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The Latest Breaking News from Fund

IMF to crisis-hit Pakistan: Tax the rich, protect the poor

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

Al Jazeera

IMF, Ukraine reach staff-level deal, paving way for full loan talks

The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv's economy and its bid to join the European Union.

Reuters

Yemen, UAE Discuss Deterring Houthis, Efforts to Implement Donor Pledges

Yemeni Prime Minister Maeen Abdulmalik intensified his meetings on the sidelines of the World Government Summit in Dubai to coordinate efforts to deter attacked by the Iran-backed Houthi militias on oil ports and launch donor pledges to complete projects and support the economy. Abdulmalik met with UAE President Sheikh Mohamed…

Asharq Al-Awsat

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Diesel price cut

The state Oil Fuel Fund has announced another decrease in its price cap on standard diesel, by 0.50 baht per litre, from 34.44 baht to 33.94 baht, effective on Feb 22.

Bangkok Post

Paris Club creditors give assurances to back IMF bailout for Sri Lanka

The Paris Club of creditors has given financing assurances to support the International Monetary Fund's approval of an extended fund facility for Sri Lanka, the Sri Lankan president's office said on Tuesday.

Reuters

Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.

Reuters

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

Reuters

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India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

Reuters

IMF executive board approves $240 million disbursement to Uganda

The International Monetary Fund (IMF) said on Tuesday its executive board approved two reviews of a financing agreement with Uganda that allow for the immediate release of about $240 million to the East African country.

Reuters

Lynch: The Saudis are dodging a U.S. court, and the impact on LIV Golf could be huge

Another risk to LIV is playing out in a Northern District of California courtroom

USA Today Sports Media Group

Pakistan reaffirms commitment to IMF programme after meeting

Pakistan reiterated its commitment to completing a programme with the International Monetary Fund in a meeting on the sidelines of a climate conference in Geneva on Monday, the finance ministry said in a statement.

Reuters

Saudi Arabia Announces $1 Bn Plan to Increase Agricultural Production in Greenhouses

Saudi Minister of Environment, Water and Agriculture, Abdulrahman al-Fadhli, approved the expansion plan in the plant resources sector and greenhouses with new investments valued at $1.06 billion until 2025. The plan is done in cooperation with the relevant authorities and private sector companies, which aim to raise production capacity by…

Asharq Al-Awsat

Ukraine's debts: US aims to get IMF to reexamine loan fees

A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine’s debt burden at the International Monetary Fund

The Independent UK

IMF, Jordan Reach Agreement on Review of Economic Reform Program

An International Monetary Fund (IMF) mission has reached a staff-level agreement on the fifth review of the Jordanian authorities’ economic reform program supported by the Extended Fund Facility (EFF) arrangement. “Completing this review will bring total IMF disbursements over 2020-24 to around $2 billion.

Asharq Al-Awsat

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The Guardian - UK

UK criticised for ‘disastrous decision’ to cut health aid pledge by almost a third

Charities say reduced donations to the Global Fund will lead to the preventable deaths of up to 1.5 million people

Reuters

IMF agrees $4.5 billion Bangladesh support programme

The International Monetary Fund (IMF) provisionally agreed a $4.5-billion support programme on Wednesday for Bangladesh, with the country's finance minister saying the deal would help prevent economic instability escalating into a crisis.

Asharq Al-Awsat

Saudi PIF Considers Bidding for Qatar's Ooredoo Tower Unit

Saudi Arabia's Public Investment Fund (PIF) is considering a final bid for network towers sold by Qatari telecom firm Ooredoo. According Bloomberg, informed sources said the PIF expressed its keenness to be among the suitors for the Qatari telecom and submit offers for the final purchase competing with American Tower…

Asharq Al-Awsat

Efforts to Reach a Unified Measurement Standard for Financial Inclusion in Arab Countries

Director-General and Chairman of the Board of Directors of the Arab Monetary Fund (AMF) Abdul Rahman Al-Hamidy revealed efforts aimed at reaching a unified standard among Arab countries for measuring financial inclusion. In remarks to Asharq Al-Awsat, Al-Hamidy underlined the importance of financial inclusion, as a key policy objective to…

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Asharq Al-Awsat

IMF: Diversified Gulf Economy Improves Financial Balance

Gulf Arab oil exporters are expected, on average, to put away about 33 percent of their oil revenues over 2022-26, which will lead to an overall improvement in the financial balance, according to the International Monetary Fund (IMF). The IMF said in its latest report that higher oil and gas…

The News Lens

Judicial Repression Becomes the Norm in Hong Kong

As of 2022, more than 100 civil society organizations and trade unions have been dissolved or closed in Hong Kong under the threat of the National Security Law.

Asharq Al-Awsat

Saudi PIF Establishes Regional Voluntary Carbon Market Company

The Public Investment Fund (PIF) announced the establishment of the Regional Voluntary Carbon Market Company, where PIF holds an 80% stake and Saudi Tadawul Group Holding Company holds a 20% stake in the company.

Asharq Al-Awsat

IMF, Tunisia Reach Deal on $1.9 Bn Loan

The International Monetary Fund and the Tunisian government have reached a tentative agreement to unblock a $1.9 billion loan as the country faces grave economic and political challenges. Under the four-year accord, the Tunisian government -- hit by growing public protests at home amid shortages of food and fuel --…

Asharq Al-Awsat

IMF Sees Middle East Growth at 5%

The Middle East is projected to grow at five percent this year, up from 4.1 percent in 2021.

Tribune News Service

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

Asharq Al-Awsat

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

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