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IMF’s Regional Economic Outlook report released

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The Middle East and North Africa region continues to experience lackluster growth for the fourth year in a row, the IMF said in its latest regional assessment. The IMF’s Regional Economic Outlook, released on October 27, projects growth…

U.A.E. participates in Deauville Partnership meeting

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(Washington, D.C.) - On the margins of the annual meetings of the International Monetary Fund, IMF, and the World Bank Group in Washington, H.E. Obaid Humaid Al Tayer, U.A.E. Minister of State for Financial Affairs, participated in the Deauville…
Eurozone,IMF Agree on New Deal

Eurozone,IMF Agree on New Deal

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(Brussels) - Eurozone finance ministers struck a new deal with the IMF to slice more than 40 billion euros ($52 billion) off Greece's massive debt burden by 2020; in turn freeing up long-blocked loans. "The decision will certainly reduce the…
IMF to secure $400b funding for Europe

IMF to secure $400b funding for Europe

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(Washington) - The Group of 20 nations have stood ready to commit at least $400 billion to bulk up the International Monetary Fund, as IMF has been aiming to raise at least $400 billion; a doubling of its lending capacity, to ensure it has enough…
Prince Turki Calls for Bigger Role in IMF after Euro Rescue

Gulf Calls for Bigger Role in IMF after Euro Rescue

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(Riyadh) - Saudi Arabia's Prince Turki Al-Faisal speaking at Global Competitiveness Forum in Riyadh urged the IMF to give Gulf States a bigger say in the global economic order in return for billions of dollars in financial aid to the distressed…
Eurozone

Eurozone Ministers Meet to seek way Out of Crisis

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(Brussels) - Another week of talks has been launched by European Finance Ministers at Brussels. The leaders hope to get a deal with banks to slash Greece's debts and agreement on a new balanced budgets treaty that will mark a turning point in…