The Cradle
The Cradle
  • Home
Loading...
Lebanon presidential nominee takes leave of absence from IMF
Jihad Azour stepped away from the International Monetary Fund which has proposed reforms allegedly designed to ease Lebanon’s financial crisis
Jun 09, 2023
Loading...
IMF official looks to become Lebanon’s next president
Jihad Azour's nomination comes as the US has made it clear to Lebanese officials that the only way out of crisis is an IMF bailout
Jun 05, 2023
Loading...
Iran cenbank chief headed to US capital for talks with IMF
The IMF predicts Iran's economy will grow by two percent this year at a time when the nation is leading the charge toward de-dollarization
May 30, 2023
Loading...
For crisis-hit Lebanon, it’s IMF or bust: Washington
Despite claims of wanting to help Lebanon, the US continues to block the implementation of a vital energy-sharing plan with Jordan and Egypt
Mar 31, 2023
Loading...
IMF delegation headed for Lebanon to ‘speed up’ reforms
The delivery of the IMF loan has been held up for months as a result of US pressure and a refusal from banks to answer for their role in the economic collapse
Sep 16, 2022
Loading...
Egypt closes in on reaching new IMF loan agreement
The Egyptian Prime Minister Announced that the government is negotiating to reach an accord with the financial institution
Aug 22, 2022
Loading...
Lebanon Parliament Speaker calls for urgent implementation of IMF reform plan
The Lebanese parliament speaker has said he will not call for a parliamentary session to elect a new president until IMF reform policies are passed
Jul 31, 2022
Loading...
Lebanon IMF deal could derail due to deadlock with banks
Banks have said that the state should privatize public assets to foot the bill for the losses
Apr 27, 2022
Loading...
US behind IMF refusal to finance energy imports for Lebanon: Hezbollah official
Despite the plan to import energy from Egypt and Jordan via Syria having been brokered by Washington, US officials have so far failed to issue the necessary sanctions waiver
Apr 26, 2022
Loading...
Lebanon reaches agreement on reform plan with IMF
The reforms include a complete restructuring of the banking sector and the stabilization of currency exchange rates
Apr 08, 2022
Loading...
IMF sets final conditions for Lebanon grant
The IMF says that this is Lebanon's last chance and expects written guarantees that the government will adhere to its stringent demands
Mar 31, 2022
Loading...
IMF sets tough conditions for Lebanon bailout package: Report
Many believe that the Lebanese government is not likely to meet the conditions set by the IMF
Feb 25, 2022
Loading...
Lebanese PM Mikati says talks with IMF nearing draft deal
Talks in the previous year stalled due to differences between the policies of government and those of the banks
Dec 29, 2021
Loading...
Lebanon’s Central Bank to undergo forensic audit as new government hopes to resume IMF talks
The audit comes as the Central Bank's Governor faces embezzlement and graft charges in both France and Switzerland
Sep 14, 2021
Loading...
Yemeni FM condemns IMF decision to disburse $665 million to ousted authorities
The Saudi-backed parallel administration in Aden will receive hundreds of millions in COVID-19 relief funds
Aug 30, 2021
Loading...
IMF blocks Afghanistan from receiving $460 million in COVID-19 aid
The organization alleges that “lack of clarity” over who governs Afghanistan led to the decision
Aug 20, 2021
Loading...
‘No interim nuclear deal with Washington’: Iran
An interim deal between Iran and the US ‘is not on the agenda,’ an Iranian official was quoted as saying
Jun 09, 2023
Loading...
Billions in frozen Iranian assets to be released from Iraq and South Korea
Over recent weeks the US has reportedly been trying to revive indirect talks with Iran over its nuclear energy program
Jun 08, 2023
Loading...
Pakistan to trade oil and gas with Russia, Iran, Afghanistan outside US dollar
The agreement is meant to help relieve Pakistan’s foreign reserves crisis while bypassing US sanctions imposed on the South Asian countries’ neighbors
Jun 04, 2023
Loading...
Nine Asian central banks to adopt SWIFT alternative
ACU member states are set to launch the Iranian-developed system within the next few weeks
Jun 01, 2023
Loading...
Four years into economic meltdown, Lebanon pledges to ‘police corruption’
The crisis, caused by rampant corruption in the financial sector, plunged over 80 percent of Lebanon's population below the poverty line and slashed nearly 100 percent of the currency's value
May 27, 2023
Loading...
Financial watchdog says Lebanon faces ‘grey listing’ for money laundering
This comes just days after Interpol issued a red notice against Lebanese Central Bank chief Riad Salameh, who is accused of embezzling millions in public funds
May 23, 2023
Loading...
$51 billion lost by Lebanese depositors since 2019: Bank official
Reforms recommended by the IMF, including a halt to government borrowing from the central bank, have yet to be implemented
May 16, 2023
Loading...
Smuggling of Iranian fuel to Pakistan surges: Report
Authorities have previously turned a blind eye to smuggled fuel from Iran due to a foreign exchange reserve crisis
May 09, 2023
Loading...
Russian oil floods global markets via major Asian intermediaries
Despite western sanctions, there is more Russian fuel being exported around the world than before the Ukraine crisis. It's just coming via Saudi Arabia, India, China, and other trading states – with steep commissions.
May 04, 2023
Loading...
‘Be angry and die angry,’ Tehran tells Washington
The message comes in response to US accusations that claim Iran and Syria conduct 'destabilizing activities' in the region
May 04, 2023
Loading...
De-dollarization kicks into high gear
The US dollar is essential to US global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.
Apr 27, 2023
Loading...
No normalization for Syria without ‘permanent political change’: Washington
The comments from a senior US official come as the Arab world continues to rebuild ties with Damascus after the failure of the western-backed war
Apr 27, 2023
Loading...
The sanctions boomerang: Why trade bans backfire
Trade wars have been common throughout history, but they often have unintended consequences that undermine their intended goals. From Napoleon to the US and EU – none got it right.
Apr 24, 2023
Loading...
BRICS set to surpass G7 in economic growth
The latest IMF figures reveal that BRICS nations will contribute 32.1 percent to global growth, compared to the G7's 29.9 percent.
Apr 19, 2023
The Cradle
Home
Terms
Privacy
Contact Us
Support Us