Latest in Tag: IMF Highlight
Latest in Tag: IMF
Egypt to receive second tranche of 46-month IMF loan next March
IMF downgrades Egypt’s economic growth forecast to 4% in FY2023
Facilitating private sector-led growth in Egypt is crucial: IMF to DNE
Exchange rate flexibility will help the Egyptian economy adjust smoothly to external shocks: IMF Senior Resident Representative
IMF loan gives Egypt new boost: Cabinet
In a Saturday statement, the cabinet added that the loan reflects confidence in Egypt’s capabilities to fulfil its international obligations and its ability to achieve the targeted economic growth rates.
IMF loan to secure hard currency needed for importing production requirements: Manufacturers
Egypt’s IMF-supported programme presents a comprehensive policy package to preserve macroeconomic stability, restore buffers, and pave the way for inclusive and private-sector-led growth.
How would new IMF loan help attract foreign investment back into Egypt stock market?
It is necessary to secure dollar liquidity to prevent speculations on local currency: Amr Elalfy
We hope to obtain the first instalment of the IMF loan this December: Finance Minister
The Egyptian government has taken many reform measures to reduce the USD crisis and accelerate obtaining the approval of the Executive Board of the IMF for the $3bn loan by liberalising the exchange rate on 27 October.
Al-Sisi, IMF Managing Director discuss bilateral partnership following loan agreement
Meeting comes within IMF Managing Director Kristalina’s participation in COP27 in Sharm El-Sheikh
IMF loan to stabilise Egypt’s economic situation: Fitch Solutions
They added in a report: Contrary to our expectations, authorities proceeded with an immediate rather than a gradual weakening of the currency. Indeed, on 27 October, the Central Bank of Egypt (CBE) held an unscheduled meeting of its Monetary Policy Committee (MPC) during which it hiked its overnight deposit and lending rates by 200 basis points (bps) to 13.25% and 14.25%, respectively, and announced the introduction of a flexible exchange rate.
Egypt: IMF reaches staff-level agreement on $3bn Extended Fund Facility Arrangement
The new EFF aims to safeguard macroeconomic stability and debt sustainability, improve Egypt’s resilience to external shocks, strengthen the social safety net, and step-up reforms that underpin higher private-sector-led growth and job creation.
Advanced negotiations between Egypt, IMF push EGX to green zone
Reaching agreement on IMF loan would stimulate foreign investment, give confidence to investors: Hassan
Egypt concludes staff-level agreement with IMF, announcement ‘very soon’
Great progress in loan negotiations on fiscal and monetary policies: Maait
IMF to reach Staff Level Agreement with Egypt very soon
Egypt’s negotiations with the IMF over started in March. One of the stumbling blocks in the talks was the exchange rate of the Egyptian Pound against the US dollar.
IMF resolved ‘big policy issues’ in talks with Egypt: Managing Director Georgieva
Egyptian authorities and IMF officials are scheduled to meet again on Saturday
Finance Minister meets representatives of international institutions during IMF & World Bank Annual Meetings
Participants in discussions on economic recovery from global challenges
IMF downgrades Egypt’s economic growth forecast to 4.4% in current FY
The fund reduced its forecast for global growth to 2.7% instead of the 2.9% projected in July
Al-Mashat in Washington for 2022 Annual Meetings of IMF & World Bank Group
Egypt, WBG share development cooperation portfolio of 14 ongoing projects worth $6.8bn, as well as 23 projects with technical support, consultancy
BNP Paribas lowers its forecast for expected value of IMF loan to Egypt
The bank said in a report issued Wednesday, that it lowered its forecast for the value of the loan to between $3bn and $5bn instead of $10bn in a previous forecast.
Egypt expected to announce loan agreement with IMF within hours
Agreement gives investors greater confidence in economy, as Egypt needs to follow post-loan IMF prescription to ensure reform continuation, economists tell DNE
IMF calls on Egypt to unify lending interest rates
Egypt’s economists weigh in on feasibility of IMF’s demands
IMF loan to help Egypt absorb shock of global economic crisis, attract FDIs: Head of parliament’s budget committee
IMF loan negotiations, Gulf investments, and debt reduction are main axes of recovery, says MP Fakhri Al-Feqi
Opinion| Egypt and the IMF: Where the current path began?
Over the last ten years, Egypt has been on a long and increasingly productive path. The country has enormous growth potential that could continue to be more socially balanced than in the past.
IMF reduces Egypt’s economic growth forecast to 4.8% in FY2022/23
Fund revises its projection for Middle East and Central Asia’s real GDP to 4.8% in 2022 and 3.5% in 2023
Environment Minister, IMF representatives discuss COP27 preparations
Fouad stresses Egypt’s keenness to achieve balance in all negotiation tracks
IMF expects Egypt’s public debt to decline to its pre-pandemic levels by 2026
Foreign debt is not that high, the main part of the Egyptian debt is in local currency: IMF
IMF gives upward projection for Egypt’s growth to reach 5.9% in FY2021/22
The Upgrade is due to strong performance in the first half of the FY: IMF
Egypt requests IMF support to implement comprehensive economic programme
Celine Allard, IMF mission chief for Egypt said in a statement that the rapidly changing global environment and spillovers related to the war in Ukraine are posing important challenges for countries around the world, including Egypt.
IMF’s upgraded growth forecast for Egypt shows confidence in economy: Finance Minister
Economic reforms have made us better able to deal with global challenges, says Maait
IMF gives upward projection for Egypt’s growth to reach 5.6% in FY2021/22
Fund downgrades global GDP growth forecast to 4.4% in 2022
Egyptian economy is gradually recovering: IMF
“I think what is very important for Egypt going forward is structural reforms that will allow Egypt to create jobs,” says Jihad Azour
MENA’s fragile recovery continues, real GDP projected to expand by 4.1% in both 2021 and 2022: IMF
After contracting by 3.2% in 2020, real GDP in the MENA region is projected to expand by 4.1% in both 2021 and 2022, upward revisions of 0.1 and 0.4 percentage points since April, respectively, the fund projected.