadolu reported. The PM said that his government...

IMF member countries have agreed to clear Sudan's arrears to the institution, France's president said yesterday, removing a final hurdle to the African nation getting wider relief on the...

Saudi Arabia will press Sudan's creditors to reach a broad agreement to reduce the African country's $50 billion-plus debt pile, said a Saudi official who will be directly involved...

The International Monetary Fund head on Thursday warned that policy support provided as part of measures to combat the COVID-19 pandemic should be withdrawn very carefully, saying countries need...

46.5% of the country's population lives below the poverty line and calls are increasing for the UK to grant Sudan a debt amnesty

Just 18 months have passed since mass protests against Lebanon's political class brought down one government, and nearly eight more months since a huge explosion destroyed the port of...

Lebanon's Prime Minister-designate Saad Al-Hariri said today after meeting with President Michel Aoun that the priority was to form a government to halt the country's financial collapse and re-start...

Egyptian subsidies on petroleum products dropped by about 45 per cent in the first half of the current financial year 2020-21, the petroleum minister announced yesterday. Tarek El-Molla said...

The International Monetary Fund (IMF) has said that Tunisia "need to lower the wage bill and limit energy subsidies while prioritizing health and investment expenditure and protecting targeted social...

The economies of countries in the Middle East and North Africa (MENA) region will grow by 3.1 per cent during 2021, compared to 2020's 3.8 per cent contraction due...

Lebanon's central bank governor said the dollar peg is "finished" in an interview with France24 last week. Riad Salameh, 70, who has headed Lebanon's central bank since 1993, told the French...

There is more bad news for the Gulf economy following reports that the UAE will likely suffer a deeper economic contraction this year than previously estimated. This follows a...

The International Monetary Fund (IMF) approved the release of $1.67bn in financial aid to Egypt on Friday over fears COVID-19 is threatening its economic recovery, The New Arab reported....

The Executive Board of the International Monetary Fund (IMF) has said that Jordan's "monetary policy should remain supportive given the still-fragile economy" calling for more efforts "to preserve stability...

Human Rights Watch (HRW) called on the International Monetary Fund (IMF) to ask the Egyptian government to disclose the financial information of companies owned by the military before disbursing...