Sunday , December 17 2017

Tag Archives: IMF

IMF hails Kuwait economic policies

KUWAIT CITY, Nov 5, (KUNA): The Chamber of Commerce and Industry said on Sunday that the International Monetary Fund has praised the Kuwaiti government’s efforts in tackling the impact of the drop in global oil prices through containing public spending. According to a statement, the chamber’s board member Dhirar Al-Ghanim …

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IMF cuts US economic forecasts on Trump fiscal plan uncertainty – Economy seen to grow 2.1 pct in 2017 & 2018

WASHINGTON, June 27, (RTRS): The International Monetary Fund (IMF) on Tuesday cut its growth forecasts for the US economy to 2.1 percent for both 2017 and 2018, dropping its assumption that President Donald Trump’s tax cut and fiscal spending plans would boost growth. The IMF, after a review of US …

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Kuwait’s economy to shrink by 0.2% this year: IMF – Oil output cuts pressure Mideast economic growth

DUBAI, April 18, (AFP): Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed at propping up energy prices, the International Monetary Fund said Tuesday. In its latest World Economic Outlook report, the IMF cut its 2017 growth forecast for the …

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‘Ill advice’ from the IMF; leave Kuwait SWF alone – Fund belongs to future generations

International Monetary Fund (IMF), in its publication on Kuwait last week, issued an advice for Kuwait to use its Sovereign Wealth Fund (SWF) for handling the current budget deficit. However, such an advice is an ill one. IMF should know that every penny of that fund belongs only to our …

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IMF urges subsidy reforms

KUWAIT CITY, Nov 16, (AFP): Kuwait must enact further subsidy reforms to trim its budget deficit resulting from low oil prices despite political sensitivity, the International Monetary Fund has said. Posting its first budget shortfall of $15 billion last fiscal year following 16 years of surpluses, OPEC member Kuwait has …

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Kuwait expected to return to fiscal budget surplus in 2017 – Protracted global risks confirm 2017 as a year of transition for GCC

DUBAI, Oct 8: The latest IMF World Economic Outlook (WEO) left global growth unchanged for 2016 and 2017, after growth for 2016 was slashed four consecutive times in their previous updates. Global growth was kept unchanged for 2016 and 2017 at 3.1 percent and 3.4 percent respectively. However, growth drivers …

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IMF says global debt tops $152 trln, urges some countries to spend more – Lagarde calls for action to revive global growth and tackle inequality

WASHINGTON, Oct 6, (Agencies): The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225 percent of global …

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IMF boss Lagarde to stand trial over $400 million payout

PARIS, July 22, (AFP): IMF chief Christine Lagarde was ordered Friday to stand trial in France over a massive state payout to a colourful tycoon when she was French economy minister, dealing a setback to her stellar career. France’s highest appeals court dismissed Lagarde’s challenge against the decision to try …

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Toward Kuwait’s Renaissance

Oussama Kanaan is the Director of the International Monetary Fund (IMF)’s Middle East Center for Economics and Finance (CEF) which is based in Kuwait. E-mail: okanaan@imf.org  website: www.cef.me — Editor By Oussama Kanaan Why is this education and training Center located in Kuwait?” This is the question I am most …

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IMF warns the US over high poverty, inequality – Both could hold back its economic potential

WASHINGTON, June 23, (AFP): The International Monetary Fund warned the United States Wednesday over poverty and rising inequality in the country, saying both could hold back its economic potential. The IMF cut its outlook for US economic growth this year to 2.2 percent, compared to 2.4 percent forecast at the …

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