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Loan Programme

All articles tagged with #loan programme

international-relations2 years ago•1 min saved

IMF Considers Expanding Egypt's Loan Program Amid Gaza War Devastation

The International Monetary Fund (IMF) is considering increasing Egypt's $3 billion loan program due to the economic impact of the Israel-Gaza war. The war has caused economic difficulties for Egypt, including increased bills for wheat and oil and a decline in tourism. The IMF had previously agreed to grant Cairo the loan, which includes policies to promote private sector growth. The war has also had severe impacts on the economies of the West Bank, Lebanon, and Jordan. At the Asia-Pacific Economic Cooperation (APEC) Summit, leaders remained divided over the Gaza crisis, with some objecting to discussing geopolitical issues at the forum.

via Al Jazeera English|

#economic-impact #egypt #gaza-war

politics3 years ago•2 min saved

Pakistan's Last-Ditch Efforts to Secure IMF Loan

Pakistani Prime Minister Shehbaz Sharif met with IMF Managing Director Kristalina Georgieva in Paris and reiterated Pakistan's commitment to completing the loan programme with the financial institution. Sharif appreciated the IMF managing director for taking into consideration the economic realities of Pakistan and said that Pakistan valued the assistance of the world in coming out of its severe economic challenges. The PM said important measures needed to be taken for restoring the economy that had been battered in the four years of the previous government, adding that revival of the economy would help in better achievement of targets of the IMF.

via The News International|

#economic-challenges #imf #loan-programme