Jordan's king swears in new cabinet led by ex-World Bank economist


AMMAN Jordan's King Abdullah on Thursday swore in a new government led by a former World Bank economist and mandated to review a disputed tax system after widespread protests against IMF-driven austerity measures.

IMF's Lagarde says global economic outlook darkening by the day

BERLIN International Monetary Fund chief Christine Lagarde led an attack by global economic organisations on U.S. President Donald Trump's "America First" trade policy on Monday, warning that clouds over the global economy "are getting darker by the day".

Business, 12 Jun 2018

IMF will remain engaged in Greece, Lagarde says

BERLIN The International Monetary Fund will remain engaged in Greece in some form, which will most likely become clearer after a June 21 meeting of the Eurogroup of euro zone finance ministers, IMF chief Christine Lagarde said on Monday.

Business, Economy, 11 Jun 2018

IMF to work with new Jordan government to release more funds: spokesman

WASHINGTON The International Monetary Fund will work with Jordan's new government to complete a review of the debt-burdened country's IMF loan program as soon as possible to release another $70 million to Jordan, an IMF spokesman said on Thursday.

Business, 07 Jun 2018

Exclusive: Jordan to push IMF to slow reforms after protests, officials say

DUBAI Jordan will ask the IMF to give it more time to implement reforms, after some of the largest protests in years showed pushing the debt-burdened country beyond its means risked major instability, officials said.

Economy, World, 06 Jun 2018

Ukraine finance minister says was told to back corruption or quit

KIEV Ukrainian Finance Minister Oleksandr Danylyuk said on Wednesday he had been asked to support "political corruption" or to quit after Prime Minister Volodymyr Groysman formally asked parliament to sack him.

World, 06 Jun 2018

Jordan's king replaces prime minister to subdue protests

AMMAN/DUBAI Jordan's King Abdullah replaced his prime minister on Monday in a move to defuse the biggest protests in years, over IMF-backed reforms that have hit the poor. | Video

World, Top News, 05 Jun 2018

Jordanian PM rejects demands to scrap tax law after protests

AMMAN Jordan's prime minister refused to scrap an IMF-backed tax reform bill on Saturday that has sparked the largest protests in over five years against steep price hikes, saying it was up to parliament to decide its fate.

World, 03 Jun 2018

Exclusive: Tunisia to raise fuel prices, hold off public wages increases

TUNIS Tunisia will raise fuel prices in the coming days but hold off increasing public wages this year to meet terms of the International Monetary Fund for its next loan tranche, a government official and diplomatic sources told Reuters.

Business, 01 Jun 2018

Thousands of Jordanians strike against IMF-driven tax rises

AMMAN Thousands of Jordanians heeded a strike call by unions on Wednesday to protest at major, IMF-guided tax rises they say will worsen an erosion in living standards.

World, 30 May 2018