#International Monetary Fund (IMF)

The answer to the barrage of criticism by opposition parties over the government’s decision not to extend the tax discount on fuel beyond last month was provided by the ...

By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the Cypriot ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

The taxpayer will have to provide another €60m that was not budgeted this year to pay for the increase in CoLA (from 50 to 67.7 per cent of the rise in the ...

Pakistan’s finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was “very close” and expected in the next 24 hours. Islamabad is ...

The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released on Tuesday by the International Monetary ...

Cyprus’ economy will grow by 2.5 per cent this year as both inflation and unemployment recede, according to the latest forecast from the International Monetary Fund. In its April ‘World Economic ...

Staff seem to have sacrificed quality for quantity in their obsession with the cult of GDP growth The concluding statement of the IMF outlining its preliminary findings at the end ...

The further extension of electricity subsidies will continue if the cabinet decides to continue with the support, President Nikos Christodoulides said on Saturday, following reports that when the subsidy expires ...

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as ...

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The comments ...

Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, ...

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, ...

The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund said in ...

The scramble for quick solutions to secure affordable and reliable energy could imperil climate action There is no question that the energy crisis has forced governments to reconsider their priorities, ...

France will release some 4 billion International Monetary Fund (IMF) Special Drawing Rights (SDRs), worth about 5 billion euros to the world’s most vulnerable countries under a G20 programme and expects ...

International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said the fragmentation of the world economy into geopolitical blocs ...

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both ...

The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected ...

Lebanon’s parliament on Friday suspended talks on the 2022 budget after a walk-out by lawmakers sent attendance below quorum, further delaying efforts to complete requirements to access IMF funds to ...

The International Monetary Fund (IMF) executive board on Wednesday evening concluded its article four consultation for Cyprus, which included an assessment of the country’s economic and financial developments. According ...

Lebanon’s efforts to secure $3 billion in International Monetary Fund support to help it tackle its financial crisis could be derailed by divisions over how to deal with massive financial ...

Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nation of 22 million people struggles with prolonged power cuts and a shortage of ...

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund (IMF) has said, adding that the key ...