Keywords: IMF


IMF urges MENA countries to turn crises into opportunities for sustainable growth

The International Monetary Fund (IMF) has called on countries across the Middle East and North Africa (MENA) to seize the current period of global uncertainty as an opportunity to accelerate structural reforms and build stronger, more resilient economies. Speaking at the opening of the second annual......

IMF warns global economy remains vulnerable despite strategic oil reserve releases

The global economy continues to face significant downside risks despite the successful use of strategic oil reserves to limit recent spikes in energy prices, according to the International Monetary Fund's (IMF) Chief Economist, Pierre-Olivier Gourinchas. Speaking about the recent volatility in global......

IMF says normalization of energy and commodity prices will take time

The International Monetary Fund (IMF) has said that the normalization of global energy and commodity prices will take time, even after recent developments that eased tensions in key energy-producing regions. According to the Fund, a decline in energy and raw material prices has been observed following......

Senegal faces growing debt concerns as IMF talks continue

Senegal is facing increasing financial pressure as concerns grow over the sustainability of its public debt. While discussions between the government and the International Monetary Fund (IMF) continue, many investors are becoming more pessimistic about the country's ability to meet its financial......

Sri Lanka monetary stance remains appropriate, IMF says 3% growth target achievable

The International Monetary Fund (IMF) has stated that Sri Lanka’s current monetary policy remains broadly appropriate, adding that the country still has a realistic path toward achieving its 3% economic growth target. According to the IMF mission chief for Sri Lanka, the country’s economic......

Senegal appoints economist Lo as prime minister after Sonko dismissal

Senegalese President Bassirou Diomaye Faye appointed Ahmadou Al Aminou Lo as the country's new prime minister on Sunday, selecting a 60-year-old economist and former senior official at the Central Bank of West African States (BCEAO) to lead the government three days after dismissing his former political......

Egypt raises natural gas prices for industries amid global energy volatility

Egypt has increased natural gas prices for several industrial sectors as part of broader efforts to respond to rising global energy costs and reduce public spending on subsidies. The decision, announced through a government decree, took effect in May and primarily targets energy-intensive industries. The......

Egypt’s economic outlook slightly revised down amid regional tensions

Egypt’s economic outlook has been slightly downgraded by analysts, as rising regional tensions linked to the conflict involving Iran continue to weigh on global energy markets and inflation. According to a recent survey of economists, growth projections for Egypt’s gross domestic product......

EU ministers set to fast track clean energy shift after fuel shock

European Union foreign ministers are preparing to endorse an accelerated transition toward clean energy in response to the fuel market disruption triggered by the war involving Iran and the closure of the Strait of Hormuz. A draft of the conclusions frames the current crisis as a catalyst to reduce dependence......