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Iran urges IMF to grant Iran loans despite US pressure
Governor of Central Bank of Iran (CBI) Abdolnasser Hemmati called on the International Monetary Fund (IMF) to give Iran the emergency loans it needs to fight the coronavirus outbreak in the country.
South Korea vows to join IMF's move to help low-income nations hit by pandemic
South Korea will join a move by the International Monetary Fund (IMF) to help low-income nations recover from the coronavirus pandemic, Finance Minister Hong Nam-ki said on Wednesday.
IMF chief economist expects slow global recovery with pandemic not under control
Global economic recovery is going to be slow as long as the COVID-19 pandemic is not under control, International Monetary Fund (IMF) chief economist Gita Gopinath has said, calling for multilateral efforts to contain the virus.
INSTEX can process Iran’s IMF loan, EU3 refusing to cooperate: MP
Chairman of the Iranian Parliament’s National Security and Foreign Policy Committee Mojtaba Zonnouri said the three European powers who are member to an international nuclear deal with Iran are unwilling to use a proposed financial mechanism for processing Tehran’s loan request from the International Monetary Fund (IMF).
Oxfam says IMF loans force spending cuts that exacerbate poverty
The vast majority of International Monetary Fund loans extended during the COVID-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam said.
IMF approves aid for world's 28 poorest countries
The International Monetary Fund approved new emergency aid for 28 of the world's poorest countries to help them alleviate their debt and better cope with the impact of the coronavirus pandemic.
Brazil GDP decline set for less than feared at 5.8 percent: IMF
Brazil's economy is set to shrink by 5.8 percent in 2020, the International Monetary Fund said, revising up an earlier forecast but warning the country faced "exceptionally high" risks.
IMF raises Colombia's credit line to $17.2b
The International Monetary Fund announced it had raised by $6.5 billion a credit line offered to Colombia to about $17.2 billion, aiming to help the country cope with the economic effects of COVID-19.
IMF chief warns global economic crisis 'far from over'
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is "unlikely" without a vaccine, IMF chief Kristalina Georgieva said Wednesday.
Argentina looks to IMF for more breathing space
After reaching a $65 billion restructuring agreement in principle with its creditors earlier this month, Argentina must now turn to relief from the International Monetary Fund to free up cash in the near term, the Institute of International Finance said.
Ankara shuns IMF help even as Turkish lira crashes to record low
Despite the Turkish lira hitting a record low against the dollar and euro, Ankara has so far resisted asking for help from the International Monetary Fund (IMF).
IMF delays Angola meeting on bigger loan to allow for more talks
The International Monetary Fund’s executive board postponed a meeting on Angola until at least the second half of August to allow more time for work with authorities in the southern African nation who have asked for a bigger loan.
IMF's chief economist urges 'equity-like' governments support for virus-hit firms
International Monetary Fund Chief Economist Gita Gopinath said on Friday governments must shift to “equity-like” support from one focused on liquidity provision as the coronavirus pandemic inflicts prolonged harm on companies.
Lebanese finance minister says bailout talks with IMF 'on hold'
Bailout talks between Lebanon and the International Monetary Fund (IMF) have been suspended, as the local authorities need to agree on reforms to be implemented to settle the ongoing economic crisis as soon as possible, Finance Minister Ghazi Wazni said.
Egypt secures $5.2b IMF loan amid coronavirus fallout
The International Monetary Fund approved Egypt’s request for a $5.2 billion loan as the country’s economy reels from the financial fallout of the coronavirus pandemic.

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