IMF to accelerate talks with Iraq and Lebanon as Mena support grows | The National
Fund looking at opportunities in region, managing director Kristalina Georgieva says
Business
IMF members call for more support amid war shocks, 'advanced intelligence' risks
By David LawderBANGKOK, Oct 17 (Reuters) - International Monetary Fund member countries called for increasing support to countries that are facing short-term financing challenges caused by negative spillovers from wars and high energy prices, and said economic risks remain tilted to the downside.And while there has been a boost to investment and trade from "advanced intelligence technologies", they also carried risks, the chair of the International Monetary and Financial Committee said in a statement after a meeting in Bangkok.
Business
IMF to ‘firmly’ support Iraq, more work needed on Lebanon program, Georgieva says
IMF Managing Director Georgieva stated that the IMF plans to strongly support Iraq’s loan program while intense discussions continue for Lebanon. Progress toward a loan program for Lebanon is being made.
Business
Al-Jadaan: Wars and Supply Disruptions Heighten Risks to Global Economy
Saudi Arabia's Finance Minister Mohammed Al-Jadaan, Chair of the International Monetary and Financial Committee (IMFC), said that ongoing wars, conflicts and supply chain disruptions were imposing significant human and economic costs worldwide and adding to price pressures, particularly in the poorest and most vulnerable countries. In remarks at the Committee's 54th meeting in Bangkok, Jadaan stressed the need to strengthen economic and financial stability, step up international cooperation and end conflicts to achieve sustainable growth and long-term stability.