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IMF Lauds Lebanon Steadiness, Warns of Debts

IMF Lauds Lebanon Steadiness, Warns of Debts

London- The International Monetary Fund (IMF) announced that the Lebanese economy has shown resilience despite the burden of Syrian refugees escaping the war in their country. Yet, IMF warned Lebanon that it should control the sovereign debts. Chris Jarvis, an IMF...
Jordan Debts Reach USD37 Billion

Jordan Debts Reach USD37 Billion

Amman – Jordan Finance Ministry stated that the public debt of the kingdom has reached JOD26,542 billion (USD37,424 billion) in the first quarter of 2017 representing 95.1% of the GDP. The ministry revealed in its monthly publication issued on Thursday that...
Tunisia Turns to International Markets to Borrow

Tunisia Turns to International Markets to Borrow

Tunisia- Tunisia has announced its determination to turn to European financial markets, namely in Germany, to receive EUR1 billion (approximately TND1.437 billion) to support more resources in the state’s treasury. Representatives of Tunisia’s government began holding...
Sudan to End Subsidies by 2019

Sudan to End Subsidies by 2019

Khartoum, London- Sudanese Minister of State for Finance Magdi Hassan Yasin stated that his country plans to end all subsidies on food and fuel by 2019 and forecasts the lifting of U.S. sanctions will earn its hard currency-starved economy USD4 billion per year in...
Tunisia Reduces Poverty from 20.5% to 15.2%

Tunisia Reduces Poverty from 20.5% to 15.2%

Tunisia- The poverty rate in Tunisia was down from 20.5% to 15.2% in the period extending from 2010 to 2015, as per a quinquennial survey on consumption made public by Hédi Saidi, the general director of the National Institute of Statistics. “From 2010 to 2015, the...