Latest in Tag: IMF Highlight
Latest in Tag: IMF
IMF maintains its Egypt’s growth forecast at 5.2% for FY 2021/22
IMF upward revises its forecast for Egyptian economy’s growth to 3.3% in FY 2020/21
IMF expects global economic growth in 2021 to fall slightly below its July forecast of 6%
Vaccinate, calibrate, and accelerate are answer to overcome obstacles to recovery: Kristalina Georgieva
IMF’s largest SDR allocation in history takes effect
The International Monetary Fund (IMF) announced on Monday that its new allocation of Special Drawing Rights (SDRs) equivalent to $650bn, the largest in the IMF’s history, comes into effect, in an effort to help countries recover from the COVID-19 pandemic. “The allocation is a significant shot in the arm for the world and, if …
IMF gives upward growth projection of 4% for Middle East, Central Asia in 2021
Fund maintains forecast for global economy growth at 6% in 2021
Egypt’s external debt to reach 36% of GDP at FY 2021/22 end: IMF Egypt Mission Chief
The International Monetary Fund (IMF) currently projects Egypt’s external debt to reach 36% of GDP at the end of fiscal year (FY) 2021/22, according to Celine Allard, IMF Mission Chief for Egypt. The projection is relatively moderate compared to other emerging market countries in the world. “In addition, out of this 36% of GDP, about 20% corresponds …
IMF does not forecast Egypt needing any external financing going forward: Egypt Mission Chief
Under the International Monetary Fund’s (IMF) current baseline, the organisation does not forecast Egypt needing any external financing going forward, according to Celine Allard, IMF Mission Chief for Egypt. Her remarks came during a virtual press conference held to mark the IMF’s second review for Egypt’s economic reform programme. The programme was supported by the IMF Stand-By Arrangement (SBA) …
Egypt’s growth to rebound from 2.8% in FY 2021 to 5.2% in FY 2022: IMF
Country’s outlook remains clouded by uncertainty related to COVID-19 pandemic
IMF to approve $1.6bn in financing for Egypt in coming weeks
Egyptian economy expected to see growth of 2.8% in FY 2020/21, rising to 5.2% in FY2 021/22, says fund
Planning Minister, IMF discuss Egypt’s National Structural Reform agenda
The meeting, held via video conference, took place in the presence of Mahmoud Mohieldin, Executive Director of the IMF and the United Nations (UN) Envoy for Financing Sustainable Development, as well as the IMF’s working group.
Egyptian economy to rebound in FY 2021/22 supported by vaccine rollout: IMF
Rebound will also be driven by the government’s public investment: World Economic Outlook
IMF gives upward projection for MENA economy to 4% in 2021
2021 path to recovery in Middle East and Central Asia is expected to be long and divergent, international fund said
Global recovery tied to sustainability, resilience, inclusivity: IMF, World Bank Meetings
Key ingredients to foster culture of innovation are through people, processes, technology: Egypt’s Al-Mashat
Egypt’s economy to grow 2.5% in FY 2020/21, rebounding to 5.7% in FY 2021/22: IMF
After estimated contraction of -3.3 % in 2020, global economy is projected to grow at 6% in 2021, moderating to 4.4 % in 2022: IMF
How world moves forward post-COVID-19 is important multifaceted question: IMF
Georgieva also said that there is anxiety on returning to normal, particularly given that the previous ‘normal’ was “not great”.
IMF to upward revise global forecast for 2021, 2022
Georgieva said that in January, the IMF projected global growth at 5.5% in 2021, but now expects a further acceleration. This is partly driven by additional policy support, including the new fiscal package in the US, and partly because of the expected recovery, powered by the vaccine rollout for the novel coronavirus (COVID-19) in many advanced economies later this year.
IMF appoints Brenda Boultwood as Director of Risk Management
Fund has recognised pressing need to deepen enterprise risk management function, increase role of ORM Director, says Kristalina Georgieva
IMF revises up projection for MENA region growth to 3.3% in 2021
Road to recovery in Middle East, Central Asia hinges on containment measures, access to and distribution of vaccines, among other aspects
Government affirms positive IMF reviews of Egypt’s economic progress
IMF praises Egyptian government’s provision of assistance to individuals, companies most affected by pandemic
IMF upgrades global growth forecast in 2021 to 5.5%, warns risks remain
Financial organisation maintains forecasts for growth in Middle East, Central Asia at 3% in 2021, raising forecast for 2022 to 4.2%
IMF places climate change at heart of its work: Managing Director
Combining steadily rising carbon prices with green infrastructure push can boost global GDP over next 15 years by about 0.7%: Kristalina Georgieva
World can gain $9trn during 2021-2025, if worldwide vaccination accelerated: IMF chief
Ensuring sustainable, inclusive recovery post-COVID-19, reversing divergence between rich and poor countries are main 2021 priorities, says Kristalina Georgieva
No sustainable post-COVID-19 recovery in MENA region without strong governance: IMF
The Middle East and North Africa (MENA) region will be unable to envisage a strong and sustainable recovery following the novel coronavirus (COVID-19) pandemic, unless there is a strong governance framework.
World lives in digital age, with three pluses, one minus: IMF
One minus refers to inequality in access to technology
IMF forecasts Egypt’s economy to record 2.8% growth in FY 2020/21
Egypt’s economy was heavily effected by coronavirus pandemic, which took it’s toll on tourism, and worker remittances, yet it avoided contraction
Egypt to draw $1.67bn under SBA as IMF completes first review of reform plan
The 12-month SBA, totalled SDR 3.763bn (about $5.2bn at the time of approval), was approved by the IMF Executive Board on 26 June 2020 to support the authorities’ economic reform programme during the COVID-19 crisis.
IMF urges G20 to jointly build foundations for better global economy
Georgieva’s comments came during the recent G20 summit, which took place virtually on 21-22 November, hosted by Saudi Arabia.
Egyptian President praises government’s performance in pandemic economy
Egyptian Presidency Spokesperson Bassam Rady said, on Sunday, that Al-Sisi’s statements came during his meeting with Prime Minister Mostafa Madbouly, Minister of Finance Mohamed Maait, and Deputy Finance Minister for Financial Policies Ahmed Kouchouk.
Egypt, IMF reach staff-level agreement on 1st review of 12-month SBA
The meeting was held to discuss recent economic developments and policy priorities of the first review for Egypt’s economic program supported by the IMF’s 12-month SBA.
MENA region performed well in managing COVID-19 crisis: Jihad Azour
COVID-19 crisis is about disruption and acceleration, says IMF regional director
Global economy is facing deep recession due to COVID-19: IMF
The IMF said that these ongoing global forces and the current crisis can offer opportunities to build a better future for everyone