Latest news with #economicreview
Reuters
18-07-2025
- Business
- Reuters
IMF approves $1 billion augmentation in Ecuador program
July 18 (Reuters) - The International Monetary Fund said on Friday it has completed its second review of Ecuador's Extended Fund Facility and approved an augmentation of the program by about $1 billion. The approval will allow Ecuador to immediately access around $600 million, the IMF said. The approved augmentation for Ecuador increases access under the program to $5 billion from $4 billion, the IMF said. "Despite challenging circumstances, Ecuadorian authorities have successfully mobilized non-oil revenues, strengthened fiscal and external buffers, and cleared domestic arrears while protecting vulnerable groups," said IMF Deputy Managing Director Nigel Clarke.
Free Malaysia Today
28-06-2025
- Business
- Free Malaysia Today
Decision to review 13MP not made in haste, says Fahmi
Communications minister Fahmi Fadzil said the prime minister had asked all ministries to study the draft of the 13MP and submit their feedback to the economy ministry. (Bernama pic) KUALA LUMPUR : The government's decision to review the 13th Malaysia Plan (13MP) is not a hasty reaction, but one that has gone through a discussion process over the past two weeks, said communications minister Fahmi Fadzil. Fahmi said the discussions began with a draft presented by the economy ministry's secretary-general to the Cabinet. 'We've actually discussed this. I mentioned (previously) that the prime minister had issued a directive to review the draft presented by the economy ministry's secretary-general. 'Any policy, programme or decision must first be presented at a Cabinet meeting. So, on Friday last week (June 20), the prime minister requested all ministries to study the draft and submit their feedback to the economy ministry,' the government spokesman said at a press conference after launching the Nadi Aspirasi Nasional Bersama Anak Muda programme organised by the community communications department (J-Kom) here today. Following that, he said, a special Cabinet meeting was held last Monday to review the feedback from the ministries. 'During the meeting, it was found that many matters raised by the ministries needed to be considered by the economy ministry in drawing up the 13MP document. 'That was one of the reasons why, at last Wednesday's Cabinet meeting – the latest one – it was decided that finance minister II Amir Hamzah Azizan would take on the duties and functions of the economy minister,' he said. Former economy minister Rafizi Ramli was reported to have questioned the government's move to review the 13MP, calling it a hasty response to social media criticism. This followed chief secretary to the government Shamsul Azri Abu Bakar's announcement yesterday that Amir had been tasked with 'reviewing and revamping' the 13MP, while concurrently performing the duties and functions of the economy minister, effective immediately. The 13MP is scheduled to be tabled in Parliament on July 31.
