International Monetary Fund

The International Monetary Fund has approved the creation of a short-term liquidity facility to assist countries in combating the economic impact of the coronavirus pandemic, said IMF Managing Director Kristalina Georgieva.

President Recep Tayyip Erdoğan has said that state-owned banks have taken a number of measures to help businesses amid the coronavirus outbreak, however, private banks are "failing the test."

The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on Thursday.

The fallout from the coronavirus spread that has killed more than 83,000 people and wreaked havoc on economies around the world could push around half a billion people into poverty, Oxfam said on April 9.

The low oil price environment in the global market is dragging the Middle Eastern oil-producing countries to collapse, whose economies are strongly dependent on crude oil production and exports.

The poor countries "will take the hardest hit, especially ones that were already heavily indebted before the crisis," said David Malpass, World Bank chief.

Greece has received nine non-binding bids for the sale of a 65 percent stake in its dominant gas supplier DEPA Commercial, its privatisation agency said on Monday.

Investors who have expressed an interest in the stake include Shell Gas, Vitol Holding, Power Globe, MET Holding and C.G. Gas Limited of Greece's Copelouzos group, the agency said in a statement.

But he resigned from the ruling party in 2019, citing "deep differences" with it over the state of democracy, rule of law and foreign policy.

"Our democracy is weak, our society cannot breathe. Our economy, education and health systems are alarming," Babacan said on Wednesday in Ankara at the official launch of the DEVA party.

A major humanitarian crisis threatens Zimbabwe, the International Monetary Fund (IMF), which forecasts almost zero growth in the economy of the African country and a prolonged and severe food insecurity warned.

Dame Minouche Shafik is one of the world's most distinguished academics. Born in Alexandria, Egypt, in 1962, Shafik went on to study at Amherst College, Massachusetts, the London School of Economics and St Antony's College, Oxford, and has since worked for some of the most prestigious global institutions.