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The Latest Breaking News from Fund

OPEC Fund for International Development (OFID) is considering issuing its first financial bonds this year in global markets, amounting to one billion dollars, announced the Director General, Abdulhamid al-Khalifa. Speaking to Asharq Al-Awsat on the sidelines of the Islamic Development Bank Group (IsDB) meeting in Sharm el-Sheikh, Khalifa explained that…

Asharq Al-Awsat

6 Million Yemenis Benefit from Yemen Humanitarian Fund

The Yemen Humanitarian Fund (YHF) helped to address the needs of around 6 million people in Yemen, which remains one of the world’s worst humanitarian crises, the Fund’s 2021 Annual Report revealed. “The funding made it possible to allocate more than $109 million to support almost 5.8 million people in…

Asharq Al-Awsat

Cultural Development Fund Is Strategic Partner for FII Institute

The Cultural Development Fund signed a strategic partnership agreement with the Future Investment Initiative (FII) Institute, reported the Saudi Press Agency on Thursday The agreement was signed during its first international summit in London, entitled "Social, Environmental and Comprehensive Corporate Governance in Emerging Markets". It aims to activate the Fund's…

Asharq Al-Awsat

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Saudi Arabia to Import Agricultural Products to Boost Strategic Stocks

Saudi Arabia's Agricultural Development Fund signed a number of financing contracts to import agricultural products worth SAR 367 million riyals ($ 97 million) in a move aimed to promote the Kigdom's food security initiative and strengthen the strategic stock, The Saudi Food Abundance Committee, emanating from the Food Security Committee,…

Asharq Al-Awsat

Tina Kotek's win comes amid a wave of LGBTQ candidates running for office

Kotek won her state's Democratic primary on Tuesday. If she wins the general election later this year, she will become the country's first openly lesbian governor.

WEKU

IMF Projects GCC Growth to Accelerate to 6.4%

The International Monetary Fund (IMF) said the Russian invasion of Ukraine is significantly affecting the growth prospects of the developing economies in the Middle East and North Africa (MENA), while oil-exporting countries benefit from higher crude prices. In its "Regional Economic Outlook: the Middle East and Central Asia," the IMF…

Asharq Al-Awsat

Ukraine War to Curb Central Asian Economy, Oil Cushions Middle East, Says IMF

The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said on Wednesday. Both regions will still feel the effect of surging commodity prices, and…

Asharq Al-Awsat

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This Is Not the Notre Dame of Old

New coach Marcus Freeman has quickly changed the culture and recruiting tactics in South Bend.

Sports Illustrated

World Bank readies Sri Lanka aid package, IMF calls loan talks 'fruitful'

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

Reuters

IMF steering committee skips communique after Russia blocks war language

Russia's refusal to agree to strong language condemning its war in Ukraine prevented the steering committee of the International Monetary Fund from issuing a formal communique during its meeting this week, the chair of the committee said on Thursday.

Reuters

IMF tells governments to protect vulnerable people when tackling Covid debt

Analysis: Fund’s world economic outlook highlights need to protect people such as refugees

The Guardian - UK

Will Biden ever stand up to the IMF’s abuses of power?

The IMF claims to deliver stability, strength, and solidarity. Its record shows the opposite

The Guardian - US

Bulgaria's growth prospects dented by war in Ukraine -IMF

The war in Ukraine is likely to hit Bulgaria's economic growth, speed up inflation and could pose credit risks, the International Monetary Fund said on Friday.

Reuters

Kuwait’s Development Fund: Sri Lanka’s Debt is ‘Sovereign,’ Can’t Be Canceled

The Kuwait Fund for Arab Economic Development (KFAED) affirmed on Wednesday that the debts other countries owe it are “sovereign.” It referred to Sri Lanka’s announcement of defaulting on its $51 billion external debt. The Fund is one of the entities that lend to the Sri Lankan government, which has…

Asharq Al-Awsat

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Wales Online

Cash for the poorest areas will be diverted to wealthier regions in UK government's replacement for EU structural funds

The UK's replacement for EU structural funds will divert much of the money away from the poorest areas

Asharq Al-Awsat

New Lebanese Parliament Will Act on IMF Deal, PM Adviser Says

A set of reforms the IMF wants Lebanon to enact before approving a funding deal for the country will largely be left for a new parliament to study, an adviser to the prime minister said on Friday, suggesting little may be done before a May 15 national election. The IMF…

Reuters

Lebanon may not enact IMF reforms before election, lawmakers say

Lebanon won't be able to deliver many if any reforms sought by the IMF as conditions for a funding deal before an election in May, two lawmakers said, meaning months could go by without action as that vote may well be followed by political limbo.

The Times of India

India doubles its contribution to UNESCO fund for elimination of doping

NEW DELHI: India has contributed $72,124, more than double of last year, to UNESCO fund for elimination of doping in sports.

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Reuters

Exclusive-IMF board approves $45 billion Argentina program -sources

The International Monetary Fund's executive board on Friday approved a $45 billion program for Argentina after more than a year of negotiations, two sources with direct knowledge said, allowing the South American grains exporter to avoid a costly default with the Washington-based lender.

Asharq Al-Awsat

Saudi Arabia Adopts Measures to Strengthen Food Security

The Saudi Agriculture Development Fund has approved several loans, worth over SR861 million ($229 million), to finance working capital for the import of agricultural products, within endeavors to strengthen food security in the Kingdom. The Fund’s Vice Chairman and General Manager, Munir bin Fahd Al-Sahli, stated that the approval of…

Daily Record

Russia risk to Falkirk Council's pension fund is 'miniscule'

Falkirk Council's pensions committee was told they have no direct investments in Russian companies, but the turmoil created by the invasion could affect the fund.

Asharq Al-Awsat

Saudi Crown Prince Launches New Strategy for National Development Fund

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister, and Chairman of the National Development Fund (NDF), launched on Monday the Fund’s strategy. The strategy was announced during a meeting of the NDF’s Board of Directors. The strategy aims to make the fund a pivotal enabler for the economic and…

Reuters

IMF says working on bilateral donor trust fund for Ukraine

The International Monetary Fund is working on a new Ukraine trust fund instrument to allow bilateral donor countries to contribute resources to the war-torn country as it battles a Russian invasion, an IMF official said on Monday.

Belfast Live

Five Derry city projects receive over £700,000 in peace building boost

This is part of a wider investment by International Fund for Ireland of almost £4.5million towards peace projects

Reuters

Pfizer to provide 10 million courses of COVID pill to developing countries -the Global Fund

Pfizer Inc is expected to provide around 10 million courses of its highly effective COVID-19 antiviral treatment Paxlovid to low- and middle-income countries this year, according to an official with the Global Fund, a healthcare NGO working to buy the pills from the drugmaker.

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