In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.

Trade tension remains a key risk facing the Middle East and North Africa's economic prospects, the International Monetary Fund said on Thursday, with the indirect impact of US tariffs expected to drag down growth.

The Managing Director of the International Monetary Fund, IMF, Kristalina Georgieva, on Thursday urged countries to swiftly resolve trade disputes that threaten global economic growth. Georgieva said the unpredictability arising from President Donald Trump’s aggressive campaign of taxes on foreign imports was causing companies to delay investments