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International Monetary Fund

International Monetary Fund latest

Argentina Won't Repay IMF Debt Until Recession Is Over
February 10th, 2020 - 09:38 GMT

Argentina Won't Repay IMF Debt Until Recession Is Over

Argentine Vice President Cristina Fernandez de Kirchner said the government will not pay “even half a cent” of its debt back to the International Monetary Fund before the country has exited recession. “The first thing we have to do in order to be able to pay is to exit the recession,” Fernandez de Kirchner said at a presentation of her book “Sinceramente” (Sincerely) at Havana’s international book fair. “If there ...
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Turkey's Deputy Prime Minister Mehmet Simsek wants Turks to vote 'Yes' for the sake of the economy. (AFP/Adem Altan)
April 12th, 2017 - 10:28 GMT

Turkey's economy will grow strong and steady if Turks vote 'Yes’: Deputy PM

The negative comments of the Lebanese on social media reflect the gloomy mood felt by most citizens who wonder why none of the successive governments have been able to end the severe power rationing.
 (Shutterstock)
April 2nd, 2017 - 05:00 GMT

Lebanese take to social media to mock new power plan by government

If the new consumption tax is applied then a VAT of between 50 fils and Dh2.75 could be added to the overall amount of remittances from the UAE. (Facebook)
April 2nd, 2017 - 01:15 GMT

Will UAE apply VAT on expat remittances too?

Egyptians gather to buy bread in central Cairo on 31 January 2011. (AFP)
April 2nd, 2017 - 01:00 GMT

'We want to eat!' - Austerity measures in Egypt take a new turn

Egypt's declining economy needs all the help it can get. (AFP/File)
March 29th, 2017 - 08:59 GMT

Egypt discusses economic support with G-8 countries

In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies. (File photo)
March 29th, 2017 - 06:00 GMT

Bahrain promises growth, market reforms in return for foreign investment

Doha, Qatar. (File photo)
March 26th, 2017 - 01:08 GMT

New GCC VAT will have minimal effect on inflation: Report

Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)
March 20th, 2017 - 11:35 GMT

Is Kuwait’s foreign bond sale enough to balance its budget?

Algeria has the 10th-largest natural gas deposits in the world and is the third-largest supplier to Europe. (Shutterstock)
March 14th, 2017 - 05:16 GMT

Algeria to receive $42.7M in EU funding for renewable energy projects

The Central Bank of Egypt increased interest rates to curtail inflation, but it has not been effective at reducing price hikes. (File photo)
March 13th, 2017 - 01:12 GMT

Egypt's inflation remains high despite higher interest rates

The vast majority of GCC companies will not only need to ensure they accurately determine and report on VAT requirements but, even more importantly, do it efficiently by automating this whole new process. (File photo)
March 12th, 2017 - 08:49 GMT

Getting ready for GCC VAT implementation

On Monday, the Supply Ministry issued a statement denying that it was planning to cut bread subsidies following reports in local media that suggested rations would be reduced from five to three loaves per day. (AFP)
March 8th, 2017 - 08:00 GMT

Riots break out across Egypt as government cuts bread rations

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