Post Tagged with: "International Monetary Fund"

Tunisia to lay off 16,500 workers on IMF order

October 26, 2017 6:30 pm
Tunisia to lay off 16,500 workers on IMF order

A Tunisian patient speaks with a member of the medical staff at the emergency room of the Charles Nicole Hospital in Tunis on May 5, 2017. (Photo by AFP) Tunisia will ask the United States for a $500 million loan guarantee as it seeks to lay off about 16,500 public […]

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Tunisia to lay off 16,500 workers on IMF order

6:30 pm
Tunisia to lay off 16,500 workers on IMF order

A Tunisian patient speaks with a member of the medical staff at the emergency room of the Charles Nicole Hospital in Tunis on May 5, 2017. (Photo by AFP) Tunisia will ask the United States for a $500 million loan guarantee as it seeks to lay off about 16,500 public […]

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International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

October 5, 2017 10:38 pm
International Monetary Fund: Saudi Arabia’s economy stagnant as unemployment rises

Investors monitor stock exchange at the Saudi Stock Exchange, or Tadawul. (file photo) The International Monetary Fund (IMF) says Saudi Arabia has a weak economic growth and a rising unemployment level, advising the country to slow down austerity measures it has been adopting in order to curb a huge budget deficit. […]

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Egypt hikes electricity prices by more than 40% as demanded by IMF

July 6, 2017 10:30 pm
Egypt hikes electricity prices by more than 40% as demanded by IMF

The Temple of Luxor is illuminated at night in Luxor city, south of Cairo, November 27, 2015. (Photo by Reuters) Egypt has decided to raise electricity prices by more than 40 percent as demanded by the International Monetary Fund (IMF) in order to receive a $12 billion bailout loan. Electricity Minister Mohamed Shaker said on […]

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International Monetary Fund lowers US growth over ‘uncertainties’

June 28, 2017 5:46 pm
International Monetary Fund lowers US growth over ‘uncertainties’

The International Monetary Fund (IMF) has reduced its growth forecasts for the US economy and also says the dollar is overvalued by 20 percent. The International Monetary Fund (IMF) has reduced its growth forecasts for the US economy and also says the dollar is overvalued by 20 percent.   The […]

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International Monetary Fund confirms delay in Ukraine loan due to trade blockade

March 20, 2017 10:30 pm
International Monetary Fund confirms delay in Ukraine loan due to trade blockade

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), attends the 2017 Institute of International Finance (IIF) G20 Conference titled “The G20 Agenda under the German Presidency” in Frankfurt, western Germany, on March 16, 2017. (Photo by AFP) The International Monetary Fund will not approve a new $1 billion […]

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International Monetary Fund adjourns meeting on Ukraine loan

March 19, 2017 7:10 pm
International Monetary Fund adjourns meeting on Ukraine loan

This file photo taken on September 30, 2016 shows the logo of the IMF Headquarters in Washington, DC. (Photo by AFP) Ukraine on Sunday said the International Monetary Fund has postponed a board discussion on disbursing a new $1-billion loan tranche after Kiev cut trade links with eastern regions held […]

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Greece resumes stalled negotiations with EU, IMF

February 28, 2017 7:11 pm
Greece resumes stalled negotiations with EU, IMF

The file photo shows the flags of Greece (L) and the European Union. Negotiations between Greece and international lenders have resumed amid Athens’ struggle to secure a badly-needed fund from the European Union and the International Monetary Fund. The Greek Finance Ministry said on Tuesday that the talks resumed earlier […]

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Spain jails former IMF chief Rodrigo Rato for 4.5 years over embezzlement

February 23, 2017 10:00 pm
Spain jails former IMF chief Rodrigo Rato for 4.5 years over embezzlement

File photo shows former International Monetary Fund chief, Rodrigo Rato (C), walking between police officers as he leaves his office in Madrid. (Photo by Reuters) Spain’s National Court has sentenced former chief of the International Monetary Fund (IMF), Rodrigo Rato, to four years and six months in jail over his […]

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Germany expects continued IMF aid for Greece

February 19, 2017 10:30 pm
Germany expects continued IMF aid for Greece

British CNN anchor Richard Quest acts as a moderator during a talk with International Monetary Fund Managing Director Christine Lagarde (R) at the World Government Summit 2017, in Dubai’s Madinat Jumeirah on February 12, 2017.<br />STRINGER / AFP Germany said Sunday that it expects the International Monetary Fund to continue […]

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Greek Prime Minister Alexis Tsipras urges IMF to revise its forecast

February 11, 2017 8:40 pm
Greek Prime Minister Alexis Tsipras urges IMF to revise its forecast

Greek Prime Minister Alexis Tsipras speaks during a meeting of his Syriza party in Athens on February 11, 2017. Greece has warned the International Monetary Fund and Germany to “stop playing with fire” in the handling of the country’s debt crisis. Opening a meeting of his Syriza party, Greek Prime […]

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French court finds IMF chief Christine Lagarde guilty over payout

December 19, 2016 10:30 pm
French court finds IMF chief Christine Lagarde guilty over payout

International Monetary Fund (IMF) Managing Director Christine Lagarde attends a news conference after a seminar on the international financial architecture in Paris, France, March 31, 2016. (Photo by Reuters) A court in France has found Christine Lagarde, the managing director of the International Monetary Fund (IMF), guilty of negligence over […]

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IMF advice Saudi Arabia to reduce reliance on oil

October 27, 2016 2:30 pm
IMF advice Saudi Arabia to reduce reliance on oil

The International Monetary Fund (IMF) has called on Saudi Arabia to reduce its reliance on oil. The International Monetary Fund (IMF) says Saudi Arabia should find new ways to raise revenues and thus reduce its reliance on oil as a key step to bring itself out of the current financial […]

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International Monetary Fund (IMF) staff report substantial improvement in Iran economic conditions

October 3, 2016 8:39 pm
International Monetary Fund (IMF) staff report substantial improvement in Iran economic conditions

A man walks past the IMF Headquarters September 30, 2016 in Washington. (Photo by AFP) An International Monetary Fund (IMF) staff report says that economic conditions are improving substantially in Iran following the implementation of the Joint Comprehensive Plan of Action (JCPOA). The IMF report was released on Monday and was compiled […]

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Greece vows to resist demands of International Monetary Fund (IMF) on labor reforms

September 14, 2016 8:36 pm
Greece vows to resist demands of International Monetary Fund (IMF) on labor reforms

Greece’s Labor Minister George Katrougalos Greek officials have vowed to resist demands put forward by the International Monetary Fund (IMF) forcing the country to carry out labor reforms in order to secure a third bailout. Labor Minister George Katrougalos said on Wednesday that the IMF had become an “extreme player” in ongoing […]

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