‘This … system, goes back to the beys who needed to keep their courtiers happy to maintain their rule’, analyst says.
IMF Managing Director Kristalina Georgieva on how the African Continental Free Trade Area could reduce extreme poverty.
IMF wants Cairo to privatise state assets and allow flexibility in its currency, Bloomberg report says.
Ishaq Dar says the UAE has informed the IMF that it will provide $1bn to the crisis-hit South Asian nation.
IMF’s 2023 global growth estimate of 2.8% is ‘most worrisome’ as it projects weak growth over a longer period, she said.
El-Sisi meets Crown Prince Mohammed bin Salman as Egypt’s economic woes deepen.
If approved, as expected, the Ukraine programme would be the IMF’s biggest loan to a country involved in an active war.
Ranil Wickremesinghe says his government will kick off next round of talks with creditors in the third week of April.
Global lender says island nation battling its worst economic crisis in seven decades will get $330m in next two days.
Nation expects final IMF approval in the third or fourth week of March, President Ranil Wickremesinghe tells parliament.
The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.
Soaring food, beverage, transport costs push consumer price index to 31.5 percent in February, highest rate since 1974.
President Ranil Wickremesinghe is facing a backlash over steep tax hikes and spending cuts imposed to get IMF funding.
The import-dependent nation is facing economic hardship in the wake of Russia’s invasion of Ukraine as prices shoot up.
