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Sudan finmin hopes 2013 oil transit can earn $1.2 bln

Source : Reuters / 6 Apr 2013

Sudan hopes to collect up to $1.2 billion in transit fees in 2013 after oil starts to flow from South Sudan, and is considering a new tax on gold trade, Finance Minister Ali Mahmoud said on Wednesday.

The African state may also have to raise the official 4.42rate of the Sudanese pound against the U.S. dollar to match black market rates, he said in an interview.


Egypt reaches preliminary deal for $4.8 bln IMF loan

By Reuters | 21 Nov 2012

Egypt has reached a preliminary agreement with a team from the International Monetary Fund for a $4.8 billion loan, a minister said on Tuesday.

The deal is seen as a vital step for shoring up Egypt’s battered finances and rebuilding the confidence of investors, who have been looking to the IMF to give its seal of approval to the government’s economic program.

“We have a preliminary agreement with the technical team of the IMF,” Planning and International Cooperation Minister Ashraf al-Araby told a news conference with the head of the IMF delegation, Andreas Bauer, and other IMF officials.


World economy fragile, faces 'uneasy calm': IMF

By Reuters | Washington | 18 Apr 2012

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday.

Another flare-up of the euro-zone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt the world economy finding its feet now tensions in the euro zone have subsided, the IMF said.


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