Sources say that the United States is trying to prevent the start of a powerful tool in the International Monetary Fund (IMF) that would increase liquidity and help COVID19-affected countries such as Iran.
Read More »IMF Says Assessing Iran’s Loan Request Takes Time
The International Monetary Fund (IMF) announced that assessing Iran’s request for $5 billion in emergency financing in a process takes time because IMF’s engagement with Tehran has been limited in recent times.
Read More »Iran Can Take Back Paid Membership Fee to IMF
After the United States opposed the IMF loan grant to Iran, a member of the Iranian Parliament's Plan and Budget Commission said that Tehran can take back its membership fee paid to the Fund over the past years.
Read More »IMF Predicts Improvement of Iran’s Economic Growth, Inflation Rate in 2020
International Monetary Fund (IMF) on Tue. predicted that Iran’s economic growth and inflation would improve during the outbreak of coronavirus, COVID-19.
Read More »IMF Urges Action to Face Big Drop in Mideast Growth
The International Monetary Fund (IMF) called Tuesday, March 24, for urgent action from Middle East governments as the coronavirus pandemic threatens a persistent slump in oil revenues and a “big drop” in growth. The IMF said a dozen Middle Eastern and North African countries had already approached it for financial …
Read More »OPEC+ will Consider Deeper Cuts in Face of Lingering Coronavirus Threat
Saudi Arabia and some other countries are looking for a 1 million bpd output cut for Q2. 2020 amidst weakening global demand.
Read More »World Economy Faces Worst Year Since 09 as Virus Hopes Fade
The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound.
Read More »World Bank Head Says Virus Expected to Weigh on First-Half Global Growth
World Bank President David Malpass said global economic growth in the first half of 2020 is likely to fall short of the 2.5% pace that the lender has forecast for the full year.
Read More »Lack of Reforms Is Hurting Global Economy
The lack of deeper improvements in the global economic system is hindering what’s already an anemic outlook for growth. especially as the shock caused by the coronavirus.
Read More »Asian Markets Fall as Coronavirus Hits Earnings. Growth
China is the world’s biggest importer and consumer of oil.
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