Christine Lagarde defends globalization

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 […]

Iran’s non-oil growth too low

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 […]

Mnuchin welcomes IMF policy advice

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. […]

Islamic Finance aims to reach 4,000 billion dollars by 2025

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...

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Rapid expansion of African banking

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 […]

Endless prolonged recession for Greece

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 economy remained resilient

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. […]

No monetary devaluation, oil hopes for Central Africa

“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...

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