In an interview with the daily newspaper Le Parisien, IMF Managing Director Christine Lagarde defended the positive role of globalization in the fight against poverty, believing that the former has allowed a significant reduction in the latter, lifting close to 300 million people out of […]
The lifting of nuclear sanctions under the Joint Comprehensive Plan of Action (JCPOA) has spurred growth, but banking system weaknesses, structural bottlenecks, and hesitation by foreign banks to re-establish financial links have held back expansion of non-oil activity, according to the latest IMF report on […]
In a conversation with Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on February 21, 2017, US Treasury Secretary Steven Mnuchin welcomed the key role the IMF plays in promoting global economic growth and stability and in preventing and responding to economic crisis. […]
According to the documentation center of the French Economy and Finance Ministry (CEDEF), the term Islamic finance covers “all financial services in accordance with Sharia Islamic law that bans receipt and payment of interest (riba), excessive uncertainty (gharar), gambling (maysir), speculation like short sales and...
In the years since the global financial crisis, said the IMF, Africa has witnessed a rapid expansion of cross-border banking, led by banking groups based in Africa that are spurring financial and economic integration and transforming the continent’s financial landscape. A conference on this topic […]
As tension keeps mounting between Greece and its international creditors, the IMF listed the priorities for Greece’s return to sustainable growth. Summing up, “Greece should deepen and accelerate reforms, which, together with further debt relief, are needed to allow the economy to return to a […]
Tunisia’s growth is expected to pick up to 2.5 percent in 2017 from 1.3 percent in 2016, but significant macroeconomic challenges persist, said the IMF in a statement. Also, the IMF and Tunisia agreed that urgent action is needed on fiscal policies and delayed reforms. […]
Hoping to be re-elected in 2019, Indian Prime Minister Narendra Modi announced tax cuts and an increase in public spending to improve the economic situation of the poorest households. According to the budget proposal sent to Parliament now a month ahead of the usual timetable, […]
“A sharp decline in commodity prices, in particular of oil, as well as security threats and civil unrest in the Central African Republic (CAR) have profoundly impacted the region’s external and fiscal balances,” said International Monetary Fund (IMF) Managing Director Christine Lagarde after her participation...
Euro area Finance Ministers suspended debt relief package for bailed out Greece in response to extra spending on pensions announced by Greek Prime Minister Alexis Tsipras while his country’s debt is still worth around 180% of national GDP. “The institutions have concluded that the actions […]