Monday 27 June 2016
 
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IMF

UAE banks reception alongside Wold Bank, IMF meets

UAE’s Ministry of Finance (MoF), in collaboration with the UAE Central Bank and Dubai International Financial Centre (DIFC), will organise the UAE Banks reception alongside the upcoming International Monetary Fund (IMF) and World Bank annu

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Gulf states must cut deficits to keep pegs: IMF

Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the six members of the GCC

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Iraq plans $2bn bond sale end by 2016-end

Iraq expects to sell $2 billion in eurobonds in the last quarter of the year, when international aid starts coming in, helping lower its cost of borrowing, Finance Minister Hoshiyar Zebari said. The Opec nation expects to receive

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IMF expands Mexico credit line to $88bn

The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility. The fund said it c

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IMF to extend Iraq $5.4bn loan

Iraq has reached a $5.4 billion standby agreement (SBA) with the International Monetary Fund that could unlock $15 billion more in international assistance over the next three years, Finance Minister Hoshiyar Zebari said. The loan

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IMF forum focus on diversification in GCC

The IMF Middle East Center for Economics and Finance (CEF), jointly with the Arab Fund for Economic and Social Development (AFESD), held a symposium that discussed the path to economic diversification in Kuwait and other GCC countries.

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IMF forum focus on diversification in GCC

The IMF Middle East Center for Economics and Finance (CEF), jointly with the Arab Fund for Economic and Social Development (AFESD), held a symposium that discussed the path to economic diversification in Kuwait and other GCC countries.

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UAE growth 'will pick up in medium term'

Economic growth in the UAE is expected to moderate in 2016 amid low oil prices, but will pick up over the medium-term with expected improvements in oil prices and increased investment ahead of the World Expo2020 hosted in Dubai, an IMF expert ha

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IMF welcomes Bahrain reforms; seeks more

International Monetary Fund (IMF) has welcomed the substantial fiscal measures Bahrain has implemented, including on energy price reform, to safeguard macroeconomic stability. Nonetheless, additional efforts are needed to further

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Mozambique has over $1bn of hidden debt, says IMF

The International Monetary Fund (IMF) said on Saturday that Mozambique has admitted to having over one billion dollars of undisclosed debt and the two sides were now evaluating the implications of this disclosure. The IMF learned

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