Angola's Finance Ministry has halved its economic growth forecast for this year and decreased government's expenditure amid the fall of oil prices which affected the state revenues.
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) reports predicted a 3.1% growth in emerging markets in the next two years, compared to 2.5% in 2015, with Egypt expected to see a growth decline.
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.
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 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.
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 ...
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.
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 ...