The Latest Breaking News from Fund

Exclusive-Ukraine calls for bespoke IMF and World Bank programmes

Ukraine will push for unprecedented and bespoke International Monetary Fund and World Bank packages worth tens of billions of dollars in the coming weeks to shore up its war-ravaged finances, the country's top debt management chief told Reuters.

Reuters · Sep 20, 2022

Tunisia Hopes to Reach Deal with IMF By End of October

Tunisia hopes to reach an agreement with the International Monetary Fund by the end of October, the government's spokesperson said on Friday, after a wage deal agreed with unions was seen as a key step towards getting IMF support. "The Tunisian negotiating team was in contact yesterday with (the) IMF…

Asharq Al-Awsat · Sep 17, 2022

US to move $3.5bn in Afghan assets to Swiss-based trust

Housed in the Bank for International Settlements, new Afghan Fund will be managed by a board of trustees, the US says

Al Jazeera · Sep 14, 2022

Saudi Arabia Seeks Promising Local Content Opportunities

Saudi Arabia is pushing towards activating local content in the national industry, specifically in promising sectors. The Minister of Industry and Mineral Resources, Bandar Ibrahim AlKhorayef, met Tuesday with 20 prominent local and international companies to discuss promising local content opportunities and cooperation between the firms and Government Procurement Authority.…

Asharq Al-Awsat · Sep 7, 2022

Sri Lanka has an IMF deal, now it courts China and India

(Corrects paragraph 30 to show Center for Financial Stability is based in New York, not London)

Reuters · Sep 6, 2022

IMF agrees to provide crisis-hit Sri Lanka $2.9 billion

The International Monetary Fund says it has reached a preliminary agreement to provide $2.9 billion over four years to help crisis-hit Sri Lanka

The Independent UK · Sep 1, 2022

Sri Lanka gains IMF's provisional agreement for $2.9 billion loan

Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its worst economic crisis in decades.

Reuters · Sep 1, 2022

Zambia wins IMF board approval for $1.3 billion loan program

Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.

Reuters · Sep 1, 2022

Japan Says Financial Aid for Tunisia Hinges on IMF Deal

Japan will consider financial assistance to Tunisia once a deal with the International Monetary Fund (IMF) is reached, head of the Japan International Cooperation Agency (JICA) Tanaka Akihiko has announced. Tunisian Minister of Economy and Planning Samir Saied signed last week a memorandum of understanding (MoU) for several projects in…

Asharq Al-Awsat · Aug 31, 2022

Arab Banking Sector Overcomes COVID-19 Adverse Effects

The Arab Monetary Fund revealed that the banking sector in Arab countries has succeeded in overcoming the repercussions of the coronavirus pandemic without significantly impacting its financial institutions. The sector continued to attract liquidity and investments, which boosted Arab economic growth. The Fund added, in its Financial Stability Report in…

Asharq Al-Awsat · Aug 21, 2022