Stocks Sink as Trade Wars Loom
U.S. President Donald Trump on Monday again called for better trade terms with the European Union and Canada, while saying the United States needs greater trade balance with China.
ARTF Steering Committee Approves Three-Year Partnership Framework and Financing Program
The Afghanistan Reconstruction Trust Fund (ARTF), the largest source of on-budget financing for Afghanistan’s development, will continue to support the government’s poverty reduction, service delivery and inclusive growth efforts, contributing up to $...
Iranian Merchants Hold Rare Protest in Capital's Grand Bazaar
Iranian merchants in the capital's Grand Bazaar held a rare protest Monday against the plummeting value of Iran's currency, the rial, as other demonstrators also took to the streets.
IMF Executive Board Completes First Review Under the Extended Credit Facility and Approves US$24.3Million Disbursement for Guinea
On June 25, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review of Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF). Completion of this review enables the...
Providing finance to Egyptian SMEs: EIB and Bank of Alexandria sign a EUR 20 million loan in support of local private sector
The European Investment Bank (EIB) and Bank of Alexandria (ALEXBANK) signed a financing agreement for EUR 20 million to support small and medium-sized enterprises (SMEs) and midcaps in Egypt. The operation comes under the EIB’s Economic Resilience...
IMF Staff Completes Review Mission to Gabon
An International Monetary Fund (IMF) mission led by Alex Segura-Ubiergo visited Libreville during June 13-25 to conduct discussions for the second review of Gabon’s extended arrangement under the Extended Fund Facility (EFF). The EFF-supported program...
Trump Threatens New Tariffs on Trading Partners
President Donald Trump has issued a warning to U.S. trading partners that unless they remove restrictions placed on American goods, they will face "more than Reciprocity by the U.S.A."
World Bank to Support Poverty Reduction Efforts in Guangxi
The World Bank’s Board of Executive Directors, on June 22, approved a US$400 million loan to help enhance the impact and efficiency of the consolidated poverty reduction program of China’s Guangxi Zhuang Autonomous Region. This is the first Program-...
IMF Executive Board Completes First Review Under the Policy Coordination Instrument for Seychelles
On June 21, 2018, the Executive Board of the International Monetary Fund (IMF) completed the first review under the Policy Coordination Instrument (PCI) for Seychelles. The Executive Board’s decision was taken without a meeting.
Turkey Joins Nations Placing New Tariffs on US Products
Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump's tariffs on steel and aluminum imports.
