Latest in Tag: IMF Highlight

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Latest in Tag: IMF

International Monetary Fund IMF

IMF’s largest SDR allocation in history takes effect

The International Monetary Fund (IMF) announced on Monday that its new allocation of Special Drawing Rights (SDRs) equivalent to $650bn, the largest in the IMF’s history, comes into effect, in an effort to help countries recover from the COVID-19 pandemic.    “The allocation is a significant shot in the arm for the world and, if …

Daily News Egypt

Celine Allard, IMF Mission Chief for Egypt

IMF does not forecast Egypt needing any external financing going forward: Egypt Mission Chief

Under the International Monetary Fund’s (IMF) current baseline, the organisation does not forecast Egypt needing any external financing going forward, according to Celine Allard, IMF Mission Chief for Egypt. Her remarks came during a virtual press conference held to mark the IMF’s second review for Egypt’s economic reform programme. The programme was supported by the IMF Stand-By Arrangement (SBA) …

Nehal Samir

IMF approves 12-month $5.2bn Stand-By Arrangement for Egypt

IMF to upward revise global forecast for 2021, 2022

Georgieva said that in January, the IMF projected global growth at 5.5% in 2021, but now expects a further acceleration. This is partly driven by additional policy support, including the new fiscal package in the US, and partly because of the expected recovery, powered by the vaccine rollout for the novel coronavirus (COVID-19) in many advanced economies later this year.

Nehal Samir