What To Do About Egypt’s Contracting GDP

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What To Do About Egypt’s Contracting GDP(0)

The Egyptian economy contracted by 0.3% in the fourth quarter ending a politically-momentous but economically-forgettable year for the country. READ MORE HERE

: mmoneib /Free Photos

12 Qatar Highlights From IMF Report(0)

In the eyes of the International Monetary Fund, the greatest risk facing Qatar is a worsening of global liquidity and financing conditions. Individual banks, especially those that rely on large wholesale funding might face liquidity pressures and either have to resort to the central bank for dollar funding or deleverage, warns the IMF, apart from in foreign reserves of the central bank and lower valuation of Qatar’s external assets portfolio. READ MORE HERE

IMF Issues Global Economic Risk Alert… Again(0)

: arsalank2 /Foter

The year 2012 may not appear to be any better than 2011 as many businesses had hoped. A new update of the International Monetary Fund’s (IMF) World Economic Outlook, says global economy will rise 3.3% in 2012, a downward revision from 4% in its previous forecast.

Excluding Libya, MENA growth projections for 2012 and 2013 are set to be lower by -1.6 and -1.2 percentage points, respectively, than in the September 2011 WEO. READ MORE HERE

Egypt Spurns The IMF And Rushes Into The Arms Of Gulf States(0)

Even as the Egyptian Government looks to revive the country’s economy, it has turned down the International Monetary Fund (IMF)’s stand-by agreement. A bold move no doubt, but was it a populist decision or purely a financial one? And if the Egyptian Government’s decision to turn down the IMF a move to spurn Mubarak-praising entities, why is it borrowing from the Gulf?

Egypt’s decision to turn down International Monetary Fund (IMF) and the World Bank is a bold move, given that the country’s fiscal situation remains fragile. READ MORE HERE

SPECIAL COMMENT: What if the IMF Head was a Muslim, such as PIMCO’s El-Erian?(1)

By Rushdi Siddiqui, Head Of Islamic Finance At Thomson Reuters

The inflation adjusted billion dollar question has become, ‘what nationality should lead the International Monetary Fund (IMF)?’ It used to be the $64,000 question, and then became the million dollar question. This says something about the ‘naked’ dollar or US influence or both.

The tradition has been the Managing Director of the IMF was European. The traditional thinking has gotten us to where we are in today’s inter-connected, borderless, flat-wired world in real time, resulting in credit crisis induced systemic risks, corporate and government bailouts at the expense of hard working tax payers.
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Dubai Debt Burden Is ‘Unsustainable’: IMF(0)

Dubai’s debt problems refuse to go away, as the IMF warns that the emirate’s debt will rise to 53% of GDP by 2016 if it does not act. Plus, sanctions on Iran could shave as much as 0.7% of UAE’s GDP.

Dubai’s debt may become unsustainable in the absence of policy change, according to the International Monetary Fund (IMF) in its periodic report on the UAE. READ MORE HERE