The government's Vision 2030 reform programme, designed to reduce the kingdom's dependence on oil, has also given the economy a boost as more Saudis join the workforce, particularly women, the IMF said.

IMF estimates inflation in the UAE is expected to be at 3.7 per cent in 2022, falling to 2.8 percent in 2023. While these are among the lowest levels globally, businesses operating in the UAE are feeling the pressure of increasing costs, according to Grant Thornton's International Business Report. The...

The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6 percent growth rate this year. This would be the highest growth rate among advanced, emerging market and developing economies.

With price surges in major economies approaching 10 percent, central banks must stay the course and continue to raise interest rates until inflation retreats, the IMF's chief economist said.

Higher-than-expected inflation, especially in the United States and major European economies, is triggering a tightening of global financial conditions.

In its latest World Economic Outlook, the International Monetary Fund cut the 2022 global GDP estimate to 3.2 percent, four-tenths of a point lower than the April forecast, and about half the rate seen last year.

The North African country has seen its economy crippled by a crisis exacerbated by the coronavirus pandemic and the war in Ukraine, which has sent public debt soaring.

Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his resignation after months of widespread protests against his island nation's worst-ever economic crisis.

The International Monetary Fund is sending a team to Tunisia next week to begin formal talks on a new financial aid package, an IMF official said Friday.

The head of Tunisia's powerful UGTT trade union confederation on Thursday rejected conditions set by the International Monetary Fund for a new loan to bail out the country's struggling economy. "We reject the conditions set by the IMF, given Tunisians' low salaries, lack of means, rising poverty and unemployment," Noureddine...

Tunisian President Kais Saied on Tuesday urged the International Monetary Fund to take into account the social impact of any economic reforms it may demand as part of a bailout package.

Up to three million workers could observe the strike, shuttering 159 state agencies and public companies and bringing public transport, the postal service, and utility firms to a halt.

Pakistan's new government, grappling with soaring inflation and political unrest, unveiled a 9.5 trillion rupee ($47 billion) budget Friday, earmarking more than 40 percent to service the country's massive foreign and domestic debt.

The Central Bank of Iraq has announced an increase in its capital to 5 trillion dinars ($3.42 billion) Iraqi media reports said recently that the bank decided to its capital from 3 trillion dinars to 5 trillion dinars. "This increase comes to enhance the results of its balanced policies with...

Here’s a look at the challenges that await incoming lawmakers in a country where there is little consensus on a roadmap for financial recovery.

Lebanon is going through a severe economic crisis, described by the World Bank as one of the world's worst since the 1850s.

Lebanese deputy prime minister Saadeh Al-Shami has said that during his meetings last week with World Bank and IMF officials, he gathered that any help to pull the country out of its difficult economic situation is conditional on implementing agreed upon reforms. A statement by his media office, local media...

“At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a top US diplomat has said.

The Asian region faces a "stagflationary" outlook with economic growth being lower than previously expected and inflation being higher, a senior International Monetary Fund (IMF) official said on Tuesday (Apr 26). "Monetary tightening will be needed in most countries, with the speed of tightening depending on domestic inflation developments and...

Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP. The region relies on Russia for the vast majority of its energy needs, especially natural gas, and IMF economists looked at the economic cost of...

Faced with surging inflation that is hitting poor families especially hard, which has sparked unrest in some countries, policymakers should take immediate steps to offset the pain with targeted and temporary relief, IMF chief economist Pierre-Olivier Gourinchas said Tuesday. "We've seen already in some countries people protesting when they see...

Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the International Monetary Fund downgraded its global growth forecast for 2022. The IMF lowered its outlook to 3.6 percent -- a .08 percent slash from its previous estimate released in January...

Russian officials are expected to participate remotely in this year's G20 meeting led by Indonesia.

Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion in direct material damage. It may have also reduced annual economic growth by 1-2 percentage points on a per-capita basis, it adds.

The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said Thursday. Families already were struggling with higher energy and food prices and "the war has made this much worse."

The IMF plans to raise at least $45 billion for a new trust to help ‘low-income and vulnerable middle-income countries’.

Major international organizations issued an appeal on Wednesday for urgent measures to deal with rising food insecurity in poor countries.

The conflict also has caused prices of grains and energy to soar.

The IMF announced Thursday a conditional agreement to provide Lebanon with $3 billion in aid to help it emerge from a severe economic crisis, following months of negotiations. The deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global...

The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020 debt default, and officials in Beirut applauded the announcement as it will open the door to additional financial support.

Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The claims seemed to be in line with exclusive reporting from TRENDS in December that said around $7 billion was missing from BDL’s books.

The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of Covid-19, after worldwide GDP rose 5.9 percent last year.

Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one million people fleeing Ukraine. Officials have reported hundreds of civilians killed.

The IMF and the World Bank have promised to provide financial support to Ukraine, saying that they are saddened by the devastating human and economic toll brought on by the Russian invasion.

The World Bank and IMF warned on Thursday that Russia's invasion of Ukraine would have repercussions for the global economic recovery.

The UAE government has been praised by no less than the International Monetary Fund for the handling of its economy during the pandemic.

After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help Lebanon overcome its "unprecedented and complex" economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as...

Lebanese officials began talks with the IMF last month to pull the country out of the worst economic crisis in its history. Despite the economic collapse, Lebanon’s ruling class has blocked reforms that foreign donors say must happen before aid is dispensed.

GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.

The annual meetings set to take place in Morocco will be held in Washington.

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.

The rise in international raw material prices has increased subsidy spending in Tunisia, Algeria, and Morocco.

A funding crisis battering China's big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully curb the threat. It warned there were "concerns of negative spillovers to the broader economy and global markets".

Lebanese officials began much-delayed talks with the International Monetary Fund Monday on support measures aimed at lifting the country out of its worst-ever economic crisis. "We hope the negotiations will be concluded as soon as possible, but given the complexity of the issues it is possible that other rounds will...

The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.

Tunisia's debts have soared to nearly 100 percent of Gross Domestic Product.

The IMF's warning that developing nations are about to face what it called “economic turbulence” is bad news for the GCC as it may hamper the revival of regional economies.

Emerging economies should gird for possible rough times as the US Federal Reserve prepares to raise interest rates and world economic growth slows because of the Omicron variant of Covid-19, the IMF warned Monday. The International Monetary Fund, which is scheduled to release updated economic forecasts on January 25, said...

Negotiations with the IMF opened in May 2020, but after two months they stalled amid arguments over the size of financial losses.

Debt-ridden Tunisia unveiled a 2022 budget on Tuesday that will see it borrow almost $7 billion more, as it seeks to stimulate an economy battered by the coronavirus pandemic. The 2022 finance law boosts spending by over three percent year on year to 57.3 billion dinars ($19.8 billion, 17.6 billion...