Latest in Tag: IMF Highlight
Latest in Tag: IMF
Daily News Egypt reveals negotiation points between IMF, Egypt over $12bn loan
Allowing the Egyptian pound’s exchange rate to move both directions based on supply and demand and deciding a timetable for the implementation of reforms under the fund’s supervision are among the topics to be negotiated
Bankers weigh in on the proposal to convert government’s debt to banks into shares in national projects
Some believe it is feasible while others claim it is fruitless
Egypt to answer IMF inquiries over the next 14 days
IMF will request the implementation of CGT and reduction of domestic debt
Recommendations to form purchasing centres in case EGX remains above 7,793 points this week
The Egyptian Exchange (EGX) is facing a tough challenge this week as it attempts to continue its upward direction, after the good performance it recorded last week. Technical analysts and executives at brokerage firms said that the market’s ability to go beyond 8,000 points would cause it to continue moving upwards. Experts advised investors to …
Financial stability is a key priority at the IMF, says Al-Mashat
Rania Al-Mashat talks to Daily News Egypt as she assumes new role as IMF senior advisor
IMF welcomes cooperation with Egypt to fund economic programme
It is hoped that this will achieve stability in Egypt’s financial markets, as well as realising targeted growth rates.
Egypt borrows from IMF to retain international confidence in economic stability: Al-Sisi
US dollar loses over 50 piastres on informal market, 5% jump on EGX during Wednesday trading
Egypt targets $21bn loan over 3 years to finance economic programme
IMF to offer $12bn, while the World Bank, AFDB, and international bonds will secure the remainder of the loan
IMF slashes global growth forecast on Brexit uncertainty
Britain’s upcoming departure from the European Union has prompted the International Monetary Fund (IMF) to cut its global growth forecast for the next two years – the fifth time it has dialed back estimates in 15 months.
IMF urges Italy to tackle slow growth and bank crisis
The International Monetary Fund (IMF) has called on Italy to launch urgently needed economic reforms to accelerated anemic growth and head off a looming crisis in its financial industry.
Opinion: The downfall of an institution
The once-proud Deutsche Bank is now threatening the global financial system. Things keep getting worse and worse, though Brexit offers a tiny glimmer of hope, writes DW’s Henrik Böhme.
CBE governor claims report on IMF loan was incorrect
Reuters reported on Monday that Egypt is negotiating a loan worth $5bn; Amer denies to Daily News Egypt
Economic activities slow down in GCC countries in 2016: IMF
Drop in oil prices worldwide is an opportunity for Egypt to get rid of fuel subsidies gradually, says Masood Ahmed
Chinese economy vulnerable to shocks – IMF
The International Monetary Fund (IMF) has urged China to implement reforms more speedily as it faces growing vulnerabilities amid dwindling resources to cope with internal and external shocks.
Al-Sisi’s government engineers bold reforms, more structural adjustment required: IMF
Foreign investors applaud removal of subsidies, VAT, liberalised exchange rate, investment and banking reform, but demand more liberalisation policies from the Egyptian government
IMF hires CBE deputy governor to pen fiscal, monetary policies for emerging nations
Rania Al-Mashat will assume her duties in early August
IMF to appoint Rania Al-Mashat as advisor in August
The Central Bank of Egypt hired Al-Mashat from the IMF in 2005
IMF urges France to expand controversial labor reforms
France’s economy is recovering at a pace insufficient to combat high unemployment – and the government may need to extend its already unpopular labor reforms, the International Monetary Fund (IMF) has warned.
Eurogroup chief sees no Greek debt deal without IMF
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece’s latest bailout package would need the participation of the International Monetary Fund (IMF).
IMF ‘praises’ Egypt’s efforts to improve customs: Finance Ministry
The Egyptian government requested an evaluation from the fund
Egypt discusses tax reforms in IMF-World Bank meetings
Egyptian delegation agreed with IMF officials to cooperate in studying methods to enforce VAT law
EGX chairman to attend IIF roundtable in Washington to promote investment in Egypt
Omran will hold talks with three international investment institutions which manage investments of $100bn to discuss possible investment in the EGX
IMF expects Egyptian economy to grow by 3-3.5% this fiscal year
Security problems, Russian plane crash, and foreign currency crisis lowered growth expectations from last year, says Masood Ahmed
Head of IMF Mission to Egypt urges for measures to reduce budget deficit
External debt is within safe limits and can be managed, but local debt is worrying, Jarvis says
IMF loan negotiations: Will Egypt make it work this time?
Economy professor Alia El-Mahdy believes Egypt will adopt further economic reforms in the new fiscal year to meet IMF’s demands
Egypt’s economic growth expected to decrease to 3.3% in 2016: IMF
The report predicted a global economic growth of 3.3% during 2016. However, in January this fell by 0.2%
JP Morgan expects further EGP devaluation, IMF loan deal
The US firm expects higher interest rates
CBE Governor denies he was dismissed after accepting post at IMF
The revaluation of the US dollar exchange against the Egyptian pound in the black market, for the first time in history, fueled these rumours
IMF’s Lagarde re-elected to second term
The International Monetary Fund has confirmed Christine Lagarde for a second term at the helm of the Washington-based organization. She did not have to struggle hard as there was no other candidate.
International cooperation minister heads meeting with Arab central bank governors
The World Bank delivered financing methods for reconstruction efforts, says Nasr