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.
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.
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.
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.
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.
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.