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The Latest Breaking News from Fund

IMF approves rule change that would allow new Ukraine loan program

The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

Reuters · Mar 17, 2023

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

Asharq Al-Awsat · Mar 15, 2023

NI woman's memory lives on in fund helping refugees at Belfast school

Ann McGeeney passed away in 2014 at the age of 52

Belfast Live · Mar 14, 2023

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Lynch: Saudis have Greg Norman to thank for their U.S. legal nightmare

Norman opens LIV’s second season with his trademark delusional enthusiasm masquerading as unstoppable momentum.

USA Today Sports Media Group · Feb 24, 2023

IMF head says new lending to Ukraine could be 'sizeable'

Ukraine could secure "sizeable support" from the International Monetary Fund under a new, longer-term program, and its economy should see a gradual recovery over the course of this year, IMF Managing Director Kristalina Georgieva said on Tuesday.

Reuters · Feb 21, 2023

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 · Feb 20, 2023

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 · Feb 17, 2023

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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 · Feb 15, 2023

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 · Feb 15, 2023

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 · Feb 7, 2023

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 · Jan 30, 2023

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 · Jan 26, 2023

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 · Jan 23, 2023

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 · Jan 17, 2023

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USA Today Sports Media Group · Jan 15, 2023

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

Reuters · Jan 9, 2023

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.

Asharq Al-Awsat · Jan 1, 2023

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…

The Independent UK · Dec 31, 2022

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

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Asharq Al-Awsat · Nov 16, 2022

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.

The Guardian - UK · Nov 14, 2022

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 · Nov 10, 2022

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 · Nov 9, 2022

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 · Nov 2, 2022

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…

Asharq Al-Awsat · Nov 1, 2022

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 · Oct 28, 2022

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.

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