Friday, 17 March 2017 PARIS: A letter exploded when it was opened at the offices in central Paris of the International Monetary Fund (IMF) on Thursday and one person was slightly injured, police sources said. The Paris police department said on Twitter an operation was ongoing at the offices of …
Read More »New Zealand rising household debt a risk to stability
Tuesday, 7 March 2017 WELLINGTON: The International Monetary Fund (IMF) said on Tuesday that rising levels of household debt are a risk to New Zealand’s financial stability, while the country’s central bank said it was considering increasing bank capital requirements. The IMF said the Reserve Bank of New Zealand …
Read More »IMF: US$440 million bailout loan for Mongolia
Monday, 20 February 2017 ULAANBAATAR: Mongolia reached an initial agreement with the International Monetary Fund (IMF) for a 3 year programme that includes a US$440 million loan package as part of a US$5.5 billion bailout to help the north Asian country with looming debt repayments. “The Asian Development Bank, the …
Read More »IMF board approves Egypt’s US$12billion loan agreement
Saturday, 12 November 2016 CAIRO: The International Monetary Fund’s (IMF) executive board has approved a three-year, US$12bil (RM52.8bil) loan to Egypt to support its economic reform programme. Its board’s approval allows for an disbursement of an initial tranche of US$2.75bil (RM12.1bil) of the loan. The remaining amount will be phased …
Read More »IMF upgrades Malaysia’s 2017 growth forecast
Tuesday, 25 July 2017 KUALA LUMPUR: The International Monetary Fund has upgraded its 2017 growth forecast for Malaysia to 4.8% from 4.5%. The upgrade was announced at a news conference here yesterday for the release of the fund’s updated World Economic Outlook. IMF Research Department economic counsellor and director Maurice …
Read More »International Monetary Fund warns Asia to act early on rapidly-ageing population
Wednesday, 10 May 2017 TOKYO: The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly ageing populations, warning that parts of the region risk “getting old before becoming rich.” Asia has enjoyed substantial demographic dividends in the past decades, but …
Read More »