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IMF extends its emergency funding by 18 months due to COVID-19

The International Monetary Fund (IMF) has extended its flexible access to emergency funding for an additional 18 months to help countries that are severely...

Global COVID-19 Fundraising; Celebrity backed event raised $6.9bn in 24 Hours

A star-studded, global fundraising meeting yesterday raised $6.9 billion from the European Commission, the United States and close to 40 other nations to fight...

Saudi Arabia supports COVID-19 hit SMEs with $1 billion relief package

Saudi Arabia's financial division, Saudi Industrial Development Fund has allotted a $1 billion stimulus package to revive more than 500 struggling small and medium-sized...

IMF agrees in-principle to help Egypt with a $5.2 billion standby...

The International Monetary Fund has reached in a staff-level accord with Egypt for a $5.2 billion standby loan with a validity of 1-year which...

Arab Monetary Fund helps Tunisia and Morocco with loans above $300...

The Arab Monetary Fund granted new loan deals worth $211 million and $98 million to Morocco and Tunisia to help their reform programs during...
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