Latest in Tag: IMF Highlight
Latest in Tag: IMF
External debt: a tricky, dangerous route towards reform
Egypt’s negotiations for loans from the International Monetary Fund, World Bank, and the African Development Bank would increase the country’s external debt to approximately $70bn. Yet, the government views the loans as a way for reforming poor economic conditions that have plagued the country since 2011, and a tool to attract foreign investment. Essentially, …
Egyptians’ support for IMF loan connected to their understanding of economic reform programme: El-Erian
International economic expert Mohamed El-Erian said that Egypt’s success in handling the International Monetary Fund (IMF) loan is subject to the economic reform programme being written by Egyptians in order to take the citizens’ situation into consideration. El-Erian added, in an interview with TV anchor Lamis El-Hadidi on CBC channel from the United States (US), …
Egypt cannot afford to postpone the IMF loan: expert
During his meeting with the editors-in-chief of national newspapers on Friday, President Abdel Fattah Al-Sisi talked about the loan that Egypt is seeking from the International Monetary Fund (IMF). This was the first time that the president tackled the country’s negotiations with the IMF, as he ensured that economic reforms will be implemented and …
IMF loan agreement means Egypt is able to pay it back: Al-Sisi
The government will provide subsidies for the poor, Egyptians can bear country’s tough conditions
Government focused on reprioritising public spending to ensure efficiency: El-Garhy
Investors, representatives of the international business community showed interest in Egypt’s international bond issuance
Egypt hesitates in cutting fuel subsidies
The government pledged to the IMF to raise fuel prices and apply a smartcard system
The 3-week challenge: the IMF’s tricky homework for Egypt
When the people of Egypt heard that the government was willing to take a loan from the International Monetary Fund (IMF), they didn’t think that the government had decided to walk down a hard, tiring path. They didn’t know that Egypt would apply austerity measures that would affect their lives, by cutting its subsidies for …
Egypt’s growth opportunities in the wake of global financial instability
Increased financial links between emerging markets and advanced economies have resulted in increased risk of spill over effects
Making currency exchange price more flexible is essential part of government’s programme: IMF
Egypt pledged to obtain half of bilateral funds and negotiations are ongoing, says Jarvis
Government to include capital gains tax in economic reform programme: Chris Jarvis
The IMF mission chief to Egypt spoke at the IMF and World Bank meetings being held in Washington DC
IMF must evaluate Egypt’s reforms before releasing loan’s 2nd tranche: Lagarde
“The IMF needs to evaluate the economic reforms of the Egyptian government,” said the IMF managing director
First tranche of $2.5bn will be made available to Egypt after IMF agreement is signed: Masood
Press conference held on Friday on the occasion of annual meetings of the IMF and World Bank
IMF expects 4% growth for Egypt in FY 2016/17 compared to government expectations of 5.2%
IMF predicts inflation will reach 18.2% in FY 2016/17, compared to the state’s expectations of 11.5% in the same period
Egypt struggles to implement IMF’s conditions before board meeting
The foreign exchange reserves registered $19.59bn in September, an increase of 18.2% compared to August, says the CBE
IMF policies designed for short-term relief will have adverse long-term effects: ECESR
While the IMF and World Bank loans’ policies are questioned by ECESR, they have been encouraged by chartered financial analysts
IMF deal will be credit-supportive, real GDP growth to average 3.4% from 2011 to 2020: Moody’s vice president
The devaluation of the Egyptian pound in March put upwards pressure on the already high inflation rate
Social protection programmes target poorest 10% of the population: Ghada Wali
We are studying ways with the Ministry of Finance to increase the number of beneficiaries of the dignity and solidarity programme, says Social Solidarity Minister
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp
Train of tax reform stops in the middle of the trip
Intense focus on the issues associated with the programme presented to the IMF at the expense of the rest of aspects
Egypt secures required finances to obtain IMF loan
Egypt will release dollar bonds at an interest rate of 6-6.5% by the end of October
IMF agreement to pave way for economic reform: CI Capital deputy CEO
Another devaluation of the Egyptian pound will be necessary to reflect its true value post-IMF deal
The currency’s devaluation is imminent: CEO of NI Capital
Most of economic experts agreed that the exchange rate will be EGP 11.5-12 to the US dollar
Negotiations with IMF are fruitful, first portion to be provided before year’s end: Finance Minister
VAT in FY 2016/2017 will render the state EGP 20bn and EGP 32bn in FY 2017/2018
Rasmala Group’s AUM stood at $1.1bn in December 2015: group chief executive
Rasmala to expand real estate business in the Middle East and other international markets
Egyptian economy has enough resources, potential to become among world’s most powerful economies: AIB chairperson
We are optimistic about the future of the Egyptian economy, especially following the government’s recently-adopted reform measures, says Seif Al-Nasr
Egypt’s economic projects financed with EGP 180bn in 1 year by banks: Emirates NBD deputy managing director
The government and the CBE have made positive moves to support the economy and develop the investment environment, says El-Damati
IMF says Middle East wars have wiped out years of economic gains
In a newly published report, the IMF said years of conflict have destroyed the economies of several countries in the Middle East. The organization said it could take years for countries to regain their footing.
Egypt would profit with social progress
Annual report of Social Progress Index for 2016 released in an attempt to redefine development indicators from a strictly economic approach
Egypt digs itself back to 1977
Ahmed Kamal, a medical student, was arrested by police and delivered to his family the following day via the mortuary. Ahmed had been sentenced to two years in absentia and only recently arrested and killed by Egyptian police, possibly tortured to death. Sometime in the past this may have been breaking news, causing outrage in …
IMF chief Lagarde warns against ‘low-growth trap’
Issuing a stark warning ahead of this year’s G20 summit, the head of the International Monetary Fund, Chrstine Lagarde has called on world leaders to take decisive action to revitalize the sluggish global economy.