Reserve assets
G7 suggest boosting IMF reserves to help vulnerable nations

Mar. 19, 2021 12:38 PM EDT
LONDON (AP) — The Group of Seven leading industrial nations on Friday proposed bolstering the International Monetary Fund's reserves for the first time since...

Leaves turn red outside the New Mexico State Capitol building, known as the Roundhouse, Tuesday, Nov. 17, 2020, in Santa Fe, N.M. (AP Photo/Cedar Attanasio)
New Mexico Legislature seeks greater spending amid pandemic

By Morgan Lee Jan. 12, 2021 05:17 PM EST

Democratic New Mexico state Rep. Andrea Romero, of Santa Fe, asks questions about proposed election reforms on Saturday, June 20, 2020, on the floor of the New Mexico House of Representatives in Santa Fe, N.M. The New Mexico Legislature met in a special session to address a gaping budget hole linked to the coronavirus and related economic upheaval. (AP Photo/Morgan Lee)
Economists predict rebound in New Mexico government income

By Morgan Lee Dec. 08, 2020 10:37 AM EST

FILE - In this Aug. 6, 2020 file photo, French President Emmanuel Macron, center left, gestures as he visits the devastated site of the Aug. 4 explosion at the port of Beirut, Lebanon. An economic meltdown, a revolution, financial collapse, a virus outbreak and a cataclysmic explosion that virtually wiped out the country's main port. The past year has been nothing short of an earthquake for tiny Lebanon, with an economic meltdown, mass protests, financial collapse, a virus outbreak and a cataclysmic explosion that virtually wiped out the country’s main port. Yet Lebanese fear even darker days are ahead. (AP Photo/Thibault Camus, Pool, File)
AP Analysis: Dark days ahead for Lebanon as crisis bites

By Zeina Karam Sep. 29, 2020 02:11 AM EDT

FILE - In this Tuesday, April 14, 2020 file photo, people crowd a street a few hours ahead of curfew in Cairo, Egypt. Wealthier Western countries are considering how to ease lockdown restrictions and start taking gradual steps toward reviving business and daily life. But many developing countries, particularly in the Middle East and Africa, can hardly afford the luxury of any misstep. In Egypt, the Arab world’s most populous country where one in three people lives in poverty, the government opted for a partial lockdown that includes a nighttime curfew, fearing that a full closure would devastate a fragile economy. (AP Photo/Nariman El-Mofty, File)
IMF approves $2.77 billion to help Egypt with virus fallout

May. 11, 2020 02:50 PM EDT

FILE - In this Sept. 7, 2019 file photo, a mortally wounded fighter of the 'Shelba' unit, allied with the U.N.-supported Libyan government, is moved by comrades after being shot at the Salah-addin neighborhood front line in Tripoli, Libya. The head of Libya’s internationally recognized government Tuesday, May 5, 2020, called for a renewal of U.N.-brokered talks to end divisions in the oil-rich country, amid escalating military clashes and increasing tensions between the main players in the capital Tripoli. (AP Photo/Ricard Garcia Vilanova, File)
Libyan PM calls for renewed UN talks amid increased tensions

By Samy Magdy May. 04, 2020 10:27 PM EDT

FILE- In this Sept. 25, 2000 file photo, two workers climb down from one of the tanks in an oil tank-farm in Jebel Ali, 25 miles (40 km) south of Dubai in the United Arab Emirates. The historic crash in oil prices in the wake of the novel coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue. The economies of all the Arab Gulf oil exporters are expected to contract this year. (AP Photo/Kamran Jebreili, File)
Mideast economies take massive hit with oil price crash

By Samya Kullab And Qassim Abdul-Zahra Apr. 27, 2020 02:04 AM EDT