Thursday 24 April 2014
 
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International Monetary Fund

Tunisia expects IMF deal in May, sukuk in July

Tunisia expects to sign a $1.7 billion loan deal with the International Monetary Fund next month after a delay due to the crisis that followed the killing of an opposition politician in February, its finance minister said on Monday.

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India's industrial production up 2.7pc

Industrial production in India rose 2.7 per cent in August, more than expected on a rebound in mining activity, though investment still appears weak. Markets took the news in stride yesterday, suggesting that investors believe the

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Gulf wins IMF praise for oil price management

International Monetary Fund (IMF) managing director Christine Lagarde on Saturday  praised Gulf oil exporters for their help in stabilising the global economy by managing oil prices, despite complaints by some Western countries that energy

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IMF to cut global growth forecast

The International Monetary Fund (IMF) is set to cut its forecast for global growth next month when it updates its projections for the world economy, said its top official. "We continue to project a gradual recovery, but globa

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EU needs common finance chief: Lagarde

The euro zone needs a common finance minister and should consider issuing region-wide bonds to help pull it out of its economic crisis, said International Monetary Fund head Christine Lagarde. 'What is needed is a collective determinat

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Europe 'must fix banks, become unified'

Restoring the health of European banks is critical to strengthening a global economy that is struggling to regain its footing and is at risk of losing ground, said the head of the International Monetary Fund (IMF). Christine Lagarde, manag

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Saudi poised for big per capita income growth

The Saudi per capita income in the gross domestic product (GDP) is likely to soar to SR116,900 ($31,172), said a report citing experts. However, they warned that inflation will remain a major threat to Saudi income this year. Earlier, the

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IMF concerned about Kuwait's finances

Kuwait's recent wage hikes have raised concerns about the sustainability of its public finances, its central bank governor told the state news agency Kuna, citing a preliminary report from the International Monetary Fund (IMF). Th

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G20 doubles IMF's war chest amid EU fears

Leading world economies on Friday pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis. The promised funds from

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Bahrain set for bigger say in IMF

Bahrain’s Shura Council yesterday (March 5) approved amendments to an existing law, which would allow the Kingdom to have a greater stake in the International Monetary Fund (IMF). They have already been approved by parliament and will now

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