The Latest Breaking News from Fund

Nearly 20% of International Monetary Fund staff say their work has been "unduly influenced" by supervisors, according to an internal survey released on Thursday as part of a review of data integrity standards that generally found "robust mechanisms" for institutional governance.

The International Monetary Fund (IMF) has highlighted solid indicators for the Saudi economy, expecting a 7.6 percent overall GDP growth in 2022. Non-oil growth will increase to 4.2 percent in 2022, with the current account surplus will increase to 17.4 percent of GDP in 2022, said the Fund experts. An…

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…

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…

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…

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,…

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.

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…

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…

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

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.