The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability.

TEHRAN (Iran News) – Raising income tax on the wealthy will help close the growing inequality between rich and poor and can be done without harming growth, the head of the IMF said. Kristalina Georgieva, the managing director of IMF, said higher marginal tax rates for the better off were needed as part of a […]

TEHRAN (Iran News) – Iran’s Economy Minister Farhad Dejpasand called off his trip to Washington, DC, after the US government denied the members of his accompanying delegation visas for the annual meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG). After canceling his visit to the US for the annual IMF […]

TEHRAN (Iran News) – In its latest report of World Economic Outlook, International Monetary Fund (IMF) announced that Iran’s economic growth has decreased -9.45 percent in 2019. IMF also forecast that Iran’s unemployment and inflation rates in 2019 have increased 35.6 and 16.7 percent respectively. The international monetary body put Iran’s economic growth in 2019 […]

In recent months, the International Monetary Fund (IMF) has released three official reports on Iran’s economy. In one of them, the IMF has pointed to Iran’s forex revenues from oil or non-oil exports which are reserved in the Central Bank or the National Fund, and in its biannual report “Economic Outlook of the Middle East, North Africa, Afghanistan and Pakistan (MENAP)” has claimed that Iran’s forex reserves exceeded $108b by the end of 2018.

TEHRAN -The battle-lines are drawn between Pakistan and the United States once again, this time over the International Monetary Fund (IMF) bailout that Islamabad is likely to seek in coming weeks. The U.S. has warned that it will oppose any IMF bailout that helps China, Pakistan’s new all-weather ally. On Monday, the U.S. Secretary of […]

TEHRAN – The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook Update: Middle East, North Africa, Afghanistan, and Pakistan” predicted that Iran’s gross official reserves will reach $108.4 billion in 2018. According to the report, the country’s gross official reserves will experience a $13.3 billion jump in the current […]

The International Monetary Fund on Wednesday approved the third installment of a $12 billion, three-year loan for Egypt, bringing the total released to date to just over $6 billion. The IMF board approved the latest $2 billion disbursement under the deal signed in November 2016, after a fund team last month praised Cairo’s progress on […]

TEHRAN- Following holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) growth will reach 4.2 percent in 2017-18. As Purfield reported growth has begun to broaden to the non-oil sector. […]

TEHRAN- Following holding discussions on December 2–13 on the 2017 Article IV Consultation with Iran, Catriona Purfield, the head of International Monetary Fund (IMF) delegation to Iran, predicted that the country’s real gross domestic product (GDP) growth will reach 4.2 percent in 2017-18. As Purfield reported growth has begun to broaden to the non-oil sector. […]