IMF

Low Oil Prices Forces IMF to Cut Global Growth Forecast Again

The International Monetary Fund (IMF) has cut its outlook for 2016 economic growth for the fourth time in the past year, citing low oil prices, China’s slowdown and chronic weakness in advanced economies.

IMF Cuts Nigeria’s Growth Forecast to 2.3% in 2016

The International Monetary Fund (IMF) cuts again its growth forecast for Nigeria as the oil exporter faces "substantial challenges" due to low crude prices.

Egypt Denies Planning Loan Talks with IMF

Egypt has denied recently published reports that it was seeking a loan from the International Monetary Fund (IMF), Central Bank of Egypt (CBE) Governor, Tarek Amer.

MENA Oil Exporters Lost Over $340b from Oil Slump

Oil-exporting countries in the Middle East and North Africa (MENA) lost more than $340b in oil revenue from their budgets in 2015, according to the International Monetary Fund (IMF) Chief. Reengineering tax systems c ...

IMF Recommends Bahrain to Adopt Further Austerity Measures

Bahrain has announced austerity measures in line with IMF recent recommendations, in a bid to return to international bond market and to finance its expanding budget deficit of 15% of the country's GDP.

IMF, World Bank Ponder $4b Emergency Loan to Azerbaijan

The International Monetary Fund (IMF) and World Bank (WB) are negotiating a possible $4b emergency loan for oil exporting country, Azerbaijan, helping it to cope with mounting currency and budget pressures due to a s ...

IMF Chief to Discuss Economic Developments with Nigeria and Cameroon

International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting bo ...

IMF to Help Saudi with Tough Choices, Lagarde

The decline in oil prices has increased the importance of reforms to switch the focus of growth from the public sector to the private sector in Saudi Arabia, said Christine Lagarde, managing director of the IMF.

IMF: GCC Diversification Solution to Oil Price Dilemma

The IMF expects oil prices to average $52 a barrel in 2015, down from $110 a barrel in the first half of 2014

IMF Calls on Africa to Cut Fuel Subsidies, Diversify, Exert Fiscal Discipline in Low Oil Price Era

David Robinson, the IMF vice-director, has called on the African nations to adopt a package of policies to better ride out the ill-effects of the collapse of oil prices

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