Egypt stock market jumps on news of IMF loan talks
Egypt’s stock market rose sharply early on Wednesday (July 27) in response to news that Cairo was near agreeing an International Monetary Fund lending programme. The main Egyptian equities index was 3.3 percent higher after five minutes of active trade. Blue-chip stocks favoured by foreign investors surged with Commercial International Bank, the largest listed lender, jumping 4.5 percent. Late on Tuesday, the government said it...
IMF downgrades world economy prognosis due to Brexit
The international monetary fund (IMF) has lowered the prognosis of the world economy growth in 2017-2018 following the referendum results on withdrawal of Great Britain from the EU, reports the Russian service BBC. “According to the updated prognosis, the world economy will grow up by 3.1% in 2016 against 3.2% in April prognosis, while in 2017 – by 3.4% against earlier forecasted 3.5%,” the message reports. The...
Bosnia Keeps Details Of IMF Deal Under Wraps
Author: Rodolfo Toe Bosnian opposition parties are demanding that the government disclose details of the agreement reached at the end of May with the International Monetary Found, IMF, saying the conditions attached to the new loan of 550 million euros are of public importance. “The content of the letter of intent between Bosnia and the IMF, and the obligations that our government has undertaken must be made public because this...
We Have Entered The Looting Stage Of Capitalism
Author: Paul Craig Roberts We Have Entered The Looting Stage Of Capitalism Germany’s Assault On The IMF Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion . The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on...
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