Latest in Tag: IMF Highlight
Latest in Tag: IMF
Egypt economy reforms starting to pay off: IMF chief mission
The third tranche is scheduled to be disbursed after the third review by the end of 2017
Egypt’s economy embarks on recovery, but challenges remain: Capital Economics senior economist
The Central Bank of Egypt will leave rates on hold until further evidence of falling inflation
Foreign investments back to Egypt as FX crunch fades away
Government’s steps to amend economy lure investors to pour fresh cash
Egypt’s fiscal progress falls short of IMF goals: Capital Economics
The authorities have set themselves a deficit target of 9.1% of GDP
Tarek Amer named Central Bank Governor of the Year by IMF’s, World Bank’s GlobalMarkets
The selection was based on Amer’s role in reforming Egypt’s currency exchange system
Why IMF cut its estimates of Egyptian economy after first review?
The IMF raises its estimates of inflation and debt and lowers its growth forecast
Authorities took right measures to rein in inflation, reduce budget deficit: Lagarde
The approval of the Industrial Licensing Law and the New Investment Law by the parliament are a positive step in the right direction
IMF approves second tranche of $12bn loan, $1.25bn to be transferred within days finance ministerÂ
The executive board of the International Monetary Fund (IMF) has approved the disbursement of the second tranche of the $12bn loan and $1.25bn will be transferred within days, according to Finance Minister Amr El Garhy. El Garhy added that he is currently coordinating with the IMF to transfer the funds to the accounts of the …
IMF votes on second tranche of Egypt’s loan
The International Monetary Fund’s (IMF) Executive Board plans to vote Thursday on the first review of Egypt’s economic reform programme, in which Egypt will receive $1.25bn. Egypt has received the first tranche of the loan, worth $2.75bn, in November 2016. The IMF had agreed on Egypt’s loan, worth $12bn, in 2016. The IMF delegation came …
CBE to remove dollar deposit limits over upcoming months: IMF
The fund’s board votes on the Egyptian economy’s first review within weeks
Inflation likely to resume rally if government delivers on next round of austerity measures
Research houses expects prices to shoot up again with applying subsidy cuts and VAT
Egypt is staying the course: Deutsche Bank
Egyptian authorities reached staff-level agreement with IMF on first review under $12bn EEF, says the Deutsche Bank Markets Research
Egypt’s foreign exchange reserves reach new high
The foreign exchange reserves increased to $31.1bn at the end of May compared to $28.6bn in April
CBE’s decision to raise interest rate continues to stir controversy
The decision was great and emphasised the bank’s determination to activate its most important tools in the fight against inflation and not just abiding to the requirements of the IMF, says Abdel-AalÂ
Interest rate hike aims to help build up international reserves: Arqaam Capital
IMF welcomed the step, saying it aims at the welfare of the Egyptian people and tackling inflation
IMF, Egypt reach a staff level agreement to unlock next loan tranche
A new vote of confidence in local economy to incur more foreign inflows, says Tarek Amer
IMF, eurozone still at loggerheads over Greece
The International Monetary Fund has urged eurozone finance ministers to be more specific in their commitment to a debt relief package for bailed-out Greece. It’s a sensitive issue in pre-election Germany.Talking to eurozone finance ministers on the fringes of a G7 meeting in Bari, Italy, IMF chief Christine Lagarde on Friday urged European creditors to …
Pressures mount on CBE as IMF calls for interest rate hike to tame inflation
Inflation extends rise in April on higher food prices
World’s deepest devaluation tempts foreigners back to Egyptian markets
Renaissance Capital calls Egypt “haventrade”
Egypt to receive 2nd tranche of IMF loan by June: El-Garhy
Egypt to issue international treasury bonds by end of May or beginning of June, says Minister of Finance
Elbeblawi calls for progressive taxes to increase financial resources
Economic reform measures were necessary despite negative impact, the IMF official says
Egypt’s stocks under pressure as possible interest rate hike looms
The CBE delayed the meeting of its monetary policy committee to 21 May
IMF’s delegation to visit Cairo on Sunday
The government’s programme aims at achieving GDP growth rate of 5.5% by FY 2018/2019
Unpredictable future of IMF loan
The IMF is to pay a visit to Egypt on 28 April after postponing it for the third time
Egypt must tackle inflation risks: Lagarde
“Other reforms have to continue, but there has to be a special focus on inflation,” says the IMF’s managing director
Differences cloud IMF, World Bank meetings
Semi-annual meetings of the two institutions have kicked off in Washington, with IMF chief Christine Lagarde making a passionate plea for free trade, while downplaying differences with the Trump administration.The International Monetary Fund (IMF) and World Bank spring meetings started on Thursday bringing the two multilateral institutions’ 189 members face-to-face with the unusual challenge of …
Egypt implementing serious reform programme with IMF: Al-Sisi
Egyptian-US cooperation is one of the pillars of security and stability
Egypt’s foreign exchange reserves to reach $28.5bn by March: CBE
Egypt expects the second tranche of a $12bn IMF loan by May
Egypt’s foreign debt jumps by $19.5bn in 2016
Foreign debt reached 37.6% of GDP in December 2016 compared to 13.6% in December 2015
Exchange rate expectation likely EGP 16 to USD for FY 2017/2018 budget
Oil price expectation for budget to be between $55 and $75 per barrel