Latest in Tag: IMF Highlight
Latest in Tag: IMF
Egypt investors believe Sisi presidency will bring stability
Sisi offers the hope of relief from three years of political turmoil that began with the Arab Spring uprising, even though he was the man who toppled Egyptâs first freely-elected president, Islamist Mohamed Morsi.
IMFâs Egypt strategy ill-suited to realities on the ground: ECESR
Regional economic experts say fundâs demands for near-term subsidy cuts not viable
Qatar may face higher costs of hiring foreign workers: IMF
Qatar, which has denied the Guardianâs findings, has seen an increasing influx of foreigners, now estimated at 1.8 million, with its population rising 10% in 2013.
No need to panic over Ukraine economy: IMF’s Lagarde
The revolt led to Moscow canceling a much-needed $15bn loan to the country after only $3bn had been disbursed, leaving Kiev with little cash in its coffers and dwindling foreign exchange reserves.
G20 vows to add $2tn to world economy to lift growth
US Treasury Secretary Jack Lew stressed at a press conference that the G20 had left the austerity debate behind and was fully focused on growth.
Interim PM meets with IMF head Christine Lagarde at Davos
El-Beblawi briefs Lagarde on Egyptâs latest economic developments
IMF sees slightly stronger global growth
The fund increased its estimate for world growth this year slightly to 3.7%, after 3.0% in 2013, while warning that the rebound of the world economy is still âweak and unevenâ.
IMF plans to raise global economic growth forecast: Lagarde
The IMF chief dined with Kenyan President Uhuru Kenyatta on Monday evening in the coastal city of Mombasa.
Why one foreign investor left Egypt
By Farah Halime One of the key markers of a thriving economy is whether investors are committed. For Egypt, attracting investors has remained a point of contention in the last three years â are they or are they not putting money in Egypt? Marshall Stocker, an American venture capitalist, was among a band of businessmen drawn …
Egyptâs debt in Focus
Egypt has diversified debt instruments, but still has the same creditors
Interest rate sharply reduced but the governmentâs options remain limited
The government is ignoring Sukuk and depending on Arabs to meet urgent needs
Chatham House dissects Egyptian economy
Royal Institute of International Affairs examines interim government performance, post revolution economy political participation and IMF development
Why Egyptâs army is bad at doing business
By Farah Halime General Abdel Fattah Al-Sisi must be revelling in the image of an all-powerful oligarch created by the media. Apparently he reigns over a sprawling economic empire that journalists describe (in now rather clichĂ©d terms) as so varied that it covers everything from the production of flat-screen televisions and pasta to refrigerators and …
Egypt delays IMF loan decision, Gulf aid helps reform: Deputy PM
Any IMF deal would require economic reform commitments that the government might find politically risky
Arab Spring economies hit by uncertainty: IMF
The economies of Arab countries rocked by the uprisings that swept the region two years ago, remain sluggish because of unfinished political transitions
Outside looking in: An international perspective on Egyptâs economy
Reform is needed to boost investor confidence and bring back higher levels of FDI
Bessma Momani has a PHD in political science with a focus on international political economy. She is an associate professor at the Balsillie School of International Affairs at the University of Waterloo and authored the book IMF-Egyptian Debt Negotiations.
Momani highlighted three key areas investors view as intersecting with politics: confidence, perception and reform.
Regional support braces Egypt while it works toward fiscal stability
Strong support from regional neighbours has helped buttress reserves, and GDP growth should tick significantly upwards next year, but fiscal health nonetheless represents a sticky challenge for whoever wins the forthcoming elections by next spring: traditional revenue sources such as tourism, taxation, exports and investments have declined, while government expenditures in the form of public sector wages and subsidies for both energy and food continued to expand.
Why Egypt’s bourse seems optimistic
Egypt Business Directory explores factors behind the EGX30 index surge on Thursday to its highest level in eight months. Where did the optimism come from to push the mark to 5765.8 points in that session.
Afghan peace on the table as Pakistan PM heads to US
Daniel Markey, a senior fellow at US think-tank the Council on Foreign Relations, said that since coming to power in May Sharif had impressed Washington with his willingness to be a partner.
IMF studies Egyptâs economy and development
IMF: The political uncertainly Egypt underwent has clouded the economic outlook and impacted the policy performance.
IMF cautious on emerging economies
Growth rates in emerging market and developing economies are now down some three percentage points from 2010 levels, mostly due to a slowdowns in Brazil, China, and India, the IMF said.
Egypt cuts IMF delegation in political protest
PM Hazem El-Beblawi says negotiations are ongoing over whether IMF will recognise current government
Egypt left vulnerable after Qatari snub
By Farah Halime It was bound to happen sooner or later. Egypt has returned to Qatar the $2bn the Gulf state deposited in Egyptâs central bank after negotiations to convert the money into three-year bonds failed. Though this represents only a quarter of the total funds Qatar has lent or given to Egypt, the decision …
IMF committed to aiding Egypt
No official statement on whether or not negotiations were reinitiated after post 3 July hiatus
Inflation rates continue climb in August
Increases in inflation rates from January to August 2013 totaled 9.4% compared to the same period during the previous year.
Making the most of Gulf aid to Egypt
By Farah Halime, Rebel Economy We may not like it, but Egypt desperately needs Gulf money. So why not change the way the Gulf lends money to Egypt to make it count. It wonât be just about wasting away cash to address a symptom without resolving the underlying problem. Indeed, without Gulf aid, the government would have …
Finance minister promises no new taxes
Galal announced that no property taxes or income taxes would be modified âin order to not harm the economy.â
IMF waiting for the âright timeâ for loan negotiations
The global lender said all discussions are being held with the technical team from the Central Bank of Egypt and the Ministry of Finance
Minister of Finance: Egyptâs government seeks to avoid austerity measures
Galal downplayed the importance of resuming talks with the International Monetary Fund (IMF) over the countryâs pending $4.8bn loan, which the previous government under former president Mohamed Morsi had been pursuing since August 2012.
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is âeconomically misleadingâ and unlikely to raise the foreign reserve level
IMF: No contact yet with interim government
Spokesman says the decision to engage with the interim government depends on shareholders