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(Reuters) -Egypt has finalised a staff-level agreement with the international monetary fund (IMF) on the components of its programme, and will issue an announcement “very soon,” the country’s finance minister said on Sunday. “Very productive bilateral discussions were held with IMF staff on the sidelines of the IMF and World Bank’s annual meetings in Washington, …

Egypt nears staff-level agreement with IMF on terms of its programme -finance minister Read More »

By Jorgelina do Rosario and Rachel Savage WASHINGTON/JOHANNESBURG (Reuters) – Delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” the east African nation’s state finance minister said on Saturday, adding that he planned to raise it with the head of the IMF later in …

Exclusive-Ethiopia debt relief delay partly due to civil war: state finance minister Read More »

By Andrea Shalal and Omar Fahmy WASHINGTON (Reuters) -International Monetary Fund officials have resolved all “big policy issues” with Egyptian authorities in their discussions on a new lending program, and will meet again on Saturday, IMF Managing Director Kristalina Georgieva said Friday. Georgieva told a news conference that the two sides were still working on …

IMF chief Georgieva says ‘big policy issues’ resolved in talks with Egypt Read More »

By Julie Gordon and Steve Scherer OTTAWA (Reuters) -A persistently strong U.S. dollar, which makes imports and travel more expensive for Canadians, could mean the Bank of Canada will have “more work to do” on interest rates, Governor Tiff Macklem said on Friday, indicating further increases. Macklem, speaking after International Monetary Fund and World Bank …

Bank of Canada says strong U.S. dollar could mean higher rates Read More »

By Arriana McLymore and Siddharth Cavale NEW YORK (Reuters) -The $25-billion merger of Kroger and Albertsons could ultimately lead to lower prices for shoppers, at least according to a plan laid out Friday by Kroger’s CEO. In an interview with Reuters, Kroger Co CEO Rodney McMullen said the savings provided by the deal would allow …

Analysis-Kroger looks to fight both inflation and Walmart with new merger Read More »

By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) -Chad’s creditors on Thursday said they had agreed that the African country did not need debt relief at the moment given a surge in oil prices, but committed to reconvene if a financing gap was identified. In a statement released by the Paris Club of official …

Creditors say Chad does not need debt relief now given oil price surge Read More »

BERLIN (Reuters) – The German economy is facing a difficult winter based on the current economic indicators, the Economy Ministry warned on Friday in its monthly report. It pointed to the government’s fall projection, which forecasts three negative quarters in a row beginning with the third quarter of 2022. (Writing by Miranda Murray; Editing by …

Indicators point to hard winter for Germany – economy ministry Read More »

By Lucila Sigal BUENOS AIRES (Reuters) – Argentines facing an inflation rate set to top 100% this year are grappling to survive, turning to recycling from garbage dumps or lining up to trade their belongings in barter clubs. The South American country is set to post its sharpest rise in prices this year since a …

Turning to garbage dumps to survive, Argentines feel the pain of 100% inflation Read More »