Masood Ahmed News
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The International Monetary Fund said it isn’t worried about Dubai’s ability to meet its financial obligations after the emirate that almost defaulted in 2009 successfully managed to reschedule payments.
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The International Monetary Fund expects that “if everything moves forward,” talks with Egypt over a $3.2 billion loan should conclude “in the next couple of months,” the fund’s regional director said.
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Iran’s currency crisis will probably deepen the Islamic republic’s economic contraction this year by more than the International Monetary Fund had estimated, the fund’s Middle East chief said.
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Egypt will include the latest economic developments and political feasibility in its economic plan to secure a $4.8 billion loan from the International Monetary Fund, a fund official said.
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Egypt’s leaders rejected U.S. charges that they are stifling free speech, a dispute that has clouded Egyptian efforts to nail down a $4.8 billion loan from the Washington-based International Monetary Fund.
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Afghan authorities need to prevent a repeat of the conditions that led to Kabul Bank’s collapse, before the International Monetary Fund agrees to an economic program, the institution’s regional chief said.
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Egyptian President Mohamed Mursi swore in new security and finance chiefs and bolstered the Islamists in his government in an overhaul aimed at charting a new course for the nation as it pushes ahead with the resumption of talks with the IMF.
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An International Monetary Fund director is slated to meet today with Egyptian officials amid efforts to advance a stalled $4.8 billion loan agreement, a day after opponents and backers of President Mohamed Mursi clashed near the Muslim Brotherhood’s Cairo headquarters.
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An International Monetary Fund official will visit Egypt on March 17 to meet with authorities amid political unrest that has stalled a $4.8 billion loan, a fund spokesman said.
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The International Monetary Fund will raise its economic growth forecasts for Dubai and the United Arab Emirates as progress in debt restructuring and government spending boosts the economy, IMF Middle East Director Masood Ahmed said.
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