IMF Country Focus July 9, 2020/IMF As part of Egypt’s two-step request for IMF financing to respond to COVID-19, $5.2 billion was approved under the 12-month Stand-by Arrangement (SBA).  Financing under the SBA follows the $2.8 billion approved in May under the IMF’s Rapid Financing Instrument. Reforms aim to preserve […]

July 10, 2020/OilPrice.com Oil prices fell on Thursday as COVID-19 cases continued to spike in the U.S., which the IEA  highlighted as a major threat to oil markets in today’s report, but prices were quick to return to the $40 mark on Friday. Friday, July 10th, 2020 Oil posted a […]

July 10, 2020/IMFBlog By Vitor Gaspar and Gita Gopinath The ongoing COVID-19 pandemic has already prompted an unprecedented fiscal policy response of close to $11 trillion worldwide. But with confirmed cases and fatalities still rising fast, policymakers will have to keep the public health response their No. 1 priority while […]