
Arab economies are expected to grow by 5% in 2022: AMF
Fund releases 16th Arab Economic Outlook Report including macroeconomic forecasts for 2022, 2023
Fund releases 16th Arab Economic Outlook Report including macroeconomic forecasts for 2022, 2023
Inflation in Egypt is expected to reach 5.3% during 2021
AMF added that at the level of geographical regions, both Africa and Asia are distinguished by playing a pioneering role in digital financial inclusion
Meeting was held in cooperation with International Monetary Fund
Fund president stresses importance of dialogue, consultation between Middle East’s central banks to face post-crisis challenges
There are currently 178,000 e-payment outlets across 8 Arab countries, mainly in Egypt
Inflation across Middle East expected to surge to 8.8% in 2020, decline to 6.3% in 2021
WAM reported, on Wednesday, that the loan agreement was signed last week, and aims to support reform efforts and measures taken to help limit the economic and financial repercussions of the global pandemic.
The new service is the latest part of its “Beni” platform for Arab payments, with several other services set to launch in the coming period.
Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of Arab countries’ GDP
Arab economies likely to grow by 2.5% in 2019, 3% in 2020, says AEO report
These projects have positive repercussions on improving financial inclusion and enhancing financial, economic, and social stability. SMEs account for more than 95% of total enterprises in the vast majority of the world and contributing 33% to the GDP of developing economies.
In our view the AU leaders should also use their meeting to reinvigorate their efforts to create an African Monetary Fund (AMF).
We totally support such proposals, waiting for suggestions to consider them in ministry’s plans, says Education Ministry
The loan is worth $243m with an interest rate of 1.2% and 0.25% service fee, says El Araby
Total value of AMF’s financial assistance to Egypt amounts to $1.6bn
Delegation includes Minister of Finance Al-Morsi Hegazy and Central Bank of Egypt Governor Hesham Ramez