Egypt secures $1 billion World Bank reform support
Egypt gains new World Bank funding to boost private sector jobs, strengthen fiscal stability and support greener growth goals nationwide....
Tag : IMF
Bahrain and UK review regional tensions and economic risks
MANAMA: Bahrain and the United Kingdom said after meetings in Manama that they had reviewed regional and international developments, with both sides emphasizing the security and economic fallout from the current crisis and the need to support...
South Korea FX reserves fall in March on stronger dollar
SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday....
India forex reserves hit record $728.49bn on RBI data
MUMBAI: India’s foreign exchange reserves rose to a record $728.494 billion in the week ended Feb. 27, according to data released by the Reserve Bank of India on Friday. The stockpile increased $4.885 billion from $723.608 billion a...
UAE President meets IMF Managing Director in Abu Dhabi
MENA Newswire, ABU DHABI: UAE President Sheikh Mohamed bin Zayed Al Nahyan received Kristalina Georgieva, Managing Director of the International Monetary Fund, at Qasr Al Shati in Abu Dhabi on Monday, as the two sides discussed areas of...
IMF says India’s growth resilient with inflation stable
India’s economy grows 6.6% in FY 2025-26, IMF says, with inflation stable and domestic consumption powering expansion....
EU confirms macro-financial aid for Egypt and Jordan
EU Parliament approves €4B for Egypt and €500M for Jordan to support reforms and economic stability....
IMF reduces annual borrowing costs for members by 36 percent
The IMF has reduced member borrowing costs by 36%, cutting annual surcharges by $1.2 billion. Five countries, including Argentina and Egypt, will benefit from the new policy starting November 1....
IMF provides $24B in interest-free loans to low-income countries during pandemic
The International Monetary Fund (IMF) has provided over $24 billion in interest-free loans to more than 50 low-income countries since the COVID-19 pandemic. The resource adequacy of the Poverty Reduction and Growth Trust (PRGT), Resilience...
A third of world economies will be in recession by 2023 – IMF chief
The International Monetary Fund (IMF) chief Kristalina Georgieva warns that this year will be tougher on the global economy than last year. In a CBS Sunday interview, she said the US, EU, and China are...