US Treasury secretary urges Greece to reach debt deal
US Treasury Secretary Jacob Lew is urging Greece to reach a deal with its creditors, warning that a default would…
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International Monetary Fund (IMF)
International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity.
OPEC Fund secures $27 million Loan for Egypt
Egypt has signed on Friday a loan worth US$27 million with the OPEC Fund for International Development (OFID) to…
At IMF-World Bank Spring Meetings, Egypt signs $427 million Deals
Egypt signs Friday two loans worth US$427 million with OPEC Fund and the World Bank Group in addition to a…
India Central Bank Chief accuses G-7 of Currency Manipulation
The largest industrial countries are flouting global financial rules against beggar-thy-neighbor currency…
Greece asked IMF to postpone Debt Repayment: report
Greek officials have quietly approached the International Monetary Fund (IMF) to ask for deadlines for loan…
World Bank doubles Investments in Egypt to US$1.2 billion annually
The World Bank has decided to double its investments in Egypt to US$4.5 billion in the coming four years, reaching…
IMF raises Egypt’s Economic Growth Outlook to 4% in 2015
Egypt’s economy is projected to improve by 4.0 percent in 2015, according to the semi-annual World Economic Outlook…
IMF: Slowing Emerging-market Growth is sapping Global Economy
Global economic growth will climb only marginally this year as slowing output in major emerging markets and a…
Surging Dollar to boost Europe, Japan as US slows: IMF
The strengthening dollar is boosting growth in the euro area and Japan while taking some steam out of the U.S.…
Lagarde agrees on Athen’ Loan Payment Commitment
International Monetary Fund (IMF) chief Christine Lagarde has welcomed Athens’ commitment on loan payment to IMF…