Latest in Tag: IMF Highlight
Latest in Tag: IMF
A vital autumn for Cairo’s policy-makers
Egypt has recently been the subject of a number of deeply unflattering articles in the international business media. Many criticisms have been levelled at the actions, and inaction, of Cairo’s economic policy-makers. These criticisms have not made many friends in Egypt—so I do not propose to repeat them. I also think that, like much …
Approval of the VAT is a historic achievement: IMF
Change in national tax code will affect all portions of society, unless explicitly exempted
Optimism amid crackdown on informal market stabilise unofficial currency exchange pool: Banker
Trading currency is becoming difficult and the price is seeing large variation due to the embargo on the currency mafia, says Abdel Aal
In Cartoon: Is the IMF loan a trap?
US backs IMF loan to Egypt: Egypt’s Foreign Ministry
Shoukry also met with his Argentinean counterpart, seeking mutual support for the countries’ nominees for UN posts
The feasibility of Egypt’s IMF loan
On 11 August, the International Monetary Fund (IMF) announced that it had reached an initial agreement with Egypt to lend the country $12bn over a three-year period, joining Iraq, Tunisia, and Jordan in taking money from the Washington-based fund. Egypt’s programme is likely to see the government of President Abdel Fattah Al-Sisi move toward a …
Egypt sees opening to become largest African economy
Though the top three seem to be in a constant back and forth, Egypt’s future growth prospects put it in a better position than the current continental leaders
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
In Cartoon: Another loan on top of all the others
EFIA supports IMF loan, says not enough
IMF loan needs to be facilitated, supported with economic reforms, such as increasing taxes, activating VAT policy, collecting old taxes, says Khamees
Would drop in reserves delay floating of EGP despite IMF report?
The timing of this move is in the hands of the CBE and is associated with many factors, not only the level of reserves, say analysts
The IMF loan: a possible success or failure?
Some people adopt points of view based on a somewhat ideological basis. At the moment, some people either accept or refuse the idea of obtaining a loan from the International Monetary Fund (IMF), despite many countries having made good use of their loans—though some have not. While writing this article I discovered that Al-Youm Al-Sabea …
Egypt’s steady adoption of IMF programme would provide upside risk: Merrill Lynch
Forward exchange rate is expected to register 11.20 in Q4 2016, says Bank of America
Value of 1st IMF tranche not determined yet: Finance Minister
Value of 1st tranche to be determined during coming 4 to 6 weeks, says minister
Egypt, IMF to cut budget deficit to 5.5% during 3-year funding programme
Primary agreement between IMF and Egypt; IMF executive board to determine timing of payment tranches
IMF, Egypt reach agreement on 3-year $12bn extended fund facility
CBE’s aim to move to flexible exchange rate will strengthen competitiveness, says head of IMF mission
IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare …
In Cartoon: Egypt does not welcome The Economist’s message
IMF loan is last option for Egypt to escape economic crises: experts
IMF-leveraged deal is mandatory; a refusal would lead to losing loan sources, say experts
Egypt, IMF to postpone unifying exchange rate until first tranche of loan arrives
Government moving quickly towards loan, while mission concerned about Cairo’s ability to implement and follow up on reforms, says former IMF official
Ball Corporation considers investing $60m into Egypt branch: Trade Minister
Ball Corporation’s investment in Egypt reaches EGP 840m, says minister
The Economist’s biased reports will not affect IMF deal: economists
Al-Sisi has gone “beret in hand” to the IMF for a $12bn bailout, says The Economist
It is too early to talk about IMF loan: Minister of Finance
No conditions will be imposed on Egypt as the reforms in IMF negotiations are the same as those in the government’s economic reform programme
Is pressure for Egypt’s reform coming from the IMF or from oil prices?
While the IMF conditionality is the focus of the reform agenda, oil prices may be driving government considerations
In Cartoon: Is the IMF taking Egypt down the right path?
International pressure builds on Egypt to liberalise exchange rate
A floating exchange rate is likely in Egypt’s future due to pressure from the IMF and the looming prospect of a Federal Reserve interest rate hike later this year
IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned about high US dollar exchange rate, says finance minister
An Egyptian to chair IMF’s SMEs division in Washington
We aim to provide financial and technical support to those responsible for developing SMEs in a number of countries, including Egypt, says Negaty
Egypt’s private sector celebrates IMF conditionality while government sighs in relief
Egypt’s private sector has largely celebrated the news of the IMF loan, which the government hopes will galvanise private sector involvement with development, says Renaissance Capital
