The International Monetary Fund (IMF) has approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Egypt for about $12 billion to support the authorities’ economic reform programme.
The reforms that the GCC countries have been implementing over the past year in response to the decline in oil prices are impressive, but continued fiscal adjustments will be needed over the medium term, the IMF chief has said.
International Monetary Fund managing director Christine Lagarde on Tuesday turned up the volume on her calls for stronger action by the world's economies to boost growth, warning that downside risks were increasing without decisive action.
Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde said on Friday.
Islamic finance has the potential to contribute to higher and more inclusive economic growth by increasing access to banking services, said Christine Lagarde, IMF managing director.
Islamic finance has also shown its value in infr
Qatar’s growth could accelerate from 4 percent in 2014 to above 4.5 percent this year and next, supported by a large public infrastructure program and opening of a new natural gas field, said Christine Lagarde, IMF managing director.
International Monetary Fund (IMF) managing director Christine Lagarde said on Thursday she is open to serving a second term at the helm of the global lender.
Lagarde's term runs out in mid-2016 and she has
The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview.
"We are in a recover
Recent volatility in global financial markets shows how rapidly risks can spill over from one economy to the next, the managing director of the International Monetary Fund (IMF) said in Jakarta on Wednesday.
"What has been de
The GCC economies have been amongst the best performing in the world in recent years, and are expected to grow 4.5 per cent in 2014-15, said Christine Lagarde, managing director of the International Monetary Fund (IMF).