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The Latest Breaking News from Fund

‘Ghana beyond aid’ no longer: West Africa’s former model student forced to turn to IMF

Formerly praised for its stability and good governance, Ghana has been facing a severe economic crisis since the onset of the Covid-19 pandemic and the war in Ukraine. To prevent Accra from defaulting on its debt, the International Monetary Fund (IMF) on Wednesday approved a $3 billion loan in exchange…

France 24

Pakistan's external financing requirements for IMF deal unchanged - IMF

Pakistan's external financing requirements have not been changed in talks with the International Monetary Fund (IMF) over bailout funds, the IMF Resident Representative in Pakistan said, denying local media reports that the Fund was seeking fresh financing.

Reuters

Total Issuance of Green Bonds, Sukuk by Arab Countries Hits 5.5 Bln in 2022

The Arab Monetary Fund announced that green bond and sukuk issuance by Arab countries related to sustainable activities, whether publicly or privately offered, amounted to approximately $5.5 billion in 2022. The Fund said it pays close attention to the priority issues of financial sector development, particularly with regard to the…

Asharq Al-Awsat

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Schizophrenia being displayed at the IMF

It has taken far too long, but it seems that the International Monetary Fund has finally internalised some hard truths about sovereign-debt reduction. Chief among them is that growing economies have an easier time repaying. As such, fiscal consolidation -- the organisation's favoured strategy -- undermines efforts to reduce debt-to-GDP…

Bangkok Post

IMF Warns: MENA Region Faces 4 Challenges

Growth of the real GDP in the Middle East and North Africa (MENA) region is projected to slow this year to 3.1 percent from 5.3 percent in the previous year, announced Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), Jihad Azour. Azour added…

Asharq Al-Awsat

IMF expects Australia’s economy to slow amid ‘perilous’ international pressures

International Monetary Fund forecast echoes predictions from Treasury and RBA and warns ‘ominous forces’ may be behind global economic strains

The Guardian - AU

TfL Pension Fund urged to divest from fossil fuels as part of leadership in climate change fight

London Assembly Member Leonie Cooper said it was “more important than ever” to consider the environmental impacts of investments

Evening Standard

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IMF Approves $15.6 Bln Ukraine Loan

The International Monetary Fund said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country's economy as it battles Russia's 13-month-old invasion. The decision clears the way for an immediate disbursement of about $2.7 billion…

Asharq Al-Awsat

Over £90million of new funding to 43 youth services

These are the first grants from the 2nd Phase of the Government's Youth Investment Fund of over £300 million to renew the country’s youth sector

Wales Online

IMF approves $80.77 million to help Burkina Faso address balance of payment needs

The International Monetary Fund's Executive Board on Monday approved a disbursement of $80.77 million to help Burkina Faso address its balance of payment needs, the Fund said in a statement.

Reuters

Ayr United fans soar past £200,000 total as they boost club's transfer Player Fund

The Fund is looking to improve its reach as it moves towards its next big target.

Daily Record

Italy pushing IMF to help Tunisia and avoid instability, minister says

Italy wants the International Monetary Fund (IMF) to unblock a $1.9 billion loan to Tunisia, fearful that without the cash, the country will be destabilised, unleashing a new wave of migrants towards Europe, Foreign Minister Antonio Tajani said.

Reuters

IMF approves rule change that would allow new Ukraine loan program

The International Monetary Fund said its executive board on Friday approved rule changes that would allow the IMF to approve new loan programs for countries facing "exceptionally high uncertainty" - a move expected to pave the way for a new Ukraine loan program.

Reuters

Saudi PIF to Inject $266 Bn into New Projects

The Saudi Public Investment Fund invested nearly $1.3 billion in four national companies in the contracting sector during the last period, announced Governor Yasser al-Rumayyan. Rumayyan announced the establishment of a general department for national development to determine the strategic directions in economic development and measuring impact. The group launched…

Asharq Al-Awsat

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Belfast Live

NI woman's memory lives on in fund helping refugees at Belfast school

Ann McGeeney passed away in 2014 at the age of 52

USA Today Sports Media Group

Lynch: Saudis have Greg Norman to thank for their U.S. legal nightmare

Norman opens LIV’s second season with his trademark delusional enthusiasm masquerading as unstoppable momentum.

Reuters

IMF head says new lending to Ukraine could be 'sizeable'

Ukraine could secure "sizeable support" from the International Monetary Fund under a new, longer-term program, and its economy should see a gradual recovery over the course of this year, IMF Managing Director Kristalina Georgieva said on Tuesday.

Al Jazeera

IMF to crisis-hit Pakistan: Tax the rich, protect the poor

Comments come at the back of a 10-day visit by an IMF delegation, as Pakistan hopes to unlock $1.1bn of crucial funds.

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Reuters

IMF, Ukraine reach staff-level deal, paving way for full loan talks

The International Monetary Fund on Friday said it reached a staff-level agreement with Ukraine, setting the stage for talks on a full loan program that would support Kyiv's economy and its bid to join the European Union.

Asharq Al-Awsat

Yemen, UAE Discuss Deterring Houthis, Efforts to Implement Donor Pledges

Yemeni Prime Minister Maeen Abdulmalik intensified his meetings on the sidelines of the World Government Summit in Dubai to coordinate efforts to deter attacked by the Iran-backed Houthi militias on oil ports and launch donor pledges to complete projects and support the economy. Abdulmalik met with UAE President Sheikh Mohamed…

Bangkok Post

Diesel price cut

The state Oil Fuel Fund has announced another decrease in its price cap on standard diesel, by 0.50 baht per litre, from 34.44 baht to 33.94 baht, effective on Feb 22.

Reuters

Paris Club creditors give assurances to back IMF bailout for Sri Lanka

The Paris Club of creditors has given financing assurances to support the International Monetary Fund's approval of an extended fund facility for Sri Lanka, the Sri Lankan president's office said on Tuesday.

Reuters

Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.

Reuters

IMF mission to visit Pakistan this month to discuss stalled bailout programme

An International Monetary Fund mission will visit Pakistan later this month to discuss the stalled ninth review of the country's current funding programme, the lender's resident representative said on Thursday, with the cash-strapped nation's economy in turmoil.

Reuters

India commits to help Sri Lanka on debt in prospective IMF program

India has committed to help ease the debt burden of its crisis-stricken neighbor Sri Lanka as part of a possible International Monetary Fund-supported program, the IMF said on Monday.

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