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IMFSEC's Finance Minister: Price movements have recently weakened support estimates for the next 70 billion pound yuan, revealing the IMF's report on the first two referrals to the extended credit relief program with Egypt for high fuel support estimates over the current and forthcoming two-year periods, more than double the government's estimates, and the IMF expects Egypt's fuel bill to rise...See the Story
Monetary Fund: Next-generation cash support doubles government estimates
Property · PittsburghSri Lanka’s Cabinet of Ministers on Friday approved a new legislative bill, endorsed by the International Monetary Fund (IMF) that will allow the state to confiscate any property or proceeds resulting from criminal activities, a spokesperson for the cabinet told local media. Under the new law, known as the Proceeds of Crime Act (POCA), the government will be entitled to freeze and/or confiscate any assets they suspect are the proceeds of crimin…See the Story
Sri Lanka cabinet approves IMF-backed civil forfeiture law allowing government to seize proceeds from illegal activity
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Shehbaz Sharif · PakistanPrime Minister Shehbaz Sharif on Sunday met with Managing Director (MD) of the International Monetary Fund (IMF) Kristalina Georgieva wherein he reiterated his government’s commitment to put Pakistan’s economy back on track. In the meeting held on the sidelines of the World Economic Forum Special Meeting here, the prime minister said that he had directed his financial team, led by Finance Minister Muhammad Aurangzeb to carry out structural refor…See the Story
PM meets IMF chief; reiterates govt’s commitment to revive Pakistan’s economy
IMF · EgyptRIYADH – Managing Director of the International Monetary Fund Kristalina Georgieva, affirmed that the IMF supports Egypt in its structural reform measures aimed at improving the Egyptian economy, praising the positive impact of the steps taken on the Egyptian economy. This came during a meeting between Prime Minister Moustafa Madbouli and Georgieva on the sidelines of the opening session of the special meeting of the World Economic Forum in Riya…See the Story
IMF: We support Egypt in all measures aimed at introducing economic structural reforms - Egyptian Gazette
Central Bank · EgyptMuhammad Moulay, the economist and chief shareholder of the Egyptian stock exchange, predicted that the Egyptian Central Bank's monetary policy committee at its third meeting this year, scheduled for May 23 to determine the fate of the interest rate, would fix the interest rate according to the latest extraordinary meeting held on March 6 after raising it by 6 percent. And Moulay said that fixing the interest rate would be the closest scenario t…See the Story