Saudi Arabia Contemplating Wide-Ranging Cuts Under Price Pressure

Bloomberg has cited anonymous but well placed sources that Saudi Arabia is working with advisers on a review of the country’s capital spending plans to save money.

Mozambique in Good Shape But Must Keep an Eye on State Firms: IMF

Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursday.

Local Borrowing to Fund Saudi Deficit Prompted by Oil Prices, Experts Say

Saudi Arabia is likely to bridge its widening fiscal gap by resorting to domestic borrowing in the near future, according to economists and the International Monetary Fund (IMF).

IMF Forecasts Lower Prices to Hurt Africa’s Oil producers

Lower oil prices will reduce growth in sub-Saharan Africa's major petroleum producing countries and push governments to implement significant policy adjustments, the International Monetary Fund said on Tuesday.

IMF Cuts Sub-Saharan Africa’s GDP Growth to 4.5% on Oil Plunge

The International Monetary Fund cut its economic growth forecast for sub-Saharan Africa this year by 1.25 percentage points as plunging oil prices force exporters to curb spending plans.

IMF and World Bank to Consider Effects of Low Oil Prices

One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy.

Oil Prices Force Kuwait’s Hand Over Corporate Tax, Talking to IMF

Kuwait has sought help from the International Monetary Fund (IMF) to introduce corporate taxes in a bid to diversify revenue in the face of falling oil prices, a senior government official said.

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