Kuwait: IMF calls for more critical reforms

The International Monetary Fund (IMF) has warned that “further subsidy reform is critical” in Kuwait because the country’s “fiscal and external accounts have deteriorated markedly.” The implementation of austerity reforms by the government generated displeasure and the demand for more Read more

Egypt Floats Currency by 48% as Crisis Worsens

The Egyptian Central Bank dropped the Egyptian Pound’s (EGP) value by 48% and raised interest rates by 300 basis points for “one night only” as part of its efforts to re-balance the currency market. The decision has already yielded some Read more

Marrakech Hosts Seminar on Energy Transition, NDCs & Post-COP21

The International Monetary Fund (IMF), the Center on Global Economic Governance (CGEG) and Morocco’s OCP Policy Center are holding a seminar on “Energy Transition, NDCs, and the Post-COP21” in Marrakech Sept.8-9th. In preparation for COP22 due in Morocco next November, Read more

IMF Nods to KSA’s Vision 2030, Awaits Supporting Policies

The International Monetary Fund has applauded Saudi Arabia’s economic reform program under Vision 2030 as being “an appropriately bold and far-reaching transformation of the Saudi Arabian economy.” IMF said ensuring the success of the long-delayed reforms announced last month will Read more

IMF Nods to Bahrain’s Reform Efforts

35The International Monetary Fund (IMF) has welcomed the economic and financial reforms undertaken by Bahrain to battle fiscal and external imbalances. The Executive Directors of the IMF signaled that the low global oil prices have “adversely affected” the country’s economy Read more