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IMF 'Very Close' to New Loan Agreement with Egypt: Georgieva

Egypt and the International Monetary Fund (IMF) are in the final stages of discussions concerning the continuation of the country’s loan programme, Managing Director Kristalina Georgieva revealed on 2 February. "We are in this very last stretch when we are working on the details of implementation. We are very close. So we are not talking ....

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Israel conflict casting a cloud over global outlook: IMF MD

The IMF s flagship World Economic Outlook released Tuesday projected the global economy to slow to 3% in 2023 from 3.5% in 2022 and further to 2.9% in 2024. The multilateral lender raised India s growth forecast for FY24 to 6.3% from 6.1% estimated earlier. ....

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More monetary tightening required to contain inflation: IMF Chief

International Monetary Fund managing director Kristalina Georgieva said on Tuesday that while the global economy has shown some resilience, it is not widespread. Medium term growth prospects remain weak, with the gap between rising and vulnerable countries widening even further. In a statement released at the end of the meeting of G-20 Finance Ministers and Central Bank ....

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