Measures imposed by some GCC and other states on 5 June following the diplomatic rift with some trading-partner countries led to a sharp contraction in imports into Qatar in June with a slight recovery in July but its non-oil growth…
Tag: IMF
IMF calls for tough economic measures
fiscal and external vulnerabilities have increased in the wake of the oil price decline, the IMF said today in a statement following the end of its annual Article IV consultation with the government of the kingdom. Real GDP growth is…
IMF says Saudi current account to return to surplus this year
Saudi Arabia’s current account is projected to move back into surplus in 2017 after recording massive deficits due to lower oil prices in the past two years, the IMF said in a statement released today following the completion of its…
IMF calls for Saudi Arabia to ease austerity measures
Saudi Arabia is making progress with its fiscal adjustment programme designed to deal with lower oil prices since 2014 but does not need to meet its self-imposed target of eliminating the budget deficit by 2020, the IMF says in a…
IMF says UAE non-oil growth to quicken on fiscal measures, trade and increasing Expo 2020 investment
The UAE’s large financial buffers, diversified economy and robust policy responses are facilitating adjustment to the new oil-market realities while safeguarding the economy and the financial system, the IMF said today following the completion of its annual Article IV consultations…
Qatar government needs $44bn to finance deficits to 2021
Qatar’s government will need a total of QR 159bn ($43.7bn) in 2017-21 to deal with budget deficits forecast for the period, the IMF’s 2017 Article IV report on the country says. The fund forecasts total Qatar government debt will rise…
Egypt has $5bn-6bn financing gap
Egypt is seeking $5bn in bilateral financing to complement the $12bn that the IMF plans to lend Cairo to support the fund’s three-year economic stabilisation programme, the IMF’s Middle East & Central Asia department director Masood Ahmed said at a press…
IMF says Iran GDP growth to be 4.5 per cent this year
The IMF said in a statement released today at the end of annual Article IV talks with Iran that the Islamic republic’s economy will expand robustly this year, inflation is moderating and the government is implementing major reforms to accelerate growth.…
Egypt faces tough transition to meet IMF demands
Egypt’s President Sisi Egypt has promised the IMF it will apply the most far-reaching reforms in the modern era as part of the deal underpinning the fund’s plan announced last week to lend Cairo the equivalent of $12bn. On 11…
Egypt heads for IMF deal in September
A major IMF deal for Egypt involving a credit of up to $12bn could be finalised by September, Fitch Ratings says in a report released today. “Securing an IMF funding deal would be credit positive for Egypt, but implementation…