Last month, the IMF said it reached a staff-level agreement with Egypt on the fourth review of the 46-month Extended Fund Facility arrangement
International Monetary Fund
Latest in International Monetary Fund
Central Bank of Egypt
Egypt secures IMF staff-level approval for $1.2bn funding in fourth review
The agreement includes recalibrating Egypt’s fiscal commitments to create space for critical social programmes benefiting vulnerable groups and the middle class, while ensuring debt sustainability
IMF
Saudi Arabia’s GDP growth revised down to 1.5% by IMF for 2024
The Fund, however, estimated the Kingdom’s GDP growth to accelerate to 4.6% next year
global economy
World’s $100tn fiscal time bomb keeps ticking, cautions IMF
The warning note comes as ministers and central bankers gather in the US capital city for the IMF’s annual meeting, commencing on Monday
Abu Dhabi
UAE plays critical role in Egypt economic turnaround with $35bn investment: Report
ADQ’s $35 billion investment in Ras El Hekma development singled out as the turning point in the fiscal fortunes of the country
Boston Consulting Group
UAE economy set for further growth in 2024 as tourism, finance and construction thrive
UAE economy will see continued growth in H2 despite global economic uncertainties
China
IMF boosts China 2024 growth forecast to 5%
The upgrade followed an IMF visit to China for a regular assessment
economic outlook
IMF upgrades UK growth forecast as economy exits recession faster than expected
The latest projections from the IMF come at a time when the UK is going to the polls this July
